Executives and the board face difficult decisions to determine whether cyber insurance is worth the spend and what limit to buy. Quantifying the financial costs of potential cyber incidents provides objective grounding for decision-making and reduces reliance on gut feeling, fear or intuition. However, cyber risk assessments usually don’t quantify the financial cost to the organization. This presentation will not only show you the benefits and the value of quantifying customized cyber risk scenarios to define whether you should buy cyber insurance but will also provide you with the tool to achieve this as a DIY process.
