Identifying your top cyber security risks
2020 has seen a number of advanced cyber attacks hit organisations in Australia and around the world, , with wide-ranging, and in some cases, devastating effects. The consequences to a business following an advanced cyber attack can be varied and often difficult to predict, affecting various components of a business’s operations and administrative functions, seizing up critical systems and bringing the business to a standstill, while also compromising critical and often confidential data.
As technology becomes increasingly intertwined with the everyday operation of most businesses, many are seeking to better understand how they are specifically exposed to cyber risk, and what a cyber incident might mean for them. This then prompts the follow up question – how they can prepare for what will only become a growing exposure. Every business has its own unique cyber security risks however, getting to grips with your organisation’s particular cyber risk profile is often not a straightforward task.
In this replay, we provide practical steps that organisations can take to get their arms around their cyber exposures from both a quantitative and qualitative perspective.
Key topics this masterclass covered:
- Understanding how cyber security risk affects your organisation holistically;
- Understanding which metrics matter when analysing the exposure;
- An overview of the techniques available to assist in quantifying cyber risk;
- Factoring cyber security risk into key decision making;
- How to put cyber risk into monetary figures – to assist in investment decisions and insurance limit determinations;
- Guidance for talking to the risk management program to the board and other key stakeholders; and
- Key insurance considerations
Watch the replay below.
The information contained in this webinar is based on sources we believe reliable, but we do not guarantee its accuracy. This information provides only a general overview of subjects covered, is not intended to be taken as advice regarding any individual situation or as legal, tax, or accounting advice and should not be relied upon as such. Recipients of this webinar should consult their own insurance, legal, and other advisors regarding specific coverage and other issues.
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