Managing Cyber Risk

Cyber risk is the second highest perceived business risk, with digital assets representing over 85% of an organization's value. Managing Cyber Risk provides context and tools for corporate cyber stakeholders to understand and govern cyber risk, improve cyber resilience, and quantify exposures at the digital asset level. It helps businesses determine how much cyber insurance to buy and prioritize risk remediation based on reputational, operational, legal, and financial impacts.

\n Format: Paperback / softback
\n Length: 118 pages
\n Publication date: 08 April 2019
\n Publisher: Taylor & Francis Ltd
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Cyber risk is widely recognized as the second-highest perceived business risk by U.S. risk managers and corporate insurance experts. The significance of digital assets has surged, with over 85% of an organization's value now attributed to these assets. In a survey conducted among Fortune 1000 organizations, a staggering 83% identified cyber risk as a complex and multifaceted issue, primarily relying on qualitative metrics that offer limited insights into effective cyber strategies.

Written by one of the foremost cyber risk experts globally, and with contributions from other senior professionals in the field, Managing Cyber Risk offers valuable guidance to corporate cyber stakeholders, including managers, executives, and directors. Its primary objectives include empowering managers to gain a comprehensive understanding of cyber risk and ensuring enhanced cyber resilience. By providing a clear framework and practical tools, this handbook assists businesses in effectively quantifying cyber risk in business terms, enabling risk owners to determine the appropriate amount of cyber insurance coverage based on factors such as policy size, scope, cyber budget, and the prioritization of risk remediation based on reputational, operational, legal, and financial impacts.

Directors, as fiduciaries of the organization, are held to strict standards of fiduciary duty, loyalty, and care. This handbook provides valuable insights that enable directors to demonstrate their adherence to these standards, which is crucial in defending against claims made against them. Recognizing the strategic nature of cyber risk, this handbook serves as a roadmap for executives to enhance cyber resiliency. It stands out as unique in its approach, as it quantifies exposures at the digital asset level, providing a comprehensive framework for executives to navigate the complex landscape of cyber security.

\n Weight: 216g\n
Dimension: 232 x 155 x 8 (mm)\n
ISBN-13: 9780367177744\n \n