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What is cyber risk quantification, and why is it important?
One way to get C-level managers and cybersecurity department heads on the same page is to employ cyber risk quantification, as it speaks to costs versus risks. Image: iStockphoto/anyaberkut It’s a reasonably safe bet cyber incidents will be more of the same in 2021. However, there is something different blowing in the cyber wind this year. Business leaders are asking those in charge of cybersecurity departments to relate monetary costs to each potential cybersecurity risk…
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