On January 2015, the World Economic Forum released a new framework designed to help businesses identify cyber threats and build potential quantification models to calculate the impact of these threats.
The framework is called “cyber value-at-risk”. It is proposed with the report ‘Partnering for Cyber Resilience: Towards the Quantification of Cyber Threats’ and it was created in collaboration with Deloitte.
The idea behind the framework is to help organizations answer questions about their susceptibility to cyber attacks, how valuable their key assets are and who might be after them.
The “cyber value-at-risk” concept is envisioned to transcend traditional investment value at risk. It considers organizations’ different needs depending on factors such as the maturity of their security environment or the industry and sector they pertain to. The report “will identify key components towards a framework to cyber risk modelling and qualifying and quantifying known vulnerabilities in defenses, while providing macro-systemic guidance”.
The report ‘Partnering for Cyber Resilience: Towards the Quantification of Cyber Threats’ is available at http://www3.weforum…
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