About Course
This module introduces participants to the key methodologies and tools used to measure and communicate cyber risk in financial terms. Learners will explore popular frameworks such as CVSS and FAIR to score and quantify risks, assess the financial impact of cyber incidents, and translate risk into language understood by executives and boards. The module also covers the essentials of cyber insurance, including types of coverage, limitations, and how to evaluate policies effectively. Lastly, it provides guidance on developing a solid business case for cyber risk mitigation investments and insurance purchases.
Course Content
Cyber Risk Quantification Methods
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Understanding the Common Vulnerability Scoring System (CVSS) and Its Application in Risk Assessment
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Introduction to the FAIR
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Using risk heat maps for visual representation of risk severity and likelihood
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Practical examples of applying these models to real-world threats
Financial Impact and Executive Reporting
Cyber Insurance and Investment Justification
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