Cyber Defense eMagazine July Edition for 2022

A Customized, Personalized Perspective
Each company populates its platform with up-to-date internal data and information reflecting its specific
circumstances. This bespoke “inside-out” view precisely conveys the organization’s risk profile and
benchmarks to inform priority setting, decision making, and operational responses to emerging, evolving
risks.
Financial Impact is Quantified
IDRM goes beyond traditional risk score methodology to calculate and predict the financial impact,
remediation cost, and annual loss expectancy of each factor of risk across the enterprise. When risks are
quantified, decision-makers can immediately compare the severity of one challenge to another, set
priorities, and create data-driven remediation plans.
Industry-Specific Risk Benchmarking
Traditional benchmarks available today, unfortunately, typically provide only high-level guidance due to
the generic framework applied. On the other hand, within an Integrated Risk Modeling & Reporting
platform data can be adjusted to take account of industry type, company size, risk appetite, data assets,
and other factors. This provides a company-specific industry benchmark to assess a company’s specific
threat exposure and overall risk management program performance.
Best-in-class “outside-in” risk benchmarking maps three coordinates:
• The enterprise’s own risk profile and risk scores based on its unique data.
• Broad industry average risk scores.
• A narrower band of benchmark data reflecting the enterprise’s specific peer group.
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