What is cyber value?

Cyber value-at-risk is a methodology aimed at quantifying potential losses resulting from cyber attacks within a specified time period. This approach leverages probability theory to assess the likelihood and severity of potential threats.

To accurately determine cyber value-at-risk, three fundamental factors are taken into consideration: vulnerability, assets, and the characteristics of potential attackers. Each of these components plays a crucial role in shaping an organization's overall cyber risk profile.

Vulnerability refers to the ease with which an organization's systems can be compromised by an attacker. This encompasses weaknesses in security protocols, software flaws, and human error that could potentially expose sensitive information or disrupt operations.

Assets, on the other hand, represent the valuable resources that an organization possesses, including financial data, intellectual property, and customer information. The value and sensitivity of these assets determine the potential consequences of a successful cyber attack.

The third driver of cyber value-at-risk is the profile of potential attackers. This includes factors such as their motivations, capabilities, and target selection criteria. Understanding the nature of potential threats can help organizations tailor their defense strategies and prioritize their risk management efforts.