Cyber Risk Quantification Made Simple – Measuring the Financial Impact of Cyber Threats (C20-F-BV)

This course teaches you how to quantify cyber risk in financial terms to support decision-making. You’ll gain: Foundations of Cyber Risk Quantification Understand the need for quantifying cyber risk Learn the difference between qualitative and quantitative approaches Explore key concepts: threat, vulnerability, impact, likelihood Quantification Models & Frameworks Apply FAIR (Factor Analysis of Information Risk) methodology Use Monte Carlo simulations and loss exceedance curves Integrate with ISO 27005, NIST RMF, and DORA Data Collection & Analysis Identify internal and external data sources Estimate frequency and magnitude of cyber events Use historical data, expert judgment, and threat intelligence Business Impact & Reporting Translate risk into financial metrics: VaR, ALE, SLE, ROI Build dashboards and executive reports Support budgeting, insurance, and board-level decisions Tooling & Automation Use platforms like RiskLens, X-Analytics, and custom Excel models Automate data ingestion, scenario modeling, and reporting Integrate with GRC and SIEM systems Regulatory & Strategic Alignment Align quantification with DORA, NIS2, GDPR, and SEC disclosure rules Support compliance, resilience, and cyber insurance strategies Communicate risk in business language across departments