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The real damage can be many times greater. Costs come from response, recovery, and downtime, and impact an organization’s brand name, customer relationships, and intellectual property.
Using years of observations and correlations gleaned from inputs such as historical network attributes, proprietary cyber insurance claims data, and other germane company statistics, Threat Alpha quantifies the entire financial impact of cyber risk scenarios and allows clients to breakdown hard and soft costs across 16 distinct categories of breach-related expenditure.
For CISOs and other stakeholders, trying to explain to the board what measures the enterprise is taking to reduce cyber risk can be a challenge. Whether due to lack of cyber security expertise at the board level or other factors, often times what is needed is simple and effective indicators that can transcend technical metrics and articulate performance measurement and the efficiency of security investments. Threat Alpha helps assure cyber security priorities by applying financial rationale to security decision-making. Not only can it calculate cost per solution, but Threat Alpha also provides the facts and intelligence required to make the best ROI decisions in real-time.
Providing Clarity of the Financial Impact of a Breach