As market awareness of cyber risk quantification grows, we frequently receive questions from clients and curious risk managers about FAIR (Factor Analysis of Information Risk)—what it is, whether it truly provides accurate cyber risk quantification, the effort needed to set it up and maintain, and more. Clients often ask us to compare the FAIR methodology […]
Managing risk successfully at any level requires an understanding of a concept called “probability.” As both an insurance company (risk transfer) and a cyber risk management company, Resilience relies on understanding probabilities to price our services and to guide our clients to greater levels of cyber resilience. As we often receive questions from our clients […]
Heat maps are among the most widely used—and debated—tools for risk managers worldwide to communicate risks in their registries or project portfolios. Despite their popularity, we advise leaders seeking transparency in discussing risk and value to avoid relying on them. What are heat maps? Risk managers often use heat maps (or risk matrices) to represent […]
I talk a lot about value-at-risk among my colleagues, with our customers, and the broader market. Value-at-risk may be the single most important measure to grasp, without which one cannot accurately measure risk transfer, excess risk, risk acceptance, and return on controls. Yet, these are all important concepts that leadership in modern organizations need to […]
The Office of Senate Security revealed last week that the head of the Senate Foreign Relations Committee was targeted in a deep fake video call. An unknown person, claiming to be the former Ukrainian Minister of Foreign Affairs, Dmytro Kuleba, lured the Senator onto a Zoom call. The attack was thwarted when the Senator and […]
AI tools are shifting the calculus for cyber defense by enhancing key areas such as vulnerability mapping, breach detection, incident response, and penetration testing. This integration could help an organization bolster its cyber resilience against an ever-evolving threat landscape. AI tools could automate the discovery and monitoring of vulnerabilities, providing real-time updates of an organization’s […]
