Data Breach or Disclosure - A Quantitative Risk Analysis

Explore a data-driven approach to cyber-risk analysis in this 49-minute RSA Conference talk. Delve into the evolution of risk assessment practices, moving beyond qualitative models to embrace quantitative methodologies. Compare two data-confidentiality scenarios that appear similar on the surface but reveal meaningful differences through quantitative analysis. Learn to debunk myths about the impossibility of applying quantitative analysis to cybersecurity, and gain insights from real-world examples that demonstrate how common risk models can obscure important distinctions between scenarios. Acquire practical tools for analyzing similar use cases in your own environment. The talk covers risk management goals, NIST Risk Matrix, qualitative drawbacks, quantitative assumptions, scenario analysis approach, and practical applications such as estimating the frequency and magnitude of accidental disclosures. Gain valuable knowledge on risk treatment strategies and implementing ongoing reporting methodologies for effective cyber-risk management.