While the internet has existed for several decades, it’s only in recent years that security has become a popular concern. Cybersecurity tools and products now are a multi-billion dollar industry. Security engineers and executives continue to mitigate risk by trying to accurately quantify where their organizations might be vulnerable.
Measuring security risk is hard. Typically, it isn’t until a breach occurs that an organization can fully understand the scope of cost of the damages. Vendor risk management platforms and cyber insurance are two examples of markets that assess the magnitude of damage while attempting to restore secure . . .