New framework helps companies quantify risk

CSO Magazine | Jan 23, 2015

The World Economic Forum has released a new framework this week that helps companies calculate the risk of cyberattacks. In the framework, created with collaboration of Deloitte, the World Economic Forum admits that there are some challenges involved. For example, there’s a lack of the historical data necessary to estimate the probability of attacks from particular types of attackers for particular industry segments. The lack of good data is also holding back the evolution of a strong cyber insurance market, said Mike Lloyd, CTO at Sunnyvale, Cal.-based RedSeal, Inc.