In this report, Forrester discusses why CISOs increasingly turn to Cyber Risk Quantification (CRQ) technologies to better manage cyber risk within their organization. The authors offer key insights into why Boards of Directors are experiencing “cyber fatigue” and how CISOs should communicate organizational cyber risk without relying on “rudimentary heat maps.”  

Additionally, the authors provide an overview of the emerging CRQ market, end-user experiences, and implementation level guidance on how security and risk leaders should start CRQ projects.

The authors also provide guidance on:

• Why Cyber Risk Quantification is the “Rosetta Stone” for security and business teams 
• The common reasons why leaders struggle to implement Cyber Risk Quantification 
• How CISOs and Forrester clients evaluate CRQ methodologies like FAIR 
• Why CRQ is used to “calibrate cyber insurance coverage and pricing"

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