ABSTRACT
Cyber risk can be optimized once it is baselined using inherent cyber risk scores and quantification metrics. Once the digital asset is known in terms of its importance, strategies can be applied to the cyber risk management program to lower residual risk to acceptable levels and increase resiliency. These include understanding how much cyber insurance to buy, the resources and budget needed to reduce risk to acceptable levels, preparing for an M&A event, and managing third-party vendors.
