Cyber Risk Management for Banks

Measure your cybersecurity program the same way you measure everything else you do, in dollars.

Cybersecurity Compliance vs. Financial Risk

Banks must meet rigorous compliance requirements established by regulators.  Unfortunately, it’s difficult to integrate these compliance activities into your enterprise risk management program.  Our Cyber Risk Management Analytics offering gives you actionable insight on how to prioritize issues and allocate resources of your cybersecurity program.

Make Cyber Risk Actionable

Cybersecurity compliance alone creates a checklist of items to address, but does not help you prioritize where to invest the most effort and resources to protect your business.   Our service shows you helps you prioritize and measure results.

Understand exactly how different risks would impact your firm financially to prioritize spending, training time, and hedging strategies.

Measure the impact and efficacy of your compliance program in a way that goes beyond the checklist.

Do It Right

Align compliance activities with measured financial exposure

  • Calculate the return on investment for actions to address risks
  • Make cyber compliance more than a pro forma matter

Know the level of exposure and the reasons why

  • Communicate the risks and measures taken to address them for your client’s peace of mind
  • Understand the cost to bring new systems into your existing cybersecurity program

Mitigate the risks or pursue indemnification

  • Avoid litigation exposure because due diligence meets the standard of care
  • Know how much cyber insurance will protect you from an undiscovered breach