A CISO must conduct risk assessments using a method where the Chief Financial Officer (CFO) receives impact data in financial terms to use as input to select the proper level of coverage in a new cybersecurity insurance policy.
What is the MOST effective method of risk analysis to provide the CFO with the information required?
The most effective method of risk analysis to provide the CFO with the required information is to conduct a quantitative risk assessment. Quantitative risk assessments measure risk by using numerical values and metrics, which translate directly into financial terms. This allows the CFO to receive impact data in monetary values, aiding in the selection of the appropriate level of cybersecurity insurance coverage.
The MOST effective method of risk analysis to provide the CFO with the information required in this scenario would be A. Conduct a quantitative risk assessment
Correct answer is A, quantitative risk assessment provide risk in numbers
Answer is A.
QUANTITATIVE: in terms of financial terms = money
A quantitative assessment gives a direct projection of cost/benefit which is what the question asks to be delivered in financial terms.
As CFO requires inputs in Financial Terms ($,€), conducting quantitative will address this. I really wonder who prepared this questions.
numbers means quantitative.
financial numbers are quantitative