In aThird-Party Risk Management (TPRM) program, vendor monitoring primarily focuses on two risk categories: Cybersecurity risks:Cyber risks and vulnerabilities in the supply chain increase your risk of being impacted by adata breach. Regulatory compliance risks:Misalignments with regulatory standards due...
In the context of cybersecurity, regulatory risks stand distinct from other risk categories frequently discussed in the literature, such as cybersecurity risks and compliance risks. While each type of risk originates from unique sources, they can intersect in their impact on organizations. Regulatory ...
To reflect cyber threat resilience, security ratings are calculated my considering multiple attack vector categories and usually represented as a score ranging from 0-950. Security Ratings by UpGuard Learn more about security ratings > Just as credit ratings and FICO scores aim to provide a quantitat...
(2020) identify cybersecurity related disclosures using the NICCS glossary of cybersecurity terms and classify disclosures into content categories. Berkman et al. (2018) do not disclose the exact keyword list used in their process of identifying cybersecurity disclosures and creating their cyber...
Malware spans three risk categories: operational, financial and reputational. In many cases, computers infected with malware become very expensive paperweights. Businesses often lose access to customer files, inventory records, and other electronic documents. When a company’s ability to operate is disr...
Interestingly, we do not find a distinct pattern between the frequency of events, the loss severity, and the number of affected records as often alluded to in the literature. We also analyse the severity distribution of cyber-related events across all risk categories and business sectors. This ...
Quantitative methods use numerical values to provide data-driven risk analysis, usually in financial or probabilistic terms. Quantitative methods support objective decision-making and comparison. On the other hand, qualitative methods describe risk using categories such as "low," "medium," or "high" ...
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