Episode 14 — Rank risks with evidence so priorities are defensible and well funded
When presenting a risk register to the board, your priorities must be supported by evidence to be considered defensible and worthy of funding. This episode explores the transition from qualitative risk assessment (using high, medium, and low labels) to quantitative risk assessment (using actual dollar amounts and probabilities). We define concepts like Single Loss Expectancy (SLE), Annual Rate of Occurrence (ARO), and Annual Loss Expectancy (ALE). Examples include using historical incident data and industry breach reports to prove that a specific risk is worth the cost of the proposed mitigation. Best practices for the GSTRT exam include understanding how to present these findings in a Risk Register that clearly shows the current risk, the proposed control, and the residual risk that will remain. This evidence-based approach turns your security plan into a business-grade proposal that is much harder for leadership to ignore. Produced by BareMetalCyber.com, where you’ll find more cyber audio courses, books, and information to strengthen your educational path. Also, if you want to stay up to date with the latest news, visit DailyCyber.News for a newsletter you can use, and a daily podcast you can commute with.
