Cybervergent
Quantitative Risk Analysis

Run quantitative risk analysis

Quantitative risk analysis runs on a third-party or compliance initiative. Open one, open the Quantitative Analysis tab, read the annualized loss expectancy, run the simulation, and review the control-gap scenarios and remediation impact.

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Run quantitative risk analysis

Overview

Quantify risk in financial terms (annualized loss expectancy, simulation, scenarios) for board-ready communication.

Step-by-step

  1. 1 Quantitative risk analysis runs on a third-party or compliance initiative, not the risk program. Open one and click the 'Quantitative Analysis' tab.
  2. 2 Review the 'Risk Overview' card with the Annualized Loss Expectancy (ALE).
  3. 3 Click 'Run Simulation' to run the Monte Carlo analysis and read the P10, P50, and P95 percentiles.
  4. 4 Switch the taxonomy between 'Tree' and 'Table' to see the loss event frequency and loss magnitude breakdown.
  5. 5 Review the loss categories and the 'Risk Scenarios (Control Gaps)' for each gap's impact and breach probability.
  6. 6 Use the prioritized remediation recommendations and their dollar impact to build a risk-informed investment case.
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