CSCP S03EP21- Alex Sidorenko - Demystifying Cyber Risk Quantification

Jan 21, 2023

52:30

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Alex Sidorenko is an experienced risk manager, the host of Risk Awareness Week, and runs a popular blog and Youtube channel called “Risk Academy.” In 2021, Alex was named the Risk Manager of the Year by FERMA for helping save 13 million dollars in insurance premiums. Today, he breaks down the three layers of risk management— basic, standardized, and advanced. He explains that cybersecurity is still at the basic level because industry professionals haven't figured out how to quantify uncertainty to calculate risk and save money.

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0:00 Introductions

3:50 View on risk

6:36 Science of risk management

12:44 NASA study

14:18 three layers risk management—basic, standardized, advanced

18:15 Generators VS users

22:40 Cybersecurity insurance

30:10 Risk Awareness Week

35:30 Environmental risk

38:41 How to Measure Anything in Cybersecurity

43:20 Capture data

45:56 Final positive message