Institute of Risk Management · Board oversight

Should cyber risk be reported to the board in dollars?

Reply

Fewer than fifteen per cent of organisations in Asia-Pacific quantify cyber risk in financial terms. Most boards still receive heat maps and traffic-light dashboards.

Quantification promises better decisions and clearer trade-offs. Its critics say the numbers are false precision that create a dangerous sense of control.

Angles to consider

  • Does your board see cyber risk as a number, a colour or a narrative?
  • Has quantification ever changed an actual decision in your organisation?
  • What is the minimum a director needs in order to make a good call on cyber investment?
Dr Jenny Tan
Jenny's opening view

I think an imperfect number that provokes the right conversation beats a perfect colour that ends it. Convince me otherwise.

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