How to Measure Anything in Cybersecurity Risk

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DOUGLAS W. HUBBARD is the inventor of the Applied Information Economics (AIE) method and the founder of Hubbard Decision Research. He is an internationally recognized expert in the area of decision analysis.
 
RICHARD SEIERSEN is the Chief Risk Officer of Resilience, a cyberinsurance firm. He is the former Chief Information Security Officer at LendingClub, Twilio, and GE Healthcare and Co-founder of the cloud native security company Soluble - sold to Lacework in 2021.
Foreword for the Second Edition Jack Jones ix
 
Acknowledgments xiii
 
Preface xv
 
Introduction 1
 
Part I Why Cybersecurity Needs Better Measurements for Risk 5
 
Chapter 1 The One Patch Most Needed in Cybersecurity 7
 
Chapter 2 A Measurement Primer for Cybersecurity 21
 
Chapter 3 The Rapid Risk Audit: Starting With a Simple Quantitative Risk Model 43
 
Chapter 4 The Single Most Important Measurement in Cybersecurity 73
 
Chapter 5 Risk Matrices, Lie Factors, Misconceptions, and Other Obstacles to Measuring Risk 101
 
Part II Evolving the Model of Cybersecurity Risk 133
 
Chapter 6 Decompose It: Unpacking the Details 135
 
Chapter 7 Calibrated Estimates: How Much Do You Know Now? 155
 
Chapter 8 Reducing Uncertainty with Bayesian Methods 183
 
Chapter 9 Some Powerful Methods Based on Bayes 193
 
Part III Cybersecurity Risk Management for the Enterprise 231
 
Chapter 10 Toward Security Metrics Maturity 233
 
Chapter 11 How Well Are My Security Investments Working Together? 257
 
Chapter 12 A Call to Action: How to Roll Out Cybersecurity Risk Management 277
 
Appendix A Selected Distributions 289
 
Appendix B Guest Contributors 297
 
Index 327
A start-to-finish guide for realistically measuring cybersecurity risk
 
In the newly revised How to Measure Anything in Cybersecurity Risk, Second Edition, a pioneering information security professional and a leader in quantitative analysis methods delivers yet another eye-opening text applying the quantitative language of risk analysis to cybersecurity. In the book, the authors demonstrate how to quantify uncertainty and shed light on how to measure seemingly intangible goals. It's a practical guide to improving risk assessment with a straightforward and simple framework.
 
Advanced methods and detailed advice for a variety of use cases round out the book, which also includes:
* A new "Rapid Risk Audit" for a first quick quantitative risk assessment.
* New research on the real impact of reputation damage
* New Bayesian examples for assessing risk with little data
* New material on simple measurement and estimation, pseudo-random number generators, and advice on combining expert opinion
 
Dispelling long-held beliefs and myths about information security, How to Measure Anything in Cybersecurity Risk is an essential roadmap for IT security managers, CFOs, risk and compliance professionals, and even statisticians looking for novel new ways to apply quantitative techniques to cybersecurity.

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