Cyber Security Briefing #5
An introduction to residual risk and ways to assess and manage it.
You can never reduce a risk to zero, whether it’s a Cyber threat or protecting critical airspace from Drones. In the high hazard industries that make up the critical national infrastructure, the risk is well understood and quantitatively assessed. These methods and techniques are transferable and are being used in the Cyber sector today. In this session, a leading Risk Consultancy will introduce the concept of residual risk and explain how it can be assessed and managed, and a leading Insurance expert will explain the pros and cons of transferring the residual risk irrespective of the size of the business, or the type of Cyber threat.