The average cost of cyber incidents is higher than ever. According to a 2022 IBM Security report, the average cost of a data breach was $4.35 million.

In this video, Tom Callaghan the co-founder of C-Risk explains how to reduce the cost of cyber incidents using risk quantification and the loss chain concept.

Tom covers the FAIR Institute model, different loss types and C-Risk's definition of loss chain.

Chapters:

00:00 Introduction

00:11 How much will a cyber incident cost me?

00:51 The FAIR Institute Model

01:23 What is a loss type?

02:33 The C-Risk loss chain definition

04:20 Conclusion

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