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Article from Risk Management December 2016 Issue 37Cyber Risk is Opportunity By Michael SolomonPart 1 outlines the key risks of cybersecurity, why organizations are looking to insure, why an insurance
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Understand your organization's current cyber risk posture.
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Identify potential opportunities for improvement in your cyber risk management.
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Assess the potential impact and likelihood of each opportunity.
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Prioritize the opportunities based on their potential value and feasibility.
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Develop and implement a plan to take advantage of the identified opportunities.
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Who needs cyber risk is opportunity?

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Any organization that wants to effectively manage its cyber risk.
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Organizations that are looking to improve their cyber security posture.
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Organizations that want to capitalize on the opportunities presented by cyber risk.
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Cyber risk is opportunity refers to the potential of gaining something positive from a cyber risk incident.
Any organization or individual who experiences a cyber risk incident is required to file a cyber risk is opportunity report.
Cyber risk is opportunity report can be filled out by providing details of the incident, impact, mitigation efforts, and potential opportunities.
The purpose of cyber risk is opportunity is to not only address the negative impact of a cyber risk incident but also to identify potential opportunities for improvement.
The information that must be reported on cyber risk is opportunity includes details of the incident, impact assessment, mitigation strategies, and any potential opportunities identified.
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