Cybersecurity Risk Calculator

Below we have given the examples for Asset, Vulnerability and Threat so that you can get an idea of appropriate inputs for the basic calculation of Cybersecurity risk for your Enterprise or Business.

Asset:
Vulnerability:
Threat:
Impact (Scale of 0-10): 0 1 2 3 4 5 6 7 8 9 10
Likelihood (Scale of 0-10): 0 1 2 3 4 5 6 7 8 9 10
Calculate Risk

Defitions of Asset, Vulnerability & Threat

Asset: An asset is any item or resource that is considered valuable to an organization or individual.

It can be tangible, such as buildings, equipment, and data storage devices, or intangible,

such as intellectual property, reputation, and customer data. Assets are typically considered

valuable because they contribute to an organization's mission, goals, or financial stability

Vulnerability: A vulnerability is a weakness or gap in a system's security defenses that can be

exploited by attackers. Vulnerabilities can arise from software bugs, configuration errors, human error, or

other factors. When a vulnerability is discovered, it can be used by attackers to gain unauthorized access to

sensitive data, disrupt operations, or launch attacks on other systems.

Threat: A threat is any circumstance or event that has the potential to harm an organization or individual.

Threats can come from a variety of sources, including natural disasters, accidents, cyber attacks, or

malicious actors. The goal of threat modeling is to identify the most likely and impactful threats to a system,

so that appropriate defenses can be put in place to mitigate the risk of harm.

What are the Examples of Asset, Vulnerability & Threat

Examples of Asset are given below

• Trade secrets
• Proprietary software
• Customer data
• Financial records
• Marketing plans
• Intellectual property
• Manufacturing equipment
• Raw materials
• Research and development data
• Marketing materials

Examples of Vulnerability are given below

• Outdated software
• Lack of access controls
• Weak passwords
• Social engineering attacks
• Insider threats
• Unencrypted data
• Unpatched systems
• Poorly configured firewalls
• Misconfigured applications

Examples of Threat are given below

• Cyber criminals
• State-sponsored hackers
• Hacktivists
• Insider threats
• Competitors
• Natural disasters
• Employee error or negligence
• Equipment failure
• Malware infections
• Distributed denial of service (DDoS) attacks

How do you calculate cybersecurity risk?

Calculating cybersecurity risk involves assessing the likelihood and potential impact of various cybersecurity threats on an organization's assets, such as data, systems, and networks. Here are some common steps to calculate cybersecurity risk:

1.Identify assets: Determine the assets that need to be protected, including data, systems, networks, and hardware.

2.Identify threats: Identify potential threats that could exploit vulnerabilities in the assets. This includes threats like malware, phishing attacks, social engineering, insider threats, and more.

3.Assess vulnerabilities: Analyze the vulnerabilities in the assets that could be exploited by the identified threats.

4.Determine likelihood: Estimate the likelihood that each threat will occur based on past incidents, industry reports, and other relevant information.

5.Estimate impact: Determine the potential impact of each threat, including financial, operational, and reputational costs.

6.Calculate risk: Calculate the risk by multiplying the likelihood and impact of each threat.

7.Prioritize risks: Prioritize the identified risks based on the severity and potential impact on the organization.

8.Develop a risk management plan: Develop a risk management plan to mitigate and monitor the prioritized risks. This can include implementing security controls, training employees, and regularly assessing and updating the risk assessment.