CyberPoint's James Ulrich Tells FloCon How CyberVaR Assesses Value-at-Risk

ALBUQUERQUE, NM (January 9, 2013) — James Ulrich's Cyber Value-at-Risk method, presented today at FloCon 2013, quantifies the economic risk cyber attack poses to an organization. The financial industry quantifies monetary risk, but cybersecurity has tended to be technology-driven rather than based on rigorous risk assessments. Since security resources are limited, applying them effectively depends upon being able to recognize—in a rigorous, quantifiable way—what's at risk and what the cost of losing it would be. Ulrich presented FloCon's attendees—leading network security experts—a cost-constrained, Bayesian probabilistic approach to overall loss exposure that can optimize local cyber countermeasures. CyberVaR offers a way of intelligently and cost-effectively organizing enterprise defenses against the wide range of rapidly evolving cyber threats.

About CyberPoint

At CyberPoint, we work to create a future where individuals and organizations from across the globe can operate safely and securely in cyberspace and benefit from the technological innovations that increasingly connect our world. A rapidly growing cybersecurity company, CyberPoint integrates and delivers innovative, leading-edge services, solutions, and products to protect what's invaluable to customers worldwide. We discover the threats and vulnerabilities that expose data, systems, and infrastructure to compromise, we quantify risks, and we design defenses that provide critical protection.

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