In this video we listed key factors why companies spend too much on Risk Management, and then show how the MXV Quantitative Risk Management solution can help with this problem for the cost of one employee. Consider it as an always available, super knowledgeable employee who can coordinate the work and align the thinking of 20 people (more can be added if needed). This employee turns your security information into business value measures, communicates on demand the current risks and priorities. It helps with the planning, evaluation, prioritization, and benefit-communication of your security investments. It helps with multi-year Security Strategy planning with resource allocation. It can optimize Insurance Policies and provides quantitative support for negotiations with insurance providers. Do you have such an employee? If the answer is no, then you most likely spend too much on Risk Management or carry too much unmanaged risk.
Most of the issues are driven by the lack of capability of generating meaningful insights that help effective decisions. This also drives lack of coordination between security and business stakeholders and the three Lines of Defense teams. All corporate decisions are resource allocation decisions at the end of the day. This is why our QRM solution is designed to help with the optimization of security investments and insurance policies through a value based Quantitative Risk Management capability.