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Cybersecurity transparency builds resilience
According to Gartner , transparency delivers 53 % improvement in third-party cyber-risk management effectiveness . Similar to credit ratings , Security Ratings provide global leaders with a shared framework for cybersecurity risk management . Notably , organisations with an ‘ F ’ rating are 7.7x more likely to experience a breach than their A-rated counterparts .
“ Progress starts with precise measurement . And until recently , cybersecurity lacked effective measurement ,” said Dr Aleksandr Yampolskiy , CEO and Co-founder , SecurityScorecard . “ As the World Economic Forum convenes to address the imperative of rebuilding trust , Security Ratings arm global leaders with a universal language to be relentlessly data-driven in managing cybersecurity risk . By establishing clear KPIs , we can enhance cyber resilience , ultimately renewing trust in our digital ecosystem .”
Methodology
The Cyber Resilience Scorecard was created by analysing cybersecurity scores for 6.3 million entities in 189 countries across 17 regions worldwide . SecurityScorecard continuously updates Security Ratings for over 12 million entities , monitoring 250 + cybersecurity signals . Data scientists correlated the 6.3 million cybersecurity scores with the International Monetary Fund 2022 GDP per capita data to assess the cyber risk and economic correlation .
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