Consequence-based cyber risk management prioritizes the impact of cyber events over probability, vital for protecting critical infrastructure amid escalating cyber threats. This strategy is essential for sectors like energy, manufacturing, and utilities, where consequences can include operational downtime and safety risks. Integrating this approach with business goals requires understanding operational priorities and potential cyber attack impacts. Organizations face challenges like limited historical data but are adopting analytics and AI to enhance their predictive capabilities. Effective evaluation relies on key metrics like mean time to detect/respond and financial consequences. In a landscape marked by geopolitical tensions, organizations must adopt dynamic risk management strategies to ensure long-term resilience and operational continuity.
