The nature of risk is uncertainty. In Batman v Superman: Dawn of Justice, Bruce Wayne declares “he [Superman] has the power to wipe out the entire human race. If we believe there is even a one percent chance that he is our enemy then we have to take it as an absolute certainty.” The fictional Mr. Wayne is referring to the concept that even an improbable threat can be an unacceptable risk if the potential consequences are sufficiently dire. In the world of advanced cyber threats, a security breach can have severe consequences. Sony Entertainment experienced a publicly embarrassing, broad, and long running disruption of business operations. The Target breach cost the company hundreds of millions of dollars in fees and fines. Ashley Madison’s reputation for discretion was forever tarnished after leaking customer data. Tellingly, key executives at each of these organizations resigned in the wake of each of these major security breaches. Companies of all sizes are investigating ways to minimize risk and avoid disastrous data breaches.
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