How to Measure Risk Management Performance: KPI & Metrics

This article discusses the importance of measuring cyber risk management performance, outlines common challenges in collecting risk metrics (unclear responsibilities, data availability, insufficient threat intelligence, and lack of confidence), describes two metric types (KRIs and KPIs), and recommends five key metrics to track (number of risks identified, number of risks that occurred, percentage of risks monitored, percentage of risks mitigated, and cost of risk management programs), while promoting SecurityScorecard for continuous monitoring.