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Professional training course · IMCS-028
Cyber Risk Quantification
Boards and executives increasingly want cyber risk expressed in financial terms so they can compare it with other risks and make informed investment decisions…
- 5 daysClassroom
- 13Upcoming dates
- 7Cities
- £2,250Fees from
Course overview
Why Attend
Boards and executives increasingly want cyber risk expressed in financial terms so they can compare it with other risks and make informed investment decisions. Traditional heat maps rarely provide that clarity.
This LLMI course explains cyber risk quantification approaches, scenario definition, estimating frequency and loss magnitude, Monte Carlo analysis, using quantification to prioritise controls and insurance, and communicating results. Participants quantify cyber risk scenarios with spreadsheet models.
The course bridges cybersecurity, risk management and finance.
Course Objectives
Explain the limits of qualitative cyber risk ratings
Define cyber risk scenarios
Estimate frequency and loss magnitude
Apply Monte Carlo simulation
Use quantification for investment and insurance decisions
Communicate quantified risk to leadership
Target Audience
Cyber risk managers
Information security managers
Enterprise risk managers
Finance professionals
Insurance and risk transfer specialists
Auditors
Course Methodology
Concept sessions
Spreadsheet modelling
Scenario workshops
Case studies
Presentation practice
Course outline
-
1Day 1: Quantifying Cyber Risk
- Why quantify
- Heat map limitations
- Approaches
- Key concepts
- Data sources
- Exercise: Current risk register review
-
2Day 2: Scenarios
- Scenario definition
- Assets and threats
- Loss events
- Scope
- Prioritising scenarios
- Workshop: Scenario definition
-
3Day 3: Estimation
- Frequency estimation
- Loss magnitude
- Calibrated estimates
- Expert judgement
- Ranges
- Exercise: Estimating losses
-
4Day 4: Simulation and Decisions
- Monte Carlo basics
- Loss exceedance curves
- Control value analysis
- Insurance decisions
- Lab: Monte Carlo model
-
5Day 5: Communication
- Board reporting
- Integrating with ERM
- Limitations
- Programme development
- Case study: Quantification in practice
- Capstone: Quantified risk report
Dates and fees
Questions
Frequently asked questions
How long is the Cyber Risk Quantification course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Cyber Risk Quantification course?
The next public date is 21 - 25 Dec 2026 in London. There are 13 upcoming dates in total.
Where is this course held?
Upcoming sessions run in London, Paris, Frankfurt, Barcelona, Rome, Kuala Lumpur, Geneva.
How much does the course cost?
Fees start from £2,250 + VAT per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
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