London Leadership Management Innovation llmi.uk
info@llmi.uk
IT Management and Cyber Security · IMCS-028

Cyber Risk Quantification

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

Day 1: Quantifying Cyber Risk
  • Why quantify
  • Heat map limitations
  • Approaches
  • Key concepts
  • Data sources
  • Exercise: Current risk register review
Day 2: Scenarios
  • Scenario definition
  • Assets and threats
  • Loss events
  • Scope
  • Prioritising scenarios
  • Workshop: Scenario definition
Day 3: Estimation
  • Frequency estimation
  • Loss magnitude
  • Calibrated estimates
  • Expert judgement
  • Ranges
  • Exercise: Estimating losses
Day 4: Simulation and Decisions
  • Monte Carlo basics
  • Loss exceedance curves
  • Control value analysis
  • Insurance decisions
  • Lab: Monte Carlo model
Day 5: Communication
  • Board reporting
  • Integrating with ERM
  • Limitations
  • Programme development
  • Case study: Quantification in practice
  • Capstone: Quantified risk report

Dates and fees

DatesCityFee
21 - 25 Dec 2026London, United Kingdom£4,200
18 - 22 Jan 2027Paris, France£4,500
15 - 19 Feb 2027Frankfurt, Germany£3,250
15 - 19 Mar 2027Barcelona, Spain£3,850
19 - 23 Apr 2027Frankfurt, Germany£3,250
17 - 21 May 2027Rome, Italy£4,250
21 - 25 Jun 2027Kuala Lumpur, Malaysia£2,250
19 - 23 Jul 2027Barcelona, Spain£3,850
16 - 20 Aug 2027Geneva, Switzerland£5,250
20 - 24 Sep 2027Paris, France£4,500
18 - 22 Oct 2027Frankfurt, Germany£3,250
15 - 19 Nov 2027Barcelona, Spain£3,850
20 - 24 Dec 2027Frankfurt, Germany£3,250
London Leadership Management InnovationRegister at llmi.uk/course/cyber-risk-quantification