Cyber Risk Quantification (IMCS-028) Training Course

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 or online

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

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.

Can I take Cyber Risk Quantification online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 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.

Cyber Risk Quantification

Course overview

Course outline

Dates and fees

Frequently asked questions

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