Cyber Risk Analytics Project Review Workshop

The purpose of this workshop is to review with participants, sponsors, and key interested parties the findings and lessons learned from a two-year long NIST and GSA-sponsored Cyber Risk Analytics project. A team composed of professionals from the University of Maryland (UMD), Zurich Insurance, and Beecher Carlson completed the following activities:

• Developed and field tested, with collaboration of NIST, a secure, online self-assessment tool, based on the Cybersecurity Framework; 
• Created a breach database for survey participants by integrating the breach datasets from Advisen, RBS , the Identity Theft Resource Center, and the Center for Business and Ethics at the University of Maryland; 
• Conducted a rigorous statistical analysis to search for significant relationships between performance results in different areas of the self-assessment tool and frequency of breaches (disaggregated by breach type). The objective was to determine specific actions initiated by the survey participants were directly associated with a reduced frequency of breach occurrence during the study period.