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The Failure of Risk Management: Why it's Still Broken and How to Fix It
Drawing on ideas in Hubbard’s book, How to Measure Anything in Cybersecurity Risk, this session will completely change how you look at assessing risk in cybersecurity as well as some new topics in his upcoming 2nd edition for The Failure of Risk Management: Why It's Broken and How to Fix It. He will discuss why the most popular methods in risk assessment are merely a placebo and how even simple quantitative methods are shown to improve estimates and decisions. Even with limited data, quantitative models outperform unaided intuition while risk matrixes are shown to add - rather than reduce - error in expert estimates. A simple quantitative solution will be presented which will allow for many more advanced techniques to be added depending on the needs of your organization.

Jul 25, 2019 02:00 PM in Eastern Time (US and Canada)

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Doug Hubbard
Owner & Author @Hubbard Decision Research
Douglas Hubbard is the founder of Hubbard Decision Research (HDR). He is the author of How to Measure Anything: Finding the Value of Intangibles in Business, The Failure of Risk Management: Why It’s Broken and How to Fix It, Pulse: The New Science of Harnessing Internet Buzz to Track Threats and Opportunities and his latest book, How to Measure Anything in Cybersecurity Risk (Wiley, 2016). He has sold over 100,000 copies of his books in eight different languages. Two of his books are required reading for the Society of Actuaries exam prep. In addition to his books, Mr. Hubbard has been published in several periodicals including Nature, The IBM Journal of Research and Development, The American Statistician, OR/MS Today, Analytics, CIO, and Information Week. Mr. Hubbard’s experience in quantitative management consulting totals over 30 years and spans many industries including insurance, financial services, pharmaceutical, healthcare, utilities, energy, federal and state government.