Evaluating various approaches to cyber risk quantification can help inform the development of a public standard for measuring cybersecurity.
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How do we quantify safety and security? That fundamental question underlies almost all modern national security questions (and, naturally, most commercial questions about risk as well). The cost-benefit analysis inherent in measuring safety and security drives decisions on, to cite just a few examples, new car safety devices, airplane maintenance schedules and the deployment of border security systems. In a world where resources are not infinite, some assessment of risk and risk mitigation necessarily attends any decision—whether it is implicit in the consideration or explicit.