How Accurate Are CRQ Models? Understanding Statistical Significance
Cyber risk quantification (CRQ) models are as accurate as the data and methodology behind them, and the conversation about CRQ accuracy that plays out across security and finance teams is often stuck on the wrong question. Risk is about future events that may or may not happen, and if they do, the impact will vary. Looking for certainty in a probabilistic model is a category error. The useful question is not whether a CRQ model produces the "right" number.