Action Plans: Forecasting

⇤ Remediation Strategy

What is Forecasting?

Forecasting is an analytics tool that observes patterns and projects possible future ratings by extracting information from existing data sets. It provides forecast scenarios and a forecast of your risk assessment.

• A forecast is based on the security performances of organizations, worldwide.
• Provides 2 years of data: 1 year of historical data and 1 year that shows a projection of the upcoming year’s level of security performance.
• Based on our current security rating algorithm. We periodically makes changes to the rating algorithm. Changes to the rating algorithm will also impact future ratings.

Use Cases

• Set security progress expectations with senior leadership and build strategies around resource allocation and technology implementation.
• Create scenarios, which are projections of your goals, to help you align your resources.
• Your risk manager can share with other groups (finance, sales, and other areas where risk could be impacted) and open up discussions to help change the way security is funded.
• Minimize ambiguity and provide credibility on the level of risk.
• Hold third parties accountable to a commitment.

Learn how to generate a forecast and define scenarios and review the guide to effectively use Forecasting.