Calibrating a Cyber Loss Model to One Environment
A model built on industry data produces an industry answer. The obvious next step is to calibrate it to the specific environment, and the obvious place to start is the threat picture, because every organization believes its own is distinctive. It is the wrong parameter to start with. Some inputs should stay general, some must be local, and the ones that must be local are the harder ones to observe, which is why they get left at a default.