Cybersecurity Risk Matrix

The Cybersecurity Risk Matrix is a strategic tool used to evaluate and prioritize cybersecurity risks based on their likelihood and impact. It helps organizations identify which risks require immediate attention and resources, and which can be monitored over time. This matrix assists in making informed decisions to enhance the overall security posture of the organization.

At a very high level, the Cybersecurity Risk Matrix is used in the context of business, cybersecurity, risk management.

Cybersecurity Risk Matrix quadrant descriptions, including examples
Want to try this template?
Other Templates

What is the Cybersecurity Risk Matrix?

A visual explanation is shown in the image above. The Cybersecurity Risk Matrix can be described as a matrix with the following quadrants:

  1. High Impact, Low Likelihood: Severe but unlikely risks; e.g., a sophisticated state-sponsored cyber attack.
  2. High Impact, High Likelihood: Severe and likely risks; e.g., ransomware attacks targeting critical infrastructure.
  3. Low Impact, Low Likelihood: Minor and unlikely risks; e.g., a low-level phishing attempt.
  4. Low Impact, High Likelihood: Frequent but minimal impact risks; e.g., regular but non-damaging malware infections.

What is the purpose of the Cybersecurity Risk Matrix?

The Cybersecurity Risk Matrix is a 2x2 grid that categorizes risks into four quadrants based on their likelihood of occurrence and potential impact on the organization. The matrix helps businesses prioritize their cybersecurity efforts by focusing on the most critical risks first.

In the top-left quadrant (High Impact, Low Likelihood), risks are severe but unlikely to occur. These risks should be monitored and have contingency plans in place. An example might be a sophisticated state-sponsored cyber attack.

In the top-right quadrant (High Impact, High Likelihood), risks are both severe and likely to occur. These are the highest priority and require immediate action and significant resources to mitigate. An example could be ransomware attacks targeting critical infrastructure.

In the bottom-left quadrant (Low Impact, Low Likelihood), risks are minor and unlikely to occur. These can be monitored with minimal resources. An example might be a low-level phishing attempt.

In the bottom-right quadrant (Low Impact, High Likelihood), risks are frequent but have minimal impact. These should be managed efficiently to prevent them from becoming more severe. An example could be regular but non-damaging malware infections.

By using the Cybersecurity Risk Matrix, organizations can allocate their cybersecurity resources more effectively, ensuring that the most significant threats are addressed promptly while maintaining awareness of less critical risks.


Want to try this template?

What templates are related to Cybersecurity Risk Matrix?

The following templates can also be categorized as business, cybersecurity, risk management and are therefore related to Cybersecurity Risk Matrix: Product-Market Matrix, 4 Ps Marketing Mix Matrix, AI Capability-Value Proposition Alignment Matrix, AI Innovation-Value Alignment Matrix, AI Maturity Matrix, AI-Value Proposition Alignment Matrix, AI-Value Proposition Matrix, AIDA Marketing Matrix. You can browse them using the menu above.

How can I use Cybersecurity Risk Matrix in Priority Matrix?

You can get Cybersecurity Risk Matrix in your Priority Matrix in just a moment:

  1. Click to sign in or create an account in the system
  2. Start adding your items to the matrix
  3. If you prefer it, download Priority Matrix and take your data with you

Learn more about Cybersecurity Risk Matrix, and get free access to lots of other templates, at templates.app. Once you are comfortable with the document, you can easily export to Excel, if you prefer to work that way.

If you have any questions and you can't find the answer in our knowledge base, don't hesitate to contact us for help.