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The SINET
Risk Executive Handbook

It is with great pleasure that we present to you the SINET Risk Executive Handbook on Establishing an Organizational Cybersecurity Risk Appetite. This Handbook presents a proactive, measurable, and flexible risk appetite framework that moves beyond traditional financial limits. It aligns risk appetite and tolerance with broader business objectives and enterprise risks — strategic, operational, reputational, compliance, and financial.

This Handbook is developed for Risk Executives across industries to develop meaningful Cyber Risk Appetite statements using both qualitative and quantitative metrics that guide decision-making and resource allocation. It is not a one-size-fits-all document tailored to every job or industry, but rather an overarching patchwork of areas for consideration. 

Focusing solely on Cyber Risk as a distinct competency and recognizing its impact on the entire organization, this framework emphasizes the crucial relationship between risk tolerance and risk appetite. It defines acceptable risk levels within the context of business goals, advocating for a balanced approach, clear escalation triggers, and specific events that necessitate a review of risk materiality.

This Handbook was developed in collaboration with CISOs across various industries whose collective expertise and insights have been instrumental in shaping this comprehensive resource. We hope to provide a platform for the greater SINET Community to foster a deeper understanding of risk management and practical guidance in your current role.