Risk quantification is the process of measuring and expressing the potential impact of identified risks in financial or operational terms. This approach allows organizations to assign numerical values to risks, such as potential losses or downtime, enabling more informed decision-making. By quantifying risks, businesses can prioritize mitigation efforts, allocate resources effectively, and demonstrate the value of cybersecurity investments to stakeholders. Techniques for risk quantification may include statistical analysis, modeling, and scenario-based assessments. Ultimately, risk quantification transforms abstract threats into concrete data, supporting a proactive and strategic approach to cybersecurity risk management.