A Dollar is a Dollar. So Why Do You Treat Them Differently? If your company loses $1,000,000 because a hacker breached a firewall, the market panics. If your company loses $1,000,000 because of bad vendor contract renewals or operational drift, the market shrugs. Mathematically, the loss to your Valuation and EBITDA is identical. Yet, inside the Boardroom, these risks are treated with two different sets of physics. Operational Risk  is treated with math (spreadsheets, forecas