The cybersecurity threat landscape designs continues to develop, introducing fresh attack vectors and recently unknown weaknesses. As risks become more sophisticated, corporations need to ensure they’re deploying https://www.virtualdatahub.org/what-is-cyber-due-diligence a robust risikomanagement process. Whether it’s to protect client data, comply with HIPAA and GDPR or simply build trust with customers, businesses need to understand the importance of a good cyber risk management framework and how to implement that effectively.
The critical first step to any risk management process is usually to identify the assets that want protecting. This can include identifying every one of the systems and devices inside your network and which ones are significant on your business functions. This is important as it will give you an understanding of how severe the impact could be if a particular threat would be to occur.
Once your team has identified the devices, systems and data you need to give protection to, they need to determine what short-term and long term solutions you can put in place to reduce the risk. This could include changing software, teaching users, applying new IT policies, putting antiviruses on your networks and so on.
Finally, it’s critical that all stakeholders are aware of the risks your company deals with and know very well what to do in the event that an incident actuall occurs. This is why information-sharing tools just like dashboards that show your risk exposure level are a great thought. You can also consider buying a security score tool to have a single, easy-to-understand metric that nontechnical stakeholders can understand.