In the era of digitization, the concept of cyber security, breaches, threats, and unknown vulnerabilities are quite common. The threats are continually evolving; thus, it becomes essential to review your risks and take appropriate measures to protect organization's assets.
Any cyber security approach you implement is based on your organization's risk profile and you need not have to waste your time and effort in addressing irrelevant threats. Implementing cyber security risk management will enable you to take a systematic approach to handle your risks.
With an ever-increasing rise in cyber security threats globally, enterprises are more reliant on technology than ever before. If not addressed, business-critical information could be at stake.
Cyber Security Risk Management takes the idea from the real-world risk management and then applies it to the cyber world. It involves recognizing risks and vulnerabilities and taking appropriate actions to ensure your organization is protected at all times. It also determines how to prioritize the threats and respond to them.
Cyber security risk management encompasses everything that relates to safeguarding organization's sensitive data, personal information, intellectual data, protected health information, and personally identifiable information from unauthorized theft and damage.