Aspiring to have the best cyber and information security capabilities is probably not the main goal for most organizations. An airline’s primary aim, for example, is to ensure that passengers are safely transported from point A to point B. The priority for an oil and gas company is to extract and refine sources of energy to be sold. Neither exist to only protect servers and IT infrastructure.
The Changing Cyberthreat Landscape
Even so, cybersecurity has become a critical issue across all industries to assist in achieving those key missions and must be discussed at the board level. This is partly due to an increase in regulations across different jurisdictions, defining how data and information assets must be protected and used. In addition, interconnected systems, emerging technologies such as the internet of things (IoT) and the migration to cloud-based services pose significant cybersecurity challenges. The cyberthreat landscape is rapidly changing and expanding, which exposes a new set of risks to organizations irrespective of the industry.
Grow Your Business With Cyber Risk Management
Enter cybersecurity risk management — the process of capturing, analyzing and prioritizing an organization’s top cyber risks. A risk is an uncertain event that has not yet occurred. It is assessed based on the likelihood of a threat occurring versus the adverse impact should it actually occur. The output of this calculation is known as the residual risk.
The implementation of an effective risk management framework provides a platform for IT security teams ..
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