Tips For Effective Cybersecurity Risk Management - PowerPoint PPT Presentation
Title:
Tips For Effective Cybersecurity Risk Management
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Cybersecurity risk management is an uphill task that does not fall under the sole purview of the IT security cell, it requires the combined efforts of an entire organization. – PowerPoint PPT presentation
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Title: Tips For Effective Cybersecurity Risk Management
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Tips For Effective
Cybersecurity Risk Management
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INTRODUCTION
- Cybersecurity risk management is an uphill task
that does not fall under the sole purview of the
IT security cell, it requires the combined
efforts of an entire organization. - With all information transitioning into digital
content and all aspects of our life being
controlled by the digital world, the security
risks are daunting. - Digital risk management platform has to navigate
its way through an intricate obstacle course in
order to protect the digital assets of an
organization.
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Tips to achieve effective cybersecurity risk
Management
- Establish a culture for cyber security
- Outline a risk assessment plan
- Prioritize risks
- Focus on speed
- Create an incident response plan
- Study the threat environments
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Establish a culture for cyber security
- This is the most basic step towards an effective
cyber threat management platform. - An organization should take initiative to
establish a culture that is focussed on cyber
security. - This step should include the entire organization
right from the part-time workers to the
executives.
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Outline a risk assessment plan
- Assessing risks is a crucial step towards a good
cyber risk management platform. Here you have to
take the following steps- - Identifying all the digital data of the
organization, including stored and intellectual. - Identifying external and internal cyber threats.
- Assessing the impact ( financial and others)
- Ranking the risks according to the likelihood of
them occurring.
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Prioritize risks
- There is no way that an organization can protect
itself from all possible sources of cyber
attacks. - So the need here is to prioritize the risks in
terms of probability of occurence and level of
impact.
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Focus on speed
- Immediate action is a necessity when you are
under cyber attack. - A good cyber threat intelligence platform will
focus on speedy solutions since the longer you
take to respond, the more damage it can cause.
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Create an incident response plan
- Once you have identified potential risks, you
need to outline the methods of dealing with the
threat and also name the person who has to deal
with it. - This plan needs to be properly coded and passed
on to the appropriate person, if the person in
charge resigns.
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Study the threat environments
- High-level executives need special training to
understand the cyber threat environments around
them. - Whaling attacks can happen through public
profiles on Facebook. - These attacks target high level executives and
steal sensitive information from them. - If the employees are trained properly, they will
be aware and react accordingly.
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CONCLUSION
- Today, third party vendors also have to access
the digital information of an organization. - This along with the onset of cloud services has
made the task of cyber risk monitoring platform
very tough. - The pandemic too has contributed to the
requirement of an effective digital threat
intelligence solution that can tackle the issues
of unsecured networks and undefined security
protocols.
