Cybersecurity Risk Management – 6 Best Practices – CybersecurityNews | Region & Cash

Cybersecurity risk management and best practices are critical to ensure your organization’s cybersecurity based on identified risks and vulnerabilities. These risks need to be prioritized and systematically addressed with the right technologies and security controls.

Here we look at the best practices for effective Cyber ​​Security Risk Management.

1. Assess your infrastructure for IT and cybersecurity risk solutions

How can you know what challenges need to be addressed without knowing what you have?

Auditing your IT environment is a bit like a SWOT analysis. What are your strengths, weaknesses, opportunities and threats? You need to be clear about what assets you already have, what you need to protect most, and address areas where critical security structures may be missing.

EHA

Many components to consider, including data, networks, systems, technology, and even BYOT devices, can be problematic if you don’t have an appropriate cybersecurity risk management plan in place.

Your IT environment requires constant monitoring and prioritization as it is never a “set and forget” process, especially as you introduce new security measures and applicable technologies.

2. Develop a cybersecurity risk management and best practices plan

It’s not uncommon for companies to have cybersecurity infrastructure in place but no documented plan for it. In April 2020, CISOMAG said that 60% of small businesses do not have a cybersecurity policy. That should make you think.

If you don’t have a documented cybersecurity risk management plan, even if you work with your team and ask them to implement security procedures, things won’t get done the way you envision.

In case of an incident Cyber ​​security risk solutions The rise and fall of plans and how well they are executed in your organization.

3. Take a risk-based approach to cybersecurity

Organizations often introduce new cybersecurity risk management measures, assuming that once their plan is in place, there is nothing left to do and it’s “once and done” and “set and forget.” Unfortunately, this couldn’t be further from the truth.

It is quite unrealistic to think that cyber risks can be completely eliminated. You can predict, plan and reduce the risk of threats.

Cybersecurity risk management is an ongoing process where you identify risks, analyze and assess them, prioritize them and implement risk mitigation strategies with various controls.

The benefits are worth the effort, however, as cybersecurity measures can help you minimize disruption to your business, reduce operational losses, manage your company’s reputation, and more.

4. Provide employee training on your risk-based approach to cybersecurity

Your cybersecurity risk management program is woefully inadequate if it doesn’t account for human error. The weakest link in any cybersecurity strategy is people.

Whether it’s opening suspicious emails, downloading risky files, using an unsecured network, or clicking links, they shouldn’t be doing it; If your employees aren’t trained in cybersecurity, they don’t need to follow best practices.

Many of these mistakes are avoidable if your employees are trained and know what to avoid and what to watch out for.

5. Continuously adapt and iterate your cybersecurity risk management measures

Cyber ​​security risks do not remain static. As technologies improve, hackers and cyber criminals also find new vulnerabilities, exploits and methods that allow them to infiltrate your network, steal your credentials, access your sensitive data, etc.

Companies change too. You can implement new systems and technologies or update your business processes. As your business evolves, so do your security needs, and it’s easy to overlook this, especially when you assumed your cybersecurity infrastructure would be with you for many years to come.

Your processes must be checked continuously. Updates must be installed and security gaps identified. If you don’t continually adapt and iterate, you won’t save your cybersecurity risk management and best practices in the event of an incident.

6. Implement slowdown strategies

Slowing down is also known as hardening. Some even call it defense-in-depth, a term borrowed from the military. Whatever you call it, its essence remains the same.

The question is how do you slow down your attackers? How can you prevent their progress? And what is the best way to prevent them from achieving their goals?

By slowing down hackers and cybercriminals, you can catch and possibly even stop them in the act. This is also why monitoring is so important to your cybersecurity risk management plan.

While this should only be considered a starting point, here are some things you can do to slow down attackers:

● Automate software updates

● Use automated credential management, access controls, privileged access management (PAM), and similar tools

● Benefit from multi-factor authentication

● Create and test a system recovery plan

● Monitoring and active search for threats in your network with Indusface WAR

Conclusion

Cybersecurity risk management and best practices are essential. But there are times when they just aren’t enough. Real threats exist, and businesses fall victim to cybersecurity attacks. Incident response plans often include little more than a contact person, which is simply inefficient. Cybersecurity risk management must be continuously enforced to be effective.

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