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Risk management is a fundamental principle of cybersecurity. 

It involves identifying your risks and vulnerabilities and applying administrative actions and comprehensive solutions to make sure your organization is adequately protected.

In general, an organization needs to determine what assets it needs to protect and prioritize them before setting up a cybersecurity risk management system. According to the National Institute of Standards and Technology (NIST) in its Framework for Improving Critical Infrastructure Cybersecurity, there is no one-size-fits all solution. Different organizations have different technology infrastructures and different potential risks.

Some organizations such as financial services firms and healthcare organizations, have regulatory concerns in addition to business concerns that need to be addressed in a cybersecurity risk management system.

That said, cybersecurity should follow a layered approach, with additional protections for the most important assets, such as corporate and customer data. It’s very important for organizations to always keep in mind that reputational harm from a breach can do more damage than the breach itself.

Most experts in this area recommend that organizations have fully documented and implemented procedures for all activities that may create cybersecurity risks. Corporate cybersecurity programs should be based off industry leading practices in line with ISO 270001/2.

Typical programs include hardware and software implementations that have change management oversight and non-production testing and evaluation.

Also recommended is to start with a cybersecurity framework developed from each area of the business to determine what the desired risk posture of the business should be. It’s best to use new technologies that can find and map data across the enterprise. Once data is mapped, organizations make better decisions on how that data is governed and reduce their risk footprint.

Want to know more? Tonex offers Fundamentals of Threats and Risk Management Training, a 2-day course where participants learn the history behind cybersecurity and requirements of a secured network in the modern cyber world. The training also helps you to understand the common threats and attacks as well as the results of each attack on security and reliability of a network.

Additionally, Tonex offers nearly three dozen more courses in Cybersecurity Foundation. This includes cutting edge courses like:

Automotive Cybersecurity Training (3 days)

Disaster Recovery and Business Continuity Training (2 days)

Network Security Training (2 days)

Software Security Training (2 days)

ICS Cybersecurity Training (4 days)

For more information, questions, comments, contact us.

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