Cyber security risk management processes

Why is managing your Cyber-Risk so much harder than before?

Let me count the ways, everything moving to the Cloud, Work from home, Regulation, Big data but not only these obvious factors, its simply become a lot more sophisticated than ever before. 

One of these complexities, is everyone and their dog including every 3rd party vendor wants to connect with you, and they have access to your sensitive data. Its simply just become overwhelming! A Ponemon Institute’s study revealed some startling facts regarding the Third Party Risk.

Opus & Ponemon Institute Announce Results of 2018 Third-Party Data Risk Study: 59% of Companies Experienced a Third-Party Data Breach, Yet Only 16% Say They Effectively Mitigate Third-Party Risks

 With reduced budget and IT teams – there is simply no time, money or people you can throw at the problem. And frankly that way of thinking never really did work. A fool with a tool is still a fool.

A simplistic way to look at it but its true, so many organsations have spent millions to defend against attacks only to find out that the simplest of policies on their security software was not configured.

 Where do you begin? One of the easiest ways to start is to establish a Cyber Risk Management Process.

The Cybersecurity Risk Management Process

First identify the risk, what you are dealing with? Then assess the risk and determine what is the likelihood of that threat being exploited and what is the potential impact to the business? Your risks need to be prioritized once they have been identified. Next choose various mitigating strategies depending on the threat. Last step is Monitoring, this step is linked to risk response and controls.

 The good news for organisations of all sizes looking to assess their risk level is that there is a lot of help available. You can go it alone by using The National Institute of Standards and Technology (NIST) Framework for Cybersecurity. This framework integrates industry standards and best practices to help organizations manage their cybersecurity risks .

@TRG we assist organisations to implement and test their compliance to their security framework. The framework not only helps organizations understand their cybersecurity risks (threats, vulnerabilities and impacts), it also helps them reduce these risks with practical measures. Thus, allowing an organisation to get back on its feet sooner.

 Companies from around the world have embraced the use of the NIST Framework, companies such as JP Morgan Chase, Microsoft, Boeing, Intel, Bank of England, Nippon Telegraph and Telephone Corporation, and the Ontario Energy Board.

•  At TRG we provide Cybersecurity Solutions, backed by a 24/7 Security Operation Centre (SOC) and our Network Operation Centre (NOC), to remediate and ensure your vulnerabilities are reduced, and your environment is hardened to resist any threats making their way into your organisation.
• Don’t allow your organisation to be at a risk of a cyber-attack which could damage both your reputation and growth.
• Let TRG Security ease the challenge of facing the ever-changing threat landscape.
• Discover our range of specialist security solutions and services to reduce the burden and enhance your organisation’s cyber resilience.
• Contact us TODAY for a DEMO on our services and solutions.

sales@trg.co.za