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Cyber Security Risk Management involves systematically identifying, assessing, and mitigating risks to an organization’s digital assets, systems, and information.
The journey begins with identifying potential risks and vulnerabilities within your organisation. This includes scrutinising your digital infrastructure, applications, personnel, and policies to pinpoint possible weak points.
Once risks are identified, they are evaluated in terms of their potential impact and likelihood. This step helps prioritise which risks require immediate attention and allocation of resources.
Strategies and controls are then implemented to reduce the likelihood of an attack and limit the damage if one occurs. This might involve implementing security protocols, firewalls, encryption, and educating employees on best practices.
Continuously monitoring the IT environment is critical to promptly detect and respond to any unusual activities or security breaches. Rapid response is vital to minimise the damage caused by an attack.
Cyber Security Risk Management is an ongoing process. Regularly reviewing and updating your security measures ensures that your organisation remains resilient despite evolving threats.