In recent years, a confluence of circumstances has led to a sharp rise in IT risk for many organizations.
That's why a proactive approach to seeing, understanding, and acting on risk is key to improving the effectiveness of defenses in place to meet compliance standards - helping organizations enhance cyber resilience today and tackle the challenges of tomorrow.
To protect your organization, you need to go beyond compliance and actually assess your risk and put practices into place to prioritize remediation to propel your business forward.
This approach is no longer sufficient to reduce risk.
Understand the effectiveness of your compliance and risk activities.
Understanding the need to shift from compliance to risk management is one thing but carrying it out is quite another.
When choosing risk management technology, it's important that the platform supports a strategy of defining risk within a business context.
Your organization's risk management platform should provide information beyond the typical compliance status report.
Look for reporting capabilities that provide the context necessary to understand the progress and effectiveness of your compliance programs and their impact on reducing risk.
This level of detailed reporting gives your risk managers the visibility they need to prioritize activities that strengthen compliance and reduce risk and can help you better understand how risk remediation efforts are progressing.
A report that quantifies risk assessments by category and score can help identify the areas needing attention, so that you can focus your resources on the areas negatively impacting your risk posture.
The most security-conscious organizations understand that cybersecurity is an ever-evolving risk that must continuously be considered and monitored.
By taking a broader, risk-based approach tying risk to business outcomes, instead of a more limiting compliance-based approach, organizations can improve their cybersecurity.
Deliver better outcomes with a strategic approach to risk.
Compliance and risk are essentially two sides of the same coin but with different focal points.
Such an approach puts cyber risk in a business context so that CISOs and CIOs can tie risk to the business objectives prioritized by the C-suite and Board.
They need visibility into the organization's overall risk and compliance posture that breaks down the silos that cause inefficiencies, gaps, and blind spots.
Automation capable of facilitating a continuous, near real-time view of the organization's risk profile is key to delivering better outcomes with less effort.
A risk-centric risk management approach builds trust among customers and business partners, ultimately supporting your go-to-market initiatives.
She develops and executes strategy and objectives for the Go-To-Market function, innovates and designs new solutions for the risk management market, and evangelizes the benefits and value of cyber risk management.
This Cyber News was published on www.cyberdefensemagazine.com. Publication date: Fri, 05 Jan 2024 06:13:06 +0000