Cybersecurity Risk Management – 6 Best Practices

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

Here we look at the best practices for effective cybersecurity risk management.

1.     Audit Your IT & Cybersecurity Risk Solutions Infrastructure

How can you know what challenges to address without knowing what you have?

Auditing your IT environment is a little like a SWOT analysis. What are your strengths, weaknesses, opportunities, and threats? You must be clear on the assets you already have, what you need to protect most and address areas where critical security structures might be lacking.

Many components to consider, including data, networks, systems, technology, and even BYOT devices, can be troublesome if you do not have a pertinent cybersecurity risk management plan.

Your IT environment requires constant monitoring and prioritization as it’s never a “set and forget” operation, especially as you adopt 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 infrastructures but no documented plan to go along with it. In April 2020, CISOMAG said 60% of small businesses don’t have a cybersecurity policy. That should give you pause.

If you don’t have a documented cybersecurity risk management plan, even if you’re working with your team and asking them to implement security procedures, things aren’t being done the way you think they are.

In an incident, cybersecurity risk solutions rise and fall on plans and how well they’re

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