Incidents such as data breaches and leaks have been growing in number year after year. The aftermath of these incidents can potentially devastate any business, regardless of what industry you’re in or how big your company is. It should go without saying that avoiding and/or promptly resolving a cyber attack is crucial to business continuity and success, but that task is easier said than done. Formulating a proactive risk management plan can result in risk reduction and improved cyber security.
Risk management is a plan of action created for the purpose of reducing the odds of your organization succumbing to a malicious attack or accident in the future. Essentially, it’s a roadmap your team can follow to improve risk mitigation. Because threats are constantly changing and evolving, a proper proactive risk management plan needs to be an ongoing process. A crucial part of a good proactive risk management strategy is performing risk assessments.