Cyber risk management is something that should support your companies’ objectives and goals, not obstruct them. It can be used to set limits on risks that are and are not, acceptable with regards to technology use.
In doing so, cyber risk management can focus your attention on minimising risks in technologies or processes you need to use whilst allowing you to remove those that present unacceptable risks and seek safer alternative. E.g., Preventing use of file sharing platforms that have no security controls in favour of those that do.
A detailed risk assessment process is not always the best approach to take, this can depend on many factors such as the size of your business or the nature of the risk you wish to evaluate and understand. For instance, establishing a baseline of your security posture can be accomplished using Cyber Essentials (CE) assessments. Whilst CE is a great starting point for any business, it is limited to the elements covered by the scope of the CE scheme – the individual risks to individual businesses need to be evaluated for a risk management strategy to be tailored for a specific business.
All the other elements in the 10 steps paradigm feed into the risk assessment and information from each of them is typically used to build a complete picture of risk for your organisation or business and to help you to understand the levels of risk.
The more you embrace the 10 steps, the lower your security risk becomes. The consequences of not investing in sufficient cyber security can be costly – cyber insurance policies are increasingly requiring companies to be able to demonstrate how they are managing cyber security risks for policies to be valid.
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Solutions that can Help your Business with Risk Management
Network Device Discovery & Identification
The use of products that give you visibility to devices connected to your environment, such as Forescout and MS Defender for Cloud and IoT, ensuring they are connecting in a secure way, and identify devices that could present significant security risks through the use of Chess Vulnerability Assessments
Security Posture Review
Conducting a detailed review of your security posture allows you to pinpoint areas of significant risk and allow you to manage those risks by building defences and taking action to minimise the risks. Chess can assist in this area through the use of Cyber Essentials assessments, Penetration Testing, Red team exercises, Microsoft 365 health checks and secure workshops.
Need advice, support or more information?
At Chess, we have a dedicated team of Cyber Security specialists and are backed by our award-winning vendors with decades of experience in most deployment scenarios. If you would like to discuss your cyber security needs, please book your free consultation.