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Effective risk management is the key to any successful security management
program. By reviewing and understanding your current risk posture and aligning
the organisation against industry best practice and market security
recommendations you can implement a cost effective and simple risk management
framework.
Every organisation has a unique risk profile and although they may be similar to
others, their appetite for risk as well as existing systems, data and threats,
changes for each client. An effective risk management program takes into account
your current security posture and ensures that relevant processes, policies and
frameworks have been implemented within the organisation.
Within the information security field, a number of teams talk "risk" or
"technical risk". Although this is important, for an organisation to be
successful, consideration for the true business risk that takes technical risk
into account is needed. Although something may have a high technical risk, it
may present a low business risk to the organisation. With this in mind, it is
important to consider both aspects, business and technical, as a part of any
successful program.
Another side of risk management often forgotten is managing risk associated with
data. Ultimately, organisations use security and systems to protect the data
they use and maintain. An effective risk management needs to take into account
the data held by the organisation and the effective cost/use of the data. This
information is a critical part of any successful risk management strategy.
If you need help in understanding your security posture and current risk
management frameworks, we recommend conducting a maturity assessment to
determine your current security posture. From here, we can roadmap a plan to
implement an effective risk management strategy.
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