Risk Management

10 Steps to Cyber Security

Risk Management

Risks are a natural part of any business, as is managing the risks that represent a threat to your business be they from competitors, shifts in market trends or as is increasingly the case, cyber threats.

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 – for example, preventing use of file sharing platforms without 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 assessments. Whilst Cyber Essentials is a great starting point for any business, it is limited to the elements covered by the scope of the scheme – the specific 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.

Solutions for Risk Management

Network Device Discovery & Identification

The use of products that give you visibility to devices connected to your environment, such as Forescout and Microsoft 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 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. CyberLab can assist in this area through the use of Cyber Essentials assessments, Penetration Testing, Red Team exercises, Microsoft 365 health checks and secure workshops.

Protect Your Data. Secure Your Organisation.

Managing Cyber Risks

Adam Gleeson, Cyber Security Vendor Alliance Manager at CyberLab, explains what risk management is and why it is important for businesses that are looking to increase their cyber security.
  • What is cyber risk management?
  • Five steps of Cyber Risk Management

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