Why Should Business Owners, Board Members and Managers Conduct a Cyber Risk Assessment?

 Why Should Business Owners, Board Members and Managers Conduct a Cyber Risk Assessment?

Your company or organization is at serious risk of experiencing cyber intrusions unless you use computer security practices that assure the confidentiality, integrity and availability of information.

The threats against your digital assets and information infrastructure are continuing to expand. It’s the same story for everyone. Peças de computador  The methods used by cybercriminals are growing in sophistication and their ability to succeed to steal, damage or alter your valuable information is increasing.

Law enforcement is without the ability to stop this massive crime wave.

The law has addressed, however, who has the responsibility of preventing cyber intrusions. It has been placed squarely on the shoulders of those who process and store confidential information. Most organizations normally have a fiduciary responsibility to stockholders, customers or members. Data privacy laws now clearly place the blocking of unauthorized disclosures of confidential information within the scope and duties of the boards of directors and policy makers everywhere.

Assuring digital information must now be treated as a business process.

Boards of directors and top management can take a number of actions to limit the harm that can come to the organization as a result of a cyber intrusion. Among the most important actions you can take is to conduct a cyber risk assessment. It includes:

1. Developing an understanding of the organization’s cyber threat environment
2. Conducting an analysis of the organization’s threats and vulnerabilities
3. Assessing the maturity of the organization’s information assurance plan within the context of maintaining business continuity

The National Institute of Standards and Technology suggests that the goal of a cyber risk assessment is for the organization or association to understand the scope of threats and vulnerabilities associated with business operations (including mission, functions, image or reputation), organizational assets and individuals.

A cyber risk assessment should attempt to objectively assess the chances and consequences of an unauthorized disclosure of an organization’s confidential information. A governing authority, with such information in hand, can decide to accept the risk, develop and use direct countermeasures, or transfer their risk.

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