5 Steps for Proactive Cyber Risk Management

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Prioritize Riskiest Assets

Every organization has a ton of important data, but not all of it is prioritized as being "material data" — a.k.a. the "crown jewels" of your organization. Depending on your line of business, this could be a number of different things — customer data, intellectual property or trade secrets.

Examining your cyber risk — or the cyber incidents that could have a significant economic impact on your organization — is the key first step to proactive cyber risk management. So if you agree that your material data is the most important thing to protect in your organization, you need to decide how you're going to fend off anyone who tries to compromise it. If you start from this point and work backward, you can put together a solid cyber risk management program.

There are many questions a CEO must answer, one of the biggest being, "How prepared are you to fend off a cyber attack?" According to the 2015 Global Cybersecurity Status Report from ISACA, only 38 percent of global organizations feel they are prepared for a sophisticated cyber attack. Companies need to be more proactive in their cybersecurity defenses, preparing for possible future issues.

In this slideshow, BitSight Technologies offers five critical steps every company should take to be proactive in their approach to cybersecurity.


Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

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