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5 Steps for Proactive Cyber Risk Management

  • 5 Steps for Proactive Cyber Risk Management-

    Understand the Supply Chain Is a Risk as Well

    Third parties of any sort — including any and all software providers, business associates, contractors and subcontractors — may expose you to cyber risk that could be potentially harmful or even catastrophic for your organization. But you can put a number of controls in place to help soften the potential fallout such as:

    • Identify all critical third parties
    • Assess the risk of each critical vendor
    • Write detailed security expectations into each vendor contract
    • Continuously monitor third parties
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5 Steps for Proactive Cyber Risk Management

  • 1 | 2 | 3 | 4 | 5 | 6 | 7
  • 5 Steps for Proactive Cyber Risk Management-4

    Understand the Supply Chain Is a Risk as Well

    Third parties of any sort — including any and all software providers, business associates, contractors and subcontractors — may expose you to cyber risk that could be potentially harmful or even catastrophic for your organization. But you can put a number of controls in place to help soften the potential fallout such as:

    • Identify all critical third parties
    • Assess the risk of each critical vendor
    • Write detailed security expectations into each vendor contract
    • Continuously monitor third parties

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.