Remove Acceptable Risk Remove Continual Improvement Remove Gap Analysis
article thumbnail

5 Steps towards an Actionable Risk Appetite

LogisManager

Risk tolerances, on the other hand, set acceptable levels of variation in performance that can be readily measured. For example, a company that says it doesn’t accept risks that could result in a significant loss of its revenue base is expressing a risk appetite. Risk Appetite. Risk Tolerance.

article thumbnail

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

You continually improve the detection processes. You mitigate newly identified vulnerabilities or document them as accepted risks. Conduct a Gap Analysis Compare your current cybersecurity practices against the NIST requirements. Develop an Action Plan Prioritize the gaps identified based on risk assessment.

article thumbnail

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

You continually improve the detection processes. You mitigate newly identified vulnerabilities or document them as accepted risks. Conduct a Gap Analysis Compare your current cybersecurity practices against the NIST requirements. Develop an Action Plan Prioritize the gaps identified based on risk assessment.