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A brief guide to cyber security risk assessments

IT Governance BC

Cyber security risk assessments are essential for organisations to protect themselves from malicious attacks and data breaches. But what exactly does a risk assessment do? In the example above, organisations would almost certainly address any risk that scored 12 or more but accept risks that scored 3 or less.

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Risk Management Process – Part 3c: Risk Control

Zerto

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

They include process and procedural robustness and integrity; people, skills, and training; insurance and self-insurance; the supply chain, outsourcing, and inherent risk; infrastructure, systems, and telecommunications; and physical and information security. Transferring risk. Accepting risk.

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Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

MHA Consulting

This is so whether the company is applying some combination of the four main risk mitigation strategies (risk acceptance, risk avoidance, risk reduction, and risk transfer) or implementing such specific measures as installing a backup power generator or requiring the use of secure VPNs.

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How to Offload Your Risk to a Third Party

MHA Consulting

. · Risk avoidance: Altering organizational behavior to eliminate a given risk. Risk limitation: Taking measures to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance.

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These 8 Risk Domains Are the Meat and Potatoes of Risk Management 

MHA Consulting

First, risk management is not about being Chicken Little worrying that the sky falling; it’s about being mature, practical, and proactive in actively managing down risk to make the organization and its stakeholders more secure. For more on those strategies, click here and here.)

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SOC 2 vs ISO 27001: Key Differences Between the Standards

Reciprocity

SOC 2 and ISO 27001 complement each other by giving you a strategy for securing your information landscape and for demonstrating the security of your environment. Designed by the International Standards Organization (ISO), ISO 27001 spells out industry standards for an information security management system (ISMS).

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