Cybersecurity Solutions

In cybersecurity terms, a “risk” represents how much harm a threat or vulnerability can cause to your personnel, clientele, and other stakeholders. The role of risk control in risk management is to proactively prevent and mitigate these threats, keeping an organization secure.

Millions of customer and patient records are exposed every year as a result of ongoing data breaches that target every industry imaginable. A foolproof data breach management policy can help your team respond to these events, even mitigating some attacks from ever occurring in the first place—as long as everyone in your team is on the same page.

Implementing an integrated risk management process comes down to the following steps:

• Installing cybersecurity architecture to minimize risk development
• Monitoring for, identifying, and prioritizing risks for mitigation
• Addressing and completely resolving incidents as they appear
• Maintaining regulatory compliance in the face of security risks
• Ensuring long-term security through continuity practices

Third party risk management (TPRM) depends on effective third party risk monitoring. Dramatic stakes necessitate accurate scoping, vulnerability analysis, and (ideally) advanced techniques.

Vendors, suppliers, contractors, and other strategic partners all add to the scope of your IT environment, including additional risks to be managed. Accounting for the vulnerabilities and threats that come with the territory through third party risk management is a necessity to keep all stakeholders involved secure.

Impactful, efficient third party vendor risk management comes down to five critical steps: