Cyber security Risk Assessments: What You Don’t Know Can Hurt You

Cyber security risks are among the most significant threats faced by organizations today. You can scarcely pick up a newspaper without reading about the latest data breaches and the staggering costs they entail. Business leaders are well aware of the hazards — recent surveys indicate that cyber security is a top priority for CEOs and CIOs alike. But ask business owners or executives about their cyber security strategies, and all too often the answer is that they don’t know where to start.

What’s the obstacle? In most cases, the problem is that business leaders “don’t know what they don’t know.” In other words, they have a general understanding of cyber security risks but they haven’t identified risks specific to their organizations. Without pinpointing and quantifying their organizations’ actual vulnerabilities, it’s impossible to formulate and prioritize strategies for addressing them.

Another stumbling block is that many leaders view cyber security risks strictly as a technology issue. But these risks are inextricably linked to other enterprise risks, including financial, compliance, operational, and reputational risks. So it’s critical for organizations to incorporate cyber security risks into their overall risk management programs.

Cyber security Risk Assessments