Customers, investors, and regulators all want assurances that boards understand the risks and are doing the utmost to ensure institutions are managing them. But cyber threat is increasing by the day. All you have to do is pick up a paper and you see the impact. It is a moving target that can only get worse
Each new cyber hack victim has a story that makes the need for cyber risk management more urgent. DataSecure strongly recommends that organizations hoping to maintain operational resilience during disruption should implement risk management. Unfortunately, that comes with many unknowns: Which risk management framework to use? Is risk management expensive? What's the return on investment? We, at DataSecure are experts with more than 80 years senior management experience in IT Risk Governance & Management. DataSecure will guide your organization out of this decision paralysis by introducing the three pillars of an enterprise risk program.
PREREQISITE: DataSecure will assist you determine the maturity of your existing risk program
Various capability maturity models measure enterprise risk management, such as the model used by the Risk Management Society (RIMs). Organizations with more mature risk management might adhere to ISO, COSO, NIST, or another standard risk management framework. Less mature programs can still improve C-suite decision making simply by having a common lexicon, understanding, and appreciation of risk management. Organizations with very low risk management maturity might not know where to begin. This is where DataSecure come in to assist with understanding your maturity level and the next phase.
Foundation for Resilience
The three pillars of robust risk management support an organization's operational resilience, or the ability to accomplish the organization's mission during disruption. Ultimately, organizations must treat risks as having their own life cycles that span the enterprise's desire to accomplish strategic goals. Even if your enterprise navigates the turbulent storm of cyber threats by luck alone, preparing for disruption builds a culture of mission focus. To maintain that focus in the midst of bigger and more frequent cyber-attacks, robust risk management and operational resilience are more important than ever.
The Four Pillars of Comprehensive Layered Security
Your first inclination might be to think in terms of technical components. However, providing security services to clients goes well beyond the individual components you choose. Instead, think in terms of “what” you’re trying to do, rather than “how” you’re trying to do it.
For example, instead of thinking about what antivirus to use, consider it within the broader context of your threat detection capabilities. Doing so allows you to systematically build defenses for any business.
DataSecure uses the following four pillars to develop your layered security program: