Cyber risks proliferate and there are a number of ways by which a cybersecurity organization can support a secure digital agenda. From supply chains and infrastructure to facilities and data, risk managers must now deal with cyber-based threats that could potentially affect an entire business on an enterprise-wide level. Be sure to read up on cyber risk insights and why cyber resilience is the best past forward.
E-Commerce security refers to the measures taken to protect your business and your customers against cyber threats. Over the past few years, cyber risk has moved from imagined hypothetical scenarios to become a threat that is both increasingly real and increasingly prevalent. While not the whole thing, cyber insurance may nonetheless be a component of a broader risk management strategy that includes identifying, measuring, mitigating, and monitoring cyber risk exposure.
As cyber criminals become more sophisticated and more transactions migrate to the online landscape, the number of threats to people and businesses will continue to grow. Using insurance data and insight to mitigate cyber-attacks and shape cyber security strategy can help you keep your business afloat following an incident, much by the same token as one might following a natural disaster or power disruption.
Our high-tech world is facing the problem of increasing dependency between products and services and, in parallel, it is witnessing the effects of disruptive industry platforms within the ecosystem. There are many packages available that contain the recommended basic security controls (policies, standards, and procedures) for your organization. At any point, your organization can evaluate the overall effectiveness of its cyber security processes to decide whether to accept the risks posed to it or instead transfer that risk through a cyber-liability policy.
In a world that moves towards integrated enterprise risk management, model risk management, and cyber-finance risk management, there is a careful balance to be struck between managing the threats posed to organizations by new technologies and traditional labor concerns and challenges. Risk identification, vulnerability reduction, threat reduction, and consequence mitigation are all areas that require attention in order to enable tangible cybersecurity outcomes.
Your goal should be to provide enterprise-quality threat intelligence and cyber response capabilities at price points that fit your budget and immediately provide additional functionality over your existing security investment, protocols, and tools to protect your most critical information, systems, and operations.
Threat is the sum of the potential strengths, capabilities, and strategic objectives of any adversary that can limit or negate your mission accomplishments and/or reduce force, system, or equipment effectiveness. Real-time change intelligence, industry-leading threat detection software, and machine learning (fused with incident data, SIEM events, and threat intelligence) results in a new harmonized view of your network.
Want to check how your Cyber Threat Intelligence Processes are performing? You don’t know what you don’t know. Find out with our Cyber Threat Intelligence Self Assessment Toolkit: