Key elements for a successful cyber risk management strategy

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In this Help Net Security interview, Yoav Nathaniel, CEO at Silk Security, discusses the evolution of cyber risk management strategies and practices, uncovering common mistakes and highlighting key components for successful risk resolution.

Nathaniel anticipates a growing pressure on organizations to implement effective cyber risk management programs, driven by regulations such as the SEC’s Cybersecurity Disclosure Rule.

cyber risk resolution

How has the approach to cyber risk resolution evolved over the past few years?

For over 25 years, cybersecurity professionals systematically relied on spreadsheets, emails, and extensive manual risk assessments to resolve cyber risks based on their impact and likelihood to exploit. Over the past few years, the corporate workplace and IT footprint transformed to be more distributed and dynamic, even more so thanks to the adoption of cloud, IoT and work-from-home.

Security teams are modernizing their capabilities with growing urgency. Consolidated scanning results, automated risk-based prioritization models, executive accountability, and communication workflows that enable self-service resolution by the distributed IT owners are foundational…

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