Key Considerations
Why should an organization align its cyber risk management with its ERM process?
Cyber risk affects every part of the business—from financial loss and legal exposure to operational disruption and reputational damage. Integrating it into ERM ensures a consistent, enterprise-wide approach to managing these impacts.
How does an organization begin to assess cyber risk? / What resources are necessary?
A typical starting point is performing a cyber security risk assessment based on a standard framework. This enables the organization to establish a baseline for cyber security controls and protocols that align with defined standards, making it possible to measure improvement targets annually and as the organization changes.
Key steps:
- Align organizational standards with an established cyber security framework such as NIST CSF, ISO 27001, etc.
- Identify areas for improvement and incorporate these into organizational risk registers and improvement roadmaps
- Establish control baselines for the organization in order to accurately track progress
- Periodically re-assess the risk assessment to ensure changes across the organization are accurately…
