Measuring and Mitigating Cyber Risk

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(MENAFN- Mid-East.Info)

As businesses continue to invest in digital transformation and base their business models on technology, cyber threats only become more imminent. Cyber Risk is no longer an IT problem, but a board-room concern. With cyberattacks disrupting business continuity, they pose a direct impact on the top and bottom line of an organization’s balance sheet. Thus, making cybersecurity one of the top priorities of every organization. 

Challenges with traditional cybersecurity approach

The evolving breach trends verify that complying to frameworks alone can no longer holistically safeguard organizations. Frameworks such as ISO, NIST, PCI DSS and others are used as reference checklists for cybersecurity and risk management practices, however, they provide limited visibility. Cybersecurity must be aligned in every organization; threats and mission-critical business needs, provided by products that deliver holistic and actionable insights. The Frameworks approach to risk-posture assessments is subjective, labor-intensive, and only offers point-in-time snapshots/assessments. They rely on a qualitative scale without any…

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