An adequate cyber risk management enables organizations to recognize and control a risky and an uncertain situation. An organization’s risk self-awareness empowers the organization to control its risk through activating a risk response and assuring the organization’s capability level. This includes assuring an organization’s resilience capability against events with a high uncertainty.
One major category within risk management scope is a natural crisis. This category might have a low probability, but the risks associated with such a category could have a severity of critical risk.
A natural crisis has various impacts on businesses in various industries. In addition, we could witness this impact through COVID-19 pandemic period. These effects mandate major obligations and amendments to attain the business objectives.
Cybersecurity practitioners observed an increase in the percentage of conducting urgent risk assessments by business owners during the pandemic period. Business owners aimed to accommodate required technologies for the urgent alteration of the new business-operating model to keep up with regulations and safety requirements.
A major example is the upsurge…
