Keeping a company’s network and data safe from a sophisticated and diverse array of cyberthreats is a daunting task. CISOs and security teams have to contend with an increasingly dynamic and sophisticated threat environment that includes exploits that evade detection by “living off the land” to wiperware that maliciously erases data on an infected device to the rise of Cybercrime-as-a-Service.
Although a traditional approach to cybersecurity typically revolves around mitigating threats and vulnerabilities, these defences are no longer enough to protect businesses effectively. There is now a need for a more comprehensive, holistic approach to risk management. Today, CISOs need to consider ways to reduce the potential impact and consequences of a cyberattack across the entire organization, not just inside an IT network.
Understanding Cyber Risk
To effectively manage cyber risks, it’s essential for CISOs and security teams to have a deep understanding of the concept of risk itself. The definition of cyber risk includes the potential financial loss, disruption, or damage to a company’s reputation because of a…
