Organising a Risk-Based Security Strategy for Your Online Business

Cyber-attacks are not only increasing in number, but also in sophistication. This is why businesses need to switch from response-based approach to cyber-attacks, to identifying and preventing them before they occur.

A risk-based approach to security is all about prioritising data theft risks, knowing all the techniques that can be employed to mitigate those risks and evaluating each method’s ability to deal with the possible threats.

Without a risk-based approach, a business is likely to struggle in determining possible threats to its data and dealing with any such threat when it arises.

Protecting sensitive data

Businesses are enjoying the benefits of innovations in technology and the digital world, but many are struggling to assess the risks associated with it.

Having standard security measures in place must be the first thing that businesses must be concerned about. Many organisations use The Standard, which is provided by the Information Security Forum (ISF), as a reference for the protection of their information.

The Standard helps businesses in protecting themselves against the rapidly evolving threats in the cyber world and is considered the gold standard in information security.

Risk Assessment Process

A risk assessment process refers to formulating procedures for evaluating the impact of a cyber-attack on the business, assessing all the potential vulnerabilities and the required treatment in case of attack in order to protect the information.

While formulating a risk assessment process, the ISF Threat radar is worth reviewing. It helps businesses understand potential threats and their impact on the business, allowing them to review the importance of each threat for their particular organisation.

One thing must be clear, that no organisation can defend itself against all kinds of threats. Therefore, each company should look at its resilience and all the plans that it has for recovery and how it plans to minimise the risks in the future.

Training the employees

The human element in the information security should never be ignored. Employees should be any organisation’s biggest control.

Simply making employees aware of their responsibilities with regard to information security is not enough. Positive information security habits should be embedded deep within the company culture. The driver behind these habits should be ‘risk’ and employees should understand how their behaviours and actions mitigate these risks.  

Building Cyber Resilience

Building cyber resilience is critical in today’s world. The traditional risk management isn’t enough to deal with threats today; it should be expanded to include cyber resilience.

Businesses today are not stand-alone any more, they are globally interdependent, which is why cyber security is so important.

Is your business equipped to deal with cyber-attacks of the modern world? Get in touch with us and get a risk assessment consultation. We provide complete cyber security services including penetration testing services, WAF managed service and advanced web security testing.