Cybersecurity risk mitigation involves identifying an organization’s potential risks and using security policies and processes to avert those risks. For several years, there has been a huge rise in threats as cybercriminals shift their focus to utilizing techniques that can effectively evade detection.
Threat actors are also now concentrating on threats related to credential harvesting, which is why ransomware is growing. Sadly, many cybercriminals continue to try their luck in the cloud platforms in the hope of blending in among legitimate services.
Many organizations are now employing cyber security risk management programs to minimize cyber attacks’ impacts. This article examines five best practices for mitigating cybersecurity incidents across all organizations.
- Monitor the Risk Environment
Conducting a cybersecurity risk assessment can offer insights into the assets that require protection. Risk professionals should constantly conduct a cybersecurity risk assessment to determine what will most likely impact the organization. They should also quantify exposures and vulnerabilities to help uncover potential gaps in the security controls and prioritize which cyber risk factors need urgent remedies.
- Develop Network Access Controls
After assessing your assets, the next step is developing network access controls to help alleviate the risk of insider threats. Analyzing trust and user access privileges will help minimize the possibility and impact of threats or attacks caused by simple acts of employee negligence.
- Installation of Security Solutions
Another important cybersecurity risk mitigation strategy involves the implementation of security solutions, such as firewalls and antivirus software. Firewalls monitor traffic and provide actionable real-time security insights against known and emerging threats. Antivirus searches your network or device to identify any potential malicious threats. If possible, you can consolidate systems and data into one source since monitoring scattered and siloed data can be challenging.
- Monitor Network Traffic Continuously
Cybersecurity risks are evolving everywhere- from avoidable human errors to third-party components with in-built vulnerabilities. Therefore, you need to monitor network traffic to stay ahead of cybercriminals continuously. Cybersecurity risk mitigation is most effective when it’s based on real-time insights. Consider using tools to comprehensively view your entire IT ecosystem to enable real-time threat detection. As a result, you can identify threats at any time and determine the optimal path to remediate them.
- Examine Your Organization’s Physical Security
Most organizations often ignore the physical security of their businesses and concentrate on the digital aspect of cybersecurity risks. You can determine whether critical data and infrastructure are safe from data breaches by conducting a cybersecurity assessment risk on the organization’s physical premises. In the process, you can identify if the backup and protection policies you have in place are still efficient.
Conclusion
Many organizations are becoming more susceptible to risks, especially with the constantly evolving technology and multiplying vulnerabilities. New threat actors keep entering the business landscape rapidly; therefore, every organization should employ proactive cybersecurity risk mitigation to ensure that threats are identified on time and remediated as soon as possible.