Risk management programs require a specific approach in order to be truly effective. With threats on the rise, it’s becoming increasingly important to fast-track the development of these programs to keep organizations as secure and resilient as possible. The difference between a mature program and an undeveloped or developing program may seem obvious, but let’s take a look at some of the best practices and principles to ensure a mature, effective risk management program for your organization.
Risk Management & Incident Response
A strong handle on incident response is crucial to the resilience of an organization. Security teams with a mature SecOps program in place will be able to take a proactive stance to the protection of their organization. If the security team is able to detect incidents before or when they arise, teams can act quickly and effectively to detect, mitigate, and minimize threats and their impact with optimal efficiency.
At NewRocket, we believe that taking a risk-based approach to cyber incidents is one of the most important and effective things you can do to mitigate and remediate risks within an organization. In order to be proactive, a mature program will have all of the necessary tools and resources to ensure fast and effective detection of threats, so that incident response teams can take action as quickly as possible.
Due to the dramatically increased probability of cyber attacks today, automation tools and programs have become our best bet to catch and remediate those risks quickly. So, a mature and effective Security Incident Response (SIR) program will have these tools in place.
Manual processes for incident response eat up a lot of your time, are tedious and frankly unnecessary with today’s available technology. The process of identifying problems, isolating infected systems, researching a threat, etcetera all cause a headache that is largely avoidable. No more weekend worries, rushing to the office or wire-ripping is necessary with ServiceNow Security Operations.
Vendor Risk Management
As organizations improve operational efficiencies, they often outsource many of their services. Each vendor and third-party an organization associates with introduces a level of risk to the business. If one of those third-parties suffers a disruption of service or cannot deliver their products or services to your organization, your organization will also suffer a disruption or damages (financial, reputational, etc). A mature vendor risk management program helps organizations anticipate and mitigate disruptions from vendors and identify potential risks before they impact the business.
The goal behind an organization’s risk management program should be to continue operations as business as usual with little to no damaging impact to the business. If an organization’s risk management and security operations programs are mature, the organization will be resilient in the face of ongoing and mounting threats.