Cyber Risk Management

Risk-Based Approach to Cybersecurity

What is Cyber Risk Management?

Risk management is a fundamental component of any successful organization and has been since the dawn of corporations as we know them. The primary function of risk management as a whole is to allow business leaders to determine the best course of action based on the probability of a given outcome and the possible detriments to that decision. As businesses have embraced more technology, risk management has had to evolve to oversee not just traditional forms of potential risk – operational, strategic, financial – but also the risks associated with this new wave of digital transformation. As organizations have digitized, cyber risk management (CRM) has become a pillar of an effective risk management strategy.

Why Cyber Risk Management?

CRM is an essential component of any modern risk management initiative. As the expanse of technology has become intertwined with everyday life, cyber risk management processes seek to mitigate and analyze the multitude of new risks that come with it, this is primarily done through risk assessments where multiple variables are considered and scored to identify risks from the most impact to the least. From cyber attacks, web vulnerabilities, malware, data breaches and everything in between, CRM operates as much more than a compliance solution; effectively protecting your organization’s cyber assets, and ensuring cyber resiliency against numerous mishappenings. CRM offers itself as a tool for appropriately benchmarking and categorizing an entity’s cyber posture for continuous testing and standardization that’s specific to the needs of the individual business.

The foray of cybersecurity risk management has caused a shift in the way many organizations have approached enterprise risk management from a program that focuses on physical and monetary risk to one that includes the digital landscape as well. With so many potential threats entering the digital hemisphere, cyber risk management must be dynamic to respond to an ever-evolving threat landscape. This is further illustrated by the introduction of cyber based regulatory frameworks like NIST CSF, NERC CIP and CMMC that are required for contractors to work within specific industries.

Why Choose A Cyber Risk Management Solution from UpTime365?

  • Our Cyber Risk Management solution offers you an automatic roadmap to compliance across many frameworks including PCI-DSS, SOC, NIST, HIPAA, NERC, etc. This is added value that comes at no additional cost.

  • An effective cyber risk management solution that enhances your information security and delivers a simulated plan of action and an incident response protocol in case of a breach.

  • Identify and secure critical assets with security controls for business continuity.

  • Cyber Insurance Risk Assessment based on industry standard scoring system along with remediation plans and retests to improve your score and lower the cost of your cyber insurance premium. 

  • Design and deployment of Security Operation Centers (SOC)

  • Risk monitoring metrics based on Key Performance Indicators (KPI) and Key Risk Indicators (KRI). 

  • Technology Agnostic Cyber Risk Management.