While outsourcing can drive efficiency and innovation, it also introduces significant risks, particularly concerning data security and compliance. Many security frameworks have taken up the responsibility of helping organizations manage threats in this context, and SOC 2 is no different. This article explores the intersection of SOC 2 compliance and third-party vendor risk management, providing… Read More
Risk Assessment Requirements for GDPR Compliance
Cybersecurity trends are moving from checklist compliance to comprehensive, risk-driven security. This is just as true in the European Union, where data subject privacy and security requirements are strict. Fortunately, GDPR provides significant guidance on general risk management and specific risk assessment requirements. We’ll cover those requirements here.
Introduction to Targeted Risk Analysis (TRA) in PCI DSS 4.0
The Payment Card Industry Security Standards Council (PCI SSC) recently released a new document guiding targeted risk analysis. This approach to security is a cornerstone of the PCI DSS 4.0 update, and yet, for many businesses, this is something new that they may need help understanding. This article will discuss Targeted Risk Analysis, its role… Read More
What Is Proactive Cybersecurity? Preparing for Threats Before They Strike
Modern cybersecurity is about more than just reacting to threats as they emerge. Adopting proactive cybersecurity measures is not just a strategic advantage; it’s an operational necessity that can spell the difference between business as usual and breaches that erode customer trust and shareholder value. Whether you’re a cybersecurity veteran or new to the domain,… Read More
What Are Risk Assessment Methodologies?
With the ever-increasing complexities of the IT and business environments, risk management has become crucially important for cybersecurity. Accordingly, risk management methodologies provide the blueprint for this anticipatory and strategic approach. They guide businesses in identifying potential threats, assessing their impact, devising effective responses, and monitoring progress. This article will introduce some basics of risk… Read More
CMMC 2.0, NIST, and Risk Management
Cyber threats continue to grow in complexity and sophistication. To address this evolution, the Department of Defense has introduced the Cybersecurity Maturity Model Certification (CMMC) 2.0 to ensure that defense contractors maintain robust cybersecurity practices to protect Controlled Unclassified Information (CUI). To address one of the most important processes in modern security (risk management), CMMC… Read More
What Is OCTAVE and OCTAVE Allegro?
The importance of risk management cannot be overstated… and yet, many enterprises struggle with the practice due to a lack of standardization or expertise. And while the challenges that businesses face implementing risk management are understandable, they are no longer acceptable. This article will provide an in-depth overview of OCTAVE Allegro, a framework developed to… Read More
NISTIR 8286 and Best Practices for Enterprise Risk Management
In an increasingly digital world, cybersecurity has never been more critical for organizations of all sizes and industries. As cyber threats become more sophisticated, the potential impact of a security breach on an organization’s operations, reputation, and financial well-being can be devastating. As a result, integrating cybersecurity risk management into more comprehensive Enterprise Risk Management… Read More
What Is the Threat-Based Risk Profiling Methodology in FedRAMP?
In February 2022, the FedRAMP Program Management Office updated the rules for their threat-based profiling methodology. This little-known approach to FedRAMP risk profiling and the rating security controls serves as the program’s effort to streamline authorization and program management with industry knowledge and agile development methodologies.
FedRAMP and Risk Management
FedRAMP Authorization is a complicated undertaking due in no small part to the layers of requirements that cloud offerings must meet throughout the process. As part of the government’s turn to more comprehensive security, FedRAMP requirements include significant risk management standards that all providers must meet.
Risk Maturity and the Continuum GRC IRM Platform
Over the past few weeks, we’ve discussed what it means to consider risk as part of an overall compliance strategy. We’ve emphasized throughout that risk doesn’t have to be an abstract pursuit–it can be a comprehensive part of compliance and security that uses the realities of regulations and frameworks to drive decision-making (and vice-versa). One… Read More
What Is a Risk Appetite Statement?
Over the past few weeks, we’ve talked quite a bit about risk: What it is. How it applies to compliance. How you can start to think about it as an aspect of your overall business strategy. In many of the cases we’ve discussed, we’ve referred to risk in terms of mitigation–how to close the gap… Read More
What Are the Four Types of Risk Management?
We’ve discussed risk management and its complexity–what goes into it, what frameworks you can use, and how different forms of analysis and visualization can help you assess it effectively. But let’s pump the brakes a little. Have you thought about what to do about your risk profile? Do you know how to approach risk as… Read More
Risk Management, Cybersecurity and Visualization
We started our series on risk management a few weeks ago by introducing the concept of risk. One of the general stereotypes about risk is that it lacks some discreteness of security compliance–it doesn’t lend itself to checklists or paint-by-numbers approaches. This is, overall, a good thing, but can prove challenging for enterprises not ready… Read More
What is Third-Party Risk Management?
In the increasingly interconnected and complex world of business technology, many organizations are grappling with the challenges related to insecure integrations and agreements. The rise of technology service models, managed service providers (MSPs) and SaaS apps introduce compliance and risk management issues almost faster than businesses can keep up. Thus, a new discipline has evolved:… Read More
Why Consider Standards-Based Risk Management?
We’ve previously discussed the importance of risk management, and the challenges that come from approaching risk through large-scale frameworks. According to an abstract framework, many organizations aren’t necessarily equipped to mobilize far-ranging risk assessments. Here, we’ll discuss a compromise to combine the best of both worlds: standards-based risk management.
What Is Risk Management Software, and What Should You Look For?
Risk management is quickly becoming the foundation for most security and compliance standards. And this is for good reason–complex security threats based on modern technology and the interoperability of extensive cloud-based infrastructure aren’t going to be held at bay through ad hoc implementation of technology. Risk doesn’t have to be an amorphous and ill-defined process,… Read More
Risk Management and Insider Threats
Risk management is a term bandied about by a lot of experts. It’s critically important, of course, but it is also a catch-all for security terms that may not seem to apply directly to immediate, regulatory security. So, when insider threats come up, it becomes challenging to parse out how security and risk help address… Read More
What Are the Problems with Risk Management?
In our previous article, we discussed the concept of risk management–what it is and why it’s important. However, risk management in cybersecurity isn’t new, and many organizations are working towards normalizing risk as an approach for comprehensive cybersecurity and compliance efforts. While this move is a good one, we also find that many organizations will… Read More
What Is Risk?
Part 1: Risk and Security in Modern Systems “Risk “is a term gaining real traction in any industry where cybersecurity regulations impact businesses. Many frameworks and regulations are turning to risk management as a proactive and comprehensive approach to security management. This shift can mean big changes for enterprises that aren’t generally considering risk as… Read More
What is ISO 31000?
Many enterprises are looking for ways to increase their security and to protect their interests. As the world of cybersecurity, legal risk and operational challenges become more and more complex, checklist compliance regulations just aren’t going to cut it. That’s why governments and private organizations are increasingly turning to risk management as a tool for… Read More
The New Social Security: When Social Media Meets Social Engineering
The convergence is upon us all; this influx of technology intermingled with information infused now in every possible facet of our business and personal lives. We live in the presence of infinite possibilities through technology. Business is being propelled into new trajectories never before possible. Out social spheres and human interpersonal interactions have all been… Read More
Reasonable Duty of Care: Data Security and Privacy
You’ve see it in the news all too frequently now in our technologically interconnected world; companies are being breached seemingly at-will by hackers, malicious insiders, competing company entities, and nation states. The terrible truth is that companies and consumers are losing the battle. The cost of these breaches is rising as consumers are beginning to… Read More
The Future of the Security Executive?
I was presented with a question this week that I thought was worth sharing. The question was “What you think information security executives will need to be focused on in the next 2 to 3 years in order for their organizations to be successful?” I responded with these tasks-concepts that security executives must embrace: Collaboration… Read More