In today’s digital environment, making the right choice in cyber risk management is more important than ever. Before you can assess and respond to risks, you must have a proactive process for identifying them. For a complete overview of identifying and overcoming the latest risk management challenges, download our white paper.
As the market becomes crowded with GRC software vendors offering a wide range of solutions and services, organizations must make in-depth assessments of their risk culture and process maturity in order to choose a GRC software partner with a proven solution that best aligns with their business objectives. An effective solution will allow your company to proactively assess and respond to risk factors.
Managers must be aware of emerging risks that could impact business operations. A thorough assessment of your organization’s current GRC platform will show any gaps that a best-in-class software solution can close. This assessment may require redefining your organization’s GRC mindset in the context of its risk posture. Being armed with a complete view of the organization’s threat avenues of approach and process maturity will enable you to deploy the best GRC technology and implement policies, procedures, and processes that make the best business sense.
As an example, if an organization were assessing the risk associated with application servers, it would be important to determine which end-point protection mechanisms were currently in place. It would also be necessary to understand the patch management regime in an assessment of the underlying risks of an operating system. In the old-school version of managing GRC, limiting the risk to an organization’s Structured Query Language (SQL) injection or Cross-Site Scripting (XSS) would be a function of the data owner; however, an end-to-end, integrated GRC software solution does a much more efficient job of answering these and other risk questions across the enterprise. To learn more about overcoming risk management challenges and implementing a holistic solution, schedule a TruOps demo today.
Of course, as the hardware, software, hosting, and transmission vehicles for the management of an organization’s corporate data, information assets, network, and applications continue to grow, so will the number of stakeholders that must participate in the risk assessment. To obtain the most relevant information from disparate stakeholders, information-seeking questionnaires should be customized to address each functional area and its at-risk assets, which is a cumbersome and time-consuming process in and of itself. Given that many organizations have global offices, stakeholders may be located in different countries, which adds another moving part to the task of identifying internal and external threats to organizations that are still evolving. In an ever-changing risk landscape, these challenges and more threaten the success of today’s companies. Read our white paper to learn about some of the most critical risks—and how you can mitigate them.