Often overlooked and commonly ignored, security risk assessment protects your organization from intruders, attackers, and cyber criminals. So, what is security risk assessment and why does it benefit you?
Due to the pandemic and even pre-pandemic, many businesses rely heavily on internet protocol for communication and doing well…business. Hence, why cyber security is important and security risk assessment is a topic that plays an integral part in that process.
So, what exactly is security risk assessment?
As its name suggests, security risk assessment involves the detection and alleviation of the security risks threatening your organization.
Security risk assessment aims to measure security posture of an organization, and check whether the organization abides by compliance requirements.
Security risk assessment practices control and checks any open vulnerable ports, anti-virus updates, password policies, patch management, encryption strength and so on and so forth. All this assist cyber security professionals within or externally in an organization clearly see the efficiency of the organization’s controls, determine risk factors, conjure up detailed plans and solutions, detect vulnerabilities and offer options to alleviate them.
There are numerous security assessment risk types and below you can find some of them:
Pen Testing (otherwise known as penetration testing): Pen testing aims to simulate an attacker to see how well security measures of the organization work.
Risk Assessment: Risk assessment detects risks and potential losses that can be caused by them.
Vulnerability Assessment: Vulnerability assessment aims to identify vulnerabilities of the security measures and offers solutions to alleviate them.
Compliance Assessment: Compliance assessment confirms compliance with related standards like PCI or HIPAA.
You may now ask, what are the benefits of a security assessment?
Being one of the most integral practices of cyber security, security risk assessment offers many benefits, such as:
- It helps you identify vulnerabilities. Security risk assessment being involved, you can see which parts of your security measures are relatively weak, which parts of your system can be targeted by the attackers or what the security threats are for your organization. As a result, you can solve such vulnerabilities and enhance the cyber security posture of your organization.
- Security risk assessment can allow you to check the security controls. With the help of security risk assessment, you can see how efficient your security controls are and how you can upgrade them. All this leads to how you can utilize preventive measures in order to increase the effectiveness of your security controls.
- It lets you see if your organization meets industry related compliance. There are numerous compliance that are required by the governments and international bodies for any organization. In the even your organization fails, you may face paying massive fees or other undesirable outcomes. With the help of security risk assessment, you can see if your organization fulfills the requirements of related compliance before it is too late.
So when it is all said and done it is best to use a security risk assessment tool or program to better enhance your security posture and ensure your business continues running smoothly.
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“Security risk assessment practices control and checks any open vulnerable ports, anti-virus updates, password policies, patch management, encryption strength and so on and so forth.”