What is risk management?
Security and risk management is the process of balancing cyber risks and a budget. Business is about making money, and a business will always face constraints regarding its budget. Security is a balance of what is most important and what can wait (at least for now). When selecting the controls that work for your company, there may be areas where your company is subpar or where the budget requires a delay in implementation, as well as an exception to your security policies. These exceptions can be added to the risk register.
Security and risk management is a comprehensive approach to identifying, assessing, and mitigating potential risks and threats to an organization’s assets, including its people, information, and physical infrastructure. It involves the systematic application of policies, procedures, and controls to minimize vulnerabilities and protect against potential harm. In addition, aligning your program with your company’s mission...
