Risk management is different from vulnerability management. What is the difference between managing risk and managing vulnerability? Vulnerability management is the process of proactively identifying security weaknesses and flaws in IT systems and software, tracking the vulnerabilities, then prioritizing them for remediation. Reduced risk of data breaches, system outages, and other security incidents.What are the benefits of risk management?Īn effective risk management strategy can enable benefits like: When organizations have a comprehensive risk management plan in place, they are better equipped to make decisions that safeguard their data and systems from attacks. Risk management is important because the process helps organizations prepare for potential threats to the business. A successful ERM strategy can help reduce operational risk and financial risk, while improving compliance and security. An ERM program helps organizations identify their risks and assess their impact on the business. What is enterprise risk management (ERM)?ĮRM is a comprehensive approach to managing risk across a large organization.
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