Why and how organizations can automate this process
Cyber risk management processes provide a comprehensive perspective of the cyber risks and threats a company faces. This enables authorized staff to assess risks and assign metrics to them, record changes in the organization’s risk profile, and track risk and metrics against objectives and tolerance levels. Constructing a risk register is aided by corporate objectives and policies specified by top management, as well as other authoritative sources and standards. Risk assessment questionnaires are generated from the risk registry and used to conduct risk assessments. The results of risk assessments guide the creation and implementation of risk remediation or mitigation programs. Senior management is informed about these strategies, as well as the outcomes.
Risk management solutions can also be implemented for activities and responsibilities that are specified, quantifiable, relevant, and timely. Understanding the KRI standards...