Risk management in cybersecurity involves identifying threats, assessing their likelihood and impact, and taking steps to mitigate them.
What is risk management?
Risk management in cybersecurity involves identifying threats, assessing their likelihood and impact, and taking steps to mitigate them. It’s the discipline of making security decisions based on risk, not guesswork.
Why does risk management matter?
Organizations can’t eliminate all risks, but they are expected to understand and manage them. When a breach happens, lawsuits usually follow. That’s when courts ask: was the risk foreseeable, and was it ignored?
When customer data is at stake
In Vesely v. Encyclopaedia Britannica Inc. (Illinois, 2024), plaintiffs alleged the company failed to manage risks associated with student data collection and online learning systems. The case shows how poor risk management practices can expose organizations to litigation.
Most small businesses assume their antivirus is doing enough. They believe their IT provider has everything locked down. The truth is that attackers are using common tools like PowerShell, Office macros, and unapproved software to gain control, and most businesses never see it coming. Learn five methods for testing your environment’s risk.
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