High-profile, high-impact cyber attacks are on the rise for companies irrespective of their size – and the costs and damages are also increasing. It’s not unusual for managers to misunderstand sound cyber security risk management. It is often considered as an issue for IT to deal with when in fact it is an organization-wide issue. Cyber security needs to be managed from the top down, through business lines, similarly to how budgets are handled.
Below are some essential elements that a cyber security risk management must include for preventing the breaches.
- An Effectual Framework – A framework must be implemented