Risk management and cybersecurity strategy

In the realm of cybersecurity, the saying forewarned is forearmed holds undeniable truth. Effective risk management is not just about preventing threats – it is about understanding the landscape, assessing potential impacts, and making informed decisions. The 2017 WannaCry ransomware attack, which affected over 200,000 computers across 150 countries, embodies the need for organizations to integrate risk management deeply into their cybersecurity strategies. While many organizations affected were caught off guard, those with a proactive risk management approach were better prepared to mitigate the impact of the attack.

Successful organizations do not just react to cyber threats – they anticipate and prepare for them. To build on this, they recognize that vulnerabilities are multiplex, and not all vulnerabilities require the same level of attention or resources. This necessary prioritization is achieved through comprehensive...