Coalition, Inc.’s Post

Remediation Over Ratings - Achieving Third-Party Cyber Risk Reduction The most effective Third-Party Cyber Risk Management programs prioritize risk remediation as highly as risk identification. While Security Ratings Service (SRS) have long focused on risk identification, the burden of curation and remediation has traditionally fallen on the customer. Let's look at how best-in-class security programs achieve measurable cyber risk reduction through effective guided remediation. To learn more about how BlueVoyant’s Supply Chain Defense solution can comprehensively secure your third-party ecosystem check out the video in the link below https://lnkd.in/gpzh9bNG #Bluevoyant #Supplychaindefense #TPRM

Quantitative Risk Management in Cybersecurity In today's digital landscape, cybersecurity isn't just about safeguarding data anymore – it's about fortifying the very foundation of organizational resilience. As technology continues to weave itself into the fabric of business functionality, the need for a reliable data flow becomes paramount. This shift doesn't just affect individual companies; it has profound implications for the stability of the global economy. Chief Information Security Officers (#CISO) are finding themselves at the forefront of this transformation, tasked with conveying their organization's cyber risk exposure in language that resonates with the C-suite. At the same time, executive leadership and boards are under pressure to effectively communicate their cyber risk management strategies to regulators and the market. Enter the Kovrr "Shift Up" Strategy – a tailored approach designed to empower executive stakeholders in strategically allocating resources for effective cyber resilience. It's not just about mitigating risks; it's about ensuring the durability and stability of the entire organization. In this era of heightened cyber threats, it's imperative that organizations adopt a proactive stance towards risk management. By embracing quantitative risk management techniques, we can better understand and quantify the potential impact of cyber threats, allowing us to make informed decisions and allocate resources effectively. Let's work together to navigate the complex landscape of cybersecurity and pave the way for a more resilient future. #Cybersecurity #QuantitativeRiskManagement #OrganizationalResilience #ShiftUpStrategy Naomi Ronen Yakir Golan

Thanks Andreas W.. I’ll also add that CRQ drives the prioritization and trade-off conversation. We have finite resources and budgets and many issues to address. CRQ allows us to have robust discussions on what investments and activities will drive the biggest risk buy-down compared to other operational risks. It’s not just about communicating the risk posture in a understandable way, it helps us make the tough priority calls.

India's First Cyber Quantified Model Makes Risk Management a Breeze! Zeron is proud to announce the launch of QBER (Quantified Business Exposure To Risks), India's first-ever cyber risk quantification model! QBER empowers businesses to quantify cyber risks in financial terms, enabling better decision-making around resource allocation, insurance coverage, and risk mitigation. Say goodbye to guesswork in cybersecurity!  . . #zeron #cybersecurity #QBER #cyberriskquantification #crqmodel #cyberrisk #riskmanagement #securitymatters

From Reactive to Proactive: What happens if you embrace Risk Management in your Cybersecurity Practice? In the early days of navigating the digital landscape, you reacted to cyber threats as they hit, always playing catch-up. This reactive stance was understandable but far from ideal. You were the underdog, constantly defending against a barrage of digital dangers. The game-changer for you has been embracing risk management. This isn't just another task on your to-do list; it's your strategic advantage. It's about shifting from reacting to cyber threats to proactively identifying and mitigating potential risks before they impact your operations. Your journey from reacting to planning has been a transformative one. By incorporating risk management into your strategy, you've learned to evaluate your digital environment, identify vulnerabilities, and prioritize threats. This approach has allowed you to allocate your resources more effectively and prepare for potential cyber incidents before they happen. Now, your task is to continue refining your risk management practices. Keep assessing your cybersecurity posture, stay informed about emerging threats, and adjust your strategies accordingly. Your goal is to maintain this proactive stance, using risk management not just as a defense mechanism but as a tool for strategic planning and decision-making. This practical approach to digital landscape navigation has transformed you from an underdog into a prepared and resilient operator. Your focus on risk management will keep you ahead in the ever-evolving world of cybersecurity. https://bit.ly/49wX595

Learn how Cyber Risk Quantification (#CRQ) redefines risk management, providing a proactive approach to assessing, mitigating, and understanding cyber threats in business terms. Read more #ETInsights #CyberSecurity #RiskQuantification #Tech #Hacking #Innovation Vikas Garg PMP,CISSP,CISA,CISM David George

In the fast-evolving realm of cybersecurity, 2024 is poised to bring forth $5 trillion in data breach costs, a figure that underscores the urgent need for proactive risk management measures. The inevitability of cyber attacks has propelled a shift towards predictive preparedness, with a focus on leveraging data-driven strategies and global threat insights to fortify defenses. 🔹 Trend 1: Boards' Enhanced Role in Cyber Risk: SEC rulings and the EU's NIS2 Directive signal a heightened responsibility for board members in cyber risk management, underscoring the necessity for greater collaboration between boards, executives, and security teams. 🔹 Trend 2: Prioritizing Cyber Initiatives: Organizations are moving towards risk-based prioritization to allocate resources effectively, emphasizing the importance of quantifying risks based on likelihood and financial impact for optimal decision-making. 🔹 Trend 3: Consolidation of Tools: The consolidation of cybersecurity tools into comprehensive platforms aims to streamline operations while necessitating a thorough risk assessment to mitigate potential single-point failure risks. 🔹 Trend 4: AI in Cyber Defense: Generative AI is emerging as a double-edged sword in cybersecurity, with organizations urged to use AI for both offense and defense against evolving threats honed by malicious actors. 🔹 Trend 5: CTEM Approach with CRQ Models: Gartner's CTEM framework advocates continuous threat evaluation, aligning with the adoption of CRQ solutions to enhance organizations' cyber resilience through data-driven risk assessments. 🔹 Trend 6: Self-Insurance Exploration: Enterprises are exploring self-insurance options informed by granular CRQ insights to optimize coverage in response to escalating cyber insurance costs and limitations. 🔹 Trend 7: Mitigating Compromised Credentials: The prevalence of compromised credentials underscores the critical need for MFA adoption and stringent access management practices to fortify defenses against this easily exploitable attack vector. As we navigate the complexities of the cyber risk landscape, it's paramount to seek tailored risk assessments and employ cutting-edge strategies to safeguard digital assets. What are your thoughts on the evolving cybersecurity trends for 2024? https://lnkd.in/eYCW5egK

The CrowdStrike Falcon outage serves as a crucial reminder of the significance of scenario planning in cybersecurity risk management. The recent incident, triggered by a faulty software update, affected multiple organizations and emphasized the criticality of having strong crisis management tactics, collaborative efforts, and proactive stakeholder communication. Implementing effective scenario planning enables companies to pre-empt possible cyber threats, enhance response capabilities, and reduce impacts. Don’t wait for a crisis—ensure your organisation is prepared. Contact us today to strengthen your resilience strategies. #Cybersecurity #ScenarioPlanning #CrisisManagement #Resilience

🔍 Diving into a captivating article on the management of cyber risks revealed eye-opening insights, challenging common perceptions and shedding light on intriguing facets in the realm of cybersecurity. Here are the intriguing facts and revelations that sparked curiosity and surprise: 🌟 **Intriguing Revelations**: - Cyber risk management isn't just a tech issue; it's a strategic blend of proactive monitoring, crisis planning, and strong relationships vital for navigating threats effectively. - The concept of cyber risk as a dynamic chess game highlights the need for foresight, adaptability, and calculated moves to outmaneuver digital adversaries. - Contrary to the reactive stance on cybersecurity, the article emphasizes the importance of a proactive approach akin to navigating through a maze of unknowns. 🤔 **Curiosity Awakens**: - How do these revelations reshape your perspective on cyber risk management and the strategies employed in your organization? - Have you encountered similar surprising insights in your experience with cyber risk management? 🚀 **Engage and Reflect**: - Share your thoughts on these revelations; let's spark discussions and exchange perspectives on the evolving landscape of cyber risk management. Your insights can pave the way for innovative approaches and heightened awareness in the cybersecurity domain. https://lnkd.in/gh8fcFW

Maximizing ROI through Preventative Risk Mitigation In today’s digital age, cybersecurity is a strategic investment. At VerSprite, we explore how preventative risk mitigation translates to measurable ROI. Key Points: - Cost Savings: Avoid financial losses and downtime from cyber-attacks. - Strategic Controls: Implement effective risk assessments and controls. - Continuous Improvement: Stay ahead with regular updates and monitoring. Discover how to turn cybersecurity into a profitable investment. https://lnkd.in/gnjJU-F6 #Cybersecurity #RiskManagement #ROI #VerSprite