Cypro

Risk Mitigation

Risk Management Standards Australia

Document all risks

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Address the cyber security PPT. (People, Process, Technology)

People, process, and technology (PPT) refers to the security methodology in which the balance of people, process, and technology drives action:

People perform a specific type of work for an organisation using processes (and often, technology) to secure and improve these processes.

Document all risks

People, process, and technology (PPT) refers to the security methodology in which the balance of people, process, and technology drives action:

People perform a specific type of work for an organisation using processes (and often, technology) to secure and improve these processes.

Types of risk · Loss· Integrity · Exfiltration

Risk Mitigation

People

Vendors

Technology

The steps to reducing the risk of cyber security attacks

Keep your software to date

The software running on businesses’ computers are vulnerable to cyber-attacks and exploits.

All software updates should be applied as soon as possible to prevent your business to be targeted for known vulnerabilities that can lead to unauthorised access and thus data leakage, theft, or compromise.

Protecting your business from threats can be avoided if it is managed.

Restrict access

Organisations should take security measures to protect privileged access. Access levels should be assigned based on risk exposure and as necessary to maintain operations.

When it comes to privilege management, these risk mitigation strategies can help your organisation:

Disaster recovery plan

Data loss is a real possibility. It is not just natural disasters or cyber-attacks but also human error and hardware failure and it happens to businesses of all sizes.

Cyber security professionals will have a key part in the risk mitigation strategy The risk mitigation plan should protect critical data and records to ensure continuity of operations in the event of unexpected events.

For added protection, backups should be encrypted and stored offline when possible, support full recovery and reconstitution of systems and devices, perform periodic testing, and evaluate updates to the backup plan as needed to reflect the ever-changing network environment.

Remove outdated hardware

As any system administrator knows, you need to take stock of the devices and software on your network. Remove unwanted or unnecessary hardware as possible. This way, you can take control in the future and reduce the attack. surface even further than before.

As part of the risk mitigation process, your systems must be actively managed, which means they must be able to dynamically adapt to changing threat environments while allowing you to scale and streamline management tasks for optimal operational efficiency.

Ensure signed software policies

To ensure your computer’s security, you must use a modern operating system that enforces signed software execution policies for scripts, executables, and device drivers.

It is recommended that all devices support the use of authorised programs and devices and that their digital signature can identify on specific machine-readable media, e.g. USB drives connected through ports on the front of desktops.

No single-factor authentication

Include multi-factor authentication in your risk mitigation plans. Organisations should abandon single-factor authentication, such as passwords and PINs. Often users will choose passwords that are easy to remember or use security questions that are easy to guess.

With a two-step verification process that includes something you have such as a security token or receiving a text message on an identified work phone will improve your companies online security.

Our cyber security experts are here to help

We work with businesses of all sizes to help them identify, and then manage their cyber security risks.