It is vitally important that companies, regardless of their size, company name or business model, take into account that they must have risk management protocols in place, and for this, it is necessary to know which ones they are exposed to.
This can be done through the information security risk treatment plan, in order to have a strategy that allows it to act immediately in the event that the institution becomes involved in a cyber-attack.
There are some measures that organizations must take into account to be safe and for this, they must be able to act immediately when suspicious activities are detected or that may put the organization’s information at risk.
Having good management practices is important, since data protection must be guaranteed because otherwise, it can become a serious problem that can affect the fulfillment of the company’s objectives.
It must be borne in mind that it is not only about implementing an antivirus, but on the contrary, they must abide by other types of measures that will help prevent risks.
This is when the information security risk treatment plan becomes so important, as it allows evaluating, protecting and being a support tool during the identification of different security measures.
What is the purpose of having a cyber-security treatment plan?
Basically, its main function is to support business processes and that in turn are working towards the general objectives of the company.
For this, they must have technological tools that allow identifying the risks that may arise in each of the areas, which are the points where the information is most vulnerable, where failures may occur and where reliability may be altered.
The activities that you must take into account to make the security risk treatment plan are:
- Establishing the context.
- Identify the risk.
- Risk estimation.
- Risk assessment.
- Risk treatment.
- Acceptance of risk.
For this to have a positive effect, you must act, plan, verify and do.
What Should Be in the Plan?
It should be defined who will be responsible for each area and in turn who will be the project leaders in order to begin to plan how the implementation of the phases of the treatment plan will be.
They are of vital importance since they are the project guides, they are the ones who explain and define the methodology that contains the risks that were identified and that will be added to the risk matrix.
Identification and classification of risks
The information risks to which the company is exposed will be recognized, the level of impact of each of them within the organization will be evaluated, the probability that they may occur and the controls that will be executed to see measure the level of risk.
Residual risk assessment
The effectiveness of the controls that will be used to calculate the residual risk is reviewed.
Heat maps for hazard location
This tool is essential since it is here where each of the risks must be placed so that the behavior of each one of them can be reviewed once the controls are applied.
Risk treatment plan
The action plan that they are going to carry out will be defined in order to prevent risks and in the event that it cannot be avoided, it will be mitigated in a timely manner.
Monitoring and control
This must be carried out constantly in order to verify if the established strategies are adequate for risk management and in case they are not having an effect, look for other types of solutions that contribute to having a successful system.
Michael Antonio Echols, the man behind MAX CyberSecurity, knows quite a bit cyber security. His consultancy business specializes in cyber risk management and assessment, and he has established quite a name for himself. He has been helping companies revise their cyber-security protocols and offers continuous guidance to businesses.
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