Cyber attacks are increasing in both volume and sophistication, and it’s important not to get complacent by thinking that you won’t suffer one. According to a study conducted by Ponemon Institute, the escalating cost of cyber crime has increased 23% over the past year, now costing an organization an average annualized $11.7 million.
The risks that your organization faces are constantly changing, so they need to be regularly assessed and addressed.
It’s important to remember that risk assessments only provide a snapshot of the threats facing an organization at a given point in time. So, if you performed a risk assessment a few months ago, it is highly likely that things have already changed.
Failing to conduct accurate risk assessments could result in your organization overlooking, underestimating, or neglecting risks that could be severely damaging and have a lasting impact.
What can you do?
Conducting an effective risk assessment allows you to identify the gaps in your organization’s critical risk areas and determine actions to close those gaps. It also ensures that you invest time and money in the right areas and don’t waste resources.
It’s difficult to account for every eventuality and situation that your organization may face, but you can save time, effort, and expense with our risk assessment tool, vsRisk™.
Created by industry-leading ISO 27001 experts, vsRisk provides a simple and fast way to identify relevant threats, and delivers repeatable, consistent assessments.
Its integrated risk, vulnerability, and threat database eliminates the need to compile a list of risks that you may have previously overlooked or not considered, and the built-in controls help you comply with multiple frameworks.