Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Inherent Risk vs. Residual Risk (Quick Explanation)

Inherent risks include all risks that are present without any security controls. Residual risks are the risks that remain after security controls are implemented. Residual risks are inevitable. Even with an abundance of security controls, vestiges of residual risks will remain that could expose your sensitive data to cyber attacks.This is because the proliferation of digital transformation expands the digital landscape, creating more attack vectors.

Cyber Insurance: Insuring the Intangible

Whichever way you look at it, the talk around cyber has been gathering steam. Plenty of commentators on the insurance market have predicted that 2021 will be the year that cyber insurance comes into its own. Cyber risks are constantly shifting and personal and commercial insurance is fast becoming a must-have. However, it’s hard to draw the line between the two as remote working becomes more common so insurers are finding it difficult to write cyber in a general sense. Demand won’t drop off though. Nor will the threats.

What is Residual Risk? Why it Matters So Much in 2021

Residual risk is the threat or vulnerability that remains after all risk treatment and remediation efforts have been implemented. Even with an astute vulnerability sanitation program, there will always be vestiges of risks that remain, these are residual risks. Because they will always be present, the process of managing residual risk involves setting an acceptable threshold and then implementing programs and solutions to mitigate all risks below that threshold.

What is data loss prevention?

DLP security strategies, benefits explained The threat landscape is a constantly evolving challenge for enterprise security professionals – the number of cyberattacks is continuing to rise, data exfiltration is now included in 70% of ransomware attacks, and insiders are responsible for 30% of all data breaches. As a result, enterprises are constantly looking for ways to reduce the risk of sensitive data being leaked outside the company.

What is inherent risk? Your sensitive data could be In danger

Inherent risks are the cyber risks and vulnerabilities within an organization before security measures are implemented. In contrast, residual risk is calculated after cybersecurity protections have been put in place to protect against all of these inherent risks; its calculation includes every possible attack vector that could affect a system or data.

Enterprise Cyber Risk Management for Financial Services Organizations

As the frequency and sophistication of cyber incidents targeting financial services companies increases, it is critical for your organization to thoroughly understand the components of a solid cyber security program, the current regulatory framework, the complex and evolving threat landscape, and the actions needed to mitigate your potential risk when responding to a cyber incident.

Continuous Cyber Monitoring and Rating with SecurityScorecard

At Infocom Security Greece virtual event on April 23, 2021, Nadji Raib (Regional Sales Director, SecurityScorecard), Matthew McKenna (President of International Sales, SecurityScorecard), and Panagiotis Pierros (Managing Director, TICTAC LABORATORIES) presented how important it is not only to monitor your own security posture but also to monitor your 3rd party, 4th party, and your entire ecosystem of vendors and partners. The demo section shows how easy it is to instantly rate a company's current security posture and to prioritize what are the issues that need to be fixed to get a better security rating.

Full Cybersecurity Regulations Overview for DoD Prime and Subcontractors

This webinar was recorded and co-hosted with MAGNET: The Manufacturing Advocacy and Growth Network. As the NIST and Ohio MEP program advocates, MAGNET has invited a leader of their technological and educational cybersecurity partners, Ignyte Assurance Platform and Ignyte Institute, for a conversation on how to get on board with the emerging Cybersecurity Maturity Model Certification (CMMC).