Cyber risk management is a concern for many CEO’s and executive management teams. Cyber Risk is defined as any risk of monetary loss, disruption or damage to the reputation of an organization from some sort of failure of its information technology systems or cybersecurity practices and policies.

The pressure to understand cyber risks and the challenges in meeting risk reduction goals have never been more difficult due to advances in technology and increasing sophistication of threats. As we know from the latest news stories several companies have had highly publicized breaches leading to financial losses and reputational problems.

Cyber risk management is the ongoing process of identifying, assessing, and responding to risk. To manage cyber risk, organizations should assess the likelihood and potential impact of an event and then determine the best approach to deal with the risks: avoid, transfer, accept, or mitigate. The fundamental challenge is identifying cyber exposures and risks then prioritizing resources to meeting risk reduction goals.

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To mitigate risks, an organization must ultimately determine what kinds of security controls (prevent, deter, detect, correct, etc.) to apply. Not all risks can be eliminated, and no organization has an unlimited budget or enough personnel to eliminate all risks. Supplementing your staff with proven Cyber Security Resources to help your program excel is what we do. Listed below is our portfolio of supporting Cyber Risk Management Services.

Praetorian Secure's Cyber Risk Advisory

Praetorian Secure's Cyber Risk Identification & Assessment

Praetorian Secure's Cyber Application Security

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