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The Importance of Risk Assessment in Adopting Cybersecurity Measures

Every business operation is affected by uncertainties. These uncertainties can impact different areas of an organisation including finance, safety, and security. The risks involved with every business can either lead to a positive or negative outcome. For any organisation to grow, taking risks is part of growth.

Many companies today are reliant on the use of technology to achieve business goals and improve efficiency. With technology comes the unavoidable possibility of exposing the company to a myriad of security risks. In this article, cybersecurity will be explained in detail including the necessary measures in order to avoid related risks.

What is a cybersecurity risk?

By definition, cybersecurity risks pertain to the wide network of information, technology, services, and tools used by a company in relation to computers and the internet. It is a common misconception that protection from these risks can be optimised by the use of ‘tools’ or ‘programs’ alone. But in order to mitigate cybersecurity threats, a company must employ a combination of tools and security protocols. There should be a perfect balance between the use of technology and implementation of rules and policies to ensure that each employee is in compliance. Much of what happens during a cyber-attack can be attributed to human error and negligence.

Assessing cybersecurity risks

In order for an organisation to effectively come up with protective measures against security threats, there must be a cybersecurity risk assessment conducted first. The goal of this assessment is to identify key aspects of the business that will ultimately lead to well-balanced and well-planned out security measures.

Without a proper risk assessment strategy, there will be difficulties in customising the approach when enhancing cybersecurity measures. The proper identification of risks helps in making sure that the investment is allotted towards what is truly important and effective. The decision to protect a business against cyber-attacks is no simple matter and should be addressed with the help of experts.

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