Reduce Digital Risk Exposure

digital risk

For businesses wishing to take advantage of a technology-driven infrastructure, digital transformation is unavoidable. To remain competitive by today’s standards, a business organization must urgently embrace digitization, particularly as it attempts to scale up.

The process of carrying out transformation efforts entails several hazards. The dangers connected with using technology in a company are increasing along with it. Below we have listed digital risk protection steps so continue reading this article.

An ongoing cycle of visibility, insights, and remediation underpins effective digital risk management, with each quadrant being fuelled by the information from the one before it. By tracking exposed assets’ digital footprints, visibility is made possible. Threat intelligence solutions are fed visibility data to provide insights into the most effective corrective actions. Designing and deploying incredibly effective remediation measures is made possible by insights into the digital ecosystem. The steps that follow provide a framework for managing digital hazards with a focus on reducing the risks associated with data leaks and cybersecurity.

Step 1: List all assets that are exposed

Determine all the resources that might be vulnerable to illegal access. This should cover all social media platforms and websites that contain private information. A solution for monitoring the attack surface can help map a digital footprint.

Step 2: Keep an eye out for data leaks

Any data leaks connected to your company can be found with a data leak detection service, which can also reveal vulnerabilities for this frequently disregarded attack vector.

Data leaks are the currency that cybercriminals use to fuel their data breach efforts. Data leaks can be fixed before attackers find them, protecting cybersecurity and, by extension, all other types of digital risk.

Step 3: Continue to update risk and threat models

All threat intelligence data can be gathered to build a picture of your danger landscape once a digital footprint has been established.

Every time this threat model is updated, your incident response plan needs to be revised.

Step 4: Secure Access to all Resources That Are Exposed

Privileged accounts need to be secure to avoid reputational harm. To detect and deny all illegal network access, detection parameters should be expanded rather than solely concentrating on current cyber defenses surrounding sensitive resources.

Any unwanted access attempt will be reported to organizations by carefully placed honeytokens. A Zero Trust Architecture (ZTA), the assumption of the breach, and improved Privileged Access Management (PAM) security can reduce further access to resources.

Step 5: Maintain Vendor Compliance

Non-compliance poses a risk to both finances and cybersecurity. Regulation sanctions might be between $14 million and $40 million for non-compliance, which is associated with inadequate security efforts. Monitoring internal ecosystems alone won’t be adequate to reduce the danger of non-compliance; the entire vendor network must also be made secure.

Vendors with weak security practices could allow cybercriminals access to your company. Through regulatory-specific risk evaluations, a third-party risk management solution will make sure all vendors remain compliant.

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