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Managed risk services GLOSSARY

What is cyber risk management?

Cyber risk management is a process that consists of identifying, assessing, prioritizing, and controlling cyber threats to predict and minimize their impact.

Examples of cyber risk management include mandating data encryption in certain instances and requiring cybersecurity awareness training for staff members.

The four stages of a cyber risk management process include:

  • Identify cyber risk – Examine the organization's environment to identify current or potential cyber risks that may have an effect on company operations.
  • Assess cyber risk – Analyze identified risks to determine how probable they are to affect the company and what effect they might have.
  • Control cyber risk – Identify ways to reduce cyber risk, as well as identify and evaluate methods that can assist the organization in mitigating those risks.
  • Review cyber risk controls – Monitoring and assessing the effectiveness of controls on a regular basis, as well as adding or adjusting them as needed.

eSentire Managed Risk Services

Take control of cyber risk. eSentire offers multiple Managed Risk Services, tailored to your business needs, to help your organization proactively identify gaps and refine your cybersecurity strategy. This includes a regular cadence of security assessments and testing to continue to strengthen your security posture

Learn how eSentire Multi-Signal Managed Detection and Response stops threats before they impact your business.