As the cost of cybercrime increases and cyber threats become more sophisticated than ever, you need a cybersecurity strategy that goes beyond cyber risk management. To stay ahead of modern cyber threats, you need to build a cyber resilient security operation that enables your business to anticipate, withstand, and recover from the most advanced cyberattacks.

Adopt a Risk-Based Approach to Cybersecurity

As cyber risks grow in number and complexity, business leaders are left wondering just how effective their cybersecurity programs are. When it comes to developing and managing effective cybersecurity operations, the debate within the industry appears to be: should you adopt a maturity-based approach or a risk-based approach

Using a Maturity-Based Approach: This is the traditional approach to cyber risk management, wherein organizations aim to achieve a desired level of maturity by implementing certain capabilities and controls. This allows you to demonstrate the controls and defenses your organization has built based on standard industry frameworks (e.g., NIST or CMMC).

However, the drawback is that this model may require a hefty financial investment if the focus is placed on building a multi-layer of defense against everything.

Using a Risk-Based Approach: This approach allows business leaders to direct investments against the most pressing cyber threats with the goal of effectively reducing cyber risk over time. This is a more cost-effective cyber risk management approach that leads to superior security outcomes when compared to
maturity-based or compliance-based approaches.

So, why adopt a risk-based approach to cybersecurity?

A risk-based approach to your cybersecurity program provides deep visibility into your environment with 24/7 threat detection and response. By leveraging an approach centered on cyber risk management, business leaders have the option to invest heavily in defenses for the vulnerabilities that affect the business’ most critical areas.