The processes involved in risk management are inevitably crucial to favor the right decision-making across the risk lifecycle. Effective risk management is grounded on a range of success factors and the right interplay between them where communicating risks becomes a quintessential facet to understand and interpret vulnerabilities in an effortless way.
Understanding and then communicating, and communicating to make it better understood are the two affiliated equations in risk management that help translate technical risks into something that is oversimple and schematic at the same time.
Risk assessment is often quite clear and simple to follow but when it comes to communicating sensitive information outside the safety department it must be in its simplest form: presenting no difficulty and without any text decoration.
Here we are orienting our focus towards Cyber Risk Scores that explain the chances of a risk playing out in a certain way, thus, improving the overall comprehension of risk-based terminologies and concepts.
A cyber risk score is a numeric score that translates the wealth of data after risk scans and vulnerability checks and executions and displays this information in a compact numeric form.
“Risk scoring combines the extent of the weakness and the value of the asset.”
These digits are associated with high, low, medium criticalities of vulnerabilities and represent actionable insights into risks and vulnerability management that businesses and stakeholders can relatably understand without knowing the in-depth dynamics of risk-based vulnerability management.
The risk scores give an understanding of the confidentiality and integrity of business assets that measures the impact on the systems, software, networks, and applications that can be taken down or experience exploitation, targeting their vulnerable areas.
The numerical cyber risk score scale helps organizations to perceive the strength of their cyber security program, correlating the data against the internal/external threat landscape to maintain a desirable overall security posture.
Know the cyber security state of your IT infrastructure through a real-time cyber risk scorecard and act accordingly to execute the remediation steps to eliminate data vulnerabilities.
The Predictable ESOF Cyber Score depicts the data vulnerability score in accordance with the severity level of weaknesses of the organizational assets that may compromise on data integrity and operational efficiencies.
It’s one rating, color-coded that anyone can recognize and acknowledge to prioritize which risks to address and mitigate first.
Having a risk score system, your organization can more easily communicate the overall level of risks, providing meaningful, accurate, and relevant information in clear and understandable terms.
“Cyber Score is calculated via a complex AI algorithm that computes the arithmetical value of a cyber threat based on type, austerity, and count of vulnerabilities found.”
In relation to the management of risks, having clarity over the severity of vulnerabilities, major areas to prioritize, and personnel responsibilities become primary factors to prevent incidents from happening.
The Future of Risk and Vulnerability Management can be predicted on a single platform ESOF (Enterprise Security in One Framework) with a single risk management scoring that acquaints you with the most critical vulnerabilities and vulnerable assets within your infrastructure to simplify the remediation process.
So get ready to learn how to communicate risks via a super-simple scorecard offered by TACSecurity’s ESOF Console that is powered by the robust technologies of Artificial Intelligence and Machine Learning.
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