What is Risk-Based Vulnerability Management ?

Risk-Based Vulnerability Management (RBVM) is the process of prioritizing vulnerabilities for remediation based on the level of risk each vulnerability discovered, poses to your organization and IT Infrastructure. 

The RBVM method allows the organization to prioritize their vulnerabilities discovered on the basis of the severity, making it time and cost-effective while having a concrete cybersecurity process in place.

Difference between Risk-Based Vulnerability Management and Legacy Vulnerability Management

Legacy Vulnerability Management tools produce reports that may have a large number of vulnerabilities found in the Infrastructure. The reports are then shared with the IT which in turn sends them spiraling to remediate the vulnerabilities that are not important for the organization, missing out on the critical ones that could potentially help the adversaries impact your business.

Risk-Based Vulnerability Management allows you to prioritize and focus on risks that are critical and need to be remediated immediately, helping organizations ensure their cybersecurity levels and safety. 

RBVM is a modern approach that simplifies the board room conversations and lets the security leaders improve their cybersecurity process while giving them exact information of where their security levels stand,

Planning and Implementing
Risk-Based Vulnerability Management System for your organization

To have a complete Risk-Based Vulnerability Management approach for the organization, one must adopt the following 5 step process – 

  • Discover – Find all the available assets, endpoints, devices, software, etc available in your organization
  • Assess – Assess all the assets, serves, software, etc for vulnerabilities in your system
  • Prioritize – Prioritize the critical vulnerabilities discovered in your system
  • Remediate – Remediate all vulnerabilities found, effectively 
  • Quantify – To understand your strategies and make better decisions, know your CyberScore and effectively communicate the same across the organization.

Best Practices for Risk-Based Vulnerability Management

Compared to the worn-out Legacy Vulnerability Management system, an organization can have a more proactive approach to secure their IT infrastructure with the Risk-Based Vulnerability Management system.

Here are some of the best practices – 

  • Include the complete IT infrastructure available in the organization to the security process, this includes but is not limited to the servers, endpoints, software, hardware, and more.
  • Collect and monitor the assessment in real-time across your organization
  • Onboard a risk-based vulnerability management product or tool with criteria matching your organization’s needs for cybersecurity
  • Use the progressive reports, cyber score, and more to communicate with the key stakeholders, enabling them to understand the cybersecurity posture of the organization. It is important to have role-based information and results for everyone to relate to and improve on their contribution

Picking the right Risk-Based Vulnerability Management solution for your organization

It is important to note that not all Risk-Based Vulnerability Management solutions are the same and hence the organization’s requirements need to be prioritized before assessing various products available in the market.

From there, you can draft various questions to understand if the products match your requirements through various stages of discovery, assessing, prioritizing, remediate, and quantification.

Risk-based solutions can also be incorporated into your current cybersecurity process. 

Request a demo to try our Risk-Based Vulnerability Management options.

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