How Do Companies Remediate Their Risks After Identifying Gaps?
Companies that regularly handle any amount of sensitive data belonging to their customers or employees are constantly conducting risk assessments to check their security posture. The next step after identifying the gaps in an organization’s security system is to devise a plan for remediating the risks.
Here are some of the steps that companies take to remediate their risks after identifying gaps in information security:
The first step in risk remediation is communication. As soon as an information security threat is identified in your organization, the nature and impact of the cyber threat must be communicated to all the stakeholders. Communication helps in multiple ways. One, it enhances the visibility of the risks in question and the remediation efforts being undertaken to secure your organization against those risks. Two, it brings together experts from different departments in your organization to help you ward off the security risks. Three, it draws the attention of top-tier, CXO level staff in your organization towards the gravity of the cybersecurity risks threatening your organization’s data.
Having identified the gaps in your organization’s security, it is important to allocate and mobilize the resources necessary to remediate those risks. This includes the allocation of financial, hardware, software, and human resources. For prompt remediation, it is also important to improve the visibility of resources in your organization. Knowing exactly what resources are available to you for conducting an efficient remediation operation when required will save you a lot of time later. This, in turn, will improve the efficiency of your remediation efforts.
An actionable remediation plan
Remediation must be a well thought out process. After a thorough assessment of all security and compliance risks, companies come up with an actionable remediation plan that can protect their business operations in the wake of a security disaster. The plan is laid out in a way that is easy to act upon and readily understood by all the members of the security team in charge.
Integration of risks with remediation
Integrating security and compliance risks with your corresponding remediation efforts can make the process of risk remediation a lot quicker and simpler. It helps improve the visibility of remediation efforts. This makes it easier to know what further steps are required to improve upon the remediation process and to eliminate the risk completely. Therefore, companies integrate their remediation plans with the risks identified during risk assessments.
An often-ignored subtask under risk remediation risk reassessment. It is not enough to undertake the remediation measures listed out in your information security policy. Once remediated, companies must perform another risk assessment to better judge the vulnerability of their data assets. Perhaps the risk is not completely gone. Perhaps their security policy missed an important aspect of the risk that is yet to be remediated. Companies conduct a risk reassessment to find this out.
If you are establishing a new venture that needs an information security and remediation plan, or if you are revamping your current remediation plans, think of the steps we have described above to make your remediation measures efficient.