Five benefits of cyber security risk assessment

What is cyber security?

Protection for your internet-connected systems in regards to the data from any cybercrime or fraud is what cyber security is all about. According to Manan Ghadawala, the founder of 21Twelve Interactive, it’s when you have an individual confidential document, and you keep them safe and secure in a place where no one except you has access to it.

To protect your data from cyber security risk, you have to keep it safe and secure too. If you look at Cyber Security Risk Analysis, it is said that there has been a 48% increase in the rate of cyber crime. The evolving nature of the internet is creating higher risks.

Cyber security assessment can provide you protection against the risks and threats by giving suggestions to improve your cyber security. We know the value of our data, and the confidential files that we have for our company or our organisation, and one should know how important it is to protect them. We need to perform a risk assessment for our organisation as soon as we come up with new confidential and data to be protected. Prevention is better than cure, that is why we need to safeguard the data before placing it in public so that we prevent cyber crime.

Here are a few benefits of a cyber security risk assessment;

1) Identifies vulnerabilities

The risk assessment will help you identify risks and threats for your system, whether internal or external. This will help the organisation to understand the insufficiency and the drawback in the security policies that are there for the organisation and will give a list of the threats and risks so that they get a light on how to improve and increase the risk assessment for the security.

2) Security requirements

When you have an analysis and when you have identified and have a list of the threats and risks for your organisation on the basis of a cyber risk assessment report you will come across the new security requirements that you need to arrange and make a note of as that will help you have better and more secured policies for your organisation.

Additional helpful resources:

Best way to protect your website

Best tips to improve the security for mobile banking apps

Solutions to secure your website from cyber threats in 2019

3) Document security

When you run an organisation, you have plenty of documents to be taken care of which can include insurance papers, partner agreements, bank documents, organisation documents, etc. Having a proper and secured security policy for this kind of documents is a must as they can act as evidence. This is how you will take a step for the protection and security of your data and network.

4) Educates employees

When you have a group of people working in your organisation, you make sure they settle in the work environment and follow the culture that you have set for your organisation. When you explain cyber security risk assessment in your organisation and present to them with the importance of risk assessment, they will also work on it for the betterment of the organisation, and this is how they will get educated about cyber security and will be more cautious when there is new data to be launched.

Manan Ghadawala

5) Motivation increases

When you spread the awareness of risk assessment of cyber security in your organisation, your employees will feel that the work they do and the data they form is essential to the organisation and they want to keep it safe. This spreads the motivation vibe in your staff, and they tend to be more keen and excited to work, and to make sure they take steps to secure your data.

Conclusion

A properly built data security risk assessment will lead you and your organisation to better manage your data’s security. As an organisation, you can either build the security polices yourself or you can take up the existing polices available in the market for computer security risk assessment. The ISO 17799 security management provides significant security policies, but also it depends on organisation-to-organisation to whether take it up or form one.

These are a few of the advantages of cyber security and show how every organisation should have a risk assessment team.

The author is Manan Ghadawala, the founder of 21Twelve Interactive, a mobile app development company in India and the USA

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