Protecting your organization against security incidents is easy enough in theory, but many businesses struggle to find the right approach when it comes to their cybersecurity. As the digital transformation takes hold of the modern business environment, implementing safeguards to your organization’s critical information is only going to become more critical for survival-and if you aren’t doing so already, it’s time for your organization to take proactive protective measures.

Most organizations have at least one thing in common: every year, they’re generating and consuming more and more data. Dealing with all this data can be overwhelming, and especially so for those organizations that haven’t fully embraced the digital transformation and the cultural shifts that come along with it. As your data grows, so too does the risk that your data will be exposed to unauthorized parties in a security incident called a data breach or a data leak.

For many years and across industries, enterprise risk management (ERM) has always been an important part of any successful business operation. Organizations of all types and sizes face a number of external and internal factors that make it uncertain whether they will achieve their goals; ERM can bring that uncertainty to lower levels. Understanding the risks to your organization can help you make better decisions about how to reduce those risks; that’s where risk management comes in.

In an ideal world, every organization would operate at peak capacity, have perfectly efficient operations, and never experience system failures, cyberattacks, or fraud. In the real world, however, it’s impossible to avoid such adverse events completely. Every organization faces problems due to weak business processes, system downtime, human error, and cybersecurity attacks. Businesses can, however, manage and mitigate the risks that lead to such events, to keep your business functional and viable.

Cybersecurity is a constant, serious threat to the healthcare industry. Unfortunately, however, the risks to cybersecurity and data security in healthcare are only one part of the larger risk management puzzle for healthcare organizations. Infections, alarm fatigue, telemedicine, and a lack of emergency preparedness also pose severe threats in healthcare. To minimize exposure, healthcare organizations require a comprehensive risk management program.

Last year was a record year for cybersecurity attacks, with the number of encrypted threats spiking by 167% (10.4 million attacks), ransomware attacks rising by 105% (623.3 million attacks), and intrusion attempts increasing by 11% (5.3 trillion).** Risk management is a fundamental principle of cybersecurity, which is why we are so excited to share that Reciprocity has won two Cyber Defense Global InfoSec Awards from Cyber Defense Magazine (CDM): the Hot Company – Risk Management award and the Cutti