Like deck building tabletop games, enterprise risk management (ERM) frameworks offer different strategies for determining risk and how to mitigate those risks.

In the age of digital warfare, successful businesses always stay connected with modern risk management techniques and also keep themselves abreast of a variety of risks that can affect their earning and business continuity.

A business wants to hire a vendor. However, this vendor does not meet policy standards and has requested an exception. The question you face is whether or not to approve or deny that exception request. What’s good for business sometimes comes with added risk. In fact, many incidents are the direct result of a policy violation. For risk management, and business needs, maybe the answer isn’t a simple yay or nay but a more nuanced approach.

UpGuard CyberRisk enables organizations to control and monitor third-party vendor risk in real-time and improve their security posture. Since we launched CyberRisk, our team has been speaking to users and evolved the platform into two new modules, BreachSight and VendorRisk. Combined with a redesigned user experience, UpGuard is easier to use than ever.

Defined as critical infrastructure, the oil & gas industry increasingly faces cybersecurity risks as nation-state cybercriminals attempt to undermine other countries. The integration of information technology (IT) systems into operational technologies (OT) creates a unique threat to the oil and gas industry that places both the companies and the public at risk.

Insurance companies know how to insure their clients’ homes, cars, and businesses, but they may find it difficult to ensure that the information they collect remains secure. While the insurance industry focuses on risk-based analyses for premiums, it needs to focus internally and use those same risk management processes for securing customer information.

Supervisory Control Data Acquisition Systems (SCADA) communicate with industrial control systems (ICS) to provide manufacturers monitoring and analysis in real-time. However, the SCADA systems, established initially in the 1960s, cannot keep pace with the speed at which cybercriminals evolve their threat methodologies. Understanding risk assessment in the manufacturing industry means recognizing the concerns specific to these technologies.

Developing software while maintaining its embedded security can feel like the “Impossible Dream.” As you update your product, you’re potentially adding new vulnerabilities. As part of the risk management process in software engineering, you need to work with cybersecurity professionals throughout the software development life cycle (SDLC) to create a mature security profile.