Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

The Risk Management Framework (RMF) is most commonly associated with the NIST SP 800-37 guide for “Applying the Risk Management Framework to Federal Information Systems: A Security Life Cycle Approach,” which has been available for FISMA compliance since 2004. This was the result of a Joint Task Force Transformation Initiative Interagency Working Group; it’s something that every agency of the U.S. government must now abide by and integrate into their processes.

Formulating an IT security risk assessment methodology is a key part of building a robust information security risk management program. The two most popular types of risk assessment methodologies used by assessors are: A risk assessment is a process that aims to identify cybersecurity risks, their sources and how to mitigate them to an acceptable level of risk.

A vendor risk management questionnaire (also known as a third-party risk assessment questionnaire or vendor risk assessment questionnaire) is designed to help your organization identify potential weaknesses among your third-party vendors and partners that could result in a data breach, data leak or other type of cyber attack.

Vendor risk management is the practice of governing third-party access to company data. This is a critical aspect of an organization since vendors view your business information when providing their services. For some, this can turn into a severe vulnerability that can lead to data breaches. In fact, in the past five years, vendors like Home Depot and Target were responsible for those incidents, as reported by Forbes.

Cyber risk is defined as exposure to harm or loss resulting from data breaches or cyber attacks on information systems, information technology and information security. However, this definition must be broadened. A better, more encompassing definition is the risk of financial loss, disruption or reputational damage due to the failure of an organization's cybersecurity strategy.

In an age where businesses are relying more than ever on the rapid advancements in technology to drive innovation, strategy, growth and competitive advantage, it is clear the prevalence of technology is not slowing down. But the increase in new devices and systems that utilize connectivity, as well as the transition to the network of devices and systems that were traditionally air-gapped, brings with it an increased cybersecurity risk.

What do healthcare, banking, and the insurance industry all have in common? RISK! Regardless of industry, having an application, or system compromised could mean the exposure of extremely sensitive information. If such information became public knowledge your business could suffer tremendously. For many companies, a data breach is the worst possible situation imaginable. How does an organization work to reduce the impact of a system being compromised?