Holistic Cyber Risk Management

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Holistic Cyber Risk Management is a comprehensive and integrated approach to cybersecurity that considers the interconnectedness of all aspects of an organization. Its goal is to manage and mitigate cyber risks effectively.

Here's a detailed breakdown:

  • Comprehensive Scope: It goes beyond simply focusing on individual technical vulnerabilities. Holistic cyber risk management encompasses:

    • People: Training, awareness, insider threats.

    • Processes: Policies, procedures, incident response.

    • Technology: Hardware, software, networks.

    • Data: Protection of sensitive information.

    • Physical Security: Intersections with cybersecurity (e.g., access control to data centers).

  • Integrated Approach: It emphasizes breaking down silos between different departments and security functions. This means:

    • Communication and collaboration between IT, security, legal, compliance, and business units.

    • Coordinate security controls and strategies across the organization.

  • Risk-Based Focus: It prioritizes cyber risks based on their potential impact on the organization's objectives. This involves:

    • Identifying critical assets and business processes.

    • Assessing the likelihood and impact of cyber threats.

    • Allocating resources to mitigate the highest-priority risks.

  • Business Alignment: It aligns cybersecurity with the overall business strategy and objectives. This ensures that security efforts support the organization's goals and risk tolerance.

  • Continuous Improvement: It recognizes that the cyber threat landscape is constantly evolving. Holistic cyber risk management involves:

    • Ongoing monitoring and assessment of cyber risks.

    • Regular review and updating of security policies and procedures.

    • Adapting to new threats and vulnerabilities.

Holistic Cyber Risk Management is about creating a strong and resilient cybersecurity posture by considering all relevant factors and integrating security into the organization's fabric.

Based on the provided description, here's how ThreatNG supports Holistic Cyber Risk Management:

1. External Discovery

ThreatNG's external discovery provides a comprehensive view of an organization's digital footprint, which is the first step in Holistic Cyber Risk Management. ThreatNG helps organizations understand their attack surface and potential vulnerabilities by discovering all external-facing assets. This aligns with the "Comprehensive Scope" of Holistic Cyber Risk Management. For example, ThreatNG discovers:

This broad discovery helps organizations avoid blind spots in their security posture.

2. External Assessment

ThreatNG's external assessments provide detailed evaluations of various cyber risks, contributing to a risk-based approach. ThreatNG doesn't just find assets; it assesses their security posture. Examples include:

These assessments help prioritize risks based on their potential impact.

3. Reporting

ThreatNG's reporting capabilities facilitate communication and collaboration, key aspects of the "integrated approach."

  • ThreatNG provides various reports, including executive, technical, and prioritized reports.

  • These reports can present complex security information clearly and actionably, enabling different teams to effectively understand and address cyber risks.

4. Continuous Monitoring

ThreatNG's continuous monitoring aligns with the "Continuous Improvement" principle of Holistic Cyber Risk Management.

  • ThreatNG continuously monitors the external attack surface, digital risk, and security ratings.

  • This ensures that organizations are aware of changes in their risk posture and can adapt to the evolving threat landscape.

5. Investigation Modules

ThreatNG's investigation modules provide in-depth information for analyzing cyber risks, supporting informed decision-making. Examples include:

These modules enable a deeper understanding of the "Technology" and "Data" aspects of Holistic Cyber Risk Management.

6. Intelligence Repositories

ThreatNG's intelligence repositories contribute to a threat-informed approach.

  • These repositories include data on dark web activity, compromised credentials, and known vulnerabilities.

  • This information helps organizations understand the current threat landscape and prioritize risks accordingly.

7. Working with Complementary Solutions

ThreatNG is designed to work with other security solutions, promoting the "Integrated Approach."

  • While the document doesn't detail specific integrations, ThreatNG's capabilities would complement solutions like SIEM, SOAR, and vulnerability management tools.

  • For example, ThreatNG's external threat intelligence can enhance the context of alerts in a SIEM system.

ThreatNG provides a platform that supports many aspects of Holistic Cyber Risk Management. Its capabilities contribute to a comprehensive, risk-based, and proactive approach to cybersecurity.

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Unified External Threat Surface Protection

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ESG Risk Monitoring