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Enterprise Security Magazine | Friday, March 19, 2021
When looking for cyber risk assessment tools, look for ones that can be incorporated into the current security framework, as this will remove threat detection silos and reduce the chances of false positives.
FREMONT, CA: For several enterprise organizations, administering risk assessments is the first step in developing an effective cyber threat management system. These evaluations provide visibility that can be used to drive high-level cybersecurity decisions, making them a valuable tool for businesses of all sizes. The effectiveness of cyber evaluations, however, is highly dependent on the methods used to perform them.
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Here are three risk assessment tools one can use to improve the company's security operations:
Automated Questionnaires
A key element of cyber risk assessments is the questionnaires one uses to evaluate the third-party risk. Creating and submitting questionnaires requires a lot of time and effort, and validating answers can be challenging. By designing vendor-specific questionnaires that can be submitted and monitored at scale, an automated questionnaire platform can help solve these challenges. This improves accountability between the business and the vendors by observing their responses to questions in real-time, allowing for more efficient questionnaire management.
Security Ratings
Security ratings are an important tool for evaluating cyber risk since they provide a data-driven, analytical view of an organization's cybersecurity posture. Although security ratings were originally used to measure third-party risk, many companies are now using them to monitor their internal security initiatives. These are particularly useful because they provide valuable insight into various security topics, such as attack surface management and threat detection. Organizations may use security rating systems to verify vendor questionnaire answers, allowing them to take a more comprehensive approach to vendor risk management.
Tools Offered by Third and Fourth-Party Vendors
Third-party vendors that offer network solutions also provide tools that enable them to search their products for problems. If one works with third-party vendors, ensure to inquire about vendor-provided resources, which are often free. Google, for example, offers many free security tools for evaluating the security status of internet-connected systems. These can be used in conjunction with other security assessment solutions to calculate the current risk profile.
See also: Top CyberSecurity Companies
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