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The Importance of Cybersecurity Risk Assessments

Image of people looking through code on a computer.

With phishing, ransomware, and IoT attacks growing approximately 50% over the course of 2022, businesses are in greater danger than ever before. One of the best techniques businesses can deploy to defend against cyberattacks is a cybersecurity risk assessment.

Learn why your business should conduct a cybersecurity risk assessment and why they’re a requirement for any business owner emphasizing security importance in their business.

The Benefits of Cybersecurity Risk Assessments

Identification of Cyber Risks and Vulnerabilities

One of the primary benefits of a cybersecurity risk assessment is that it helps you identify cyber risks and vulnerabilities in your software, hardware, and networks. Through this process, you can develop an understanding of which areas are vulnerable and what steps need to be taken to minimize exposure. Additionally, you can also learn how these risks may affect your business operations if they were to be exploited. This allows you to build a more comprehensive cybersecurity mitigation plan, complete with intrusion prevention system updates, stronger authentication and access control measures, and regular security patching.

Security Control Documentation

Another key benefit of a cybersecurity risk assessment is that it allows you to document your security control measures. This includes documenting the types of security controls you have in place, identifying any vulnerabilities that could be exploited, and outlining what steps need to be taken if an attack were to occur. Having this documentation can help make sure your employees know how to respond if an attack were to occur, as well as provide evidence of due diligence should you face legal action or investigations in the future.

Valuable Insight From an Expert

By engaging an experienced cybersecurity professional to conduct a risk assessment, you can get valuable insight from the industry experts you work with. These experts have the knowledge and experience to identify potential threats and vulnerabilities that may exist in your systems and can recommend ways to mitigate or prevent these threats. Through this process, you can identify security gaps and develop a mitigation plan that includes the implementation of intrusion prevention systems, antivirus software, and other measures to protect your data and networks.

Simplify Compliance

A risk assessment can help you meet compliance standards that are set by regulatory bodies such as the Department of Defense and the Payment Card Industry (PCI). A risk assessment can help you simplify the process of meeting these standards by providing an in-depth review of existing security measures. This allows you to identify any vulnerabilities or weaknesses that may exist within your systems, which you can then address through the implementation of appropriate security measures.

Get Your Risk Assessment Today

At 12 Points Technologies, LLC, we understand the importance of a cybersecurity risk assessment and are committed to helping businesses protect their data. Our team of security experts can help you create a comprehensive cybersecurity mitigation plan that includes the implementation of intrusion prevention systems, antivirus software, and other measures to protect your company’s data and networks. Contact us today to get started on your risk assessment.

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