Cyber threats are constantly evolving, thus requiring an adaptive approach developed by De Morgan Cyber Security Risk Management to cyber security, where risks and are regularly reviewed, and the appropriateness of your current measures are determined, adapting to this approach is the most effective way of protecting your organisation. Risk management is a key requirement of many information security standards and frameworks, as well as laws.
The cyber security measures you implement are based on your organisation’s unique risk profile, using this risk-based approach meaning that you will not waste time, effort or expense addressing irrelevant or unlikely threats.
De Morgan Intelligence can help you develop a security risk management strategy, enabling you to take an adaptive and systematic approach to managing your risks. De Morgan Intelligence Cyber Risk Management takes the idea of real world risk management and applies it to the cyberworld.
The De Morgan adaptive approach follows the process of identifying, analysing, evaluating and addressing your organisation’s cyber risks. The first stage of this cyber risk management process is a cyber risk assessment. The assessment gives a snapshot of the threats that might compromise your company’s/organisation’s cyber security and an estimate of their severity. The organisation needs to determine what assets it needs to protect and prioritise.
Cyber risk = Consequence of attack x Likelihood of attack
Your organisation’s risk appetite, will influence your cyber risk management programme. Our assessment of your risk acceptable level of risk will then determine how to prioritise, and how you should respond to those risks.
De Morgan uses AI models that can detect potential security threats, vulnerabilities, and malicious activities to stop them before causing any harm. Using machine learning and security we are able to predict future terrorist threats, and use predictive analysis to detect variations in known malware code. Using AI in cybersecurity can also help automate password protection and authentication and avoid human errors. AI isn’t a replacement for cybersecurity experts, but they can work together to create better security tools.
Our Cyber Risk Management Approach will follow the process below:
Decide on the response to each risk, using one of the four options below:
As cyber risk management is a continual process, your risks must be continually monitored to make sure they are still acceptable, and controls must be reviewed to make sure they are still fit for purpose, with changes made as and when required. The Makarov Risk Management approach and service can be applied to organisations of any size, and any combinations or types of IT infrastructure.
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