Risk Management in Cybersecurity: A Practical Approach #cybersecurity #riskmanagment

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Welcome to our quick guide on cyber security risk assessment In just 2 minutes we will cover how to identify evaluate and manage the risk to keep your digital assets secure Step one identify the risk Think about potential threats like cyber attack data breaches or insider threats Consider anything that could harm your organization from malware and phishing to the natural disaster Step 2 assess the impact and likelihood of those risks Determine how likely each risk is to occur and when it occur then what will be the consequences This helps you prioritize which risk need immediate attention Use the risk matrix to categorize these risks visualize their severity and probability to focus on most critical issues first This makes it easier to allocate the resources and implement effective security controls step 3 implement controls and mitigation strategies this might include updating a software enhancing the network security or training to your team the goal is to reduce both likelihood and impact of each risk Remember risk assessment isn't a one-time task or activity It's an ongoing process Regularly review and update your risk management strategies to stay ahead of new threats and changes in your environment thanks for listening if you found this guide is helpful subscribe for more cyber security tips and stay tuned for our next video stay safe and keep your digital world secure now i sign off thank you