A good risk management program provides business leaders the knowledge they need to make risk-informed strategic decisions that increase organizational resilience. While avoiding all breaches may not be possible, companies can establish risk tolerance levels and manage activities accordingly. A well-considered risk-management strategy allows a business to prioritize investments in programs that will have the greatest impact on reducing risk while still meeting business objectives.
Resilience to loss events.
Effective & efficient use of resources.
Justified and comprehensible investment.
Risk informed decision making.
Cyber and IT risk management
When it comes to cyber security, there can be no cutting corners. You must understand and recognize any and all of your organization’s risks to stay secure and compliant. In anticipation of cyber security vulnerabilities, you need an automated method of processing and reporting dangers and threats. STREAM’s Cyber Risk Management application is purpose-built for cyber security, including all stakeholders across the enterprise in the cyber operating model. Once in place, STREAM empowers your enterprise to align its enterprise risk management framework with its business risk tolerance.
Cyber and IT risks are continual. They change shape, rise and fall as risk factors change. Organizations need to operationalize risk management so management can see where risk levels have exceeded established tolerances and initiate appropriate action. Here are the steps involved in managing cyber and IT risks using STREAM.
See all the risk factors and correlations your organization faces, updated automatically as they change.
Measure the risks
Using configurable quantitative, qualitative or mixed-mode risk assessments, determine how significant each risk is.
Test for tolerance
Compare the risk profiles against your organization’s risk tolerance standards.
Check best practices
Plan your response by checking pre-configured catalogs detailing best practices for known threats.
Prioritize your responses
Use risk-based prioritization automation to address risks in order of significance.
Plan security investments based on ROI
Improve security readiness with ROI-based analysis of security investment options.