What is Cyber Risk Management?

Cyber Risk Management, its like, (you know), trying to keep the bad guys outta your digital house!

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Its not just about having like, a super strong password (though that helps!), its a whole process, a system, really. Think of it as identifying all the possible ways someone could break in – maybe they try to steal your data, mess with your website, or even just shut down your whole system.

So, first you gotta figure out whats valuable to you. What information do you really need to protect? Is it customer data, intellectual property, or just your cat videos? (Okay, maybe not the cat videos). Then, you gotta figure out how vulnerable you are!

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Like, do you have outdated software? Are your employees falling for phishing scams? Are you using the same password for everything (uh oh!)?

After youve identified the risks and vulnerabilities, you gotta, like, do something about it. Thats where the “management” part comes in! You might install firewalls, train your employees on security best practices, implement multi-factor authentication (seriously, do it!), or even buy cyber insurance.

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Its not a one-time thing either! The cyber landscape is always changing, so you gotta keep monitoring your systems and updating your defenses.

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Its like a constant game of cat and mouse, but instead of a cat and mouse, its you and hackers. Cyber risk management, is a important part of keeping your business, or even yourself, safe online!

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Its a never ending job, but a necessary one!!

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IoT Security: Addressing Cyber Risks in Connected Devices