Security News > 2022 > November > Best practices for implementing a company-wide risk analysis program
The associated risk management programs are also constantly evolving, and that's likely due to outside influences such as client contract requirements, board requests and/or specific security incidents that require security teams to rethink and strengthen their strategy.
A mature risk analysis program can be thought of as a pyramid.
How do you kickstart that program? Here are five steps that I've found effective for getting risk analysis off the ground.
Efficient risk analysis requires a more practical approach that uses broad categories, which can then be prioritized to understand where deeper analysis is needed.
That's why I encourage keeping it simple and overestimating when valuing assets - the goal is to broadly assess the likelihood and impact of risk so that we can better focus resources, not to get the equations themselves perfectly accurate.
That's the whole point of the risk analysis, so that security professionals can best focus efforts where and how appropriate to mitigate overall organizational risk.