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Risk Management Policy
2024-03-18 16:00

Risk management involves the practice of addressing and handling threats to the organization in the form of cybersecurity attacks and compromised or lost data.

The process of establishing appropriate risk management guidelines is critical to ensure company operations and reputation do not suffer adverse impacts.

Written by Scott Matteson for TechRepublic Premium is to provide guidelines for establishing and maintaining appropriate risk management practices.

ESTABLISH DUTIES OF THE POLICY OWNER, POLICY CUSTODIAN AND AUDIT TEAM. The policy owner shall be the chief cybersecurity officer who is responsible for the oversight of the development, review, approval and effective implementation of the policy within their responsibilities.

An assessment of the company's overall levels of risk and exposure and a statement of whether these indicate the need to change the company's Risk Management Policy.

Improve your risk management practices with our eight-page policy document.

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