Risk Management for Your Organisation
Managing cyber risks is crucial for protecting your organisation’s data and operations. The National Cyber Security Centre (NCSC) offers practical guidance to help you understand and mitigate these risks effectively.
1. Identify Your Assets:
- List all the valuable data, systems, and services your organisation relies on. This includes customer data, financial information, and IT infrastructure. Understanding what needs protection is the first step in effective risk management.
2. Assess Risks:
- Evaluate the potential threats and vulnerabilities to these assets. Consider cyber-attacks, data breaches, and system failures. Statistics show that 46% of businesses experienced a cyber-attack in the last year, highlighting the importance of this step.
3. Implement Controls:
- Put in place security measures to protect your assets. This includes firewalls, encryption, and regular software updates. The NCSC reports that good cyber hygiene practices can prevent up to 80% of cyber-attacks.
4. Monitor and Review:
- Continuously monitor your systems for any signs of threats. Regularly review and update your risk management practices to adapt to new challenges. The NCSC suggests performing annual reviews at a minimum.
5. Create a Response Plan:
- Develop a plan to respond swiftly to any incidents. This should include steps to mitigate damage and recover normal operations quickly. Having a response plan can reduce the impact of a breach by up to 40%.
By following these steps, you can significantly reduce the risk of cyber incidents affecting your organisation. For detailed guidance, visit the NCSC Risk Management Collection.
