cyber insurance

Mon
12
Jun

Last Line of Defense: Cyber-Insurance

Last Line of Defense: Cyber-Insurance
The booming phrase in Information Security/Cyber Security around which is becoming the backbone of every organization and the businesses-corporates revolve around is Risk Management. As a part of risk treatment, identified risks could be mitigated in 4 ways: Accept, Avoid, Reduce and Transfer.
 
Accept: With this mitigation approach, the technical and business impact of identified risk is measured against the organization’s risk appetite and accepted if found negligible.
 
Avoid: This approach direct the closure of business area leading to high risk due to the hefty effort involved in mitigation of the same. 
 

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