What’s the Purpose of a Cybersecurity Risk Assessment?

What's the Purpose of a Cybersecurity Risk Assessment?

 

It's almost the end of 2023, and cyberattack damage costs are continuously increasing.

And by 2025, these costs are predicted to rack up to a whopping $10.5 trillion annually.

Cybersecurity Risk Assessments will significantly reduce attacks, if they are conducted regularly. The frequent assessing of your systems will point out and fix those vulnerabilities that cybercriminals yearn to find.

 

What is Cybersecurity Risk Assessment?

A Cybersecurity Risk Assessment is a procedure done for an organization or business in to determine their ability to protect all data, information, and information systems from all kinds of cyberattacks and threats. As per study, over 50% of businesses are concerned on how vulnerable their company to various cyberattacks.

According to the National Institute of Standards and Technology (NIST), cybersecurity risk assessments are used to help businesses identify specific risks that are related to their information systems and take steps to respond to them before they become the gateway to a cyberattack.

With the use of cybersecurity risk assessment tools, your business can analyze which areas are vulnerable and what form of attacks may arise as a result of your existing security gaps. After seeing your results, you can rely on trusted cybersecurity experts to help you understand and further manage your risk.

 

3 Benefits of Conducting Cybersecurity Risk Assessment

  1. Determine Cybersecurity Vulnerabilities: Keep in mind that cybercriminals can easily identify gaps, loose ends and weaknesses of your network system and your entire IT infrastructure.
  2. Easily Mitigate Cybersecurity Threats: It is not a secret that fixing cyberattacks takes a toll on the business in terms of financial aspects and customer service.
  3. Determine If Your Business Is Industry-Compliant: Your business must always adhere to compliance regulations and industry regulations. Your business should be diligent in data security, customer privacy, and employee safety.

 

Jackson Technologies is here to help you mitigate potential cyber problems that can disrupt and destroy your business. Paul Jackson, CEO of Jackson Technologies, works to conduct a CSRA on your business to develop a plan to enhance your cybersecurity and prevent risks that would otherwise be in your near future.

Start protecting and securing your cybersecurity infrastructure with a cybersecurity risk assessment for your business. Every minute you wait - is another minute you’re at risk.

To learn more, contact Jackson Technologies today!