What Are Cyber Risk Controls and How Can They Protect Your Business?

What Are Cyber Risk Controls and How Can They Protect Your Business?
Are you aware of the different cyber risks your business could face? Cyber risks are different from traditional risks, and it's important to be aware of what you can do to protect your business from cyber attacks. Luckily, there are many ways to do just that, and they're called cyber risk controls.

First off, let’s talk about the different types of cyber risks out there. Cyber risks usually come from outside of your organization, with hackers and cybercriminals using tactics like phishing, ransomware, malware, and more to infiltrate your company’s digital systems. Phishing involves sending fraudulent emails that appear to be legitimate, hoping to get people to click on a link and enter their personal information. Ransomware, on the other hand, locks up your computer programs and data, and only unlocks them if you pay a ransom. Malware involves using a file or code to infect and explore a program or computer, allowing hackers to steal information, gain unauthorized access to locked systems, and destroy records.

Fortunately, there are ways to protect yourself from these types of attacks. Cyber risk controls fall into four main categories:

Network controls: These include firewalls, email security, and remote access VPNs that keep people out of your company’s network.
Digital access controls: These involve password-protecting important information and assets, and limiting access to only those who need it.

Organization controls: These involve creating a protocol for your company and training employees on safe cyber policies.
Worker/employee controls: These ensure that people are well-trained and vigilant about avoiding cyber risks.

To ensure that your business is well-protected, you’ll need to create a digital assets inventory to understand where your resources lie and how they relate to your everyday business activities. With a good understanding of your digital risks and the proper protective measures in place, you’ll be able to keep your business safe from cyber attacks and recover from any losses that may occur.

In short, cyber risk controls are a crucial part of any business’s digital security strategy, and it’s important to stay informed and vigilant when it comes to protecting your company from cyber threats.

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