Risk mitigation strategies are powerful tools for handling the unknown risks and uncertainties in our day-to-day lives.

By Sarala Rajeshuni

Have you ever wondered how you would handle an unexpected challenge? Organizations face such tests daily, especially from cyberattacks. These threats have no boundaries and can severely impact businesses, governments, schools, and individuals. The consequences include financial losses, stolen data, and damaged reputations.

Cyber threats often strike without warning. They come from foreign adversaries, cybercriminals, or insiders. Recovery is expensive, and the effects can linger. However, strong risk mitigation strategies can reduce the damage. These strategies protect systems, data, and networks. They also help security teams investigate and recover more effectively.

To address these risks, organizations need tailored cyber risk mitigation plans.

These should include:

A cybersecurity governance framework to align priorities with security.
Awareness programs to educate employees on potential threats.
Protective technologies to defend against attacks.
An Incident Response Plan to respond quickly to breaches.

Investing in cybersecurity is essential. It’s better to prevent damage than deal with its aftermath. Protecting systems, networks, and sensitive data is a must for every organization’s future.

Sarala Rajeshuni is an SMA Principal Associate in our Program & Operations Management Practice and is certified in Project Management, Leadership and Cyber Risk Mitigation.

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Edited by Tawnia Luong