Risk management involves the practice of addressing and handling threats to the organization in the form of cybersecurity attacks and compromised or lost data. The process of establishing appropriate risk management guidelines is critical to ensure company operations and reputation do not suffer adverse impacts.

The purpose of this policy, written by Scott Matteson for TechRepublic Premium, is to provide guidelines for establishing and maintaining appropriate risk management practices.

Featured text from the policy:

ESTABLISH DUTIES OF THE POLICY OWNER, POLICY CUSTODIAN AND AUDIT TEAM

The policy owner shall be the chief cybersecurity officer who is responsible for the oversight of the development, review, approval and effective implementation of the policy within their responsibilities.

These procedures need to be provided on a periodic basis to all risk-related personnel:

An assessment of the company’s top specific risks and how these are being mitigated.

An assessment of the company’s overall levels of risk and exposure and a statement of whether these indicate the need to change the company’s Risk Management Policy.

Improve your risk management practices with our eight-page policy document. Previously priced at $99, this is now available for download at just $9. Alternatively, enjoy complimentary access with a Premium annual subscription. Click here to find out more.

TIME SAVED: Crafting this content required 16 hours of dedicated writing, editing and research.