Secure your business by identifying and understanding your unique set of risks, evaluating the solutions that address your top company priorities, and creating the budget to finance the right solution. Recognize the myths of securing your business before coming to an informed decision.
Common security misconceptions
Misconception 1: Budget dictates the solution.
A proper evaluation of risk will help company leadership understand the monetary impact of these risks. Once the full impact of business risk is understood, other steps can be implemented in order to justify the cost of solution and receive the appropriate value and return on investment. The proper solution should not be determined by budget constraint alone.
Misconception 2: Risks can be eliminated.
Security risks are not eliminated, instead we refer to risks as being mitigated. There is a key difference between these terms. Businesses that rely on technology must begin to understand the inherent risks and the necessity to reduce the risks to manageable levels. Mitigating a risk involves decreasing the severity, pain and cost of the risk through implementing proper security controls.
Expressing risk in monetary terms is simpler for organizations to understand. In reality, the equation is much more complex and can be discussed with your chosen solution provider. Security professionals will understand this complexity and can simplify the language for other professionals both in and outside of IT.
Misconception 3: Security is solely an IT concern.
Security should not only be considered an IT problem. Security is in fact a business concern overall, and should be discussed from the top-down in order to receive the attention and budget it needs to succeed. When IT alone drives security decisions without leadership direction, the decisions made may not align with business priorities. Organizations must be cautious to recognize the major difference between business risks and perceived IT threats. Take a tailored risk assessment to understand your top priority risks.
Tailored Risk Assessment
These are some questions that business leaders should be asking to prioritize risk management.
Question 1: How are we ensuring compliance with privacy laws and other regulations here and abroad?
Question 2: How are we protecting ourselves in a world dominated by mobile devices and free Wi-Fi?
Question 3: How do we ensure cloud applications being used are secure?
Question 4: How are we defending ourselves from internal threats?
Question 5: How do we know if our security investments protect our most critical business functions?
Answer these questions with help from a VLCM security specialist. We can help you identify top priority risks in your organization and secure your business and peace of mind. Subscribe to our blog for more information on business security and supplemental information on protecting your data.