[BreachExchange] 5 Steps on How to Create Your Own Cybersecurity Risk Assessment

[Destry Winant]

https://hackercombat.com/5-steps-on-how-to-create-your-own-cybersecurity-risk-assessment/

Cybercriminals design sophisticated attacks on the cloud
infrastructure daily. Risk profiles must be created when organizations
are adopting containers. The risk profile should contain the types of
threats and vulnerabilities that are expected when it happens. This
analysis is very important with containers. While the level of
security visibility over the hosts, containers, and the infrastructure
control plane decrease, the attack surface significantly grows.

But the attacks can be avoided when you aim to follow the five steps
to create a cybersecurity risk assessment. You can predict which area
of your endpoint system may be vulnerable and develop the security
strength of your system’s security just before a cybercriminal gets
the chance to attack your endpoint system.

1. Establish a Baseline of Your “Normal” Operating State

This may be a tricky task if you are only starting or not an IT
expert. You may have to ask for an assistance from your trusty IT
company staff. You and the IT team can collaborate to assess the
systems, applications, and services as well as scripts that may run in
your environment. Get some help to understand what are the
technicalities of your environment. You should also know how and where
the data is flowing.

2. Know the Existing Threat Landscape in Your Organization

It is crucial to keep track of the probable threats that are commonly
included in risk assessment. These are insider threats such as
malicious or intentional, data leaks with unintentional exposure of
information, or data loss. It depends on your systems, stakeholders,
and environments, you will probably discover additional threats. You
should take that in mind and include that in your assessment.
Penetration testing with zero knowledge can help your team understand
your system’s vulnerabilities from an outsider’s perspective.

3.  Define the Ingrained Business Risk and Impact

Have you previously experienced a cyber threat in your system? You
have to rate how much impact it cost your landscape without
acknowledging the control environment you have. The assessment can be
approached this way to avoid factoring in controls that could moderate
the risk. This provides a clear understanding of the full potential of
threat events.

How do you rate the impacts of the threat events? Here are the steps
used by SANS that you can incorporate to your risk assessment:

Minor Severity (Rating 1): Vulnerability requires few resources to
exploit, with little potential for loss. Exposure is relatively
insignificant. The effects of the vulnerability are tightly contained,
and it does not increase the probability of additional vulnerabilities
being exploited.

Moderate Severity (Rating 2): Vulnerability needs vital resources to
exploit, with significant potential for loss. Or, it requires few
resources to exploit, with moderate potential for loss. Exposure is
moderate, meaning that one or more system components may be affected.
Exploitation may lead to further vulnerabilities.

High Severity (Rating 3): Vulnerability requires fewer resources to
exploit, with significant potential for loss. Exposure is high, with
the vulnerability affecting the majority of system components. There’s
a significant probability of further vulnerabilities.

4. Keep Your Control Environment in Mind

In order to adequately assess your control environment, you need to
examine several categories of information. Most importantly, identify
threat prevention, mitigation, detection, or compensating controls and
their connection to identified threats. A few cases of this involve
organizational risk management controls, user provisioning controls,
and administrative controls.

5. Can You Estimate How Prepared You to Compare Businesses?

Lastly, you have to consider the industry sectors in which you and
your customers operate and the types of data that you store. The size
of your store, infrastructure, and assets are also very important.
These components grant you the ability to compare yourself to similar
businesses and prepare for threats they have encountered in the past.

Take Charge of Your Security Risk Assessment Now

Another set of security infrastructure is produced with the quick rise
of containers and orchestration tools. A good understanding of your
organization’s specific risks will help you determine where your
system needs the improvement.