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Organizational Security Tips: 3 Key Risk Management Controls

By John Dillard

 

organizational security and risk managementComplete organizational security involves more than just building fences, posting guards at gates and installing ID badge readers. Nor is business and government agency security about just securing servers, setting up firewalls and encrypting data. Even your organizational security policies, company-wide training and employee monitoring aren’t the whole picture.

Rather than just a bundle of individual tactics, organizational security should be an integrated and risk-based strategy with an active governance or management process.

In order to wholly integrate your government or business security program, you need to implement the following risk control practices:

1. Risk Evaluation

Risk evaluation is a high-level function for business or government security that should cover everything critical to core organizational functions, assets and people.

Begin your organization’s risk evaluation with a comprehensive threat and risk assessment. First, assess which assets of your business or agency are likely to be compromised and in what ways. Then, estimate the impact of those security breaches. Risk evaluation is not a one-time event but rather an ongoing exercise that must be performed as your organization and/or the threat evolves. For both of these steps, ensure that you’re using the most accurate data analysis tools to guide your decision-making process

With an accurate threat and risk assessment complete, identify all action steps necessary to reduce the risk of each threat. Follow up these action steps with a cost-effective budget line item allocated to each one.

2. Technical Risk Control

Whereas risk evaluation looks at your security posture and vulnerabilities, technical risk control focuses on security implementation.

To carry out your technical risk control, execute each of the budget items from your risk assessment and management plan, whether those are physical security measures (gates, fences, guards) or virtual security controls (antivirus, firewalls, encryption). Each of your controls should reduce the risk of security threats or deter them completely.

In order to prioritize and effectively carry out each item from your high-level risk evaluation, utilize only the best data-infused decision tools and processes.

3. Operational Risk Control

Operational risk controls focus on security threat prevention in the day-to-day functions of your business or agency.

Minimize future security threats by creating company-wide security policies and educating employees on daily risk prevention in their work routines. In your operational risk controls, also implement vigilant monitoring of employees to confirm policies are followed and to deter insider threats from developing.

The key with operational risk controls is to flex and evolve policies as resources and priorities change.

Implementing these risk controls in your organizational security is not a one-time practice. Instead, it’s a regular discipline that the best organizations continue to hone and refine.

Proactively integrate physical, information and personnel security while keeping these risk controls in mind, and your organization is better prepared to mitigate security threats and adapt to evolving organizational security needs.

Need to tighten your internal organizational security on a limited budget? Click the button below to download our free guide to tactical resource allocation for tighter, leaner insider threat management.

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