BUSINESS BRIEF – MANAGING CYBER RISK
Understanding The A4 Risk Management Model
Cyber risk has the potential to affect every aspect of an organization, including its customers, employees, partners, vendors, assets, and reputation. No organization can eliminate all cyber risks, so leaders must develop and implement resilient risk management programs that enable business priorities while effectively managing risk. This includes understanding the entity’s overall risk appetite.
This whitepaper uses the A4 Risk Management Model to explain how your organization can build an effective cyber risk management program. The model uses four types of risk mitigation tactics:
A1 Risk Avoidance
A2 Risk Mitigation (“Apply”)
A3 Risk Assignment
A4 Risk Acceptance
Guidacent has also produced a video and podcast related to Managing Cyber Risk. Check it out here.