Page 194 - Cyber Defense eMagazine RSAC Special Edition 2025

How Does Risk Management Dovetail with Cybersecurity?

Any business should have a corporate risk management plan that goes beyond cybersecurity. You must
address insurance, profits and losses, workplace injuries, vehicle management, financial security, and
online security all at once.

Therefore, your cybersecurity structure should have already been addressed as you built that risk
management plan. However, it can be simple to hire an accountant, set up emails that filter junk mail,
and prevent unauthorized persons from entering the facility. Plus, you can easily purchase insurance
policies that back up your business in a number of areas.

You can even purchase cyber insurance that will pay out claims on a variety of losses, but how do you
prevent those losses from occurring?

You must generate a complete cybersecurity plan that takes into account every device and employee.
Take a look at how these plans are set up and what should be done to support the mission

How Does Cyber Security Work?

Because risk management and cybersecurity operate in the same arena, you should be just as
aggressive with cybersecurity as you would be with workplace safety or financial security. You can take
several steps, including:

• Purchase the aforementioned cyber insurance to protect your business
• Hire an outside firm to manage simple cybersecurity training modules
• Set up security alerts that go to all stakeholders
• Remind your staff to avoid all suspicious persons on the premises and report them to security
• Regularly audit your systems to ensure that they have not been breached
• Hire a full-time CIO or information specialist who can support this cause

With each step in this process, you are educating your team and locking down your facility for the
betterment of everyone. Remember, hackers can even sit in the lobby and use your public wifi to hack
your systems, which is something many business owners simply do not realize. Therefore, diligence is
key.

Cybersecurity Awareness

Cybersecurity awareness is a major point of contention for businesses and their employees. Your staff
doesn’t want to be told time and again that they could be hacked, but you know that everyone gets
complacent if they are not reminded on a routine basis.

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