“Managing risk is one of the most, if not the most important, functions in an organization,” says Tony Martin-Vegue, enterprise security management strategist for LendingClub, a peer-to-peer lending company based in San Francisco. “It’s really important to have a structured, formalized process for measuring risk, managing risk, and the entire remediation process.”
Large organizations will have teams dedicated to assessing and re-assessing risk on a regular basis. Small organizations may lack the team, but they will not lack the need to understand what risks IT faces and how those risks are reflected in the rest of the business units.
Read about seven steps that apply to a variety of frameworks — and that are applicable no matter where the risk assessment process takes your organization, on DarkReading.