Proactive Cyber Risk Management Strategy Insights

This document is a commissioned study report that outlines the findings from a survey conducted among security and risk leaders regarding their current cyber risk management strategies. The report reveals that a significant majority, 81%, of respondents feel their existing approaches are inadequate in addressing the full scope of cyber threats. It discusses the challenges faced by security teams, including limited visibility into risks, a lack of training, and the evolving nature of cyber threats. The report emphasizes the need for a more proactive cyber risk management strategy that encompasses a holistic view of risks across the organization. It details the importance of improving visibility, investing in training for both security and non-security staff, and utilizing third-party services to enhance risk management capabilities. The report concludes that adopting a comprehensive approach can help alleviate the pressures on security teams and improve their overall effectiveness in managing cyber risks.