As an organisation, threat and vulnerability management is critical to protecting the business and its assets. With heavy reliance on technology in this day and age, every business, particularly enterprises, needs to be proactive in safeguarding their data and systems from cyber criminals.
What is threat and vulnerability management and why do you need it?
Threat and vulnerability management refers to the process of diagnosing, analysing, and reporting security risks in an organisation’s systems and software. This allows organisations to better protect themselves from digital attacks rather than just reacting to attacks after they’ve occurred. Vulnerability management involves using software that automatically scans an organisation’s weaknesses for them to secure affected systems.
Without threat intelligence and a vulnerability management process, organisations can open themselves up to be a target for criminals to exploit them. For a business, this could mean financial loss, damage to brand reputation, loss of brand trust, disruption to operations, as well as major legal consequences. By forward-thinking and investing in vulnerability management, the consequences of a breach or attack are a lot less disastrous than reacting to incidents as they occur.
What are the best methods of vulnerability management?
A vulnerability scanner is a software program designed to analyse your digital systems and detect new weaknesses that can be exploited. This is something that the organisation can invest in internally or they can hire an external agency to take care of. Companies like FraudWatch specialise in threat intelligence and vulnerability management which offers detection, prevention and takedown services for organisations.
IT security training
All company employees should be educated on IT security practices to best protect the organisation. You should also ensure that your cybersecurity policies always remain up to date as technology advances and cyber criminals become more clever.
What is the process of threat and vulnerability management?
- Scan – there are many different ways to scan for threats either by the organisation itself or by third-party digital threat experts such as FraudWatch. This can be through network scanning, firewall logging, penetration testing, and other automated software.
- Evaluation – this involves data analysis to find out whether there are vulnerabilities, as well as current or past breaches/attacks.
- Assessment – this stage is where the weaknesses (vulnerabilities) are checked
- Prioritising – based on priorities, the organisation can choose which risks they should mitigate first.
- Action – this step is where the organisation remediates the vulnerabilities, removing them as a potential threat to the business.
- Monitoring – the last stage involves evaluating the effectiveness of the management solution and making improvements to it.
Contact FraudWatch for threat and vulnerability management services
Learn more about how FraudWatch can provide threat intelligence and vulnerability management to safeguard your organisation from digital threats. Get in touch with our vulnerability management experts today to find a customised solution for your business. FraudWatch is a global organisation based in Melbourne that protects over 4000 organisations from digital threats. With the fastest SLAs in the industry and 100% takedown success, we are your trusted brand protection agency.