Information Risk Management –Align It with Business Initiatives In today’s hypercompetitive business environment, enterprises need effective information risk management solutions so that they can align information risk with business initiatives. Such an approach makes security a business driver and a competitive advantage rather than a financial burden for the enterprise. Here is a look at some of the services provided by best of the breed information risk management solution provider. · Risk Management Frameworks Every company gets many opportunities to grow and expand. Most of these opportunities come with hidden risks. To manage risks it is important to first identify the risk scenario, then assess the ‘amount’ of risks faced by the business and then mitigate it to acceptable levels. Assessment of risk is usually accomplished by qualitative analysis, but qualitative analysis has a drawback, as it is more subjective in nature. Hence, to minimize the subjectivity in assessment and improve consistency, a risk management framework is essential. Thus, developing effective risk management frameworks help enterprises to pursue the opportunity while minimizing or controlling the risks associated with it. · Data Protection Ensuring data protection is a continuous challenge faced by all businesses. The advent of new technologies coupled with new laws and regulations have made matters more complicated. This calls for a comprehensive data protection solutions that can ensure regulatory compliance and prevent the significant impact to business due to data loss. · Identity Management Every company needs to strike a balance between regulation compliance, risk management and effective business collaboration. To achieve this balance, the solution must be flexible to meet the needs of a dynamic enterprise and yet be comprehensive enough to manage Identity and Access risk. With an effective identity management solution, it can be easily ensured. · Privileged Identity Management With the rise in large data centers, network operations centers and application maintenance outsourcing, the problem of managing unrestricted admin access has come to the forefront. Privileged Identity Management aims to facilitate the business by providing a secure yet easy to use solution to these requirements rather than just relying on trust on the administrators. · Secure Development In spite of security controls with the automated security tools and penetration testing, there is not much reduction in security vulnerabilities. What is needed is a holistic application security framework that can help clients to develop effective security for their application portfolio. · Secure Release When releasing new versions of software, the focus is on functional fixes and deadlines for release. In such a scenario, security becomes a lower priority and unsecure software is shipped to production environment. This may prove costly in terms of brand reputation or may lead to financial implications. Hence, it is important that organizations "securely" release the software. Thus deploying effective information risk management solutions help enterprises to secure their complex operations, protect their data, processes and businesses, stay compliant, control costs and protect their bottom line.
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