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Learn more about Automated Risk Assessment: https://www.centraleyes.com/glossary/... Cyber security is a complex topic. Companies struggle to identify and understand what their vulnerabilities are, where to invest their cyber security budget and how likely they are to be hacked. In order for you to identify vulnerabilities, understand where to invest your cybersecurity budget and be able to manage your risk over time, you need to start with a risk assessment. Based on a selected risk management framework, this assessment walks you through a series of questions regarding security controls recommended by industry experts to mitigate your risks. By answering these questions, you are able to identify gaps and understand what needs to be done in order to better protect yourself against a cyber attack. So how do most companies conduct risk assessments today? In one word: Spreadsheets. This tool is most commonly used for risk assessments in the majority of small to mid-sized organizations. Even large enterprise organizations that have purchased or licensed risk management tools often default to these manual options due to the lack of automation the unfriendly user experience and the misfit of the purchased tools to the risk assessment process. These issues are frequently associated with legacy risk management solutions. This lack of automation in risk management leads to: A strain on stakeholders to provide the necessary information required. No foolproof verification of the collected information. Lack of visibility into the results of the assessment. No clear next steps defined in order to improve risk posture? A risk assessment workflow that isn’t defined – requiring dedicated and experienced professionals, to manage question distribution, data collection and analysis. Risk assessment automation tools allow you to orchestrate and automate the data collection process, analysis, and ongoing remediation of cyber security controls according to a selected risk framework. Automation in risk assessments allows for: Quick and immediate onboarding and initiation of a risk assessment, removing the need for learning the framework in depth. The automated correlation of relevant data from connected tools to the associated controls being assessed by an organization, providing verified information that is not subject to human error. The cross mapping of common controls across various risk frameworks, saving the company valuable time and resources on data collection. The automated creation of remediation tasks based on gaps that are detected during the data collection process. Automated dashboards and reports for senior management. Benchmarking and tracking of risk posture over time; And of course, live risk management. All companies have some limit to their cyber security budget, so understanding what needs to be done first and what will have the biggest impact on the organization’s risk posture will help management select the most needed tools, implement best practices and protect the organization more effectively. Visit us at: https://www.centraleyes.com/ Learn more about Automated Risk Assessment: https://www.centraleyes.com/glossary/... #riskassessment #automatedriskassessment #riskmanagement