Webinar Summary
The Challenge of Manual Cyber Risk Management
Managing cyber risk manually is a challenge. It's time-consuming, inaccurate, and unreliable.
- It's time-consuming: 80% of staff time in IT security, risk, and compliance is spent managing documents, not managing risk.
- It's inaccurate: Documents can be overwritten, lost, or modified, leading to inaccurate reporting, and compliance
- It's unreliable: Documents are not a reliable audit trail, which can lead to legal problems.
The Promise of Cyber Risk Automation
Cyber risk automation can help organizations overcome the challenges of manual cyber risk management.
- It can save time and money: Automation can reduce the time and cost of managing risk by automating tasks such as data collection, analysis, and reporting.
- It can improve accuracy: Automation can help organizations improve the accuracy of their risk assessments and reports by eliminating human error.
- It can provide a reliable audit trail: Automation can create a reliable audit trail of risk assessments and activities, which can help organizations defend themselves against legal challenges.
The Future of Cyber Risk Management
As the world continues to move towards automation, cyber risk automation is likely to become increasingly important for organizations of all sizes. By automating time-consuming, manual tasks, cyber risk automation can save organizations time and money, improve accuracy, and provide a reliable audit trail.
Conclusion
Cyber risk automation is a promising new technology that can help organizations improve their ability to manage cyber risk and other risk and compliance initiatives. If you're looking for a way to improve your organization's cyber risk management, cyber risk automation is a great option to consider.
