What is defined as a means of managing risk?

Managing risk in cybersecurity involves establishing a framework to identify, assess, and mitigate potential threats to information security. Policies and procedures serve as formal guidelines that outline how an organization will address various risks. They provide a structured approach for individuals within the organization to follow, clarifying roles, responsibilities, and acceptable behaviors regarding data security. This encompasses everything from how to respond to security incidents to how to handle data breaches and define acceptable use of technology.

The effectiveness of risk management relies heavily on having these established policies and procedures, as they not only dictate preventative measures but also establish protocols for response and recovery. By defining expectations and processes, policies and procedures create a cohesive strategy for managing risk across the organization, ensuring that everyone is on the same page when it comes to safeguarding information assets.