Don’t eliminate risk, manage it

Eliminating risk is impossible, risk must be managed Risk management begins with understanding your assets—where and how valuable they are. A vulnerability in an access database used by 20 employees is not as important as a vulnerability found in your publicly exposed API. Any risk found goes through a cost/benefit analysis. The possible exposure is […] The post Don’t eliminate risk, manage it appeared first on e27.


12 Jul, 2019E27.CO

Don’t eliminate risk, manage it

Eliminating risk is impossible, risk must be managed

Risk management begins with understanding your assets—where and how valuable they are. A vulnerability in an access database used by 20 employees is not as important as a vulnerability found in your publicly exposed API.

Any risk found goes through a cost/benefit analysis. The possible exposure is compared to the cost to mitigate the risk. If a realised risk will cost you $10,000 but it’ll cost $50,000 to fix, then it is a low priority. It simply doesn’t make sense to fix it right away....

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