Many people who are unfamiliar with cybersecurity or have limited knowledge may get confused by terms that appear similar, but are very different. Let’s talk about these terms and what they mean. Threat, vulnerability, and risk are the most confusing terms in cybersecurity. Although they may appear the same, they are quite different. Before we discuss what they are and how they differ, let’s talk about something that is often associated with these terms: Assets
An asset is simply something you protect. Assets are positive things in almost every situation and often have value. Money is one example of an asset. Assets can be any items that have value, such as people, property, or information.
Assets are anything that must be protected.
It is important to use the correct words, especially when it comes to cybersecurity.
Like any other sector, cybersecurity has its own language. Security jargon is distinguished from other forms by the precision with which cybersecurity specialists use their language. Untrained eyes can confuse and even interchange these terms. It’s easy to get lost in the many moving parts of cybersecurity.
Three of the most misunderstood concepts are risk, threat, vulnerability. Mixing these terms can make it difficult to understand how current vulnerability management tools and technologies work. It’s also more difficult to communicate with security (and non-security!) experts. These distinctions are important, but also vital.
Vulnerability, Threat, and Risk
Risk is the possibility of data or assets being lost, damaged, or destroyed by cyber threats. Threat is any process that increases the likelihood of a negative outcome such as vulnerability being exploited. A vulnerability, on the other hand, is a flaw or insecurity in your network, infrastructure, or apps that could compromise security.
Based on external and internal environmental conditions, the risk profile of a business changes is calculated. It takes into account the likelihood or severity of a negative event, as well as the potential impact on your infrastructure. While risk cannot be eliminated completely, cybersecurity is a moving target and can be managed to a level that suits your organization’s risk tolerance. No matter how you approach it the ultimate goal is to keep your risk levels manageable, predictable, and manageable.
A risk management strategy can help you manage your risk. The steps include:
Prioritize the most serious breaches: This is crucial when establishing and executing risk assessment strategies.
Incorporate stakeholders’ perspectives: Business owners, employees, customers, and vendors are all stakeholders. While all of these actors can have a negative effect on the organization (probable risks), they can also help to reduce risk.
Establish a central team: These employees will be responsible for risk management and determining the appropriate level of funding.
Adopt appropriate policies and controls: These policies ensure that all modifications are made to the relevant end users.
Vulnerabilities refer to flaws in your environment or assets. Flaws that could expose you to potential threats and increase risk. Unfortunately, vulnerabilities can number in the thousands or even millions. It is impossible to fix them all, especially as most firms can only fix one of every ten vulnerabilities. This may seem like a losing battle, but only 2% to 5 percent of vulnerabilities are likely be exploited. Only a small percentage of vulnerabilities are likely to be exploited.