- Cybersecurity, IT Security

Why Your Business Needs a Proactive Risk Management Plan

Taking a proactive approach effectively mitigates the risk of a dangerous threat from compromising your entire technology.

Millions of cybersecurity risks linger around the web and many of these dangers are powerful enough to wipe an entire business out of commission. But it’s not just the cyber threats that you should be concerned about. Physical catastrophes bear enough might to compromise all of your hard-earned valuables. Technology is susceptible to a wide landscape of hazards but a proactive security strategy will help you maintain a safe grip on your most important assets.

Here’s everything you need to know about proactive risk management:

What is Proactive Risk Management?

First things first, let’s define what this process is. To put it simply, proactive risk management is a comprehensive security measure that helps businesses adapt to unwanted events or crisis. This risk management strategy gives businesses a wide scope of what tomorrow’s risks look like and how they can impact their business. Proactive risk management includes creative thinking, strategic analysis, and risk prediction. And once the strategy is defined, you’ll be able to execute one of the following defense mechanisms.

Examples of Proactive Risk Management

Implementing a Risk Management Plan

Developing a proactive risk management program is a lot like putting together a puzzle. This security planning process takes a lot of trial and error to perfect. It’s time-consuming, strategic, and most of the time, it cannot be done overnight. Building a risk management plan involves three tiers of planning:

  1. Basic: The first step you need to take is to meet all compliance requirements established by your internal and external stakeholders. You need to adhere to all standards issued by the Health Insurance Portability and Affordability Act (HIPAA) and the Payment Card Industry (PCI).
  2. Maturation: During this stage, you’ll be responsible for creating a management system equipped with a variety of security activities and techniques.
  3. Strategic Advancement: Finally, you’ll need to introduce strategic resources such as security software and reporting tools. This supports your infrastructure with cushioning while also keeping your stakeholders about the landscape of risks. Some tools you’ll need to leverage include firewalls, malware prevention software, email encryption, and any other resources recommended by your MSP.

Benefits of Proactive Risk Management

When executed correctly, a proactive risk management plan can help you harvest the best results from your technology. You’ll be able to take advantage of more flexible features, less downtime, and greater cost savings. This helps you mitigate risks that could compromise your business. By taking advantage of proactive risk management principles, you’ll be able to build a more effective IT environment for longer periods. This helps deliver greater efficiencies, which leads to more productivity and a smoother, more successful business processes overall.

Create a Proactive Risk Management Plan

Whether it’s proactive or reactive risk management, the experts at Outsource My IT are always there to keep your most valuable resources out of harm’s way. We work tirelessly so that your technology is always in optimal form. With us by your side, expect a higher probability of risks, more cost savings, and better peace of mind.

Schedule your free consultation with our cybersecurity team and take advantage of an authentic IT solution today!