The Digital Risk Centric Organization
When it comes to protecting your brand, organization and personnel, you can think you know, or you can know you know. While testing has always been a hallmark of any quality process, periodic threat assessment is no longer enough to protect your organization and its interests from digital risk.
Traditional monitoring is even less sufficient when it comes to organizational digital footprint, from the operation of your social media accounts to detecting third-party data exposures. When it comes to protecting your digital footprint, whether social or other, continuous monitoring with a focus on velocity of identification and response is not an option; it is an absolute necessity.
The Purpose and Objective
Digital risk protection has been gaining widespread acceptance in the security community, and the reasons for this adoption are many. For some organizations, continuous monitoring is implemented in the wake of a data breach, in reaction to the theft of intellectual property or a digital vulnerability that enabled a physical threat. In other cases, the implementation of continuous monitoring is designed to enhance the digital resilience of the organization.
The growing reliance on digital risk protection is another reason why continuous monitoring has become so critical. These days, just about every mission-critical function of the business, marketing, sales and support, is reliant, in whole or in part, on the security and resilience of digital footprint.
The Continuous Monitoring Process
The concept behind the continuous monitoring process is not new. Many companies have been doing continuous monitoring of some sort for decades, from evaluating the quality of the finished products at the end of the assembly line process to performing intrusion testing on their networks and conducting audits to spot potential holes in their physical and online defenses.
What is relatively new is the formal nature of those continuous monitoring programs for managing digital risk. What once was an informal approach to digital risk management has now been formalized. Indeed, continuous monitoring is now an integral part of daily operations for many businesses, from well-known manufacturers to software suppliers to retail organizations.
An Integral Part of Digital Risk Management
In the modern environment, continuous monitoring has become a dominant part of the risk management framework. In risk management terms, continuous monitoring generally refers to the process whereby each part of a system is categorized and prioritized, based on the underlying level of risk. Digital risk management tools, products and services are designed to integrate into cyber security processes, rapidly detect digital threats and respond to events to minimize organizational disruption and any financial losses. Digital risk management is business-first and is focused on protecting the organization without impeding or disrupting the operation or the mission of the organization.
Identifying and Prioritizing Digital Risk
By identifying the risk level of various organizational operations, risk managers and other decision makers can more effectively prioritize their responses and build up their defenses. Once you spot the weaknesses in the risk management operation, the organizations involved can work on shoring up their defenses, plugging those holes and creating a more secure operation in the future.
By categorizing the various operations by risk level and prioritizing their defenses, organizational leaders and department managers can begin to build in the appropriate controls, whether those controls address problems with the implementation or use of digital channels for operations.
Continuous Monitoring Means Continuous Intelligence
Organizations can also use the continuous monitoring process to monitor the processes they already have in place, gauging the effectiveness of their defenses and looking for ways to improve the security of their digital footprint in the future. No matter how effective their defenses or how low their levels of risk, organizations can always improve on what they are doing, and continuous monitoring helps make that process easier.
Risk managers tend to see continuous monitoring as a way to facilitate continuous intelligence. Instead of being satisfied with the current satisfaction with what they are already doing, security and risk managers can seek out new and innovative developments, ramping up their defenses while building on the tried and true processes they already have in place.
Making Change to Security Processes Positive
Last but not least, organizations can use the continuous monitoring process to manage the risk level of changes in the threat landscape, reducing the danger change will introduce unmitigated risk to the organization down the line.
At security analyst, for instance, may use the continuous monitoring process to monitor the creation of any new social media accounts tied to the key executives and the brand. If the risk level is low, security analysts can focus policy and compliance of known and authorized accounts. If a sudden change by threat actors brings new threats to the organization as a whole, analysts can focus more on imposter footprint while continuous monitoring through automated processes is doing more of the policy enforcement workflow without loosing what improvements have been accomplished.
While the modern approach to continuous monitoring for digital risk and external threats is still relatively new, the underlying concept has been around for quite some time. This current approach to risk management has been gaining adoption each year, and more and more organizations are recognizing its inherent benefits. From the protection of vital digital processes critical to the organization to the identification threats and vulnerabilities in the supply chain and third-party vendors, the benefits of continuous monitoring are genuine. With all of these advantages, it is no surprise that so many organizations are adopting this innovative approach to continuous monitoring — and improvement — of their current security operations and digital risk management with DigitalStakeout.