Cybersecurity Law

Cybersecurity Risk Mitigation Plan

Cybersecurity Risk Mitigation Plan

Cybersecurity Risk Mitigation Plan

A Cybersecurity Risk Mitigation Plan is a document that outlines the strategies, actions, and resources needed to reduce the likelihood and impact of identified cybersecurity risks. The plan typically includes a prioritized list of risks, based on their severity and probability, a description of the proposed mitigation measures, such as technical controls, policies, and procedures, a timeline and budget for implementation, and the roles and responsibilities of the stakeholders involved. The purpose of the plan is to provide a structured and proactive approach to managing cybersecurity risks, align the mitigation efforts with the organization’s risk appetite and business objectives, and ensure the availability and effectiveness of the necessary resources and capabilities. The plan is usually developed by the information security or risk management team, in consultation with other relevant functions, and is reviewed and updated regularly based on changes in the risk landscape and the organization’s environment.

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