How to define and measure risk tolerance, Mike Riemer, Field CISO, Ivanti

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Ivanti research shows that a large majority of companies (83%) report they have a framework for defining risk tolerance. However, 51% say they do not follow their existing risk tolerance framework. Why is this such a challenge?

In this video, Ivanti cybersecurity expert, Mike Riemer addresses the significant challenges security professionals face when measuring and managing risk exposure and offers strategies for cybersecurity teams to develop and follow an organization risk tolerance framework.

In our new research report Exposure Management: Transforming Cybersecurity from Subjective to Objective: (ivanti.com/proactive-security), Ivanti reveals that nearly half of security and IT professionals struggle with accessing the right data, which seriously compromises their ability to align their efforts with their organization's risk tolerance framework.

A lack of visibility due to IT and security silos and lack of data accessibility hinders security teams from effectively understanding and managing risk.

Mike Riemer recommends these key steps to develop a risk tolerance framework that aligns security efforts with business objectives and goals:

Conduct a complete attack surface inventory and data-driven risk assessment

Calculate the business and financial impact of risks.

Define clear organizational risk thresholds using a consistent scoring schema, so that your risk assessment can be clearly communicated to executive leadership.

Learn more about how to develop and track the right KPIs around risk and measure your organization’s risk tolerance at: ivanti.com/proactive-security.

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