Most companies were unprepared for the 2020 pandemic and the continued effects that rippled through economies around the world.
While Enterprise Risk Management (ERM) has been in use for many years, its adoption has accelerated as companies of all sizes work to assess internal risks, such as a labor shortage, and external risks, such as an earthquake. Now, with ever-growing adoption of digital such as online retailing, product design, and streaming entertainment, cybersecurity is gaining prominence in ERM efforts. For many businesses, it’s a top priority, given the growing threat landscape.
In September 2022, the National Institute of Standards and Technology (NIST) published the latest in a series of reports that aim to integrate cybersecurity into companies’ ERM efforts. The report contains useful advice about how individuals responsible for cybersecurity can inform their leaders about related risks to help them make important risk decisions with cybersecurity in mind.
If your company hasn’t commenced an ERM initiative or made cybersecurity a high priority within your ERM efforts, the time is now to do so.
About AXIOTROP, LLC:
AXIOTROP’s mission is to make cybersecurity accessible, attainable, and sustainable for small and medium-sized businesses so they remain competitive and poised for growth. We simplify cybersecurity by working closely with businesses to right-size their program for their needs, resulting in client retention, business expansion, and reduced risk.