Ask the Experts: The Critical Role of Cyber Risk Management and Why Every Organization Needs an OT Cybersecurity Policy

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Overview

To develop an effective OT cybersecurity policy, organizations must begin by identifying the assets they need to protect and assessing their criticality. Understanding the operational environment and the specific risks to that environment—and to the industry as a whole—is essential.

Once relevant regulations and industry guidelines are identified, organizations should conduct a gap assessment to compare existing policies, procedures, and programs against best practices. This helps pinpoint areas for improvement in the cybersecurity risk management plan.

Common challenges in implementing and managing OT cybersecurity policies include a lack of personnel awareness regarding their roles and responsibilities. To address this, organizations should conduct regular audits to evaluate policy adherence, provide ongoing training, and gather feedback from staff to refine and enhance the policy.

As threats evolve and new technologies emerge with higher risk factors, cybersecurity policies must remain adaptive and flexible to accommodate these changes and maintain resilience.

FAQ's

What is cyber risk management?

is the process of identifying, assessing, and mitigating risks associated with digital systems, networks, and data. It involves implementing strategies, policies, and technologies to protect an organization’s information assets from cyber threats such as data breaches, ransomware, and system disruptions.

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