risk management

What Are the Key Differences Between GDPR and NIS2?

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In the dynamic arena of data protection and cybersecurity within the European Union, two significant regulatory frameworks play pivotal roles – the General Data Protection Regulation (GDPR) and the NIS2 Directive. While both aim to safeguard information and enhance trust within the digital ecosystem, they address different aspects of this goal. GDPR is primarily concerned with the privacy rights of individuals and the protection of personal data, while NIS2 focuses on the security of essential services and digital infrastructure. Understanding the key differences between these two regulations is crucial for organizations operating in the EU to ensure compliance and to effectively manage both data privacy and cybersecurity risks. GDPR emphasizes individual rights, such as access to personal data and the right to erasure, requiring organizations to obtain explicit consent for data processing. The regulation aims to enhance transparency and accountability in data processing, ensuring that organizations handle personal data responsibly. Key principles of GDPR include: In contrast, NIS2 aims to enhance the cybersecurity posture of essential and digital service providers, targeting specific sectors like healthcare, energy, and digital services. NIS2 does not require individual consent – instead, it focuses on risk management and incident reporting to improve network and information system security. Key principles of NIS2 include: These elements aim to strengthen the security and resilience of critical infrastructure and services across Europe, ensuring that organizations have the necessary measures in place to protect against cyber threats. As a conclusion, we could say that both GDPR and NIS2 play vital roles in shaping the data protection and cybersecurity landscape within the EU, though they target different objectives. Organizations operating within the EU must understand and comply with both frameworks to effectively safeguard data privacy and ensure robust cybersecurity. Download the Comparative analysis of GDPR and NIS2 here:

Integrating IAM, PAM, and Zero Trust – PATECCO’s Strategy for Holistic Cybersecurity Protection

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As technology continues to advance, businesses are constantly confronted with escalating cybersecurity challenges. With an increase in cyber threats, data breaches, and complex IT environments, companies need robust solutions to protect sensitive information and maintain compliance. PATECCO offers a unique approach to cybersecurity by seamlessly integrating Identity and Access Management (IAM), Privileged Access Management (PAM), and Zero Trust principles into one cohesive strategy. This article highlights how PATECCO’s comprehensive cybersecurity framework can help businesses safeguard their digital assets and enhance their security posture. IAM, PAM and Zero Trust as crucial tools for modern cybersecurity Before diving into how these components work together, it’s important to understand what IAM, PAM, and Zero Trust are, and why they are crucial for modern enterprises. IAM manages digital identities and controls access to resources, ensuring that only authorized users can access sensitive data. PAM focuses on securing access to critical systems by privileged users, preventing exploitation of elevated privileges. Zero Trust, a security framework, operates on the principle that no user or device should be trusted by default, with every access request being authenticated and authorized based on identity, device, and context, reducing the attack surface. Why Integrating IAM, PAM, and Zero Trust Matters The integration of IAM, PAM, and Zero Trust is essential for achieving a robust cybersecurity strategy. When combined, these three components create a powerful security ecosystem that is proactive, adaptive, and resilient to evolving threats. By incorporating Zero Trust, PATECCO helps eliminate traditional trust boundaries within corporate networks. The combination of IAM and PAM ensures that all access to applications, data, and systems is continually verified and only provided to the right people under the right conditions. IAM and PAM work hand-in-hand to enforce the principle of least privilege. By providing users with access based on their roles and responsibilities, and by managing privileged accounts, organizations can limit access to critical resources and reduce the risk of insider threats. Zero Trust models with IAM and PAM provide a holistic approach to risk management. Access to sensitive systems and data is continuously validated and logged, which allows organizations to detect and respond to threats more efficiently. By integrating these technologies, PATECCO enables businesses to monitor every access attempt, reducing the likelihood of breaches. In addition to strengthening security, the integration of IAM, PAM, and Zero Trust helps businesses stay compliant with industry regulations such as GDPR, HIPAA, and PCI-DSS. PATECCO’s approach ensures that security controls are applied consistently across the organization and that every user access event is properly authenticated and logged. This capability not only reduces the risk of non-compliance but also helps businesses maintain an auditable trail of access activities. Such records are essential for internal audits and regulatory reporting, making it easier for businesses to meet stringent compliance requirements while also strengthening their security posture. Benefits of IAM, PAM, and Zero Trust Integration Integrating IAM, PAM, and Zero Trust offers numerous benefits for organizations seeking to enhance their cybersecurity posture. The combination of these technologies creates a robust, layered security framework that ensures businesses are well-equipped to prevent, detect, and respond to cyber threats. By adopting the integrated cybersecurity solutions, businesses can expect several benefits, including: The integration of IAM, PAM, and Zero Trust ensures that any unauthorized access or suspicious behavior is promptly detected, enabling quick response and mitigation of threats. By enforcing strict access controls and monitoring privileged accounts, the risk of insider threats is minimized, helping to protect sensitive company data. Automated compliance features and detailed reporting make it easier for organizations to adhere to industry regulations and maintain audit trails. A unified approach to cybersecurity streamlines processes, reduces complexity, and improves the overall security posture of the organization. PATECCO’s strategy to integrate Identity and Access Management, Privileged Access Management, and Zero Trust principles represents a holistic approach to cybersecurity that addresses the dynamic threat environment faced by organizations today. By harmonizing these critical components, PATECCO not only enhances the security framework but also fosters a culture of continuous vigilance and adaptability in the face of emerging cyber threats. This multifaceted approach serves as a blueprint for organizations aiming to strengthen their cybersecurity postures while facilitating innovation and growth in an increasingly interconnected environment.

How to Navigate Risk Management Under the NIS-2 Directive

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In a world where unexpected events and financial risks are omnipresent, effective management of risks is becoming a critical competency for organizations. The NIS 2 directive requires comprehensive analysis and specific controls to ensure the security and integrity of information and processes. By implementing appropriate risk management measures, companies can not only improve their security posture, but also minimize the impact of potential risks on their services and projects. In this article, we would like to explain the term risk management in the context of cyber security and illustrate why the establishment of effective risk management is essential in every company today, regardless of legal requirements. What is Risk Management? In IT environment, risk management is all about identifying and preparing for possible problems that could affect computer systems, data, or networks. It means figuring out what could go wrong, like a data breach, a cyberattack, or a system crash, and then planning ways to prevent these issues or reduce their impact. Potentially, every company or organization is exposed to the threat of a ransomware attack by criminal groups. The question now is, how is the risk composed? An external threat becomes a threat due to a vulnerability, such as an untrained employee opening an email with a malicious attachment, which causes the malware to be executed on the system. The combination of threat (for example, email with malicious content) and unprotected vulnerability (untrained employee) poses a risk to the protected object (client system). This in turn has a negative impact on the availability, confidentiality and integrity of the protected object or the information stored on it. The risk can be reduced by implementing targeted risk management measures that are appropriate to the threat situation. In the case of our example of an attack via a malicious email, this could be training measures to raise employee awareness. What Risk Management measures does the NIS-2 Directive require from companies? The NIS-2 Directive mandates that companies implement comprehensive risk management measures to safeguard their operations and data. A thorough risk analysis is fundamental, enabling businesses to identify potential threats and vulnerabilities inherent in their services. By establishing robust controls, organisations can mitigate risks associated with cyber incidents, which can have significant financial and operational impacts. Furthermore, the importance of managing information security cannot be overstated, it directly contributes to maintaining customer trust and ensuring business continuity. Companies are encouraged to adopt a proactive approach by regularly reviewing and updating their risk management processes. This involves assessing the impact of various risk events on health and safety, as well as on the overall stability of operations. Engaging in risk management topics through structured projects reinforces the organisation’s resilience against unforeseen challenges. Ultimately, these measures not only protect against immediate threats but also enhance the long-term sustainability of the business within the evolving digital landscape. Furthermore, organisations must foster a culture of risk awareness among employees, integrating risk management into everyday business practices. The directive emphasizes the importance of a systematic approach to managing risks, which includes continuous monitoring of events and updating safety protocols. By adhering to these measures, companies not only comply with regulatory expectations but also strengthen their ability to safeguard sensitive information, thereby protecting their reputation and securing their services against emerging threats in an increasingly digital landscape. The role of Incident Response in Risk Management Effective incident response is a vital component of risk management, particularly under the NIS-2 Directive. Companies are required to establish comprehensive processes that not only prepare them for potential risks but also facilitate swift, efficient reactions to unforeseen events. This entails a thorough analysis of possible risk scenarios, including those that could impact financial assets and the health of information systems. By implementing robust controls, organisations can mitigate the damage caused by incidents, safeguarding both data integrity and operational continuity. Regularly reviewing and updating incident response strategies ensures that they remain relevant in an ever-evolving threat landscape, allowing companies to navigate challenges with confidence. Ultimately, a well-crafted incident response plan not only addresses immediate risks but also strengthens long-term risk management capabilities, providing a comprehensive view of security as it pertains to services and project management. Compliance and reporting obligations under NIS-2 The NIS-2 Directive imposes specific compliance and reporting obligations on businesses, which are critical for effective risk management. Furthermore, organisations are required to implement appropriate controls to mitigate identified risks, thereby safeguarding their information systems and services. The management of these processes not only enhances their resilience against cyber threats but also ensures alignment with legal requirements. Regular updates and audits of their risk management strategies are essential to maintain compliance and address emerging risks effectively. Companies should be proactive in identifying vulnerabilities and documenting their responses, fostering a culture of transparency and accountability within their operations. This comprehensive approach guarantees that businesses are well-prepared to navigate the complexities of today’s digital landscape. Challenges in adopting Risk Management measures Adopting effective risk management measures as outlined by the NIS-2 Directive presents various challenges for businesses. One significant obstacle is the need for thorough risk analysis, which requires a deep understanding of potential threats to information and data security. Companies must implement robust controls to mitigate these risks, yet many struggle to allocate sufficient resources for this task. Additionally, the integration of risk management processes into existing projects can be complex, as it involves aligning operational practices with regulatory requirements. Financial impacts resulting from inadequate risk management can be substantial, further incentivising organisations to prioritise safety. However, the ever-evolving nature of cyber threats means that businesses must remain vigilant and adaptable in their approach. The necessity to track events and manage risks proactively can overwhelm teams already focused on daily operations. Ultimately, balancing compliance with practical implementation of risk management strategies remains a pressing challenge for companies striving for resilience in an increasingly digital landscape. Best practices for companies to enhance Risk Management Implementing effective risk management measures is vital for companies striving to comply with the NIS-2 Directive. It is imperative

How to protect digital identities in the era of AI?

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Making online transactions increasingly secure, despite the rise in cyberattacks and data theft, has been a growing challenge for our economy since the pandemic. More and more companies feel that their existence is threatened by cyber-attacks. Identity fraud and other online threats are also becoming increasingly sophisticated. According to a recent study, digital identities pose one of the greatest threats to the compromise of IT systems. In the financial sector for example, numerous attacks have recently been successful because employees with privileged access rights have been spied on and digital identities have been stolen through phishing campaigns. Therefore there is an urgent need to better protect our identities from theft and damage in the digital age. After all, our identity is the centrepiece of our online lives. Data leaks, malware or insecure networks and connections are a gateway to identity theft. AI will further accelerate this by generating code that only experienced hackers could create. AI-generated forgeries will become increasingly authentic and easy to use against victims. Identity protection will become one of the most important elements of data security. To better protect themselves in a digitally hostile environment in the future, organisations should push for a digital approach to data protection and risk management. What does identity involve and how we can protect it? Our online identity consists of several layers. On the one hand, there is our personal data that we use to verify ourselves, such as email, place of birth, date of birth and name. But it also includes things like bank details and other tokens – even biometric data. The following basic steps help protect identities from AI-powered risks. These are principles that, if followed, can provide identity protection for individuals, as well as legal obligations that companies must fulfil to mitigate risk and protect both customers and employees: The online identity check at a glance There are various ways in which users can have their identity verified online. This can be done through the use of facial recognition tools, video calls and the presentation of personal information. The use of multiple forms of proof increases the level of trust and security. For example, linking transactions to a one-off secure onboarding can provide a high level of trust – as long as this onboarding is thorough and verified. One example: passports. Official auditors rely on a few measures to verify them, but they trust them because the onboarding process for securing a passport is rigorous. Real-time ID verification: It enables organisations to access and process customer information in seconds. This is particularly useful when checking IDs or financial transactions, as it can ensure that a company has up-to-date information. Verifying the identity of signatories is important to help organisations reduce fraud and money laundering and provide a frictionless experience for signatories, as today a fast and mobile-friendly online process is crucial for customers. Biometrics: These are fingerprint or facial recognition. Biometric technology is the frontrunner among identity verification tools and is used, for example, to unlock smartphones. As biometric technologies have already proven to be beneficial for personal security and ID verification, it stands to reason that they will also provide a secure way to verify electronic signatures in the near future. They also assure companies that no unauthorised person can gain access to personal data. Verification of identity without ID: There are various alternatives for authenticating a signature without the need for ID. If the signatory does not have an ID card to hand, knowledge-based verification can be used. Alternatively, authentication via mobile phone will be used more frequently in future to re-authenticate a known user. This involves sending an access code or text message to a mobile phone number or using the phone itself as an authentication vector and ID. Reducing fraud with AI While AI can increase the scope and scale of cyber risks, it also plays an important role in risk mitigation: in the future, AI will support identification during initial onboarding and all subsequent steps by providing a layer of assurance that looks for evidence of trust or signs of deception. It is important that customers perceive a company’s digital signature process as secure, as a positive and secure customer experience will influence whether they want to continue using the company’s services. There are also many use cases where AI is already being used to detect fraudulent activity – such as detecting relevant signals or patterns of unlikely user behaviour on a platform based on previous experience. However, the ideal scenario is to utilise both humans and AI to increase security and trust. Both can bring risks, but together they help to optimise resilience to cyber-attacks and strengthen identity protection. To summarise, simple changes to processes, a clear understanding of digital identity protection and regular employee training on cyber security and data protection can often lead to significant improvements in corporate security.

DORA Regulation as an important step towards strengthening digital resilience

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In the context of increasing cyber threats, strict adherence to and implementation of corresponding compliance regulations is becoming increasingly important. As providers of critical infrastructure, it is particularly important for financial organisations to prevent IT outages and security incidents in order to ensure business continuity. With the Digital Operational Resilience Act (DORA), the EU has issued a set of regulations to ensure digital operational stability and prevent systemic risks in the financial sector. The new requirements harmonise and tighten the existing regulatory requirements for ICT management and interfere with IT operations and outsourcing to third parties. At the same time, the verification and reporting obligations are increasing, which means a considerable amount of additional work. Which organisations are affected? DORA affects a large number of organisations in the financial sector. These include not only banks and insurance companies, which are already familiar with such regulations through the EBA/EIOPA guidelines on ICT security and outsourcing, but also trading venues, occupational pension schemes, providers of crypto services, insurance intermediaries and many other financial companies. The categorisation of the service is important for ICT providers, including cloud service providers, in the financial sector. If the services provided are considered „critical“ for financial organisations, the scope of DORA is applied directly to the ICT provider. This requires compliance with high security standards to ensure the resilience of the financial market. In addition, some of these large ICT providers fall directly within the supervisory framework. Where should business leaders start? To successfully fulfil the requirements of DORA, a proactive approach is crucial. Companies should carry out a comprehensive analysis promptly in order to identify and prioritise the necessary measures. Close collaboration between IT and business units is essential. The implementation and operation of the measures require continuous monitoring and regular adjustments. The support of external experts can speed up the process and ensure that all requirements are met on time. Furthermore, it is important that companies not only fulfil the regulatory requirements, but also establish a culture of cyber security throughout the entire company. Awareness-raising and training for managers, key roles and all other employees are therefore essential to strengthen digital resilience at all levels. DORA requires further development of the risk management system The implementation of the Digital Operational Resilience Act (DORA), which will be mandatory from 2025, requires a comprehensive review and further development of various aspects of the risk management system. This includes in particular: Implement DORA with the help of PATECCO’s Risk-OptimAIzer Risk management is nothing new, but the risk view must be extended to the corporate ecosystem. In other words, the risks that exist or arise for the company through the procurement of services must be factored in. For this purpose, we have developed a tool to implement the requirements of DORA at PATECCO. The new tool Risk-OptimAIzer is able to perform the following functions: PATECCO can help your company implement the DORA requirement by setting up a comprehensible IT risk management system. As a first step we create a GAP analysis of the status of your risk management in comparison to the DORA requirements and based on the results, we create a customised implementation offer. By leveraging Risk-OptimAIzer, organizations can establish a structured approach to IT risk management that aligns with DORA regulations. The tool enables organizations to assess, monitor, and mitigate risks effectively, while also ensuring compliance with regulatory requirements and driving continuous improvement in software delivery performance. The DORA Regulation is an important step towards strengthening digital resilience in the financial sector. Cybercrime remains a constantly growing threat, regardless of DORA, which is why sustainable and cyclical cybersecurity planning is necessary. With an early and strategic approach, companies can strengthen their digital resilience and effectively protect themselves against cyberattacks. The implementation of DORA should not be seen as an obligation, but as an opportunity to sustainably strengthen security and resilience to digital risks.

Best Practice Tips for Successful Customer Identity and Access Management

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Identity and Access Management is now considered a secure alternative to passwords as an authentication method. However, in addition to security, the user experience also plays an important role. With these six tips, providers can ensure an optimal customer experience and therefore satisfied customers. Securing critical data is an essential part of digital transformation. Many companies still use passwords as their main authentication method. However, as a relic of the pre-digital age, it has long been declared a major insecurity factor and obsolete. Identity and Access Management (IAM) offers an effective and less costly alternative. The key to a successful IAM approach is the correct identification and profiling of customers based on data. This is the only way for companies to correctly understand the needs and interests of users and offer appropriate services and products that guarantee a personalized customer experience. Both sides benefit from this relationship, as companies can increase customer loyalty and business profits and users receive the information and services they really want. While IAM is being used more and more, the demands on its functionality are also growing and it now has to do more than just provide security. A successful solution must also guarantee customer satisfaction and serve multiple stages and platforms of customer contact without overburdening or scaring off the end user. Nevertheless, companies should consider the implementation of a suitable customer IAM solution (CIAM) as a top priority, as it can have a direct impact on the company’s success as the link between IT, marketing and sales. With the following six tips from PATECCO, companies can successfully optimize their customer IAM for security and customer satisfaction: The right balance between usability and security While ease of use is a critical factor, it should not be built at the expense of privacy or lax practices for accessing company data. Just as front doors are not opened to just anyone, companies should be welcoming but not allow access to cyber thieves. Evaluate IAM solutions according to scalability and availability The scope of customer IAM programs is often much larger than that of employee IAM programs. Customer populations can number in the millions and fluctuate at any given time, so organizations should evaluate IAM vendors on their ability to scale, branding, customization, availability and performance. Vendors should be selected based on their ability to adapt to current and future business needs. Customers should have immediate access to applications Consumers have no patience for long waiting times when logging in and registering. With poor performance and slow responsiveness, users quickly abandon apps and switch to the competition. Therefore, customer IAM solutions should offer response times of just a few milliseconds. Existing technologies should be integrated Let’s be honest, it’s never easy to start from scratch. Especially when companies have been working successfully with legacy technology for years. Therefore, it can sometimes make sense to build on existing IAM investments. Leveraging existing identity tools, even if they are separate instances, can potentially reduce the cost of technical support, training and licensing. In these cases, organizations need to ensure that their customer IAM solution is designed to integrate seamlessly with existing technologies. Multi-platform is a must Even a single customer uses multiple platforms to engage with the brand: desktop and mobile web, phone and in-person interactions. This leads to an explosion of new use cases for customer identity – not to mention unique technology requirements. Organizations should ensure that their customer IAM solution can not only address current browser and software-based applications across these platforms, but has the vision and capabilities to serve future needs such as the Internet of Things, Big Data, product development and risk management. Implementation of various authentication methods Every customer is unique and has their own preferences. Just as online stores offer a variety of payment methods such as credit card, PayPal, etc., CIAM solutions should provide a variety of authentication options to suit every taste. Social logins, SMS texts and biometric authentication methods offer different customers the convenience they need. Companies can thus combine data protection with a positive customer experience. At the heart of successful customer IAM is always the positive customer experience, which ultimately has an impact on overall business success. Companies must find suitable solutions to keep customer satisfaction high and personalize services better. This is the only way for companies to stand up to the competition and retain customers in the long term.

PATECCO Will Exhibit as a Golden Sponsor at „IT for Insurance“ Congress in Leipzig

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For a third time the Identity and Access Management company PATECCO will take part in “IT for Insurance” (IT für Versicherungen) Trade Fair in Leipzig, Germany. The event is planned to take place from 28.11 till 29.11.2023.  It is known as the leading market place for IT service providers of the insurance industry with a focus on the latest technological developments and IT trends. The congress unites all exhibitors, speakers, trade fair visitors and gives the opportunity to socialize, exchange experiences and discuss current trends and projects in the IT industry. During the two days of the event PATECCO will exhibit as a Golden sponsor and will present its portfolio and services to each visitor who is interested in Managed Services and Identity and Access Management. Along with the exhibition, PATECCO will participate at an Elevator Pitch with a presentation about Risk Management – „DORA ante portas“ – Improving risk management and resilience with Risk-Minim-AI-zer and Reslienz-Maxim-AI-zer. The main speaker – Mr. Albert Harz will share best practices on how IT risk management can be improved and how the corporate resilience can be increased using generative AI. Picture source: www.versicherungsforen.net PATECCO is an international company, dedicated to development, implementation and support of Identity & Access Management solutions. Based on 20 years’ experience within IAM, high qualification and professional attitude, the company provides value-added services to customers from different industries such as banking, insurance, chemistry, pharma and utility. Its team of proficient IT consultants provide the best practices in delivering sustainable solutions related to: Managed Services, Cloud Access Control, Privileged Account Management, Access Governance, RBAC, Security Information and Event Management.

Best Practices for Successful Risk Management

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Markets and their requirements are currently changing faster than ever before. Digitalisation is advancing, and more and more companies are shifting processes to the cloud. Artificial intelligence is producing results that were previously not thought possible – the outcome is uncertain. Considering these developments, smart risk management is becoming indispensable for companies of all kinds. A robust and customised risk management process not only helps your organisation reduce uncertainty. It can also tip the proverbial scales when it comes to delivering critical value to your customers. This article explains risk management, how to implement enterprise-wide risk management and the link between risk management and information security. What is risk management about? Risk management in a company systematically identifies, evaluates and deals with potential risks. These risks could affect the company’s objectives, assets and stakeholders. Every company has its own risks, depending on the industry and context. An effective strategy requires tailored processes to analyse and appropriately manage the risks. As the use of online technologies in the business context increases, so do the threats. Examples include home office and cloud services to which companies are exposed. Dealing with these risks in a planned manner is essential for a company’s information security. Certification to ISO 27001 is particularly important for those companies that work with large amounts of personal data. This is even more true for companies in critical infrastructures, e.g. the healthcare and financial sectors. ISO 27001 is the international standard for information security and lays the foundation for a company-wide information security management system (ISMS), which in turn defines measures for risk management in the company. This makes the ISMS a particularly important element for the long-term success of a company. Development of a risk management process Risk management according to ISO 27001 follows a process that comprises three central steps: Below we look at each of these steps in detail and provide you with useful best practices. Are you ready? 1. Identification and assessment of risks There are various approaches to identifying and assessing risks for a company. Approaches focusing on assets to be protected, on vulnerabilities, on threats and on scenarios are particularly common. Each variant has certain advantages and disadvantages and areas of application in which it is particularly useful.Before you start with the actual assessment of risks, you must first decide on a basic perspective for the analysis. Basically, there are two categories: qualitative and quantitative risk analyses. 2. Develop a risk treatment plan Once the potential risks to an enterprise have been identified and assessed, a risk treatment plan must be developed. This is used to manage or eliminate the risks. Regardless of the industry, four ways have been established to deal with risks to businesses. „Avoiding the risk“ in this case means doing everything possible to eliminate the cause of the risk. This may include stopping certain activities, no longer serving certain markets or no longer pursuing certain projects. Avoiding the risk makes sense above all when the risk is very likely and the possible consequences would be particularly fatal. If a company decides to „reduce risk“, it takes measures to reduce the risk or mitigate consequences. These include the introduction of measures, processes or guidelines. This option makes sense if the probability of occurrence is low and the possible consequences are significant for the company. In „transferring the risk“, the risk is transferred to another party, for example by taking out insurance or outsourcing certain activities to a third party. This option is always chosen if the possible consequences of a risk would be high and the company itself cannot or does not want to take countermeasures. In this option, the risk and its possible negative consequences are accepted. Instead of taking countermeasures, one prepares as far as possible, e.g. through monitoring or contingency plans, and includes the negative consequences as costs in calculations. This option always makes sense if the possible negative consequences of a risk are relatively small and the company is prepared to bear them. 3. Review and check for residual risks After the risk treatment plan has been completed, it must be reviewed for its effectiveness and possible residual risks. If residual risks are identified, they can be assessed using the above approaches and integrated into the existing plan. The final review is to ensure that the internal risk management is designed for the long term and is continuously monitored and controlled. Any changes in business processes or the business context must be taken into account and may lead to changes in the risk treatment plan. Cybersecurity and compliance are complex and becoming more complicated as more sophisticated threats emerge across the globe. Comprehensive cybersecurity, driven by senior management, can provide flexible and responsive solutions to these issues and protect businesses with an exceptionally secure and robust infrastructure. PATECCO offers you competent expert advice and solutions tailored to you in order to optimally support you in your risk management. In addition, we support you with ISO 27001 certification, your DSGVO compliance and develop individual strategies for your company-wide risk management.

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