How to Create a Risk Management Process for Your Cybersecurity

How to Create a Risk Management Process for Your Cybersecurity

We’ve been known to take a bit of an extreme approach to cybersecurity—your business is at constant threat of being attacked by all manners of threats and all that. While we stand by this approach as an effective way to boost awareness and adherence to cybersecurity needs, there are certain attacks that are more likely to target you. This is where risk management comes into play.

Why is Risk Management Crucial to Your Cybersecurity?

In a word, preparedness… but a strategic approach to it.

Let me ask you this: if your business was located in the middle of the Sahara Desert, would you be terribly concerned about a snowstorm interrupting your processes? Of course not, so you certainly wouldn’t prioritize any efforts that were specifically intended to fight a snowstorm—you wouldn’t keep a supply of snow shovels to clear off the roof, for instance.

Risk management is the practical approach behind this extreme example, and when applied to your cybersecurity, it is based on the unique balance of cybersecurity risks that your business exhibits. By developing a cybersecurity risk management plan, you are able to adjust your approach to match this balance.

How to Fulfill Cybersecurity Risk Management

Generally speaking, the process behind cybersecurity risk management is as follows:

Identify Potential Threats

First, consider your business’ hardware infrastructure and the software that it hosts. Are there any known vulnerabilities that might affect it? What threats could potentially bypass your existing protections? Having a comprehensive list of these potential threats from the start will be crucial.

Weigh Out Each Threat’s Potential Risk

Once you’ve created your list of potential threats, you need to determine how likely each threat is to occur—and whether or not you can live with that likelihood. As you do so, you should keep the impact that each threat might have in mind. After conducting this impact analysis, you should have a tiered list of potential threats arranged by their risk.

Establish a Response to Each Risk Level

Using this list, you are ready to determine how each risk level should be approached. Generally speaking, there are four responses that you can take that are known as the four Ts of risk management:

  • Tolerate - If you determine the risk is unlikely enough or not severe enough to address, you accept that you may encounter it.
  • Treat - If the risk is sufficiently concerning, you put security measures in place to reduce its likelihood.
  • Transfer - If there’s a risk that is beyond your capabilities to control, you involve other parties in the risk—outsourcing your protections, and/or taking out cybersecurity insurance.
  • Terminate - If the risk is severe enough, you fully avoid it by altering the processes that create the risk, if not suspending them entirely.

Continue to Monitor These Risks and Adjust as Appropriate

After addressing your risks, based on the above responses, you should continue to keep an eye on them. Reexamine your potential threats every so often to see if your level of risk has changed and if you need to reconsider if your established response is still appropriate. With the threat landscape changing constantly, it’s almost guaranteed that your responses will have to change at some point.

We Can Assist You with Your Cybersecurity Risk Management

Remember the transfer option we reviewed above? White Mountain IT Services is one such party you can outsource some of your protections to. Our comprehensive cybersecurity measures can help to treat and terminate many of your largest business risks. Give us a call at 603-889-0800 to start mitigating those things that threaten your business.

Related Posts

Imagine this scenario: you’re going about your daily tasks when you receive an email from a cybersecurity company claiming that you have become the target of a hacking attack. Now, you don’t work in IT, so you’re not sure what your security agency is...
Mobile devices have become a key part of our daily lives, to the point that many of us openly feel undressed without our phones. As a result, our phones go everywhere with us. However, it’s important to remember that some applications have requested ...
We are major advocates for multi-factor authentication, but it’s also important to understand that it’s not a catch-all solution. In fact, it has forced cybercriminals to be even more innovative to find alternative methods of attack. One method hacke...
Chances are, you’ve gone through some old files and weeded through them, deleting what is no longer needed. This is especially important when you are upgrading your storage and getting rid of your existing storage media or an old computer. Let’s talk...
Let me ask you a few questions—first, how confident are you that you could spot an online ruse, and second, did you know there’s a stain on your shirt right now? Did you look? If so, you’ve just fallen for the school playground version of social engi...
Your business is your livelihood, so it only makes sense to invest in its protections so that your livelihood is secure. This will require a strategic approach. Let’s go over what your business needs to remain sufficiently secure, and what you should...
Businesses today have to deal with more potential problems than in any time in history. They are dealing with cost increases at every turn, personnel shortages, and a regulatory landscape that is always evolving. One of the biggest issues that can ha...
It’s almost summer, which means baseball is in full swing. The game that many of us grew up on has recently gone through a major shift; one that small business owners can replicate to help their organizations. It came about through the use of data an...

The Internet is a critical tool in your business’ toolbox, so it needs to be fast, reliable, and stable. What kinds of factors go into ensuring that you get the best, most reliable Internet connection? Find out in today’s blog.

While we—for reasons that should be obvious—tend to focus our attention on preventing and avoiding cybersecurity breaches, it is important that we address how your business responds to a successful breach attempt. Let’s go over how to create a data b...
A lot has been made about the Internet of Things (IoT) over the past couple of years. People have been purchasing technology they can control from their phones or from centralized smart hubs and it has resulted in a shift to the way people interact w...
Data breaches—any event where a business’ confidential data is viewed, copied, or stolen by an unauthorized person or party—are a serious problem. Unfortunately, they are also a serious problem that can be caused by no shortage of situations. Let’s r...

Onsite Service Coverage Area

Although we provide remote services and support to businesses in over 20 states, onsite services are limited to within reasonable driving distance from our offices in NH.  We will manage a local vendor for locations outside of our service area to provide onsite assistance when needed.


Onsite Computer Support Services are available to businesses within 60 miles of Nashua New Hampshire. We have excellent onsite coverage from Concord NH, south through Manchester NH, and then down into Boston. From Northern and Central Mass, we cover from Worcester, east to the North Shore, including the Salem and Portsmouth NH area.

White Mountain IT Services


33 Main St, Suite 302
Nashua, NH 03064


121 Riverfront Drive
Manchester, NH 03102


Client Help Desk


Open Positions