The table outlines five key characteristics, each starting with the letter "D," that Gartner believes effective cyber-risk management must possess. Here's an explanation of each:
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Dynamic: Cyber-risk management needs to be a continuous and adaptive process. The digital environment is constantly evolving, with new threats and vulnerabilities emerging regularly. Therefore, your approach to managing risk cannot be static; it must be applied in a timely manner and adjust to these rapid changes.
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Distributed: Effective cyber-risk management isn't solely the responsibility of a central security team. It needs to be distributed and integrated into various parts of the organization. This means individuals and teams across different business units should be aware of and contribute to managing risks within their specific areas, leading to targeted results that support overall business success.
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Defensible: Cyber-risk management practices and decisions should be understandable and justifiable. Organizations must be able to explain why certain controls are in place and how they contribute to achieving business objectives. This defensibility is crucial for stakeholder trust and demonstrating the value of security investments.
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Data-driven: Decisions related to cyber-risk management should be based on facts and relevant data specific to the organization. This involves collecting, analyzing, and leveraging information about threats, vulnerabilities, and the potential impact on the business to make informed and proportionate risk management choices.
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Decision enabling: Ultimately, the goal of cyber-risk management is to provide risk owners (those accountable for specific risks) with the information they need to make informed decisions. The insights generated should be helpful in understanding the value at stake and the level of risk, allowing for appropriate actions to be taken.
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