Do You Need Vulnerability Risk Management?

Posted by Jessica Grube on Apr 4, 2019 1:22:38 PM
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do you need vulnerability risk management

Across the globe cybersecurity teams work around the clock to keep up with scanning and patching vulnerabilities, and identifying threats.  This form of Vulnerability Risk Management is becoming a top priority within IT security teams.

As such, more and more risk personnel are reaching out to vendors of VRM to help with vulnerability management and the struggle to reduce security cyber risk. But do you really need a vulnerability risk management solution?


Security breaches are on the rise

Over the last year, 58% of enterprise organizations suffered a breach. According to Forrester Research, of all those external breaches, over 41% arose through the exploitation of some form of software vulnerability.

Organizations continue to suffer breaches, despite savvy IT departments and good detection technology. Vulnerability Scanning provides visibility to potential weakness across the network, but there is still a need to change this ‘find’ mentality to a ‘fix’ mentality.

VRM systems can do this, after addressing key challenges.


Challenges in Vulnerability Risk Management

Vulnerability prioritization

Many organizations prioritize based on CVSS score. This can generate large amounts of data – often too much for remediation teams to take targeted and informed action. This phenomenon is multiplied in larger organizations. It engenders the question – which vulnerabilities are actually critical?

Thankfully, with a managed VRM solution (like our MAXX VRM service), prioritized remediation allows us to provide actionable insights based on vulnerability severity, asset criticality, compliance requirements, and our unmatched threat intelligence.

Remediation process

Remediating a security vulnerability takes organization 103 days on average. These days, malware attackers can exploit with speed and agility.

Vulnerability Risk Management services provide both the technology and human expertise needed to successfully perform scanning of all systems. With a VRM service, it is possible to ensure that technical vulnerabilities and misconfigurations are identified and quickly remedied.


Proving the value prior to an attack

IT security programs are, for the most part, harder to quantify than other operations like sales or engineering. It’s often hard to translate the metrics involved with IT security into measurable business value. However, the true value is the avoidance of huge breaches that can destroy businesses. After an attack, businesses plough money into protecting their systems, however by then it’s too late.

According to IBM, some 68% of companies don’t believe their organizations have the ability to remain resilient in the wake of a cyberattack, yet proving the value of VRM can still be tricky in the boardroom.


Managed Vulnerability Risk Management services

Detection alone is no longer sufficient. Prioritization, remediation, and program governance are all new precedents in cyber security systems. In the current cyber climate, it is no longer a question of whether you’ll be hacked, but rather when and how.

As such, VRM that moves beyond simply patching up vulnerabilities into real risk reduction and incident response is an essential part of any IT security team.

With our MAXX VRM, state-of-the-art technology meets prioritized remediation. The system monitors devices and web applications in internet perimeters, corporate networks, and cloud providers. The setup, configuration, scanning, and reporting is all handled by a team of experts to give you the most comprehensive VRM service available.


Try MAXX Vulnerability Risk Management

 

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