No matter how a company goes about it, risk management is ultimately a complicated undertaking. For business people, risk management deals with business decisions, such as launching a product line or purchasing another company.
For security professionals, it's more about operations, including fighting hackers and internal fraud. Each group has different vulnerabilities and threats to worry about.
In slowly recognizing the need for each group to understand how the other's set of vulnerabilities directly affects its own risk levels, the industry is having growing pains.
Business and technology are complex in their own right; truly understanding their overlapping components and assessing risk at a more holistic level is the difficult hurdle we face.
But the array of methodologies and frameworks that deal with risk can help, depending on your organization's needs. Once you've sorted through the alphabet soup of risk assessment methodologies, you can choose the most appropriate one for your business.
It's important to at least start the process of managing risks. In an era of increasing security threats and regulatory requirements, it's something that no company can afford to ignore.
For more information visit http://www.logicalsecurity.com.