OpenSSL3 Critical vulnerability: How to fix CVE-2022-3602 and CVE-2022-3786 | Read here  >>

The CyberRisk Summit is back: Join us on Dec 6. as we recap the cyber risk landscape in 2022 | Get free ticket >> 

Product update: Group and deduplicate vulnerabilities with “Vulnerability Clusters” for efficient cyber risk management | Read here  >>

OpenSSL3 Critical vulnerability: How to fix CVE-2022-3602 and CVE-2022-3786 | Read here  >>

The CyberRisk Summit is back: Join us on Dec 6. as we recap the cyber risk landscape in 2022 | Get free ticket >> 

Product update: Group and deduplicate vulnerabilities with “Vulnerability Clusters” for efficient cyber risk management | Read here  >>

Process

Risk Management, Risk Assessment, Risk Remediation: What are the differences?

Discover how to utilize risk assessment and management so you can take control of your cybersecurity processes.

Orani Amroussi | August 25, 2021

‘Risk assessment’, ‘risk management', and ‘risk remediation’ are often tossed around as synonyms, but that doesn’t mean the words are interchangeable. They are all critical terms when it comes to addressing security vulnerabilities. 

Risk Management

Risk management is the umbrella category risk assessment and remediation fall under. It is the macro-level process of assessing, analyzing, prioritizing, and making a strategy to mitigate threats. As a company grows and becomes a bigger target for bad actors, it’ll need to invest more in risk management to stay secure.

Risk Assessment

Risk assessment is a process within risk management: the goal here is to break down threats into identifiable categories. A risk assessor should then be able to define the potential impacts of each risk. The first step of risk assessment is always monitoring and visibility, all to assess what will harm your business. Assess your risk for free today with Vulcan Free.

Risk Remediation 

The last mile in the risk assessment and management process is risk remediation. In simple terms, this is getting fix done. Risk remediation is addressing the threats you’ve identified, patching those holes in your security. It’s the final mile of the whole process. After all, why bother to identify all those threats and not do anything about them? Vulcan remediation intelligence is aimed at finding just the right patch, script, or workaround for the problem. 

Each stage in the life cycle of addressing security vulnerabilities is distinct, and they’re all equally important to go through. Learn more about the transition from risk management to risk remediation on our blog. Managing risk is an investment in the safety of your firm. That’s why Vulcan Cyber takes your unique risk profile into account as it helps you design a risk management, assessment, and remediation process that works best for your organization.