Vulnerability-Based Risk Analysis expands the scope of risk identification beyond an organization’s assets and processes. It involves leveraging lists of known vulnerabilities, weaknesses and deficiencies, which can be sourced from the market, experts, manufacturers, or other entities. These vulnerabilities may exist in technology, such as various software, operating systems, or hardware, making them susceptible to exploitation by attackers. Additionally, there may be procedural weaknesses, such as emerging fraud techniques or novel social engineering methods, which can also pose risks.
- By analyzing these known vulnerabilities, organizations can identify new potential risks and assess the consequences that may arise from their exploitation.
- Vulnerabilities can also increase the likelihood of known risks
- Integrating vulnerability-based risk assessment enhances the risk identification.
- However, it’s important to note that this approach should complement existing risk identification methods rather than replace them. Traditional risk forecasts may not always capture the full spectrum of risks an organization.
How to perform a risk analysis based on vulnerabilities
1. Monitor Known Vulnerabilities Regularly:
- Keep a close eye on the list of known vulnerabilities.
- Regular monitoring ensures that you stay informed about any potential risks.
2. Focus on Technology Vulnerabilities of Technologies You Use
- Concentrate on vulnerabilities specific to the technologies you use.
- Understanding these weaknesses is crucial for effective risk analysis.
3. Update Existing Risks for New Vulnerabilities
- When a new vulnerability emerges, update the associated risks rather than creating entirely new risk assessments.
- This approach maintains consistency and streamlines risk management.
4. Implement Necessary Measures After Risk Assessment
- Once you’ve assessed the risk, take appropriate measures to mitigate it.
- Whether it’s patching software, enhancing security protocols, or implementing other safeguards, timely action is essential.
How Aptien helps with vulnerability-based risk analysis
- Start from the vulnerability catalog, where you’ll add a new vulnerability.
- Perform an impact analysis of the vulnerability on existing risks.
- Aptien will assist you in maintaining the connections between vulnerabilities and risks
