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4. Sir Lancelot
Assess & Manage Risk
A threat, vulnerability, and risk. More often than not, many in the business use these terms incorrectly or interchangeably.
Risk is the intersection of assets, threats, and vulnerabilities.
While it might be unreasonable to expect those outside the security industry to understand the differences, it is crucial to managing your cybersecurity. If you don’t understand the difference, you’ll never understand the true risk to assets.
When conducting a risk assessment the formula used is….
A + T + V = R
Asset + Threat + Vulnerability = Risk
This is the potential for loss, damage or destruction of an asset as a result of a threat exploiting a vulnerability.
Each sector has its own cybersecurity pain points, and there is, of course, much overlap as well. Phishing is especially an issue across all industry sectors, likely because it taps into our behavior, and because of that it is very successful as an attack vector.
What are the most commonly mixed up security terms?
Threat, vulnerability, and risk.
While it might be unreasonable to expect those outside the security industry to understand the differences, more often than not, many in the business use these terms incorrectly or interchangeably.