How an Asset Inventory Improves The Five Essential Steps of a Risk Management Program

With the average cost of a data breach reaching $4.88 million, risk management is a necessity. A vital part of risk management is a modern asset inventory which supports the five steps of risk management – risk identification, risk assessment, risk prioritization, risk mitigation, and constant monitoring, reviewing and updating. This helps in proactively identifying threats and vulnerabilities to maintain business continuity and protect crucial assets.