Part 1: Risk and Security in Modern Systems

“Risk “is a term gaining real traction in any industry where cybersecurity regulations impact businesses. Many frameworks and regulations are turning to risk management as a proactive and comprehensive approach to security management. This shift can mean big changes for enterprises that aren’t generally considering risk as part of their security profile. 

This article is the first in a series of articles related to risk management as a challenge for modern businesses. Throughout this series, we will cover several topics related to risk management in modern business:

• Why is risk management becoming the focus of cybersecurity?
• Is abstract risk management detrimental to companies that would benefit from clearly-defined standards?
• How does risk management apply to both enterprise and small businesses alike?
• Is there a way to implement risk management with a standards-first approach?
• Are their platforms, visualization tools, etc., that can change how we look at risk management?

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With the Department of Defense unveiling CMMC version 2.0 last November, many contractors breathed a sigh of relief. The relaxed assessment requirements and streamlined structure signaled a willingness from the DoD to work with assessors and contractors to find a way to promote security over Controlled Unclassified Information (CUI) without making the process harder than it needed to be. 

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After several delays and timeline shifts to accommodate vendor and auditor feedback, the Payment Card Industry Security Standards Council will release the newest version of the framework, PCI DSS 4.0. This standard, expected to launch at the end of March 2022, will fundamentally alter some key components of the framework to help support payment acceptance for modern devices and consumers. 

Here is what we are expecting to come down the pipeline once PCI 4.0 hits the market. 

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