The importance of risk management cannot be overstated… and yet, many enterprises struggle with the practice due to a lack of standardization or expertise. And while the challenges that businesses face implementing risk management are understandable, they are no longer acceptable. 

This article will provide an in-depth overview of OCTAVE Allegro, a framework developed to help small and mid-sized businesses effectively approach risk management. Whether you are an IT professional, security analyst, or business owner, understanding the capabilities of OCTAVE Allegro can help you better protect your organization from cyber threats.

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Over the past few weeks, we’ve talked quite a bit about risk:

• What it is.
• How it applies to compliance.
• How you can start to think about it as an aspect of your overall business strategy. 

In many of the cases we’ve discussed, we’ve referred to risk in terms of mitigation–how to close the gap between your security capabilities and potential threats in the wild. 

But what’s critical to understand about risk is that it is just as much about how much risk you want to take on as you want to remove. And, when discussing potential risks concerning business goals, you must consider your risk appetite statement. 

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We started our series on risk management a few weeks ago by introducing the concept of risk. One of the general stereotypes about risk is that it lacks some discreteness of security compliance–it doesn’t lend itself to checklists or paint-by-numbers approaches. This is, overall, a good thing, but can prove challenging for enterprises not ready for it. 

Here, we wanted to discuss something that many don’t associate with risk management–visualization and analytics. While risk is a human-driven process overall, decision-makers would do well with a set of easily digestible information to help foreground risk as a measurable process.

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