Over the past few weeks, we’ve discussed what it means to consider risk as part of an overall compliance strategy. We’ve emphasized throughout that risk doesn’t have to be an abstract pursuit–it can be a comprehensive part of compliance and security that uses the realities of regulations and frameworks to drive decision-making (and vice-versa). 

One of the approaches to risk and compliance that many organizations are seeing pop up in regulations is the concept of “maturity.” Maturity can mean a lot of different things, depending on the context. 

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We’ve discussed risk management and its complexity–what goes into it, what frameworks you can use, and how different forms of analysis and visualization can help you assess it effectively. 

But let’s pump the brakes a little. Have you thought about what to do about your risk profile? Do you know how to approach risk as a problem that needs a solution?

Here, we will discuss the four types of risk management approaches that enterprises use to address and navigate their cybersecurity risk.

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In the increasingly interconnected and complex world of business technology, many organizations are grappling with the challenges related to insecure integrations and agreements. The rise of technology service models, managed service providers (MSPs) and SaaS apps introduce compliance and risk management issues almost faster than businesses can keep up. 

Thus, a new discipline has evolved: third-party risk management. 

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