What types of infrastructure do you manage-in the cloud or on-premises?.What applications do you access? Are they in the cloud or on-premises?.What types of structured and unstructured data do you create, process, and store? Are all data classified, labeled, and encrypted?.Some questions for organizations to consider during the asset discovery and risk identification phase: Following the reference architecture would allow organizations to obtain a holistic view of their IT landscapes and associated risks. The Zero Trust architecture emphasizes the full coverage of organization assets across the entire digital estate, with six pillars specified as identity, endpoint, network, data, application, and infrastructure. With prioritization, activities of identifying threats and vulnerability to the assets are then performed. In the initial step of risk management, organizations need to categorize the system and information processed, stored, and transmitted based on impact analysis. Identification: More thorough asset discovery and risk identification with the six pillars
Let’s look at how Zero Trust architecture can help an organization effectively manage enterprise risk management practice throughout the four phases: 1. Microsoft approaches the following Zero Trust architecture as a reference for customers to defend their digital estates. How can Zero Trust architecture help with risk management? More attention has been drawn to the Zero Trust security model that assumes attackers are in the enterprise environment and encourages organizations to always verify explicitly and enforce least-privilege access. Perimeter-driven defense is no longer adequate in protecting against the rising attack vectors. With trends like digital transformation, cloud migration, and hybrid work, traditional trust boundaries are getting blurred. Are the long-established risk management programs in the enterprises staying on top of the evolving digital and threat landscapes? As such, the return on investment (ROI) is maximized in effectively protecting the organizations’ assets as well as ensuring their business operations. Given the limited resources available, we have seen many organizations often prioritize investment in security controls, which can address the more critical risks. Taking insider incidents as an example, they are not only costly to organizations but also time-consuming to be contained. Risk management plays a critical role in helping organizations with their security posture enhancement. Risk management, the process of developing a strategy for addressing risk throughout its lifecycle, normally involves four phases: risk identification, assessment, response, and monitoring and reporting. “Compliance is all about risk management and lessening risk, and the same is true of Zero Trust.” - Abbas Kudrati What’s risk management and why is it important? Microsoft Purview Data Lifecycle Management.Microsoft Purview Information Protection.Information Protection Information Protection.Microsoft Purview Communication Compliance.Microsoft Purview Insider Risk Management.Risk Management & Privacy Risk Management & Privacy.Identity Threat Protection Identity Threat Protection.Microsoft Defender Vulnerability Management.Azure Active Directory part of Microsoft Entra.
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