What is Risk Based Vulnerability Management (RBVM)?

Today’s world has developed highly in terms of digitalization which has led to a rapid increase in the number of cyber risks. Organizations around the globe have been searching for a permanent solution to this problem. Earlier the use of vulnerability scanners was found effective for identifying unpatched softwares but with the advancement of cyber risks, the use of vulnerability scanners is no longer enough. In order to put an organization in a place of achieving cyber resilience, fnCyber offers Risk Based Vulnerability Management.

Risk Based Vulnerability Management (RBVM) is considered to be a cybersecurity strategy by which organizations can prioritize remediation of software vulnerabilities considering the threat they possess to the organization. RBVM has several components as found by fnCyber.

• RBVM uses ‘Threat Intelligence’ for the identifying of vulnerable attackers.
• RBVM uses this intelligence in order to generate a risk score depending on the likelihood of exploitation.
• Risk Based Vulnerability Management takes into consideration the business context of several assets as the intrusion in some segments of the network which may turn out to be more damaging.

KEY VULNERABILITY MANAGEMENT SOLUTIONS

At fnCyber, Vulnerability Management Solutions aim at three basic steps of detecting, removing, and controlling the risk of vulnerabilities an organization possesses. The removal of vulnerabilities depends on the most immediate risk possessed. These vulnerabilities often come up from unpatched operating systems, programs, or apps that may still be running with old software versions after being plugged into the modern network. These may also include users who may bring in pre-infected devices into the network or share sensitive and secret data without concern.

NEED OF RISK BASED VULNERABILITY MANAGEMENT

The need for Risk Based Vulnerability Management can be explained using a simple sentence that says ‘the larger the organization, the larger is the vulnerability possessed’. This cannot be fully handled by the organization’s cybersecurity department. In an average IT organization, there are around 80,000 IT devices, which include several laptops, internet routers, servers, and internet-connected printers. All these devices in total may hold around 40 million vulnerabilities that cannot be handled by an ordinary cybersecurity team. This looks pretty hopeless to many organizations whereas to other organizations who have taken up Risk Based Vulnerability Management, this is of no issue as they have got improved security, which minimizes and eliminates the risk of any vulnerabilities prone to exploitation.

The success of Risk Based Vulnerability Management Programs totally depends on the quality of the data used by the organization. At fnCyber, we use our knowledge to identify the factors which can be used by threat possessors at the time of choosing the vulnerability for exploiting. Risk Based Vulnerability Management has started to modernize the way in which large organizations can approach and remove the vulnerabilities with ease. It has turned out to be a win-win situation for both IT and the security of the organizations.