# Enhancing Cyber Security and Operations with Lansweeper’s 2024 Summer Launch
## Prioritizing Cyber Risk Management
In a world where cyber threats are on the rise and the cost of cybercrime is projected to reach staggering amounts, organizations are increasingly focusing on prioritizing their risk management efforts. With predictions that cybercrime will cost the world $10.5 trillion annually by 2025, the need for effective cyber risk prioritization methods is more critical than ever.
### Importance of Risk Prioritization
Effective risk prioritization is crucial for IT teams to allocate resources efficiently and mitigate the most significant threats first. By assessing the likelihood and impact of various risks, organizations can better prepare for potential disruptions and safeguard their assets. Prioritizing risks leads to improved decision-making, optimized resource management, and enhanced crisis preparedness. However, it comes with challenges that require a systematic approach and ongoing monitoring to address.
### Methods and Techniques for Risk Analysis and Prioritization
Quantitative and qualitative risk prioritization techniques offer different approaches to assessing risks. Quantitative methods use numerical data for evaluating probabilities and impacts objectively, while qualitative approaches rely on subjective judgments. Common risk assessment frameworks like ISO 31000, COSO ERM Framework, and NIST Risk Management Framework provide structured guidelines for identifying, evaluating, and managing risks across different industries.
### Key Factors in Risk Prioritization
Identifying and documenting potential risks is the initial step in risk prioritization. Understanding the severity, impact, and likelihood of risks helps in prioritizing them effectively. Considering how risks may interact and influence one another is crucial for developing a comprehensive risk management plan.
### Implementing Cyber Risk Prioritization with Lansweeper
Lansweeper’s automated asset discovery and inventory capabilities facilitate efficient risk assessment by continuously monitoring IT assets for vulnerabilities and compliance issues. By automating risk assessment and providing detailed reports on risk severity and impact, Lansweeper enables organizations to prioritize and address critical risks promptly.
Several organizations, including AaSys and Bekaert, have successfully leveraged Lansweeper to streamline their risk management processes and enhance their security posture. By automating IT asset inventories and vulnerability assessments, these organizations have reduced manual efforts and accelerated the identification and mitigation of critical risks.
### Lansweeper’s New Features
Lansweeper has introduced two new features within Risk Insights to further empower IT teams in risk prioritization:
1. **Exploitability Information**: This feature informs IT admins about vulnerabilities that have been exploited in the wild, enabling them to prioritize mitigation actions effectively.
2. **Affected Products Categorization**: IT admins can now identify which hardware or software products within their assets are affected by vulnerabilities, enhancing their risk management strategies.
### Conclusion
In an era where cyber threats are evolving rapidly, organizations must prioritize risk management efforts to protect their assets and ensure operational continuity. By leveraging Lansweeper’s comprehensive capabilities and new features, organizations can enhance their risk prioritization strategies, minimize potential disruptions, and improve their overall operational efficiency.
