What Is Vulnerability Management and why it is Important?

Vulnerability Management
What Is Vulnerability Management and why it is Important?

An essential element of a vulnerability management program is the detection, evaluation and reporting of vulnerabilities. Only by identifying and mitigating vulnerabilities can an organization reduce the risk of an attacker exploiting a new vulnerability. There is no substitute for an effective risk management strategy to reduce cybersecurity risks. The vulnerability management process is the first step in fixing or mitigating vulnerabilities and should be part of the organization’s overall cybersecurity strategy, not a separate program. Once an identified vulnerability is listed in a CVE database or other vulnerability, attackers can patch it. Sources: 6Vulnerability management is a recurring process to prioritize and remedy vulnerabilities. This process should provide insights into the environment, promote and eliminate risks, with the ultimate goal of a more secure environment.  Sources: 0Vulnerability management is the process of proactively identifying and addressing potential vulnerabilities in an organization’s network security. The basic goal is to make corrections before they can be used by attackers to cause a cybersecurity breach. This will blunt new cyber-security threats when they occur, not vice versa. Sources: 1For example, validating vulnerabilities can be an effective way to contextualize the actual severity of a vulnerability. You use vulnerability scanners and sometimes endpoint agents to inventory and find vulnerabilities in a variety of systems on your network. Once weaknesses are identified, the risk they pose must be assessed in various contexts before a decision can be taken on how best to treat them. Some organizations will conduct multiple vulnerability assessments to gain a better understanding of the impact of each vulnerability on their network security. Sources: 8A vulnerability management strategy refers to an ongoing, comprehensive process or program that aims to manage an organization’s vulnerabilities holistically and continuously, as opposed to a one-time assessment and remedy of a single vulnerability. In contrast to a vulnerability assessment, a comprehensive vulnerability management program has no defined start or end date and is based on a continuous process that ideally helps the company to manage its vulnerabilities well over the long term. According to the 20 Critical Security Controls released by the Center for Internet Security, the five most critical controls to address the vast majority of organizations “vulnerabilities are continuous vulnerability assessments and fixes. Sources: 7It is worth noting that it is impossible to predict or predict whether a vulnerability will be exploited. Identifying and mitigating vulnerabilities in a company’s network, operating system, or another critical infrastructure reduces the risk of adverse business impacts should the vulnerability be exploited. IT organizations and individual system administrators work hard to bring their organizations “vulnerabilities under control. Sources: 9Vulnerability scanners and penetration tests are often confused. In fact, the two security procedures are very different and are used for different purposes. While penetration tests aim to identify exploitable security compromises, vulnerability scanning aims to identify systems that are subject to known vulnerabilities. Together with other security measures such as burglar detection and containment, both work well. Sources: 4For companies, vulnerability management offers a cost-effective way to protect critical IT infrastructure from security vulnerabilities. But a growing list of budgets – limited IT shops now find it impossible to deal with all known vulnerabilities. Fixing critical network and application weaknesses is a constant challenge, owing to the sheer number of distributed patches and the difficulty of quantifying the value of security patches for business managers. Without a vulnerability and management process to prioritize recovery efforts, organizations may fail to take the necessary steps to prevent harmful network attacks. Sources: 2The cost of fixing a vulnerability is the cost of an organization incurs when it is exploited. Rehabilitation can be as simple as applying readily available software patches or replacing a fleet of physical servers on the organization’s network. Occasionally, however, remediation recommendations are not the best way to remedy weaknesses. In these cases, the correct approach must be defined and measures are taken to remedy or reduce the probability and impact of the vulnerability exploited. Sources: 8In addition, it takes an average of 70 days to fix a critical vulnerability in web applications, and an average of 92 days to patch a similar vulnerability in an internal network. If implemented well, vulnerability management can help organizations respond more proactively to security threats and better protect their networks. Using a vulnerability lifecycle model as a roadmap, best practices for vulnerability management can be implemented to protect customers and networks from emerging security threats. Organizations can use them to improve the security of their internal networks and their customers “networks. Sources: 3Organizations that can effectively implement vulnerability management will be significantly safer against data breaches and theft. Organizations can use it to defend themselves against the most common types of cyber threats such as ransomware, phishing and malware. Vulnerability management can be defined as a process for remedying and alleviating vulnerabilities in the context of the organization’s overall security posture and business strategy. Analysis of the current security level of vulnerabilities to require action to address the threat. Sources: 5
About NetConnectNetConnect Pvt. Ltd. (NetConnect) is a Technology Solutions & Services organization that is in the business of helping customers in extracting greater value from their Operations. From helping our clients run their Technology to using our Technology to help them run their business, we are at the cusp of a significant transformation in creating value.  With a track record of over 20+ years, robust financials, the trust of over 100+ customers, domain expertise, and an incredible team, we are uniquely positioned to be the technology services partner of choice.Our flagship products Ops360, Asset360, Bill360, and Secure360 are a must for any budding organization. Visit our website to learn more about NetConnect and don’t forget to reach out to us for any query. Let us help you develop a Digital Transformation Strategy! Visit us at www.netconnectglobal.com Reach out to us: sales@netconnectglobal.comNetConnect
Cited Sources