USA : +15512422980   |   India : 18001021532(Toll-Free)

USA : +15512422980   |   India : 18001021532(Toll-Free)

Why Is A Vulnerability Assessment Critical For Your Business?

IARM Information Security > Blog > Why Is A Vulnerability Assessment Critical For Your Business?

 Several people at office computers running vulnerability assessments

When it comes to keeping the operations, assets, and overall interests of a company or business safe in this ever-increasingly digital world, vulnerability assessments are critical components that can’t be overlooked or forgotten.

Vulnerability assessments are essential for identifying potential risk areas in a business’s cybersecurity that could potentially be exploited during a digital attack or threat event, leading to severe consequences like the theft of confidential information and the loss of data or revenue. Please continue to find out more about the essential nature of vulnerability assessments and what they can do to protect the prospects of your business. And if you’d like to acquire the services of a trusted industry provider of top-quality information security and cybersecurity protection, please consider reaching out to IARM today.

Related: Why Is Third-Party Risk Management Important?

What is Vulnerability Risk Assessment?

Three monitors with code going through vulnerability assessments

In short, a vulnerability risk assessment can be understood as a type of systematic review of the various security weaknesses in an information system. These assessments can evaluate if systems are susceptible to known vulnerabilities of varying severity levels and then provide quality recommendations for vulnerability mitigation and remediation where applicable. There is a wide range of different vulnerability risk assessments that businesses can use to locate potential issues, including:

Application Scans

Automated application scans are meant to identify any security vulnerabilities present in web applications and their source code. The scans typically operate on the front end of the source code through both static and dynamic analysis. 

Host Assessments

Host assessments are designed to assess the potential vulnerability of servers that are critical to a business’s security and operation. If not adequately tested and mediated, these vulnerabilities could provide a crucial opening for attacks and threat events that could compromise valuable data and systems.

Database Assessments

Database assessments are meant to analyze extensive data systems and databases for potential misconfigurations or vulnerabilities that could leave systems open to attacks or threat events. They are also designed to identify insecure dev/test environments and rogue databases while classifying sensitive data across a business’s system infrastructure. 

Network and Wireless Assessments

These assessments focus on specific practices and policies to help prevent unauthorized access to critical data on private or public networks and across various network-accessible resources.

Related: The Importance of Security checks during Vendor Risk Assessment

What Threats can Vulnerability Assessments Prevent?

Vulnerability assessments can protect businesses and their systems from a range of potential threats, including:

  1. Insecure defaults from software that comes with weak base settings, such as easy-to-guess employee or admin passwords
  2. The unauthorized escalation of employee or customer privileges caused by faulty or ineffective authentication mechanisms
  3. Code injection attacks, like XSS or SQL injections

As a business or company owner, you must invest in the best possible cybersecurity to keep your critical information as safe as possible. Reach out to IARM today to find out precisely what the most promising enterprise information security organization in the market can do for you.

The Security Scanning Process of Vulnerability Assessments

A man working on two laptops and going over vulnerability assessments

Vulnerability assessments involve a specialized security scanning process that consists of four crucial steps: systems testing, analysis, assessments, and remediation. Each is essential for ensuring that a business’s various systems are adequately protected against potential threats.

1.Vulnerability Identification and Testing

Identification and testing are conducted to draft a comprehensive list of system vulnerabilities. This occurs through the analysis of application, server, and system health, which involves scanning them with a range of automated tools or evaluating them through manual means. Additionally, analysts will typically rely on asset management systems, threat intelligence feeds, vulnerability databases, and announcements of vendor vulnerability.

2.Vulnerability Analysis

Vulnerability analysis identifies the source or root causes of the vulnerabilities found in step 1 above. This involves identifying components responsible for vulnerabilities, such as old versions of system securities or open-source libraries. Then, the analysis provides a list of potential remedies, such as upgrading the securities and library.

3.Vulnerability Risk Assessment

Risk assessment is done to prioritize the importance of each vulnerability based on a range of crucial factors, including:

  • Which systems are affected by the vulnerabilities
  • What data is potentially at risk
  • Which business operations or functions are at risk
  • How easily could an attack or system compromise occur
  • How severe would those attacks likely be
  • What potential damage could be caused due to the vulnerability

4.Vulnerability Risk Remediation

The fourth and final step of a vulnerability assessment involves developing a practical risk remediation plan to close security gaps, which typically requires a joint effort between security staff and operations and development teams.

Together, they’ll determine the most effective path for correcting or mitigating each potential vulnerability. Specific elements involved in this step of the process may include:

  • The introduction of new security tools, procedures, and measures
  • The development and implementation of vulnerability patches
  • Updating configuration or operational changes

Related: Cyber Security for Startups

Types of Vulnerability Assessment Tools

Businesses can utilize a range of vulnerability assessment tools to help protect themselves against potential attacks or threat events. These tools allow for the automatic scanning of existing threats that may pose a hazard to applications. Some of these tools include:

  • Network scanners to discover potential issues, including stray IP addresses, suspicious packet generation, or spoofed packets 
  • Web application scanners that simulate and test for known attack patterns 
  • Protocol scanners that can search for vulnerable protocols, network services, and ports

The Bottom Line: Your Business Needs Vulnerability Assessment

To protect your business from attacks and security threats that could severely impede its operations, assets, and financial bottom line, owners, managers, and security personnel need to ensure that they are utilizing practical vulnerability assessments.

This method of digital protection is more critical than ever before, and it will only continue to grow in importance as the digital world progressively gains more control over aspects of our physical reality.

If you want to help protect your business from potential attacks to ensure its continued safety and success, please consider reaching out to the industry professionals at IARM today. Also, don’t forget to check out their range of expertly written cybersecurity articles.

Are you in need of a new provider to deliver unique, customized cybersecurity solutions with transparent flexibility that’s committed to ensuring the wellbeing of your business’s critical information? Reach out to the trusted industry experts at IARM today to learn about everything they can do for you.

Inquire Now

Leave a Reply