The process of identifying, assessing, and managing risks is an important part of the internal control system. Conducting a cyber-security risk analysis ensures that risks are identified and mitigated as soon as possible. Before management can identify potential events affecting the achievement of cyber security objectives, they must first be defined.
The SOC for Cyber security also includes criteria for describing a cyber-security framework. Controls established based on risk assessments are frequently derived from pre-existing frameworks and procedures.
However, a detailed cyber security framework is included to provide insight into the methodology used and the associated implemented processes.
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