5 Step Guide: How to Perform a Cyber Risk Analysis | UpGuard

This article outlines a practical, four-step cyber risk management framework—set risk appetite and categories (avoid, accept, control, monitor), select appropriate assessment standards (e.g., ISO 27001, NIST), prioritize findings with a risk matrix, and implement/monitor security controls using security scores. It emphasizes qualitative risk analysis, digital footprint mapping, vendor risk management (including vendor tiering), and continuous remediation workflows. The piece also highlights how UpGuard’s platform supports assessments, asset discovery, risk scoring, and remediation orchestration.