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White Paper: The Importance of Risk Appetite in Risk Assessment
The effects of risk management on small to medium enterprise and attitudes towards risk and risk management in New Zealand.
But why is understanding Risk and Risk Appetite so important for Small and Medium Sized Enterprises?
Through many years of experience in the Information Technology and the Cyber Security space, our team have identified cyber risk management and compliance as an area most New Zealand mid-sized businesses struggle to comprehend and manage effectively. With the long-term goal of simplifying such a process and providing a more consumable approach to this targeted audience, we have developed a proprietary Minimum Viable Protection (MVP) methodology to tackle this problem head on. While there are some tools available on the market today, the focus of these appear to be on risk assessment frameworks and management, with a lack of understanding risk appetite as a prerequisite.
