Man mitigating technology risks on computer

Mitigating Technology Risks in Your Organization

Apr 18, 2024 | Technology

Understanding and mitigating technology risks in your organization is crucial for avoiding unnecessary exposure and enhancing your security posture. Being proactive rather than reactive in identifying and addressing these risks can save your organization from potential security breaches. A common pitfall for many businesses is the continued use of unsupported software.

Identifying and Mitigating Technology Risks

Conducting a thorough risk analysis is a foundational step in securing your organization’s technology infrastructure. It is essential to recognize the weaknesses in your technology risk management strategy to fortify your defenses against cyber threats. A significant vulnerability is the reliance on outdated, unsupported software, which considerably compromises security.

The Critical Risks of Using Unsupported Software

Using software that no longer receives updates or support from the manufacturer significantly undermines the cybersecurity of your organization. This leaves systems vulnerable to attacks, as these vulnerabilities are well-known and exploited by cybercriminals. Key examples include, but are not limited to:

  • Microsoft Windows Server 2012R2
  • Windows 7

Both of which have ceased to receive security patches or support, increasing the risk of cyber threats dramatically.

Ensuring Software Support for Security

It’s imperative for businesses to stay ahead of the curve by understanding the support lifecycle of their software solutions. Terms such as “End of Sale,” “End of Support,” “End of Extended Support,” and “End of Life” are critical markers of a product’s lifecycle. Keeping abreast of these terms is vital for securing your technology environment against emerging threats.

Strategies for Effective Risk Remediation

Upgrading your systems to use supported software versions is the most direct method of mitigating technology risks. For situations where immediate upgrading isn’t viable, alternative strategies like network segmentation or the adoption of advanced security measures can provide interim protection for vulnerable systems.

At High Point, we specialize in guiding organizations through the complexities of technology risk management. Contact your Account Manager or simply fill out this form to address these risks with our team of experts today.

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