One of the major challenges faced by companies today is Vulnerability Management. Companies spend millions of dollars in identifying and fixing vulnerabilities yet only to see the same vulnerabilities coming back again. It only requires one vulnerability to be exploited and companies can lose millions of dollars. Vulnerability Management is a never ending process but by implementing a proper vulnerability management life cycle, a company can address existing vulnerabilities quickly and ensure that new vulnerabilities are quickly identified and mitigated. Even though the concept of vulnerability management has been around for a long time, companies tend to make the same mistake when it comes to dealing with new types of vulnerabilities. Some of the common mistakes made by many companies when it comes to managing vulnerabilities are

• Identifying but failing to act – Most of the companies have either internal or external vulnerability assessments performed on an ongoing basis. These vulnerability assessments identify hundreds (in some cases thousands) of vulnerabilities but companies fail to act on these vulnerabilities or they do very haphazardly without looking at a bigger picture.
• Vulnerability Management as a technical issue and not a process – There is a lot more to vulnerability management than just scanning and fixing vulnerabilities. It involved building policies and processes and making sure they are properly implemented across the entire organization. Companies can take control of various vulnerabilities (network, application, host, server, etc) by having a central repository of all the vulnerabilities which feeds into their risk dashboard.
• Addressing a vulnerability without prioritizing – Various organizations are guilty of it even if they have a proper vulnerability management process in place. In this case, vulnerabilities are addressed based on their type and not the scenario. It is important to prioritize every vulnerability based on the threat profile, business role, criticality of the system, exploitability, and overall risk.

MyAppSecurity can help you build a comprehensive vulnerability management program to identify, classify, prioritize and mitigate vulnerabilities. For more information, please contact sales@myappsecurity.com