Some alternative strategies to risk analysis in cybersecurity include vulnerability assessment, penetration testing, and incident response planning. Vulnerability assessment involves identifying, quantifying, and prioritizing the vulnerabilities in a system. Penetration testing, on the other hand, is an authorized simulated cyberattack on a computer system, performed to evaluate the security of the system. Incident response planning involves establishing a set of instructions to detect, respond to, and recover from network security incidents.

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While specific company names are not mentioned in the content, many businesses across various sectors have successfully used the NIST Cybersecurity Framework to prevent disruptions. This framework helps organizations to identify, protect, detect, respond, and recover from cybersecurity threats, thereby minimizing disruptions. It's widely adopted by companies in sectors like finance, healthcare, and energy. However, due to confidentiality and security reasons, companies usually do not publicly disclose specific details about their cybersecurity practices.

Global companies like Apple and Google can implement the NIST Cybersecurity Framework to mitigate risks by first understanding the parameters of NIST. They can then use tools to implement the function areas mentioned in the framework. Risk analysis is a proactive approach that can be used. When the possibility of risks is presented to management executives and stakeholders, it can invoke informed decisions and efficient resource allocation as preventative measures. This can help in reducing disruptions, system downtime, loss of critical data, and cybersecurity breaches which can impact brand reputation and customer trust.

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NIST Cybersecurity Framework

While growth is always welcomed, businesses also need to focus on reducing disruptions. From systems...

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