Understanding Vulnerability Management | USCSI®

UNDERSTANDING
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© 2024. United States Cybersecurity Institute (USCSI ). All Rights Reserved.
®

The days have arrived when we are facing trivial circumstances related to sensitive information being stolen and
misquoted for filthy means of malicious attackers. With the rise in the generation of online information and the large
pool of data; the same has increasingly become vulnerable to such cyber threats and vicious attacks. Understanding
Vulnerability in Cybersecurity is an essential skill that every cyber aspirant or giant industry leader must know.
The security vulnerability growth statistics recorded by Mordor Intelligence reflect upon the most promising driving
factors that contribute to its massive surge in the years to follow.
2024 2029
Source-Modor Intelligence
USD 14.45B
USD 21.65B
Security and Vulnerability
Management Market
Market Size in USD Billion
CAGR 7.5%
Study Period
Market Size (2024)
Market Size (2029)
CAGR (2024-2029)
Fastest Growing Market
Largest Market
Major players
2019-2029
USD 14.45 Billion
USD 21.65 Billion
7.50%
Asia Pacific
North America
Security and Vulneability Mangement Market Size
The representation above showcases the global security and vulnerability management market is set to reach
USD 14.45 billion by 2024. It is a clear fact on revealing North America is the largest contributor in regard to the
market size. The year 2029 and beyond are set to surge even higher with this monumental growth in place.
Let us delve deeper and try to debug the Cybersecurity industry and the vulnerabilities arena worldwide.
WHAT IS
Security vulnerability, as the name suggests, is a weakness or a deformity in the structure, function, or implantation of an
IT asset or network that can be easily exploited by malicious threat actors.
®

ABOUT
In the wake of a staggering surge in cyber vulnerabilities, it is essential to understand how you as a business or an
individual can manage your system vulnerabilities. Vulnerability Management is a continuous ongoing procedure that
is self-automated to keep your computer systems, networks, and enterprise applications secure from cyberattacks and
data breaches. Vulnerabilities include insecure code, cloud misconﬁguration, improper internal controls, unpatched
software, etc.
HOW ARE
Organizations worldwide including governments rate vulnerabilities through an open framework maintained by a
non-proﬁt organization, the Forum of Incident Response and Security Teams (FIRST). The framework is called CVSS-
Common Vulnerability Scoring System. It consists of base, temporal, and environmental metric groups; yielding a score
between 0 and 10.
WHAT IS THE BIG DEAL ABOUT THE
Vulnerability management is the lifeblood of grabbing a security net for your computer networks and systems. A robust
Vulnerability Management Program assists organizations in prioritizing vulnerabilities based on risk and exposure;
preventing known vulnerabilities, maintaining compliance with security standards and regulations, minimizing the
overall attack surface, and enhancing the security posture.
60% of respondents are either actively pursuing or considering a
Continuous Threat Exposure Management (CTEM) program
Gartner Peer Survey 2024
COMPONENTS OF
VULNERABILITY SCANNING
Security teams often use attack surface management platforms
and discovery tools to automate the process. They further conduct
vulnerability scans to identify vulnerabilities in these assets.
Resources like CVE, and CVSS, help security teams get a basic
understanding of how critical their vulnerabilities are.
VULNERABILITY ASSESSMENT
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PATCH MANAGEMENT
It operationalizes the effort in applying patches to a system and is
a component of vulnerability management.
The remediation process determines and attends to the weaknesses
in assets, systems, and applications. It is driven by the Service Level
Agreement (SLA) as documented in the Vulnerability Management
Policy.
VULNERABILITY REMEDIATION
EARLY VULNERABILITY
A vulnerability scanner is software designed to access computers, networks, or applications for known vulnerabilities like
those on CVE (common vulnerabilities exposures).
Authenticated Scans provide access to low-level data such as specific services, configuration details, and
accurate information about operating systems.
Unauthenticated Scans are used by cyber attackers and IT security analysts to try and determine the security
posture of externally facing assets, and third-party vendors, and find possible data leaks.
VULNERABILITY
ASSET DISCOVERY AND
VULNERABILITY ASSESSMENT
Security teams often use attack surface management
platforms and discovery tools to automate the
process. They further conduct vulnerability scans
to identify vulnerabilities in these assets.
VULNERABILITY
PRIORITIZATION
Resources like CVE, and CVSS, help security teams
get a basic understanding of how critical their
vulnerabilities are.
VULNERABILITY RESOLUTION
Remediation, mitigation, and acceptance are the
three pillars vulnerability resolution procedures rest
upon to resolve the flaws.
REASSESSMENT AND
MONITORING
To confirm whether mitigation and remediation
efforts were fruitful or otherwise and to ensure they
do not dwell into a new problem; the security teams
reassess the assets.
REPORTING AND
MANAGEMENT
Security teams can utilize specialized platforms for
vulnerability management to report to stakeholders
and audit the entire vulnerability management
program progress; thereby looking for further
opportunities.
01
02
03
04
05
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HOW IS A VULNERABILITY MANAGEMENT
Vulnerability management program is a comprehensive strategy involving diverse elements to help an organization
manage and contain vulnerabilities. However; the vulnerability management process is a speciﬁc set of steps and
actions taken as part of the program to facilitate easy identiﬁcation, evaluation, and remediation of vulnerabilities. A
program is a wider umbrella that incorporates processes and beyond to contain and immune the attack surface.
Over 29000 Common Vulnerabilities and Exposures (CVEs) were
published worldwide in 2023, showcasing a 15% Y-O-Y increase
Statista 2024
2019
0
5000
10,000
15,000
20,000
25,000
30,000
17,344
18,325
20.171
25,227
29,065
2020 2021 2022 2023
Number
of
CVEs
Source: Statista
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VULNERABILITY MANAGEMENT
01
DETECTION
It begins with close monitoring and targeted vulnerability assessment
checks among IT assets. Conducting sporadic penetration tests to
catch any weak links is highly advised.
02
RANKING
Each detected vulnerability gets a rank as per the risk it poses to an
organization; by deploying CVSS.
03
RECTIFICATION
Highlighted and prioritized vulnerabilities undergo three treatments-
Remediation, Mitigation, and Acceptance.
04
RE-EVALUATION
Further in the process, re-evaluation is a precautionary step that
ensures that the implemented measures have been successfully
attended to, by the experts.
05
REPORTING
Finally, the security teams document each identiﬁed vulnerability and
its resolution for reporting purposes. This opens doors to effective
communication with stakeholders and facilitates organizational
compliance with the security norms.
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VULNERABILITY MANAGEMENT PROCESS
QUICK MAP FOR AN EFFECTIVE
Enhanced security posture
Reduced risk of cyber
attacks
Maintain compliance
requisites
Lower costs
Greater effectiveness
Regulatory compliance
False positives
False negatives
Limited scope to scale
Outdated tools
Resource intensive
Inaccurate vulnerability
prioritization
Beneﬁts Drawbacks
Correlate
vulnerabilities
Curate
Information
Automate
vulnerability
analysis
Record regular
and shadow
assets
Strategically
schedule scan
frequency
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Are third-party vendors’ vulnerabilities worrisome?
Vendor risk management is an often overlooked aspect of vulnerability management. If your third-party vendors
have poor information security pose critical cybersecurity risks in the form of third-party and fourth-party risks.
Should vulnerabilities be publicly reported?
It poses two opposing sides:
Immediate full disclosure
Limited to no disclosure policy
Supporters believe it leads to secure software and faster patching improving software security, application
security, computer security, and beyond. The Naysayers believe that the vulnerability will be exploited and will
limit information to select groups.
Are there any quick tips to automate vulnerability management?
The Quick Vulnerability Management Automation Tips include:
Asset Inventory
Vulnerability scanning
Risk management
Testing and training
Continuous monitoring
Just as a baby takes little steps to walk conveniently! It is highly advised for businesses and
global organizations to indulge in quality Vulnerability management tools and norms that
can facilitate healthy security systems. It is important to deploy experienced and certiﬁed
Cybersecurity professionals to build a secure cyber platform. Address the urgent risk
scenarios with the most-nuanced Vulnerability management platforms to build a robust
guard against malicious threat actors.
®

REGISTER NOW
ENROLL TODAY
TO BECOME
CERTIFIED
CYBERSECURITY
PROFESSIONAL
About USCSI®
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The United States Cybersecurity Inﬆitute (USCSI®
)
is a world-renowned cybersecurity certification
body offering the beﬆ-in-the-world certifications
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Understanding Vulnerability Management | USCSI®

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