In today’s competitive marketplace, companies cannot afford to lose time,
money, or integrity due to security incidents. Businesses can suffer
immeasurable losses if a data center has a production outage as a result of a
worm or virus, a hacker defaces a website, or critical customer information is lost
or stolen. The fear of revenue loss should motivate smart businesses to begin
taking proactive measures against vulnerabilities. The concept of Vulnerability
Management is a critical process that should be followed in large and small
organizations as a way to identify, assess and respond to new threats before
they become a reality. This paper will outline the key steps to Vulnerability
Management, and provide an in-depth look at the tools, challenges and best
practices of each part of the VM lifecycle.