Risk Based Vulnerability Management: How to Prioritize the Threats That Actually Matter

Wiz Experts Team
11 minute read
Risk-based vulnerability management main takeaways:
  • Prioritization is essential for effective risk management since not all vulnerabilities pose the same risk. RBVM focuses on identifying and addressing high-impact threats based on exploitability, asset criticality, and business impact.

  • Automation and visibility drive efficiency. Organizations need real-time insights, automated risk scoring, and continuous monitoring across cloud and on-premises environments to reduce manual effort and improve response times.

  • A strong RBVM strategy requires cross-functional collaboration. Security, IT, and business teams must work together to define risk tolerance, align on remediation priorities, and ensure compliance with regulatory requirements.

What is risk-based vulnerability management?

Risk-based vulnerability management (RBVM) is a strategic approach that helps organizations identify, prioritize, and remediate vulnerabilities based on the risk they pose. It also takes into account factors like asset value, exploitability, and threat intelligence so teams can focus their efforts where they matter most.

But implementing RBVM doesn’t mean patching every single vulnerability across your environment. While security teams deal with a constant stream of vulnerability alerts, not all of them carry the same weight. If these teams don’t have the right strategy, it’s easy for noise to obscure the high-impact threats that could compromise critical systems or data. 

Instead, RBVM helps them focus their time and resources on fixing the vulnerabilities that pose the biggest risk to the business. That means prioritizing risks strategically based on factors like criticality, exposure, and business impact rather than applying patches blindly across the board. In this way, RBVM helps organizations make smarter security decisions instead of reacting blindly to every alert they receive.

Vulnerability management: Legacy vs. risk-based 

Wiz’s vulnerability management dashboard

Legacy vulnerability management relies on outdated practices that focus on detecting and patching as many vulnerabilities as possible without considering actual business risk. This approach often creates more noise than clarity.

As a result, integrating legacy vulnerability management solutions with SIEM, SOAR, and SCM programs can be fruitless because a long list of irrelevant vulnerabilities neither fulfills the vulnerability management program’s requirements nor provides other cybersecurity programs with actionable knowledge and context.

Risk-based approaches, on the other hand, focus on context and prioritization. They consider a wide range of criteria to identify and prioritize the most critical risks that organizations face. Customization is key: a critical vulnerability for one organization may be well within another’s risk appetite.

Your business can’t keep up with every vulnerability in dynamic cloud environments on its own—but a risk-based approach allows you to spend existing resources and efforts on the most critical vulnerabilities.

How to implement RBVM

You can take the following steps to incorporate RBVM into your own environment:

  • Audit your current tools: Review your vulnerability management setup and identify blind spots—especially in cloud, container, and identity coverage.

  • Identify gaps: Check if traditional scanners miss vulnerabilities in short-lived container workloads.

  • Pilot a risk-based platform: Try a solution like Wiz that provides real-time visibility and contextual risk scoring across complex, multi-cloud environments.

  • Track your progress: Use clear metrics like mean time to repair, false positive reduction, and remediation rate of high-risk vulnerabilities.

  • Support long-term growth: Support your organization’s future growth by shifting away from legacy tools and toward a more effective, scalable approach.

The benefits of risk-based vulnerability management

Some threats pose little risk, while others could bring critical systems to a halt. This is why managing vulnerabilities effectively isn’t just about patching everything in sight. 

RBVM helps organizations focus on the vulnerabilities that matter, optimize resources, and strengthen security. Here are eight benefits to consider:

1. Prioritization based on business impact

Not every vulnerability is a top priority. RBVM assesses risk based on factors like exploitability, business context, and cloud workload dependencies. This approach helps organizations tackle the most critical threats first instead of wasting time on low-risk issues.

2. Comprehensive visibility across cloud environment

Traditional vulnerability management tools often struggle with cloud complexity. However, RBVM provides a unified view across multi-cloud and hybrid infrastructures so security teams don’t miss hidden risks in virtual machines, containers, and serverless environments.

3. Continuous monitoring and real-time threat detection

Modern cloud environments change rapidly as developers and engineers deploy updates and scale resources. RBVM continuously monitors these changes and identifies and mitigates new risks in real time instead of relying on outdated periodic scans.

4. Smarter IT and security resource allocation

Security teams often face talent shortages and limited budgets, so RBVM ensures that they focus their efforts where they’ll have the greatest impact. This reduces manual workloads and improves efficiency.

5. Risk-informed remediation strategies

Since every organization has a different tolerance for risk, RBVM aligns vulnerability management with an organization’s risk appetite, filters out non-critical alerts, and reduces alert fatigue.

6. Stronger vulnerability intelligence

High-quality threat intelligence improves every aspect of cybersecurity. RBVM enriches vulnerability data with context, which helps security teams make informed decisions and integrate vulnerability intelligence into broader security initiatives.

7. Enhanced security for DevOps and CI/CD pipelines

Addressing vulnerabilities early in the software development lifecycle prevents security gaps from reaching production. Since RBVM integrates seamlessly into DevOps workflows, it reduces the risk of supply-chain attacks and improves continuous integration/continuous deployment (CI/CD) pipeline security.

8. Scalability for multi-cloud environments

Expanding cloud infrastructure without proper security controls can lead to unchecked risks. RBVM supports scalable security by helping teams efficiently prioritize and remediate vulnerabilities to prevent security gaps as cloud environments grow.

Pro tip

Traditional vulnerability scanners generate long lists of issues but don’t tell you which ones truly matter. To avoid wasting time on low-risk vulnerabilities, integrate threat intelligence feeds and exploitability data into your risk-based vulnerability management strategy. This ensures that you focus on threats that attackers are actively exploiting and makes your remediation efforts more effective.

How to spot and prioritize cyber risks: An RVA example

A risk-based approach helps security teams allocate resources efficiently and address the most pressing issues first.

Imagine a financial services company that relies on cloud infrastructure to store customer data and process transactions. Traditional vulnerability scans reveal thousands of security issues across the network—but fixing everything at once isn’t feasible. However, a risk-based approach helps the company focus on what truly matters.

Here’s how this team can put that approach into action using a risk-based vulnerability assessment:

1. Assess vulnerability severity

Some vulnerabilities carry more risk than others, so the company starts by reviewing severity scores using Common Vulnerability Scoring System (CVSS) scores, asset criticality, and threat intelligence. High-severity vulnerabilities demand attention—but severity alone isn’t enough to determine risk.

Among these, two findings stand out:

  • A high-severity SQL injection vulnerability on a public-facing customer portal

  • A critical remote code execution (RCE) vulnerability on an internal database server that holds sensitive financial data

While the RCE vulnerability has a higher CVSS score, the SQL injection flaw is exposed to the Internet, which makes it an immediate target for attackers. Without proper context, the team might have prioritized the wrong issue. 

For a deeper look at how to effectively assess vulnerabilities in your own environment, check out Wiz’s vulnerability assessment.

2. Evaluate asset criticality

The team then determines how vital the affected assets are to the business. Assets that store sensitive customer data or support core operations take priority over less critical systems.

The customer portal, which is public-facing and processes financial transactions, is far more critical than an internal testing server that contains no sensitive data.

3. Measure exposure and attack surface

A vulnerability’s risk increases significantly if attackers can easily access the affected system. Public-facing applications, Internet-exposed APIs, and assets without adequate protection need immediate attention.

The organization then gathers real-time threat intelligence, which reveals that attackers are actively exploiting the SQL injection vulnerability in the wild, while the RCE flaw has no known exploits yet. Additionally, security logs show multiple failed login attempts on the customer portal, which suggests potential attack attempts.

4. Consider compliance and regulatory requirements

Many industries have strict cybersecurity mandates. Regulations like PCI DSS (for payment data) or GDPR (for personal data protection) require organizations to address high-risk vulnerabilities within set timeframes.

In this instance, PCI DSS mandates fixing critical vulnerabilities in systems that handle payment data within 60 days. Since the SQL injection flaw affects a payment portal, the company must remediate it immediately.

5. Analyze business impact

A successful cyberattack can lead to financial losses, data breaches, reputational damage, and legal consequences. Because of this, fixing vulnerabilities that could cause the most harm should be the top priority.

If attackers exploit the SQL injection flaw, they could steal customers’ financial data, leading to regulatory fines and loss of customer trust. The internal RCE flaw, while serious, presents a lower risk because it requires an attacker to bypass multiple security layers first.

6. Make the final risk-based prioritization decision

After evaluating all factors, the company decides to:

  • Immediately patch the SQL injection vulnerability on the public-facing customer portal

  • Enhance monitoring and implement web application firewall rules to detect and block exploit attempts

  • Schedule remediation for the internal RCE vulnerability within the next 30 days so it doesn’t disrupt business operations

This approach allows the company to focus its security efforts on real-world threats rather than just severity scores.

What are the consequences of not prioritizing vulnerabilities?

Failing to prioritize vulnerabilities creates serious security and business challenges. Without a clear strategy, organizations may face the following:

  • Alert fatigue: Constant notifications flood the dashboard and wear down security teams. Over time, this makes it easy for them to miss real threats.

  • Resource waste: Teams spend time and budget fixing low-risk vulnerabilities while dangerous flaws remain exposed. This inefficient use of resources slows down response times and weakens your overall security.

  • Data breaches and downtime: Attackers often target unpatched, high-risk vulnerabilities. If those remain open, you risk data theft, operational disruptions, and financial losses.

  • Regulatory non-compliance: In regulated industries like finance and healthcare, failing to meet remediation deadlines can result in hefty fines, lawsuits, and a loss of customer trust.

  • Profit loss: Every breach chips away at your brand’s reputation. The resulting legal costs, penalties, and negative press also hurt your bottom line and make it harder for you to retain customers.

How to avoid these risks

To stay ahead of threats and minimize damage, implement the following best practices:

  • Prioritize high-risk vulnerabilities first: Combine CVSS scores with context from threat intelligence platforms like Recorded Future or Mandiant to enrich severity rankings and focus on what attackers are actively exploiting.

  • Align security efforts with business impact: Identify and protect the systems and data that matter most to your organization and focus remediation on the assets whose compromise would cause the greatest damage.

  • Monitor threat intelligence: Integrate real-time exploit data into your workflows using APIs from platforms like Mandiant. This helps you adjust quickly as threats evolve.

  • Ensure compliance: Meet industry standards like PCI DSS, HIPAA, or ISO 27001 into your network security. Doing so keeps your organization audit-ready and helps you avoid penalties.

How to implement an effective risk-based vulnerability management program

A strong vulnerability management program goes beyond patching weaknesses to ensure that security efforts align with business risks. Without the right approach, teams may struggle with data overload, compliance roadblocks, and lack of stakeholder support. 

Here are four steps to follow to build a system that works:

1. Define your risk tolerance

Not all vulnerabilities pose the same threat—so start by establishing risk tolerance levels based on business impact. To do so, consider the following:

  • What systems and data are mission-critical?

  • How much downtime can the company afford?

  • What level of risk is acceptable before teams need to intervene? 

Use frameworks like the Factor Analysis of Information Risk or NIST’s Risk Management Framework to quantify risk and set clear action thresholds.

2. Overcome data overload with prioritization

Security teams often deal with thousands of alerts, but not every vulnerability needs immediate action. Prioritization helps them focus efforts where they matter most.

Best practices include:

  • Using risk-based scoring: Leverage the CVSS, real-time threat intelligence, and business context to assess urgency.

  • Grouping vulnerabilities by exploitability: Address active flaw exploitations first since attackers target known vulnerabilities with available exploits.

  • Automating where possible: Reduce manual workload and speed up decision-making with security orchestration and automation tools.

3. Ensure compliance without losing focus

Regulatory requirements can add complexity, but they don’t have to dictate security priorities. Instead of treating compliance as a checklist, integrate it into your overall security strategy in the following ways:

  • Map security efforts to frameworks like ISO 27001, NIST 800-53, PCI DSS, and HIPAA to cover compliance and real-world threats.

  • Implement continuous monitoring to detect and remediate compliance gaps before audits.

  • Use compliance as leverage to gain executive support for security investments.

4. Secure stakeholder buy-in for long-term success

Even the best vulnerability management programs fail without leadership and cross-team support. Because of this, security teams must communicate risk in business terms to help stakeholders understand the real-world impact and prioritize resources effectively. This approach builds trust, encourages collaboration, and ensures that security efforts align with broader business goals.

To strengthen buy-in, take the following steps:

  • Show financial impact: Use case studies or past incidents to demonstrate the cost of ignoring vulnerabilities.

  • Align with business objectives: Explain how risk-based security improves uptime, customer trust, and regulatory standing.

  • Involve key teams early: Bring IT, DevOps, and compliance teams into the conversation from the start to avoid roadblocks and streamline collaboration.

Key features to look for in risk-based vulnerability management software

With countless vulnerability management and cloud security solutions available, choosing the right one can be overwhelming. A risk-based approach requires software that doesn’t just scan for vulnerabilities but also intelligently prioritizes them based on actual business impact. 

To ensure that security teams focus on what matters most, look for these essential features:

Agentless scanning for seamless deployment

A VM image scan analysis in Wiz

Agentless scanning eliminates the need for complex installations, reduces false positives, and minimizes system overhead. It also enables faster deployment, optimized IT budgets, and broader workload coverage, which makes it ideal for dynamic cloud environments. 

You can seamlessly integrate this approach into CI/CD pipelines as well so developers can build security into workflows from the start.

Automated prioritization to cut through the noise

A publicly exposed VM with high privileges in Wiz

Not every vulnerability poses the same level of danger. The right software should automatically filter out low-risk issues and highlight those with the largest blast radius—vulnerabilities that attackers actively exploit, have a high privilege requirement, or impact critical assets. Without automated prioritization, security teams risk wasting time on threats that pose minimal real-world danger.

Visualized reporting for actionable insights

A visualization of a cloud security risk path in Wiz

Long, static tables can make it difficult to assess risk at a glance. Instead, look for software that presents vulnerability data through interactive dashboards, heatmaps, and risk trend graphs. These visual tools help security teams, executives, and auditors quickly grasp your overall security posture and make informed decisions.

Cross-cloud compatibility for multi-cloud environments

A cloud inventory in Wiz showing multi-cloud resource coverage

Modern enterprises operate across AWS, Google Cloud Platform, Microsoft Azure, and other environments. As a result, RBVM software must provide seamless multi-cloud interoperability to ensure comprehensive visibility and control over distributed workloads.

Deep assessments across cloud technologies

A cloud alert in Wiz showing the detection of unapproved serverless service with high severity

Cloud security goes beyond traditional infrastructure—so to be effective, vulnerability management software must assess risks both within servers and across containers, container registries, serverless environments, virtual appliances, and managed compute resources. 

A comprehensive and continuously up-to-date vulnerability catalog

Threat landscapes evolve constantly—so a strong RBVM solution should include an extensive vulnerability catalog that covers operating systems, third-party applications, and cloud-native technologies. Continuous updates also ensure that the system stays ahead of emerging threats and reduces exposure to known and zero-day vulnerabilities.

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By covering all these areas, security teams can ensure comprehensive protection across their entire cloud environment. However, without these deep assessments, your teams may miss critical vulnerabilities that attackers can exploit.

Exploited vulnerability catalog CVEs in Wiz

Choosing the right risk-based vulnerability management solution

Organizations will inevitably face both known and unknown vulnerabilities. Addressing them effectively requires software that discovers, prioritizes, remediates, validates, and reports vulnerabilities in real time and works with organizations’ unique risk profiles.

Wiz simplifies this process by delivering real-time visibility across your entire cloud environment. It combines vulnerability data with context—like asset exposure, identity permissions, and business impact—so your team can focus on the risks that matter most. That way, instead of chasing down alerts, you’ll get clear, actionable insights that accelerate remediation and support cross-team collaboration. 

Whether you're securing containers, VMs, or serverless workloads, Wiz helps you stay ahead of threats and scale security with your cloud growth. Download Wiz’s Vulnerability Management Buyer's Guide today to learn how to remediate issues quickly and promote organizational ownership.

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