Make better informed business and security decisions by identifying and controlling threats to critical business assets, including confidential and intellectual data.
Risk management is core to organizational governance
Would innovation and transformation be possible if you solely followed a template of standard checklist, without considering the unique aspects of your business, technology, industry, and regulations? Certainly not. This is why risk management is core to organizational governance practices. Adopting a risk framework ensures you focus on the most important business threats and apply adequate safeguards, in line with your unique risk profile.
Related Services
Enterprise Risk Assessment Program
Risk Management Framework Development
Cybersecurity Risk Program
HIPAA Security Risk Analysis
Several regulations now require organizations to perform a periodic risk assessment, acknowledging that managing risk is very different from managing strategy. Risk management focuses on threats and failures rather than opportunities and success. Proper risk evaluation consists of the following:
If you don't know what it is, you can't protect against it.
What operational, strategic, or external risks are fatal to your organization?
Who/what are the threats and vulnerabilities?
How likely is the particular vulnerability to be discovered and exploited to disclose (confidentiality), inappropriately modify (integrity), or cause data loss and interruptions (availability) to the organization?
You can't protect what you don't know you have.
What needs to be protected?
What systems, applications, storage and communication mechanisms store, process, or transmit the most critical business data?
Which third parties store, process, or transmit what the most critical business?
Pay attention to the details if you want the big picture to succeed.
What are the implications if data is disclosed to unauthorized parties (confidentiality), inappropriately modified (integrity), or unavailable (availability)?
What is the value to the organization?
What can be done to minimize exposure?
Our Approach
Strategize
To ensure we meet your goals, we will work together to determine the following:
What is the purpose of the assessment?
What is being assessed?
Is there cooperation and collaboration among all vested parties?
What is the proposed rigor for implementation assessment?
Implement
Our practitioners will execute the approved plan in accordance with agreed-upon schedule. At a high-level, we will:
Identify and value key information assets
Perform a vulnerability and threat assessment
Evaluate policies, standards, and procedures
Evaluate design of mitigating controls
Summarize residual risk
Our practitioners maintain impartiality and report objectively on risks identified.
Transform
Upon completion, we will deliver actionable intelligence on the risk posture of your organization. Typical deliverables include:
Enterprise risk assessment report
Prioritized gap mitigation plan
Risk monitoring and communication program
Our risk and controls advisors are available to assist with remediation efforts.
Get In Touch
Ready to gain visibility to your risks and allocate your limited resources in the most effective way? We can help.
“Deciding what is relevant and meaningful is vital to strategic planning and risk management. Taking appropriate strategic and risk mitigating action ensures business survival.”