risk services

risk services

Enterprise risk management (ERM) is a process of performing risk analysis to identify the threats and vulnerabilities to a company’s financial well-being and opportunities in the market. The ERM program aims to acknowledge the organization’s risk appetite and risk tolerance for the applicable risks, categorize it, and quantify it. A traditional approach is to look at financial risks, regulatory risks, and operational risks when it comes to ERM. Not all the risks can be quantified and be assigned a number value to the impact it will cause to the business. Risk quantification is an arduous task and requires due diligence to be performed. ​

Enterprise risk management (ERM) is a process of performing risk analysis to identify the threats and vulnerabilities to a company’s financial well-being and opportunities in the market. The ERM program aims to acknowledge the organization’s risk appetite and risk tolerance for the applicable risks, categorize it, and quantify it. A traditional approach is to look at financial risks, regulatory risks, and operational risks when it comes to ERM. Not all the risks can be quantified and be assigned a number value to the impact it will cause to the business. Risk quantification is an arduous task and requires due diligence to be performed. ​

BENEFITS

  • Investment: It gives key stakeholders a dashboard of where they need to invest corporate dollars in bringing their cybersecurity program to a level expected of the vertical the company operates in.
  • Visibility: Understand your business risk against the changing threat landscape, including Advanced Persistent Threats (APTs) and zero-day attacks.
  • Competitive Edge: Demonstrating to your clients that your business takes cybersecurity risks very seriously through the risk governance process provides you that competitive edge in the market.
  • Compliance: Effectively improves compliance with legal, regulatory, and reporting requirements.
  • Minimize Losses: Efficient Enterprise Risk Management (ERM) process in place will be extremely beneficial in minimizing the operational losses.

BENEFITS

  • Investment: It gives key stakeholders a dashboard of where they need to invest corporate dollars in bringing their cybersecurity program to a level expected of the vertical the company operates in.
  • Visibility: Understand your business risk against the changing threat landscape, including Advanced Persistent Threats (APTs) and zero-day attacks.
  • Competitive Edge: Demonstrating to your clients that your business takes cybersecurity risks very seriously through the risk governance process provides you that competitive edge in the market.
  • Compliance: Effectively improves compliance with legal, regulatory, and reporting requirements.
  • Minimize Losses: Efficient Enterprise Risk Management (ERM) process in place will be extremely beneficial in minimizing the operational losses.
1. Cybersecurity maturity model
A cybersecurity maturity model assessment would serve as a baseline in understanding where the organization stands currently. A cybersecurity maturity model and posture assessment provides a path forward and enables an organization to establish the current state of the affair in terms of cybersecurity maturity and develop a plan to meet the required levels expected of the industry. This assessment can be valuable for improving the overall cybersecurity efforts and communicating with the higher management and getting the necessary support.
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1. CYBERSECURITY MATURITY MODEL
A cybersecurity maturity model assessment would serve as a baseline in understanding where the organization stands currently. A cybersecurity maturity model and posture assessment provides a path forward and enables an organization to establish the current state of the affair in terms of cybersecurity maturity and develop a plan to meet the required levels expected of the industry. This assessment can be valuable for improving the overall cybersecurity efforts and communicating with the higher management and getting the necessary support.
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2. CyberSecurity Risk ASSESSMENT
How much risk is your organization willing to accept? How much security is considered enough? What is the risk tolerance level of the stakeholders who are entrusted with safeguarding organizational data? Whether your IT solution is on-premises or in the cloud, a comprehensive risk assessment will help answer some of the questions by evaluating end-to-end solutions and identifying all risks associated with people, process, or technology. Our expert guidance will help you reach your goals faster by simplifying the overall risk assessment process.
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2. CYBERSECURITY RISK ASSESSMENT
How much risk is your organization willing to accept? How much security is considered enough? What is the risk tolerance level of the stakeholders who are entrusted with safeguarding organizational data? Whether your IT solution is on-premises or in the cloud, a comprehensive risk assessment will help answer some of the questions by evaluating end-to-end solutions and identifying all risks associated with people, process, or technology. Our expert guidance will help you reach your goals faster by simplifying the overall risk assessment process.
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3. Cybersecurity Risk GOVERNANCE
Having the right risk governance structure is key to having a successful cybersecurity program. Risks need to be managed at various levels depending on the levels of risk. When cybersecurity risk assessments are conducted, the outcome of the risk levels and recommendations must be communicated to the right level of governing authority who can decide on an appropriate risk mitigation plan based on risk appetite. The Corporate Enterprise Risk Management policy governs this, and as such, cybersecurity risks must be governed the same way as financial risk management.
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3. CYBERSECURITY RISK GOVERNANCE
Having the right risk governance structure is key to having a successful cybersecurity program. Risks need to be managed at various levels depending on the levels of risk. When cybersecurity risk assessments are conducted, the outcome of the risk levels and recommendations must be communicated to the right level of governing authority who can decide on an appropriate risk mitigation plan based on risk appetite. The Corporate Enterprise Risk Management policy governs this, and as such, cybersecurity risks must be governed the same way as financial risk management.
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4. Cloud Security Risk Management
As more and more companies are moving to the cloud, they can potentially invite vulnerabilities and affect security and privacy. Depending on the type of cloud model, be it - public, private, community, or hybrid, every organization is required to ensure secure controls are in place to mitigate and address the risks effectively. Organizations must consider extending their current risk management practices to the cloud environments. We can help your organization perform a cloud security risk assessment to assess your cloud environment controls and provide you with a robust and comprehensive report.
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4. CLOUD SECURITY RISK MANAGEMENT
As more and more companies are moving to the cloud, they can potentially invite vulnerabilities and affect security and privacy. Depending on the type of cloud model, be it - public, private, community, or hybrid, every organization is required to ensure secure controls are in place to mitigate and address the risks effectively. Organizations must consider extending their current risk management practices to the cloud environments. We can help your organization perform a cloud security risk assessment to assess your cloud environment controls and provide you with a robust and comprehensive report.
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