Risk Assessment Service - RNR Consulting

Risk assessments are used to identify, estimate and prioritize risks to organizational operations and assets resulting from the operation and use of information systems.

Risk assessment is primarily a business concept and it is all about money. You have to first think about how your organization makes money, how employees and assets affect the profitability of the business, and what risks could result in large monetary losses for the company. After that, you should think about how you could enhance your IT infrastructure to reduce the risks that could lead to the largest financial losses to organization.

Basic risk assessment involves only three factors: the importance of the assets at risk, how critical the threat is, and how vulnerable the system is to that threat. Using those factors, you can assess the risk—the likelihood of money loss by your organization. Although risk assessment is about logical constructs, not numbers, it is useful to represent it as a formula:

How Can I Benefit from a Risk Assessment?

A risk assessment helps mitigate your potential losses due to error, fraud, inefficiency, failure to comply with statutory requirements and actions that may have a negative effect on your organization. If your organization has ever asked these questions, a risk assessment may be right for you:

How do we identify and get out in front of emerging risk?
Have we adequately considered down-side risk to our business objectives?
What could go wrong?
Where is the greatest risk that something will go wrong?
If something goes wrong, what is the impact?
How often could it happen?
How can the risk be mitigated?

Risk = Asset X Threat X Vulnerability

Nevertheless, remember that anything times zero is zero — if, for example, if the threat factor is high and the vulnerability level is high but the asset importance is zero (in other words, it is worth no money to you), your risk of losing money will be zero.

There are multiple ways to collect the information you need to assess risk. For instance, you can:

What We Deliver ?

It’s an important practice that gives organizations visibility into real-world threats to your security. As part of a routine security check, penetration tests allow you to find the gaps in your security before a hacker does by exploiting vulnerabilities and providing steps for remediation.