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:
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.
Our experts will furnish an itemized security evaluation report with legitimate remediation steps to be taken. Distinguish Security Weaknesses inside your Digital Asset permitting you to proactively remediate any issues that emerge and improve your security act.
Constantly updating Vulnerability Information to stay in touch with the emerging threat landscape. Receive overview and trend data of all of the current security issues you face in your organisation. All viewable on an Digital Report.
We also assured you that your assessments are executed by qualified experts. Our group of security specialists holds industry capabilities, for example, CHECK Team Member and Team Leader, CEH, ECSA, OSCP, CISA, CISSP, and many more.
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