Cyber Risk Management

A comprehensive risk management approach provides the ability to identify, assess, respond, and monitor cybersecurity risks and provide organizations with the information to make risk-based decisions. Our Risk Assessment model conforms to the methodology found within:

• NIST Special Publications 800-37, 800-30, 800-53 and 800-171
• International Organization for Standardization (ISO) 31000 and ISO 27005
• Electricity Sector Cybersecurity Risk Management Process (RMP) Guidelines
• NIST, National Security Agency’s InfoSec Assessment Methodology (NSA-IAM)
• Severity, Exposure and Probability (SEP) Risk Assessment and Calculation Model

The model provides a more accurate rating of the business impact of each identified core business function within the corporate IT organization. Our professionals will collaborate with your stakeholders, leadership, and business owners to evaluate the current cybersecurity risk posture and it includes:

Discovery

• Identifying Business Processes and Assets
• Identifying Threats
• Identifying Vulnerabilities
• Exploitation of Vulnerabilities

Assess

• Performing risk analysis (evaluate, risk treatment, and controls test)
• The threats, vulnerabilities, and procedural weaknesses are analyzed for potential impact on the organization

Risk reporting and Recommendations

• The risk assessment report, control review report, risk rating and ranking, gaps, and recommendations
• The team will create a risk register and an action plan for ongoing risk management
• The program will provide a foundation for risk-based audit planning
• Align strategies to business objectives, consistent with regulations, to manage risk

Our certified consultants also help organizations:

• Align and integrate key risk and performance indicators to business objectives so that risk can be managed in an agile manner
• Foster cultures that factor in risk during all phases of operations
• Develop proactive enterprise risk management and compliance solutions built on technology and data analytics
• Determine how to best use resources to promote success and enable innovation

IT risk is a component of the overall risk universe of the enterprise which includes strategic risk, financial risk, environmental risk, operational risk, legal and compliance risk, and information technology risk.