Risk Analysis
A risk analysis provides information required to allocate resources in the most effective manner to mitigate risk, reduce lost, and improve operational efficiency.
Risk analysis plays a role in corporate governance and performance, ensuring that senior management allocates resources in the most cost-effective way to balance information security with business needs. The risk analysis process must link security exposures and business needs, otherwise risk analysis may lead to too much or too little information security.
The risk analysis process varies according to an organization’s particular needs and skills, as well as the particular risk analysis tools deployed. Fundamentally, the risk analysis process must answer these questions:
- What can go wrong?
- What is the probability that what can go wrong will go wrong?
- What are the consequences?
Risk analysis identifies and evaluates business processes and supporting information systems, potential system vulnerabilities and threats, calculated risks and the effectiveness of possible controls. Once these steps are completed, the process should be repeated on a regular basis to ensure that the decisions made and controls implemented continuously reduce risk while effectively meeting business needs and goals.
Risk Analysis typical contains most if not all of our other service offerings and are generally customized to your environment and the compliancy issues faced by your organization including HIPAA, SOX, GLBA and FISMA.
Deliverables
- Technical assessment of vulnerabilities
- Business justification and prioritization for implementing security controls
