Risk Management

Cybersecurity risk management services

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Risk Management

Understanding Risk Management

In a world with evolving cyber threats and the deployment of vulnerable technologies, it is essential to determine all the weak areas of their IT infrastructure. It proactively prepares them for threats. Cybersecurity risk management is an approach that involves assessing the current IT infrastructure of all the vulnerabilities to strengthen the cybersecurity posture. It involves prioritizing threats for a quick response and developing a strategy for an event of a cyber attack.

Why Risk Management?

Augmenting cybersecurity infrastructure for quick identification, analysis, and response is essential.It is equally important to treat the IT infrastructure of all the vulnerabilities and risks such that it does not become a primary threat vector. Cybercriminals are evolving with time, deploying sophisticated attacks such as emerging technologies and complex masking strategies to penetrate the defenses. 

Their techniques have become immune to the security measures that organizations deploy without much analysis of the impact or risks prevalent in their current infrastructure. It causes the loss of millions of dollars, not to mention, huge reputational damage and loss of data. This is why cyber risk management is a must for every organization.

Improves cybersecurity posture
Regular Assessment
Periodical release of updates.
Improves response
Threat categorization
Increased awareness of cyber risks and measures through training
Comprehensive response plan for cyber attacks
Assists in planning
Incident response plan
Business continuity plan
Empowers organization
Protection of critical data assets
Undisrupted operations with zero downtime
Protects revenue and reputation of the organization

Our approach

Through a series of steps, we identify all the vulnerabilities and potential cyber risks within an IT infrastructure and recommend measures to mitigate them and strengthen your cybersecurity posture.

We take a meticulous approach to gauging and treating risks.

The following are the steps that we engage in for risk management.

  • Scoping
  • Identification and Assessment
  • Control
  • Audit and Review
It is the first step, where we define the scope of the risk assessment encompassing all the resources, endpoints, servers, and other aspects of the infrastructure to be covered.
Defining the scope is important because it dictates what parties and elements will be involved and helps us plan out and allocate the correct amount of resources, experts, and solutions. In this, we take the help of the organizational representatives to better understand their needs.
It helps us to clearly define the outcomes and objectives of risk assessment. Scoping ensures that the whole process is carried out without any loss of additional resources or time.
Scoping
The next step after scoping is the identification of all the underlying risks and vulnerabilities in the IT infrastructure. We do so by engaging in penetration tests designed to identify and assess the organization for all its vulnerabilities.
In VAPT, our team of ethical hackers uses the most offensive techniques to hunt for vulnerabilities in websites and applications. Based on the identification, they categorize the risks as per their level of severity. Upon identification, an assessment report is prepared to state how various vulnerabilities and risks will impact the different parts of the organization.
They recommend the steps to be implemented for remediation and improvement of the cybersecurity posture.
Scoping
Let alone identification of risks isn’t enough. There must be deployment of the right set of measures that will help mitigate and prevent risks. Therefore, post-identification and assessment of the vulnerabilities, risk control measures are taken. It consists of preparation and implementation of a detailed set of technologies, guidelines, rules, policies, procedures, and measures.
It involves all the security and management controls along with the various roles and responsibilities of key personnel. This is the most critical stage since it has an organizational impact and it determines how various threats and vulnerabilities will be addressed.
Control
Once the right set of controls is implemented, we conduct an audit of the existing cybersecurity infrastructure to assess whether everything is functioning well. We review all the policies, rules, and procedures that are implemented and test whether they work in a stressful environment. We conduct a thorough assessment of all the security measures, management, and security controls that are implemented to make sure that there are no gaps in the security infrastructure.
If, in any case, vulnerabilities or anomalies are found, we take measures to treat them. Once everything is done, we engage in the documentation and prepare a report that can be used for fulfilling various statutory and regulatory requirements if needed in the future.
Audit and Review

Risk Management Frameworks we cover

The National Institute of Standards and Technology (NIST CSF)
ISO 27001
Risk Management Framework (DoD RMF)
Findability, accessibility, interoperability, and reusability (FAIR Framework)

Our Compliance Services

Partner with us to experience seamless security policy management services