Cyber Security Risk Assesment

We Help Strengthen Your Cyber Security

What Is a Cyber Security Risk Assessment and Why It Is Important?

A cyber security risk assessment is a structured process to identify, analyse and assess existing and potential security vulnerabilities and risks. It helps to evaluate key security controls in place in your organisation for mitigation and identify areas of weaknesses and improvements. It provides a holistic view on adequacy and appropriateness of the cyber security controls for your business based on the risk assessment.

In a dynamic and evolving risk environment, cyber security risk changes almost daily, and business are forced to continuously identify and address threats and vulnerabilitiesto prevent exposure to critical systems, processes, and data to maintain risk tolerances at an acceptable level and sustain the business.

Larger organisations should conduct their own internal risk assessments on an ongoing basis. However, small, and medium organisations may not have the internal capacity to do this. In these organisations, risk assessments should be run on a regular (at least once a year) basis. This process is also important to obtain business management commitment to allocate resources and implement the appropriate security solutions.

Cyber Security Risk Assessment

What Will You Get from Our Expertly Designed Cyber Security Risk Assessment Services?

Without a robust risk assessment, you may not be able to determine required cyber security measures and controls to implement, and you could waste time, effort, and resources. There is little point implementing measures to defend against events that are unlikely to occur or won’t impact your organisation.

Likewise, you might underestimate or overlook risks that could cause significant damage. Therefore, all best-practice frameworks, standards, and laws – including the GDPR (General Data Protection Regulation) – require risk assessments to be regularly conducted.

Our expert will perform a comprehensive Cyber Security Risk Assessment covering key IT assets and data to identify potential vulnerabilities and help you stay ahead of threats. People, Processes and Technology are the three pillars of cybersecurity and, thus, it is essential to systematically assess their strengths and weaknesses. Our expert will produce a detailed report with analysis of assessment results and recommendations for improvement.

Typically, our services will include all critical IT assets such as applications, servers, networks, laptops, mobiles, data and intellectual property, online internet facing services such as websites, web portals and Apps.

Risk Assessment Process

Our Cyber Security Risk Assessment process will include:

  • Identification of key information assets that could be affected by a cyber attack
  • Valuation of assets for prioritisation in terms of how they support the business activities
  • Identification of known and potential risks that could affect those assets
  • Identification of vulnerabilities associated with the processes and technologies that an asset utilises –this may include using both manual and automated processes to identify weaknesses
  • Determining the likelihood (probability) and impact (financial and non-financial) of risk events using scenario-based assessment
  • Determining the risk ownership within the business and treatment options (selection of controls) for the identified risks and vulnerabilities
  • Reporting – A traffic light style report with summary dashboard, detailed analysis and practical advice is produced
  • Follow up – It is important to continually monitor and review the risk environment to detect any changes in the context of the organisation, and to maintain an overview of the complete risk management process.

Assessment Methodology

Cyber security risk assessment can take 2– 10 working days, depending on the size and complexity of the organisation and technology estate. Assessment works involve, interviews, data analysis, review of documentation and validation of controls, and is performed using risk assessment software.

At Global Forum, our team is supported by (ISC)², ISACA and CREST qualified professionals with several years of industry experience. This gives assurance that assessment is performed using best practices industry-standard frameworks and results are reliable and trusted by the regulators and other stakeholders.

Our services are customer-centric and tailored to suite specific business needs. Our pricing for a comprehensive cyber assessment and health check, is very competitive and attractive for all businesses sizes.

Please reach out for a free, no-obligation initial consultation, and to discuss how we can help.

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