Security Risk Assessments

Security risk assessments that add value.

If you’re looking for a security risk assessment, our comprehensive approach ensures you have a complete list of security risks that are easy to understand.

Our Approach

Our approach to assessing risk follows industry frameworks accepted by common compliance bodies such as Health Insurance Portability and Accountability Act) HIPAA Office of Civil Rights (OCR), Payment Card Industry (PCI) Security Standards Council (SSC), and the Center for Medicare & Medicaid Services (CMS).  Our approach is outlined below:

Security Assessment Preparation

The first step is always preparing.  This step ensures context for the security risk assessment.  Our preparation usually begins very early in our relationship and includes:

  • Purpose of the assessment
  • Scope of the assessment
  • Uncovers any assumptions or constraints
  • Any potential inputs or factors to consider while conducting the assessment
  • Identify the analytic approach

Conducting Security Risk Assessments

The outcome of this step is to provide you with a list of security risks that can be prioritized and used to inform a meaningful risk response.  Completing a risk assessment has many steps and tasks.  Those tasks in summary are:

  • Identify security threat sources that are relevant to your organization or industry
  • Identify threat events that might come from the threat sources
  • Identify security vulnerabilities in your organization that could be exploited by threat sources
  • Determination likelihood that threat sources would initiate specific threat events
  • Determination of impact to the organization resulting from the exploitation of security vulnerabilities
  • Determination of actual security risk as a combination of likelihood of vulnerability exploitation and impact of exploitation

Security Risk Assessment Reporting

At the conclusion of the security risk assessment we report on the results of the risk assessment and ensure that you can understand the results.  Our goal is ensure that decision makers have the appropriate risk-related information needed to inform and guide risk decisions.  In addition to preparing a report, based on the organizational communication style we can also prepare executive briefings, prepare risk memos, or risk dashboards.

Recent Blog Posts

What is an ISO 27001 Information Security Management System (ISMS)?

By: Justin Fimlaid What does it mean when ISO 27001 references an ISMS? An ISMS stand for Information Security Management System. This essentially means that it is a programmatic structure that allows you to build a security framework and controls specific to and...

4 Things To Know About The Ohio Data Protection Act

By: Justin Fimlaid The Ohio Data Protection Act was passed in August of 2018 and went into effect as of November 2018. What's unique about this data protection law is that it's unlike recently passed privacy legislation recently seen in California and Colorado. 1....

Open Banking Directive and Securing Web Application Vulnerabilities

By: Justin Fimlaid If you haven't heard of it there is a new banking directive in the U.K. called the Open Banking Directive.  This directive went into effect on January 13, 2018.  It's significant for U.S. based banks, because this Directive could apply pressure...

Got Security Risk?

Pin It on Pinterest