All organizations regardless of the size aim at preventing loss or disclosure of data while sustaining authorized access. The possibility that something could happen to damage, destroy, or disclose data, information assets or other resources is known as risk. Understanding risk management concepts is important and essential to the establishment of a sufficient security stance, proper security governance, and legal proof of due care and due diligence.
Managing risk is therefore an element of sustaining a secure environment. Our Risk management approach is a detailed process of identifying factors that could damage or disclose data and pose threat to an organization’s information assets, evaluating those factors in light of asset value and countermeasure cost, and implementing cost-effective solutions for mitigating or reducing risk.
The overall process of our risk management framework is used to develop and implement information security strategies. The goal of these strategies is to reduce risk and to support the mission of your organization.
Goal of RISK Management
The primary goal of our risk management framework is to reduce risk to an acceptable level. What that level actually is depends on the organization, the value of its assets, the size of its budget, and many other factors. One organization might consider something to be an acceptable risk, while another organization might consider the very same thing to be an unreasonably high level of risk. It is impossible to design and deploy a totally risk-free environment; however, significant risk reduction is possible, often with little effort.
Where do risk come from?
Risks to an IT infrastructure are not all computer based. In fact, many risks come from noncomputer sources. It is important to consider all possible risks when performing risk evaluation for an organization. Failing to properly evaluate and respond to all forms of risk will leave a company vulnerable. Keep in mind that IT security, commonly referred to as logical or technical security, can provide protection only against logical or technical attacks. To protect IT against physical attacks, physical protections must be erected.
In addition to our risk-focused activities, our approach includes; evaluation, assessment, and the assignment of value to all assets within your organization. Without proper asset valuations, it is not possible to prioritize and compare risks with possible losses.