Risk Assessment
Overview
For organizations to better understand the risk as it exists in a client’s current environment, we at GKO advise conducting risk assessments. The assessments are tailored to the needs and controls of an organization, and may include assessing your digital and physical environments in accordance with regulatory requirements and standards. This will also assist clients in understanding potential options and strategies for managing these risks to an acceptable level for business continuity.
Because at GKO, we understand leading-edge business outcomes start with cutting-edge cybersecurity.
Risk Assessment Steps
Identifying and analyzing potential (future) events that may negatively impact individuals, assets, and/or the environment (i.e., risk analysis)
Making judgments “on the tolerability of the risk on the basis of risk analysis” while considering influencing factors (i.e., risk evaluation)
Completion of Test of Key Controls, assessing the administrative, technical and physical safeguards in place to protect the organization’s sensitive internal and client information
Identify any potential internal and external threats as it relates to your organization’s information technology infrastructure as within the guidelines of the Cybersecurity Framework
Assignment of risk ratings for each item tested, share recommendations for mitigating potential information security threats to assist with the reduction of associated risk