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Information Security Risk Assessment

For an enterprise faced with multiple compliance requirements as well as the changing security needs of the business, risk is both an uncertainty and an opportunity. Risk assessments serve as the foundation for a strategic approach to compliance while helping to create an effective long-term risk management program. With our experience and expertise in completing risk assessments, tailored for businesses of all sizes, Mitiget is the right partner to help you assess — and address — your vulnerability to existing and evolving threats.

Information security risks include the possibility of business damage due to loss of confidentiality, integrity, or availability of information. Mitiget’s information security risk-assessment services provide the basis to build or refine the most appropriate information security program for your organisation. This service scopes your project individually to determine the best approach for your business – customised and scaled appropriately.

The foundation of the service is Mitiget’s proven methodology, which combines elements from best practices such as NIST, ISO 27001 and OCTAVE. As experts in complex risk assessment, we will wade through your risk challenges and help you assess the critical elements. The assessment includes key activities such as:

Each assessment concludes with a full risk assessment report, including priorities, recommendations and a full narrative of our findings. We will present the findings to your team to help guide decision-making that is in-line with your risk posture.

Benefits

As a leader in risk management and compliance, Mitiget’s unrivalled approach combines best practices to ensure the assessment is thorough and thoughtful.

Understand Your Risk Posture

Identify Costs and Efficiencies

A baseline risk assessment is a requirement for multiple compliance requirements across industries. With a Mitiget risk assessment, you can meet compliance obligations and gain an understanding of your exposure to threats and vulnerabilities, through risk identification and risk mitigation prioritization for your key assets and systems, policies, procedures and controls across business units.

Address Emerging Threats

Your business needs to move with the fast pace of technology to serve your customers best. The Mitiget risk assessment will help you identify these emerging threats and help your organisation plan for secure scalability and cost reduction when reviewing new vendors and technologies.

The risk assessment will also estimate the likelihood and potential impact of identified threats exploiting known vulnerabilities. This helps your organisation decide how to take action to reduce the likelihood and impact of an adverse event. The assessment will help guide your decisions for return on investment, budget allocation, control selection and efficient utilisation of resources.

Regulatory Compliance Baseline

Your organisation likely has to comply with at least one, if not many, regulatory compliance standards. A risk assessment is a requirement for compliance standards, such as the International Organisation for Standardization (ISO), and the Payment Card Industry Data Security Standard (PCI DSS). A Mitiget Information Security Risk Assessment can help achieve this requirement across industry standards.

How We Do It

Mitiget’s risk assessment approach incorporates proven methodologies to ensure that industry best practices are followed, and so that your custom engagement is scaled to the business challenges. We follow industry guidelines such as:

National Institute of Standards and Technology

Risk Assessment of threats in conjunction with vulnerabilities and existing controls.

Operationally Critical Threat, Asset, and Vulnerability Evaluation

A Risk Assessment will provide information needed to make risk management decisions regarding the degree of security remediation.

International Organisation for Standardization: ISO 27005

Risk Assessment = Risk Identification + Risk Estimation/Evaluation

An engagement with Mitiget follows our own unique assessment methodology – a combined approach that puts the right seasoned expert on the project, with the right level of analysis. Our team will work with your teams to ensure that the assessment includes the right stakeholders, assets and controls for the need at hand. This close working relationship yields the most productive results. We will provide you with a full report of the engagement, including:

  • Priority ranked risks to your business
  • Risk mitigation recommendations
  • Decision support consulting
  • Business discovery
  • Threat environment discovery

Observed best practices

Why Choose Mitiget?

Our risk assessment engagement gives your organisation a roadmap for a risk-based approach to decision-making. This helps establish operation and security standards and informs purchasing decisions, but more importantly – it helps your organisation set the framework for following numerous compliance and industry best practices.

Engagements are scaled as needed for business needs, or for an entire enterprise, and can be specific to an infrastructure, application, device or data type.

Our Approach and Methodology

Mitiget incorporates an interactive approach such as Workshops, Interviews, Questionnaires, Meetings, Observations, etc. to documenting and assessing an organisation’s exposure to fraud, waste and unauthorised activities. We utilise two different methodologies: Industry-Specific Risks and Enterprise-Wide Risks, which ensures that Mitiget will tailor the risk assessment to your organisation’s needs.

Contact Us Today!

To Learn More About Our Risk Management Practice And What We Can Do For Your Business.