Develop and Implement a Security Risk Analysis Program
Every risk you don’t analyze, you are implicitly accepting.
A key aspect of risk management has become the ability to perform formal risk analysis. CISOs and CIOs are expected to be able to analyze any new projects or initiatives and be able to identify the level of risk that is associated with each.
- Any IT project or new initiatives requires risk analysis. A process must exist to assess the individual risks that a specific project can bring. Otherwise, there will be a lack of necessary security controls, and the potential of vulnerabilities being exploited increases.
- Risk analysis is a critical aspect of any risk management program. Any IT initiative or action that takes place must fall in line with the established risk tolerance level of the organization, and ensure there are sufficient security controls in place to move forward.
- There is no one-size fits all approach. Just as no two companies are the same, no two risk analysis approaches are identical.
- Our research will help you build out a repeatable risk analysis process that can be used for any IT project or initiative.
- Walk through the major steps of risk analysis including identification of scope, classification of assets, and determination of the likelihood and impact of threats.
- As any new IT project or initiative is undertaken, they must be analyzed for the potential risk they possess to ensure it falls within the accepted organizational risk tolerance level.
- Generic risk analysis processes or templates will not help you. Instead, this blueprint will help you build a risk analysis process that is right-sized to your organization by taking into account specific variables around your organization.
- This is part of a larger risk management approach that focuses on your risk tolerance, existing controls, and threat model in addition to your risk analysis results.
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