INFORMATION SECURITY RISK ASSESSMENT SERVICE

How Can I Benefit from a Risk Assessment?

A risk assessment helps mitigate your potential losses due to error, fraud, inefficiency, failure to comply with statutory requirements and actions that may have a negative effect on your organization. If your organization has ever asked these questions, a risk assessment may be right for you:

• How do we identify and get out in front of emerging risk?
• Have we adequately considered down-side risk to our business objectives?
• What could go wrong?
• Where is the greatest risk that something will go wrong?
• If something goes wrong, what is the impact?
• How often could it happen?
• How can the risk be mitigated?

Risk = Asset X Threat X Vulnerability

Nevertheless, remember that anything times zero is zero — if, for example, if the threat factor is high and the vulnerability level is high but the asset importance is zero (in other words, it is worth no money to you), your risk of losing money will be zero.

There are multiple ways to collect the information you need to assess risk. For instance, you can:

• Interview management, data owners and other employees
• Analyze your systems and infrastructure
• Review documentation

To Begin Risk Assessment, Take The Following Steps:

Find All Valuable Assets across the organization that could be harmed by threats in a way that results in a monetary loss. Here are just a few examples:

• Servers
• Website
• Client contact information
• Partner documents
• Trade secrets
• Customer credit card data

Identify Potential Consequences Determine what financial losses the organization would suffer if a given asset were damaged. Here are some of the consequences you should care about:

• Data loss
• System or application downtime
• Legal consequences

Identify Threats And Their Level A threat is anything that might exploit a vulnerability to breach your security and cause harm to your assets. Here are some common threats:

• Natural disasters
• System failure
• Accidental human interference
• Malicious human actions (interference, interception or impersonation)

Identify Vulnerabilities And Assess The Likelihood of their exploitation. A vulnerability is a weakness that allows some threat to breach your security and cause harm to an asset. Think about what protects your systems from a given threat — if the threat actually occurs, what are the chances that it will actually damage your assets? Vulnerabilities can be physical (such as old equipment), problems with software design or configuration (such as excessive access permissions or unpatched workstations), or human factors (such as untrained or careless staff members).

Assess risk Risk is the potential that a given threat will exploit the vulnerabilities of the environment and cause harm to one or more assets, leading to monetary loss. Assess the risk according to the logical formula stated above and assign it a value of high, moderate or low. Then develop a solution for every high and moderate risk, along with an estimate of its cost.

Create A Risk Management Plan using the data collected. Here are some sample entries:

Create a Strategy for IT infrastructure enhancements to mitigate the most important vulnerabilities and get management sign-off.

Define Mitigation Processes You can improve your IT security infrastructure but you cannot eliminate all risks. When a disaster happens, you fix what happened, investigate why it happened, and try to prevent it from happening again, or at least make the consequences less harmful. For example, here is a sample mitigation process for a server failure:

Event (server failure) → Response(use your disaster recovery plan or the vendor’s documentation to get the server up and running) → Analysis (determine why this server failed) → Mitigation (if the server failed due to overheating because of low-quality equipment, ask your management to buy better equipment; if they refuse, put additional monitoring in place so you can shut down the server in a controlled way)

Why Xiarch ?

Xiarch is a CERT-IN Empanelled & ISO 9001:2015 | ISO 27001-2013 Licensed Cyber Security Company and IT Services Company with solutions providers in Information Security like VAPT Services, Penetration Testing Services, Vulnerability Assessment Services, Among our consumers we proudly work for Government Organizations, Fortune one thousand Companies and countless start-up companies. We are additionally Value Added Partners, Authorized Re-sellers & Distributor of Leading Web Application Security Testing Tools.

We are headquartered in Delhi and have branch presence in Gurugram and Mumbai - India

Contact our sales team @ +91-9667916333 for further clarifications on above stated service, you can also reach us by an email at [email protected]. We’ll be great full to serve you. Happy Security.