Cybersecurity Risk Assessment is a service that entails risk-based approaches to examine and enhance defense mechanisms against cyber-attacks. The strategy helps identify threats that could affect the availability and reliability of a system, information and company operations. Overall, a business can get a better understanding of the capabilities of defenses put in place against malicious attacks.

Who Should Have a Cybersecurity Risk Assessment?

In response to the increasing number and sophistication of cyber threats targeting company networks, it is imperative for all businesses to conduct thorough cybersecurity risk assessments to identify and protect the business from attacks on a recurring basis. A cybersecurity risk assessment helps identify and mitigate risks with reliable security controls and measures.

What Are the Goals of a Cybersecurity Risk Assessment?

The ultimate goal of cybersecurity risk assessment is to identify the risk exposure of computer and information assets in a company. During the process, all network devices and services that could be a source of vulnerabilities are addressed. Additionally, physical access control are reviewed for vulnerabilities.

Risk = Asset X Threat X Vulnerability

Cybersecurity risk assessment services generate actionable and concise reports that are presented in an understandable format for the client. The findings are interpreted and recommendations are implemented to remediate vulnerabilities within a network. A cybersecurity risk assessment report will show a picture of a network security at one point in time. However, new vulnerabilities are discovered frequently, requiring businesses to plan for progressive cybersecurity risk assessments to remain proactive against attacks.

Benefits of a Cybersecurity Risk Assessment

The Cybersecurity Risk Assessment focuses on the value of information and the costs involved if that information gets destroyed, stolen, or otherwise damaged. The value of information or a trade secret is established at a strategic level. Likewise, costs typically are defined in strategic terms like lost revenue, public relations efforts needed to restore brand image, and defending against lawsuits. When the potential losses are known for various types of attack they can be managed like any other typical business decision regarding risk. In practice, this becomes a two-way conversation between the tactical specialists and the executive strategist to make good decisions together using the risk assessment as a common point of reference.
The table below shows where each tool fits into the larger picture of cybersecurity risk management. A risk assessment is the only tool that is fully suited for strategic discussion and decision making. Aligning tactical solutions like vulnerability assessments and penetration tests to match the high-level areas of risk as determined by a risk assessment is a simple, effective way to ensure the right amount of money and effort is being spent on the right areas.

Periodically assessing the network, computer and information security is a crucial part of a business’s cybersecurity plan. Our experts combine in-depth knowledge of technology and security techniques to help identify and prevent potential risks that may adversely impact on a business’s network system.

Next Steps…

We are located in Houston and El Paso, Texas and Las Cruces, New Mexico. Contact us to find out how you can take your business to the next level. We keep you safe from the bad guys to give you peace of mind so you can rest at night and keep your business healthy and thriving.