All About Security Risk Assessment

Cyber Threat Risk Webinar

Identify security risks and understand general network usage.

July 21st  11:00 am EST
Register Here

A security risk assessment will identify, evaluate, and execute important security controls in applications. It concentrates on the prevention of application security vulnerabilities and defects.

Performing a risk assessment lets an organization check the application portfolio as a whole, from the perspective of the cybersecurity attacker. It will support manager when creating a well informed resource allocation, tooling, as well as decisions concerning security control implementation. Therefore, performing an evaluation is an important part of the risk management process of an organization.

Understanding The Process Involved In Security Risk Assessment

Factors like resources, growth rate, size, as well as asset portfolio will have an effect on the depth of the models for risk assessment. Organizations will perform generalized assessments when time or budget constraints are encountered. But generalized assessments do not offer the in-depth mappings between associated online threats, identified risks, assets, impact, as well as mitigating controls.

When generalized assessment consequences do not offer sufficient correlation between these aspects, a more detailed evaluation is required.

Security Risk Assessment Model: 4 Steps To Ensure Success

1. Identification – figure out all technology infrastructure’s critical assets. Then evaluate sensitive data that’s been created, stored, or sent by these assets. Don’t forget to make a risk profile for every one of them.
2. Assessment – use a method to evaluate the identified risks for critical assets. Once in-depth assessment has been performed, find out how you can efficiently and effectively spend resources and time for risk mitigation. The assessment method should evaluate the correlation between threats, assets, mitigating controls, and vulnerabilities.
3. Mitigation – create a mitigation approach and execute security controls for every risk.
4. Prevention – execute tools as well as processes to lower the vulnerabilities and threats from happening in the resources of your firm.

The Common Problems Solved By A Security Risk Assessment

An organization will be allowed to do the following thanks to a comprehensive security risk assessment:

• Come up with risk profiles for every asset.
• Identify assets within the company.
• Know what data is stored, sent, and created by these assets.
• Evaluate asset criticality in relation to business operations. This involves the general impact to reputation, revenue, as well as the possibility for the exploitation of the organization.
• Assess the asset’s risk ranking and prioritize them for evaluation.
• Apply specific mitigating controls for every asset according to the assessment results.

It is crucial to know that a security risk assessment Wilmington is not a single security project. Instead, it is a regular activity that must be performed at least once every two years. It will provide a firm with an updated snapshot of the risks and threats to which they’re exposed.

Call SpartanTec, Inc. for more information about security risk assessment or if you need to help of IT experts to secure your network against potential online threats.

SpartanTec, Inc.
Wilmington, NC 28412
(910) 218-9255
http://manageditserviceswilmington.com

Cities Served:
Wilmington, Silver Lake, Sea Breeze, Carolina Beach, Eagle Island, Leland, Wrightsboro