Risk Assessment

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Overview

Risk assessment is the determination of quantitative value of risk related to a concrete situation and a recognized threat. Our risk assessment services are designed to help you identify areas of current risk and the prioritization of effort in designing and implementing control mechanisms to address those areas based on a cost-benefit analysis and within the context of the organization’s size and business.

Quantitative risk assessment requires calculations of two components of risk; the impact of the potential loss derived from a Business Impact Analysis, and the probability that the loss will occur derived from the Threat & Vulnerability Assessment.

Risk assessment is a step in the risk management process and is the overall process of risk analysis and risk evaluation.

Key Features/ Benefits

  • Identification of areas of high risk concentration within the organization.
  • Structured and business-focused approach in identifying and assessing priorities for action and resource allocation.
  • Practical recommendations for improvements and enhancements of organization’s security profile.
  • Quantitative assessment to assess magnitude of risk based on potential loss and probability of occurrence.