As today’s businesses extend far beyond the traditional brick and mortar walls, so does the inherent risk that accompanies operating in a digital world.
Managing cybersecurity risks in a strategic way is critical to long-term business health and success.
Cybersecurity risks are closely tied to how an organization processes and stores data, communicates both internally and externally, and collaborates with vendors, partners, clients and others along a supply chain – all operations that are essential to modern business. When thinking about risk management, executives should be able to answer the following questions:
- Does your organization have a comprehensive plan to mitigate cyber risk?
- Have you weighed the cost of mitigating risk with the cost and benefit of accepting appropriate risk?
- Is there a plan to follow if your organization falls victim to a cyber attack?
Every organization has its own unique IT infrastructure made up of people, policies and procedures, all of which are susceptible to their own unique cybersecurity threats, vulnerabilities and risks. That said, traditional approaches to cyber risk management, including one-size-fits-all checklist assessments and firewalls, cannot address the unique needs of your organization moving forward. Given the complex landscape of today’s always-on digital world, it is absolutely essential that organizations approach their cybersecurity risk management from a holistic, all-inclusive framework to ensure that everything from their facilities to their processes are well protected.
Our Risk Management Consulting Services
What’s the difference between a cyber risk assessment and a cyber risk management program?
An assessment gives business leaders peace of mind that the organization’s systems and data are secure at the time the assessment took place. A cyber risk management program addresses ongoing threats and lays out a plan for continuously identifying vulnerabilities that threaten the business. A cyber risk management program also includes a governance and risk compliance plan that appropriately mitigates current and emerging risks.
Hartman Executive Advisors’ risk management consulting team has extensive experience with working with clients to assess their cybersecurity risks, as well as to plan and implement solutions to address them. Our risk management professionals will also determine which risk mitigations are most effective for your organization’s security goals, while presenting sound risk-management options for management based on comprehensive cost/benefit analyses. This can enable your executive management and board members to better fulfill their IT governance roles while making high-ROI investments in your security infrastructure. Read more about the core risk management consulting services we provide below.
Cyber Risk Assessment
Almost all kinds of organizations are prone to cyber-attacks, with the potential to damage not only your data and records but also your reputation. Our cyber risk assessment tools enable organizations to identify the gaps in their cyber risk areas, as well as develop strategies for dealing with these issues if they ever occur. We also work to ensure that our clients are on the right path when it comes to investing their resources in cybersecurity counter-risk and infrastructure, and provide ongoing leadership to address cybersecurity threats moving forward.
Governance, Risk and Compliance
Through our governance, risk and compliance programs, we strive to support the governance, reporting and reduction of information security risks through the implementation of cybersecurity risk management programs and initiatives. Through our comprehensive services, we will perform a wide variety of procedures to ensure the safety of your information system assets and to protect those systems from intentional or inadvertent access or destruction. We will also create as-needed documentation and conduct the adequate assessment and accreditation processes necessary to comply with information assurance (IA) and security requirements.
Incident Response Planning
The time to start thinking about responding to a cyberattack on your business isn’t after the attack happens.
The minutes, hours and days immediately following a phishing, malware or ransomware cyberattack can mean the difference between effective recovery and long-term damage to a business and brand.
An incident response plan is a guide for how your organization will respond in the event of a security breach. Through our extensive incident response planning services, we help businesses create and document well-planned approaches to addressing and managing a wide variety of potential cyberattacks or network security breach scenarios. While we do our best to minimize the potential for a cyberattack, we take precautionary incident response planning seriously, helping our clients develop strategies to minimize damage, expedite recovery and mitigate breach-related expenses should a breach ever occur.
IT Due Diligence
IT due diligence refers to a quality and risk assessment of an organization’s IT-related infrastructure. As IT due diligence allows investors to evaluate the opportunities, risks and costs of an organization’s IT-related systems and processes, IT due diligence is required by investors as a precautionary measure during a merger or acquisition. Our IT due diligence consulting services thoroughly evaluate our clients’ IT systems and infrastructure, as well as the people and processes that manage them, while helping organizations identify opportunities for cost savings, assess present and potential risks and outline scenarios for future systems.