Cyber Risk Assessment refers to employing quantification techniques and statistical measures to accurately assess an organization’s cybersecurity risk. This data can be compiled and analyzed to create highly detailed security assessments that organizations can use to determine potential cybersecurity threats and vulnerabilities, as well as the likelihood of any particular risk.
An assessment can be further utilized to identify present assumptions and limitations of an organizations existing IT paradigms, giving stakeholders a process for evaluating present and future cybersecurity blind spots and threats before they happen. Ultimately, cyber risk assessment is a tool that helps decision-makers make informed cybersecurity infrastructure investments and risk transfer decisions moving forward.
Cyber Risk Quantification & Analysis
Hartman Executive Advisors offers cyber risk assessments that employ a wide variety of cyber risk quantification techniques to accurately assess our client’s business-specific cybersecurity threats. This involves using highly complex software systems to create a model of the organizations existing system architecture, and then using mathematical modeling to accurately quantify cybersecurity risks. These simulations are then used to forecast potential risk by calculating the probability of various losses occurring in a given timeframe. From there, we will work to communicate potential cybersecurity risks to your organizations IT decision-makers, helping them acknowledge and address present vulnerabilities. We will also develop roadmaps to facilitate ongoing security improvements and provide continued leadership to address evolving cybersecurity threats.
Cyber Risk Assessment Services
At Hartman Executive Advisors, we champion a truly transparent and fact-based approach to both identifying and quantifying cyber risk. This means that we employ an accurate and consistent semantic taxonomy when discussing risk and the ‘threats’ that accompany them.
In this context, our risk management professionals can evaluate which risk mitigations are most effective for your organization while presenting sound risk-management options for management, based on comprehensive cost/benefit analyses. This allows executive management and board members to better fulfill their IT governance roles by:
- Making well-informed decisions about risk (without wasting time and resources chasing ‘red herrings’ based on non-quantifiable data.
- Understanding present security risks and blind spots, while developing concrete action plans to eliminate them.
- Planning for future security investments and initiatives.
- Consolidating IT systems in mergers and acquisitions.
- Securing store large amounts of sensitive data.
- Ensuring comprehensive and up-to-date IT regulatory compliance.
To find out more about our comprehensive Cyber Risk Assessment services, contact Hartman Executive Advisors today. We will provide you with the data, tools and strategies to help minimize security threats and safeguard your IT infrastructure.