Cybrella’s risk management program is tailored to meet the needs of each specific client. It serves as a roadmap to help understand organizational liability and mitigate risks. The resulting plans account for the client’s available budget, approach to governance and risk tolerance, 3rd party risks, and the maturity of policies and procedures.
Cybrella's risk-based approach aims at risk reduction as the primary goal. This enables the organization to prioritize investment and focus on building appropriate controls for the most damaging threats to the business’s most critical assets.
A risk management plan can help minimize the impact of cash flow issues, damage to the brand, and other risks. It will also help create a culture of sensible risk awareness and management in your business. Our Crisis planning for the business template below includes a risk management plan.
There are basic four steps to identify and create a risk management program that fits your organization’s profile:
As a preliminary step to the risk management plan, we analyze your business goals and functions. With this as a baseline, we use confidentiality, integrity, and availability triad models to map involved assets and data entry points.
What are the organization’s potential risks and vulnerabilities and how likely are they to occur? Some will cause major disruption while others will be minor and less critical. The organization must make an educated assessment of both the likelihood and potential severity of each risk to prioritize the planning efforts.
Once risks have been identified we need to either eliminate or minimize those risks and vulnerabilities. We provide specific strategies for minimizing risk for each risk category.
Establish a clear policy and set of procedures to set responsibilities that will be activated upon an event/attack.
The use of third parties can assist organizations in attaining strategic objectives by increasing revenues or reducing costs. The use of a third party also commonly serves as a vehicle for management to access greater expertise or efficiency.
These third parties are increasingly targeted by criminals and continue to be a significant reason for breach incidents. Rather than attempt to breach the systems of well-protected networks, criminals look for the weakest link in the chain, which is all too often a third-party.
Failure to manage the risks can expose the company to regulatory action, financial loss, litigation, and reputation damage, and may even impair a company’s ability to establish new or service existing customer relationships.
Cybrella helps companies by evaluating, mitigating and managing the Third-Party Risks by performing risk assessment as a broad examination with reference to the actual severity of the risks and compliance with industry standards focus on third-party security (PCI DSS, ISO 27001, NIST SP 800-39, and more).
Cybrella’s System Risk Assessment methodology is based on our Hybrid Security RA Approach (HSRAA), developed by the Cybrella Research Lab. The HSRAA is based on a combination of standard best-known methods and practices derived from different RA methodologies and tailored to fit a specific client.
Our RedTeam is a world-class, highly trained and certified penetration testing team, acting as ethical hackers to simulate possible attacks from the hacker’s point of view. We are always up to date, researching & constantly searching for new techniques.