IT RISK ASSESSMENT

IT RISK ASSESSMENT

What is IT risk assessment?

IT Risk Assessment is the process of identifying the risks related information processing facilities which use processes, tools and technologies. IT risk assessment can be qualitative, semi-quantitative or quantitative. The process also helps in identifying the techniques to manage the Risks.

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Why IT risk assessment?

  • Identify and manage risks
  • Develop a response plan
  • Prevent IT crisis
  • Implement security controls

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Benefits

Mitigate risks
Damage control
Cost effective
Avoid reputation loss

Our Workflow

Define

Firstly, we start evaluating the scope of the risk assessment

Compile

List out the necessary IT assets required for the audit to be performed

Identify

The business risks, non-business risks and financial risks are all identified and listed

Mitigate

The threats and vulnerabilities are mitigated with a set of preventive controls set in place in case of any breache

Review

The final process of an IT risk assessment is reviewing the entire procedure with your client and set in a bunch of controls