Security Risk Assessments
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Overview
How can you be sure you have enough – and the right kind of – security? The cyber landscapeis like a war zone. Last year, CrowdStrike’s global threat report revealed that 80% ofcyberattacks leveraged identity-based techniques to compromise legitimate credentials. Thisyear, adversaries are doubling down on stolen credentials, with a 112% year-over-year increasein advertisements for access-broker services identified in the criminal underground.*
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Security risk assessments are essential for organizations to safeguard their critical assets,maintain regulatory compliance, and minimize the potential impact of security incidents.By regularly conducting assessments, organizations can stay ahead of evolving threats andmaintain a strong security posture.
​Security risk and compliance assessment
A security risk assessment is a systematic process to identify, analyze, and prioritize potentialsecurity risks and vulnerabilities within an organization. Based on these assessments,businesses can take proactive measures to minimize the financial and reputational impact ofbreaches, protect sensitive data, and maintain business continuity.
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Many industries and regulatory bodies require organizations to conduct regular security risk assessments to maintain compliance with specific standards (e.g., GDPR, HIPAA, PCI-DSS).Failure to meet these standards can result in massive fines, downtime and loss of trust. Finally, having a level of certainty regarding your security posture can provide the confidence needed for strategic decision-making, budget allocation, and risk mitigation strategies.
Security risk and compliance assessment Approach
CETC security risk and compliance assessment service approach
Threat and vulnerability assessment
Assign potential threats and vulnerabilities to eachasset, including external factors (e.g., cybercriminals) and internal factors (e.g.,employee behavior).
Risk analysis
The likelihood and impact of each identified risk, taking into account existing security controls and measures.
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Risk mitigation
Develop strategies and provide roadmap of implementation of securitycontrols to address the identified risks and minimize their potential impact.
Reporting and communication
Document the assessment process, findings, recommendations, and roadmap for informed decision making
Continuous monitoring and review
Regularly review and update the security riskassessment to account for changes in the organization's environment, technology, andthreat landscape.