Risk Management

One of the key services provided by a TrustedCISO vCISO is managing risk. This involves identifying, assessing, and mitigating risks that could impact the confidentiality, integrity, and/or availability of the organization’s information assets and PII data. 

The TrustedCISO vCISO will work with the organization’s management team to understand its risk profile, including the potential threats and vulnerabilities that could impact the organization. Next, the TrustedCISO vCISO will develop a risk management strategy that addresses these risks. Finally, executive management will accept, mitigate or transfer the risk.

The specific risk management services provided by a TrustedCISO vCISO include:

Risk Assessment

Conduct a comprehensive risk assessment to identify potential security threats and vulnerabilities in the organization’s systems, networks, and applications.

Risks Scored

Each risk will be scored based on its impact and likelihood.

• The impact to the organization for each combination of threats and vulnerabilities for an individual asset if such a risk materializes.
• The likelihood of occurrence of such a risk (i.e. the probability that a threat will exploit the vulnerability of the respective asset).

Risk Mitigation

Developing and implementing controls and procedures to mitigate identified risks and vulnerabilities, including security policies, procedures, and technical controls.

Vendor Risk Management

Evaluating the security posture of third-party vendors and service providers to ensure they are complying with the organization’s security requirements.

Overall, a TrustedCISO vCISO provides a range of risk management services to help organizations develop and implement effective information security strategies that align with their business goals and objectives, reduce security risks, and comply with regulatory requirements.