Contact Us
Error: Contact form not found.
TraceSecurity’s cybersecurity risk assessment services help organizations identify, analyze, and prioritize security risks. Risk Assessments are an annual requirement under most regulatory compliance programs. Cybersecurity risks are constantly evolving, making it important to address them regularly and know where you stand. When you understand your risks, you can prioritize budget and remediation efforts in the areas that need it most.
Our cybersecurity risk assessment services align with a wide variety of compliance frameworks, including NIST, FFIEC, CIS, HIPAA, and more. Combined with our IT security audit and penetration testing services, organizations gain a complete picture of their security posture. Also, our cybersecurity risk assessment process includes a thorough review of your organization’s security controls, policies, and infrastructure. The final deliverable is a comprehensive report with proprietary calculations for residual risk and a detailed remediation action plan with clear next steps your team can act on immediately. Use the actionable remediation action plan to steer improvements to your cybersecurity program and stop guessing on which threat to address next.
Identify
Your Risks
Our analysts help categorize your assets, their associated threats, and the potential impact on your organization.
Meet
Compliance
TraceSecurity’s Risk Assessments satisfy state and federal regulatory compliance examiners across industries.
Tiered
Offerings
We tiered our Risk Assessment offerings to maximize their effectiveness for organizations of all sizes.
Ongoing Risk
Management
Use our Risk Management software to easily prioritize, assign, and track your remediation efforts.
Our Cybersecurity Risk Assessment Methodology
All TraceSecurity Cybersecurity Risk Assessment services are based around the following standard procedure to identify and prioritize organizational risks.
Asset Identification
Our information security analysts start each risk assessment by identifying an organization’s physical, technical, and operational assets. Assets are scored on Confidentiality, Integrity, and Availability (CIA) Values to determine their sensitivity and criticality levels.
Threat Evaluation
Based on CIA values, our analysts identify the potential threats to each asset. Each threat will include how likely it is to occur (Likelihood) and how detrimental the risk could be to the organization (Impact), rated on a qualitative scale that accounts for the sensitivity of the asset and the severity of potential compromise.
Inherent Risk Determination
Inherent risk levels are determined as if no security controls are in place, representing the very base of organizational infrastructure. All of your assets, how critical they are, and how many potential threats there are add up to your Inherent Risk scores.
Control Analysis
Our analysts identify all of the controls you have in place to protect your assets through interviews with your internal staff and/or outsourced IT. Each identified control is reviewed to determine the degree to which each control reduces both the Likelihood and Impact of associated threats.
Residual Risk Scoring
Using TraceSecurity’s proprietary formula, our analysts determine the Residual Risk to your organization. This is the amount of leftover risk to your organization after controls are implemented. Every organization will have an “acceptable” level of risk that it deems to be worth the cost of doing business.
Risk Mitigation Guidance
By understanding your Residual Risks and their associated threats, organizations are empowered to focus resources and budget on the areas that need it most. Every Risk Assessment report includes actionable recommendations for improving security controls and minimizing residual risk.
Ask about our Small Institution Services!
TraceSecurity offers several services optimized for small companies that need to meet compliance without breaking the bank. Chat with a consultant to learn more about our Small Institution Risk Assessments, IT Security Audits, Penetration Testing, Vulnerability Assessments, Tabletop Tests, and more.
Learn More About Risk Assessments
The Importance of Third-Party Risk Assessments and Verification of Controls
Risk management is essential to successful business operations in today’s complex and rapidly changing business landscape.
Webinar: IT Risk Assessments
Watch the webinar on our Risk Assessment services and how we help organizations meet compliance goals.
5 Critical Components for a Risk-Based Information Security Program
An integrated, cloud-based approach to data security and compliance