Getting from point A to point B is always a challenge in resolving any business problem and without a plan a near impossibility. Reducing Risk, operationalizing security, and defining your security strategy is no different and requires a well-defined, properly balanced approach, that takes into account you risk tolerance, compliance requirements, budget, and timeline objectives. Add to this the policies and procedures needed to support the operational realities of reducing risk and limited resources, most organizations have significant issue which they can not resolve without assistance. SAVANTURE Risk Management consulting services help organizations tactically and strategically formulate, develop and execute a plan to meet the company’s overall business objectives.
Establishing an information security risk management strategy is about planning ahead and creating a roadmap with long-term security objectives. Before an organization can plan ahead, SAVANTURE first performs a risk assessment to understand the organizations current security status and afterword’s produces a baseline policy which addresses implementation of security and risk mitigation at a system level. A risk assessment is essentially made up of the following elements:
- Asset value The security posture starts with the asset and understanding what an organization is trying to protect. Assets come in different forms such as data, systems, or environments.
- Current exposure Assessing people, process, technology give an organization insight into determining their current exposure and where the organization stands presently with regards to its security posture.
- Gap Analysis Once SAVANTURE understands the asset value and security posture, we focus on identifying gaps in existing security and tie those back to the organizations key business drivers to identify the required adjustments, improvements, and resources required to achieve long-term security goals.
Once SAVANTURE determines the gaps, existing threats, and identifiable risks; a focus is placed on prioritizing and preparing a policy that defines controls to implement increased protection and monitoring in order to reduce risk quickly and efficiently. The business objectives drive the policy creation while integration of security is placed throughout the business functions and processes. Considerations are made for regulations and standards applicable to the organization.
Risk Management Strategy
Information security is a continuous process that requires persistent management. SAVANTURE understands that in order to achieve an agile security strategy, organizations must continuously look ahead and plan for future challenges. SAVANTURE places the risk assessment policy into a security framework making it a living document that has a continuous lifecycle designed to be continuously evaluated and adapted for improvement. The framework has a properly defined approach that takes into account you risk tolerance, compliance requirements, budget, and timeline objectives. The framework similarly operates like a roadmap, which includes milestones, deadlines, deliverables, inputs required, resources, and constraints.