About Risk Management
With the objective of helping clients to better manage their business and IT-related risks ZenithSecure provides risk management consultation and effective risk reduction strategies and systems.
For clients who have a risk management system in place, ZenithSecure provides consultation and security assessment. We will identify external weaknesses and internal vulnerabilities, areas where security systems are not being followed properly as well as assess overall effectiveness.
For clients who do not have a risk management system in place, ZenithSecure provides consulting services to enable them to get this vital protection in place quickly.
Risk management is the process of identifying risk, assessing risk, and taking steps to reduce risk to a level acceptable to an organization.
Risk is the product of the likelihood of an event occurring and the impact that event would have on an information technology asset.
IT and Information Risk is the business risk associated with the use, ownership, operation, involvement, influence and adoption of information systems which support the missions and business functions of a company.
ZenithSecure manages the process of identifying internal vulnerabilities and external threats to client information resources. Then we assist in deciding which countermeasures to implement for reducing risks to acceptable levels, based on the value of the information resource and the level of impact to their company.
Two important concepts:
The process of risk management is a repetitive process which must be continued indefinitely. This is due to the nature of all business environments which are in a continuous state of flux and to the continuous emergence of new external threats and internal vulnerabilities.
The choice of solutions and processes chosen to manage risks must be weighed against all factors involved; productivity, cost, effectiveness of the solution or process, as well as the value of the informational asset being protected.
The objective of ZenithSecure in performing risk management is to enable our clients to securely accomplish their business goals and operations.
Based upon our detailed analysis and documentation we deliver a comprehensive report highlighting problems, issues and our recommendations for remediation and improvements. We focus on clients having more secure technical and information systems. The reports enable management to make well-informed decisions based upon relevant facts; especially regarding validation of additional investments and expenses for improving their systems.
Finally, we assist management to implement necessary improvements for their security systems, including staff training and plans for continuous assessments.
Keys for Success
A successful risk management program will rely on:
- Commitment and active involvement of senior management, technical and support staff as well as department managers;
- Expertise and capability of the risk assessment professionals;
- Attentiveness and collaboration of all implicated employees who must comply with all procedures and follow designated controls;
- Continuously evaluating and assessing the established risks as well as being aware of newly developing ones.
Process of Risk Management
Risk management is the process which allows executives and managers to balance the operational and financial costs of protective systems while achieving gains in capability through the protection of their IT systems and information which supports their company’s goals.
The head of each department needs to determine the security capabilities that their IT systems must have to provide the necessary level of support in the face of threats.
Risk management encompasses three processes: risk assessment, risk mitigation, and evaluation and assessment.
Risk assessments can be performed at three levels of a company: organizational, business process, and the information system.
At the information systems level, clients use ZenithSecure risk assessments for either: the creation and implementation of the risk management procedures and controls or the evaluation of their existing risk management system.
ZenithSecure risk assessments guide them to make recommended and necessary improvements; or to categorize security needs; select proper processes, authorizations and controls, implement, maintain and monitor their systems, as well as establish continuous assessment and improvement policies and procedures.Risk Mitigation
Risk mitigation involves the prioritization, evaluation, and implementation of appropriate risk reduction controls and procedures documented by and recommended from the ZenithSecure risk assessment process.
The complete elimination of risk is impossible. Executives and managers must implement the cheapest, suitable systems and procedures, while being sure to apply the appropriate level of controls to reduce risk to acceptable levels.Evaluation and Assessment
Risk assessments are continuous processes. They are not one-time events or procedures which provide eternal and authoritative information regarding security risks.
The regularity, purpose and scope of these risk assessments and the resources applied to them must be adequate and determined separately for each ZenithSecure client.
The existence of a ZenithSecure information security management system, its ongoing evaluation and continuous improvement provide assurance that a client has taken the necessary steps to reduce their risk levels to the absolute minimum.
Steps of Risk Management
ZenithSecure provides risk management services utilizing four steps which are vital in maintaining a client’s security systems in a state of perpetual readiness for their ever changing business environment and the constantly evolving threats which will confront them.
The four steps are:
- Penetration Testing
- PCI Compliance
- Security Integration
- Security Forensics
- Controls and Assurance Testing
- Social Engineering Testing
- Incident Response Services
- Controls Documentation
- Compliance & Governance
- Countermeasures & Coordination
- Support Services
- Software Development