Risk Assessment

The least you should do every year

A Security Risk Assessment helps organizations identify, analyze, and prioritize risks across people, processes, and technology. It also helps them test whether existing policies are appropriate to protect against various levels of security threats.

The outcome helps CXOs or Security Leaders understand their existing security posture as well as risks, and it drives their capacity to make choices that align risk within acceptable ranges. As a result, there will be no last-minute shocks for the board, particularly when people, data, and assets are 'mobile' – the technological and security environment is changing so rapidly.

This is an essential component of the current approach to continuous risk management. Risk assessments are often performed on a yearly basis to get a comprehensive understanding of risk and are an obligatory activity mandated by standards such as HITRUST, ISO 27001, SOC 2, HIPAA, PCI DSS, FISMA, SOX, and others.


Elements of Risk Assessment

Direct & In-direct - Outcomes & Benefits

Why Choose Accorian?

Accorian provides a variety of security risk assessments to customers that fulfill the criteria of numerous standards such as HITRUST, PCI-DSS, HIPAA, ISO 27001, and others.

Our time-tested systematic risk assessment technique helps customers identify their risks while providing a library of asset types, threats, vulnerabilities, and dangers that are all connected to each other.

Consequently, we enable our customers to finish their evaluations in record time. All of this, well without the burden of beginning from zero and navigating unfamiliar territory without the assistance of an expert.

Two Components Of Risk Management

Risk assessment

Risk management and treatment

Risk assessment detects, assesses, and prioritizes risks in relation to both risk acceptance criteria and organizational goals. The evaluation findings direct suitable management measures and objectives for handling information security risks, including implementing controls chosen to guard against these risks.

The evaluation should contain both a systematic technique to assessing risk size and a mechanism for evaluating projected risks to risk criteria to evaluate risk significance.

A Risk Assessment Scope

A risk assessment scope might include the whole organization, portions of the organization, a single information system, and even particular components of the system or services. Risk assessment in domains involving technological infrastructure also involves vulnerability assessments to assist quantify threats.

This risk and vulnerability assessment procedure will need to be repeated at regular intervals, particularly if an incremental technique is used, to guarantee thorough and effective findings. This also ensures that continually changing security needs and substantial modifications are evaluated.

Risk Management and Treatment

After completing a risk assessment, the next stage in the process is risk treatment. A risk treatment choice must be made for each of the hazards discovered during a risk assessment. Among the risk-reduction options are:

Accepting risks knowingly and objectively, as long as they clearly meet the organization's risk acceptance policy and criteria.

Applying proper risk-reduction controls.

Avoiding risks by prohibiting acts that might result in the risks' occurrence.

Transferring the relevant risks to third parties, such as insurance or suppliers.

Risk Assessment: A Long-Term Security Strategy Component

Controls should be chosen to guarantee that risks are kept to a manageable level. Here are some things to consider


Relevant federal, state, or local legislation, and other legally enforceable restrictions


The expense of installing effective controls in comparison to the potential damage of not applying them


The institutional aims and objectives


Operational needs and limits


The costs that are anticipated to occur through one or maybe more security failures

Continuous improvement via continuing risk management is the most probably method of obtaining a ‘state of full security.’


The Accorian Advantage

Accorian’s cybersecurity and compliance teams bring a wealth of experience to help navigate organizations through their information security journey. Our hands-on, white-glove approach combined with a goal-oriented, proven methodology brings both fiscal value and expertise to each of our clients. The facts speak for themselves.

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