Security & Privacy Risk Assessment

Remove the guesswork around Cybersecurity risk

Industry Challenges

Risk Mitigation

Identify and mitigate risks to reduce cyber risk exposure.

Resource Scarcity

Lack of resources in managing cyber risks.

Regulatory Requirements

Adhere to growing regulatory compliance needs.

Rapid Transformation

Adhering to compliance with rapid changes in the cloud, technologies, and other DX activities.

Monitor and Validate Privacy Program

Ongoing monitoring and testing of the privacy program, including monitoring and tracking of regulatory change.

Assessment &
Remediation Services

We understand how difficult it is to keep up with the complex and ever-evolving cyber risk landscape. Our security and privacy industry veterans use a business-aligned approach to pinpoint the risks that are relevant to your organization. We go beyond compliance and benchmark against the best frameworks to accelerate the maturity of your Cybersecurity program.

Risk Assessment

Evaluate relevant security and privacy risk impacting your business.

Benchmarking, Mitigation & Monitoring

Align your business risk against the industry standards to enable effective risk-based decision making.

Security and Privacy Roadmap

Business-focused prioritized roadmap to ensure security safeguards are implemented as the risks and the threats evolve.

Gap Remediation

Provide expert assistance in remediating identified deficiencies.

Our Approach

Identify all compliance and regulatory requirements based on your business.

Adapt to frameworks that meet your organization’s business needs.

Perform gap analysis to identify control deficiencies.

Create stategies and develop action plans for minimizing overall risks.

Identify all compliance and regulatory requirements based on your business.

Adapt to frameworks that meet your organization’s business needs.

Perform gap analysis to identify control deficiencies.

Create stategies and develop action plans for minimizing overall risks.

Case Studies

Drone Tech Startup – Compliance & Privacy
Business opportunities in new markets meant a drone technology startup needed to elevate its compliance standards. Propelex helped the client to implement an enhanced compliance solution, one founded on a privacy by design framework…

FAQs

Let us help you with any inquiry you might have.

How do you conduct a Security Risk Assessment?

There are several different methods for conducting a risk assessment. Some of the most common include auditing, application security testing, and penetration testing. Organizations should conduct assessments of both electronic and non-electronic assets.

In addition to identifying vulnerabilities, a security risk assessment should consider the human factor, as well as physical threats. Threats can be malicious, accidental, or both.

A risk assessment should begin with determining the scope and goals of the project. It should also involve all relevant stakeholders. Once this is done, the assessment can be performed. Depending on the level of complexity, it can be done in-house or by a third party.

What are the four fundamentals of Security Principles?

The four fundamental security principles are availability, integrity, confidentiality, and authentication. Each must implement and maintained at all times to ensure consistent data security.

Availability ensures that data is available when needed. Authentication identifies a person’s actions. Access control allows access only to those with proper permissions. Confidentiality ensures that information is not disclosed without authorization.

What are the three approaches in Cybersecurity Risk Assessment?
An effective cybersecurity approach requires a comprehensive solution that covers the entire IT infrastructure. The most important element of a comprehensive cybersecurity strategy is awareness training.

To reduce the likelihood of security violations, employees must be educated about cybersecurity topics. They should also be informed about company policies and incident reporting procedures.

In addition, users should have the latest anti-malware software installed on their computers. Secure passwords should follow industry-approved standards, and users should change their passwords at regular intervals.

What are the types of Security Risk Assessments?
There are many different types of security risk assessments, including vulnerability assessment, threat assessment, and security audit. Understanding the distinctions between each type is crucial for selecting the most suitable assessment for your organization.

A formal security assessment involves a team of experts who focus on the specific issues that need to be addressed. The process can take weeks and requires full-time team members.

Some types of assessments involve specialized access, such as penetration tests and vulnerability assessments. A security assessor will review the company’s systems and policies for vulnerabilities. They might find insecure business processes, weak passwords, and firewall configurations.

What is Digital Risk Management?
Digital Risk Management is a comprehensive process vital for protecting your business from digital disruption. It enables you to identify, measure, and monitor the risks associated with your IT environment.

Risks can be internal, external, third-party, or operational. Each type of risk has its own implications for the business. Your company needs to prioritize them according to their level of operational and financial risk.

Digital Risk Management is the best way to protect your business from any disruption. To fortify your defenses, it’s essential to embark on crafting a comprehensive, strategic approach. Once a risk model is in place, continuous monitoring allows for timely adjustments to response plans, ensuring resilience in the face of evolving threats.

What is Security Risk Assessment Checklist?

A security risk assessment checklist can use by organizations to identify threats to their assets. These include physical and electronic assets. Performing a comprehensive risk assessment will help your organization reduce downtime and cost.

A security risk assessment checklist can break into three basic stages. Each stage can be a separate activity or a combined effort. Generally, an in-depth assessment includes an asset inventory, procedures to documented, and documentation of network diagrams.

Depending on the size of your company and the nature of your business, a comprehensive risk assessment may be a good idea. Some businesses, however, are too small to invest in a complete security assessment. In cases like this, the best approach is to use a security service provider. Choosing an experienced company can mean the difference between success and failure.

What is the difference between policies and procedures?
A policy is a formal document that describes a course of action or a goal. It is usually a concise statement that explains why a decision must be made, what its objectives are, and how it will be achieved.

Procedures outline the normal process for completing a particular mission. Examples of procedures include equipment operation, procurement, and emergency preparedness.

What is the Process of Security Management?
Security Management is a process that protects an organization’s assets, such as buildings and systems, as well as its people. It addresses issues such as identifying risks, determining the best security measures, and implementing them.

A major goal of security management is to protect customer data. When a company’s secrets are compromised, trust and revenue can be lost.

In addition to protecting corporate data, information security management also helps to strengthen a company’s ability to resist cyber-attacks. This process provides a framework for managing and securing all types of information, from sensitive documents to data stored on databases.

Using an asset identification system is a vital part of effective security management. This system tracks the life cycle of an asset within the organization and ensures that sensitive data protected.

What Are the Key Principles of Security?
It is important to understand the basic principles of information security. These guiding principles are designed to make it easier to identify the various types of attacks and defend against them.

The best security practices include a robust data security infrastructure. The use of encryption and cryptography helps protect information from disclosure. It also prevents unauthorized modification of information and accidental destruction.

Another important security concept is the availability of information. This ensures that the system is available to authorized parties at all times. Also known as a denial of service, failure to meet this goal can hinder normal operations.

Another basic principle is the separation of duties. This is particularly important in the case of computer security systems. Unless an organization has a legal or regulatory requirement to store and process sensitive data, it should not be kept for any longer than necessary.

A third security concept is the non-repudiation rule. An attacker should deny access to a message unless the sender specifically requests it.

The CIA has created a set of guidelines to help organizations implement information security. These guidelines include the use of a firewall and load balancers.

One of the most important security principles is the Principle of Least Privilege. This relates to ensuring that people only have the privilege to access information that needed for their job.

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