Risk Assessments

Your independent and unbiased risk assessment services support security and compliance efforts for organizations of all types working in multiple industries.

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Why Are Risk Assessments Important?

Assessing risk may be the single most important factor in starting or supporting an effective security program. It is the foundational step for any successful efforts to identify and address vulnerabilities. Findings include employee errors, unpatched systems, and ongoing malicious activity across critical systems.

Regularly and accurately assessing risk provides direction for all of your organization’s information security procedures and helps strategize for meeting compliance goals. Plus, it enhances your cybersecurity posture and provides structure to activities by defining roles, responsibilities, and accountability.

AWA’s Risk Assessment Services

Our team provides comprehensive, independent, and unbiased risk assessment services. We work directly with your IT and security staff to address the most critical requirements of your risk management program, to ensure ongoing compliance, and boost your organization’s competitive advantage. AWA’s risk assessment service provides the following insight on your companies risks:

  • Risk avoidance – where an alternative strategy can be used in order to decrease the level of risk;
  • Risk acceptance – whether a risk needs to be addressed at all and if it can be shared with other organizations;
  • Risk mitigation – how investments can be used to reduce risk;
  • Risk transfer – when risk can be reduced by transferring it to another party.

AWA risk assessment experts include information security professionals who have hands-on experience with both risk management tools and best practices for risk assessment within specific industries. Contact our office to learn more.

Compliance Requires Risk Assessment

Compliance risk assessments performed by trusted third-party assessors to identify and help your team formulate measures to reduce risk to the organization stemming from non-compliance with applicable legal or regulatory standards.

This type of testing is a necessary process integrated into many regulatory standards including:

  • ISO/IEC 27001 for information technology,
  • NIST SP800-30 for risk management,
  • GLBA regulations regarding financial data security, and
  • HIPAA Security Rule for the protection of personal health information.
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FAQs about Cybersecurity Risk Assessment Services

What’s the difference between an IT audit and a risk assessment? 

The goal of a risk assessment is to find gaps and high-risk areas in your IT infrastructure, security controls, policies and processes. On the other hand, an IT audit reports on comprehensive analysis and testing of the IT infrastructure, security controls, policies and processes. 

What is the purpose of cybersecurity risk assessments? 

A cybersecurity risk assessment is designed to educate employees of the engaged organization about current and relevant security threats, their probable sources, and potential effects on business activities. At the same time, it helps the organization address weak points in cybersecurity measures, policies, and practices and plan for instances when a data can be or has been compromised.  

How do cybersecurity risk assessments help prioritize risks? 

Ongoing risk assessment programs define acceptable and unacceptable types of risk for a particular organization and estimating the potential damages incurred by each type of incident. Plus, they create a framework for assessing the severity, probability, and proximity of potential threats.

CISSP - Certified Information Systems Security Professional
CEH - Certified Ethical Hacker
CISM - Certified Information Security Manager

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