In an increasingly technology-dependent business environment, the number of threats and the digital assets that need protection continue to rise. Unfortunately, budgetary constraints prevent security spending from meeting the demand. That’s why risk assessments are critical.
There are a number of key benefits to performing risk assessments, including:
Informing top-level decision makers – Risk assessment reports provide directors and executives with valuable insights into current business risks and help them make informed decisions on risk mitigation.
Enabling smart allocation of resources – By knowing exactly which digital assets are the most valuable to your business and the level of risk they are subjected to, you’ll find it easier to prioritize where limited resources should go.
Supporting regulatory compliance– Some laws and regulations explicitly require companies to conduct risk assessments. The Health Insurance Portability and Accountability Act (HIPAA) and the Sarbanes-Oxley Act (SOX) are two examples. Failure to comply can result in heavy fines and significant penalties.
Streamlining security efforts– Being able to identify business-critical systems can help you direct security efforts where they’re most needed. This can increase your chances of preventing unscheduled downtimes, data leaks, or massive data breaches.
Raising risk awareness– The results of a professional risk assessment can provide you with detailed and more compelling information that employees can appreciate better than a general view of risk. This, in turn, can motivate them to cooperate with your security initiatives.
The solutions architects at ADAPTURE draw upon decades of experience providing IT solutions for various industries to offer highly professional risk assessments. We aim to understand the nuances of every business in terms of threats and vulnerabilities.
We take several elements into consideration, including your business’ needs, processes, policies, and employee security awareness. These factors enable us to perform impact and likelihood assessments, and ultimately assess risks, with better accuracy than less experienced IT firms.