Managing IT risk is core to managing an organization. Understanding IT systems and their associated risk can help you reduce the cost of compliance, increase network security, protect information assets and achieve greater compliance. Organizations that do not recognize Risk Management as a key program are setting themselves up for serious security breaches, financial losses and possibly compliance fines.

In order to focus limited resources to achieve the broadest impact at the least cost to the organization, you need to know what the areas of concern, threats, vulnerabilities and risks (threat + impact) are.

A successful, sustainable and repeatable Risk Management program has the following elements, does your organization?

  • Utilizes the same risk management tools and common terminology.
  • Receives risk management training and support from top management.
  • Integrates the business, IT, Information and human Assets into the risk assessment process.
  • Meets compliance requirements.
  • Incorporates existing controls and planned controls to result in a valuable Residual Risk rating.
  • Build the risk management process in the system development life cycle.
  • Develop project to monitor risks and mitigation strategies.
  • “How close am I to PCI, SOX or HIPAA compliance?
  • Am I ready for a SAS 70?
  • Am I in compliance with NIST or PCI requirements?
  • If not, what steps do I need to take to meet my goal?

Our specific assessment offerings include:

  • GRC Assessments – how integrated are your controls with your multiple compliance frameworks? Is there duplicate audit work and controls being performed?
  • Internal Control Assessments – reviewing the mix of manual vs. automated and preventative vs. detectives controls.
  • PCI Assessments
  • Risk Assessments
  • Independent Validation & Verification
  • Outsourced IT audit
  • Virtual Compliance Officer (VCO)

If you don’t know the answer, can’t answer or don’t like your answer to the above questions, GRC Consulting Services can assist your organization in understanding your current Risk environment, Risk Management Program, then map out a cost effective solutions that will mature your practices.