The objectives of identifying, assessing and managing risk are valid for every organization.

The processes and practices they adopt will depend on their size, nature and complexity. The following recommendations reflect the state-of-the-art practices of leading companies, particularly financial institutions and utilities. Other organizations can adapt them to their own specific circumstances.

The objectives of identifying, assessing and managing risk are valid for every organization.

The processes and practices they adopt will depend on their size, nature and complexity. The following recommendations reflect the state-of-the-art practices of leading companies, particularly financial institutions and utilities. Other organizations can adapt them to their own specific circumstances.

 

Are you aware of the risks and your exposure ?

A risk assessment is a process to identify potential hazards and analyze what could happen if a hazard occurs. A business impact analysis (BIA) is the process for determining the potential impacts resulting from the interruption of time sensitive or critical business processes.

Nextrace is able to address risk assessment in the area of Identity Management and Data Security.

We can drive the customer in the identification of risks, vulnerability of assets and impacts with respect to this method schema:

Risk Identification. Conduct a review of possible risks a company might be exposed according to standard, best practices and internal brainstorming.
Asset at risk. According to the risk identified, enlist the "assets" at risk.
Impacts. Evaluate the costs and business impact of the risks and assets involved.