Cyber Risk Management

Cyber risk management is all about variable control. The more variables you can identify and understand, the better you can manage the situation. Intersec Worldwide’s strategic approach to Cyber Risk Management provides clients with an in-depth analysis of their risk exposure.

Mistakenly, cyber risk management is often thought of as a one-time process, but in reality, it should be an ongoing process. Your business environment, technology, and the world around you are always changing as new cyber threats and vulnerabilities emerge daily, if not hourly.

The only way to make the best possible decisions for your business is to be fully informed. That’s where Intersec can help.

Understanding and assessing cyber risk is one of the most important ways to improve your information security decisions. While eliminating all risk associated with your IT systems may be impossible, implementing a cyber risk management program focuses your limited resources where they can provide the greatest level of risk reduction.

Features of Intersec’s Cyber Risk Management Services

When determining the specific types of cyber risk management services required for a company, it's best to break down all of the particular risk components within the business.

Our cyber risk remediation process allows us to do a deep analysis and provide specific suggestions for every risk opportunity while still aligning with your company's larger goals.

Intersec’s cyber risk management process follows these steps:

Step 1: Cyber Risk Situational Assessment
We perform a complete situational assessment, including, but not limited to, your current security state and ultimate goals. Often, a company's goals change over time, and choices made in the interest of risk management years ago no longer apply.

Step 2: Cybersecurity System Analysis
After the situational assessment, we perform an in-depth system analysis that identifies your security needs. This risk remediation step takes a deep dive into policies, procedures, hardware, software and more. Aside from searching for security risks within each of these individual systems, this step will reveal if these systems work well together as a larger cohesive system.

Step 3: Crafting an IT Risk Management Strategy
Armed with a thorough situational and security system analysis, our cyber risk remediation experts craft the best IT risk management strategy suited to your organizational needs following the NIST cybersecurity framework. We do all this while ensuring your every compliance objective is met (such as PCI-DSS, GLBA, and HIPPA).

Step 4: Setting You Up For Risk Management Success
When it’s all said and done, we provide you with formal documentation and walk you through our findings and suggestions.

To minimize risks to your organization, we encourage all clients to complete a formal cyber risk management assessment annually.

Who is Cyber Risk Management Service Designed For?

Cyber risk management service is designed for businesses of all sizes. Many companies make the mistake of thinking their operation is too small to be noticed by cyber criminals.

According to a Cyber Defense Magazine article, 43% of cyber attacks are targeted at small businesses.

These criminals know that with mid- to small-sized businesses, money can be tight and resources are not always allocated to fund robust cyber risk management services. Unlike global businesses, if a mid- to small-sized business is hit hard enough, the business may never bounce back.

The Importance of Cyber Risk Management

There's no denying that companies rely on technology and the cloud more than ever, especially with so many of the workforce now working remotely.

According to a Security Today article, "The number of Internet connected devices is expected to increase from 31 billion in 2020 to 35 billion in 2021 and 75 billion in 2025." That's a lot of vulnerable touchpoints where cyber attackers can gain access to data they can use to exploit and even bring down your business.

Without a risk management plan, the sensitive data belonging to you, your employees, and even your clients are at risk. To avoid losing sensitive data, finances, and even your reputation as a company, you need a cyber risk remediation plan.