Conduct a Cyber Risk Assessment

Assess your cybersecurity practices based on regulatory requirements, industry frameworks and risks specific to your business.

Why a Risk Assessment

Regular cybersecurity risk assessments are imperative to assure regulators, investors, and board members that your firm is protecting and managing confidential data correctly and prudently. Drawbridge will help you assess cybersecurity risk, evaluate technology and operational controls, and measure program progress over time through risk and vulnerability remediation.

According to NIST, risk assessments are used to identify, estimate, and prioritize risk to organizational operations (e.g., mission, functions, image, and reputation), organizational assets, individuals, and other organizations resulting from the operation and use of information systems.

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Document Your Risks

The purpose of a cyber risk assessment is to help management make informed decisions about security. The way to do that is to identify the following:

Relevant threats to the organization

Technology risks to the organization

Control risks to the organization

Gaps in the organization’s cybersecurity program

Impact of a security incident

Roadmap to meeting industry frameworks, cyber regulations, and best practices

Reasons to Perform a Cyber Risk Assessment

It is important to understand why you need a comprehensive risk assessment plan in order to implement a successful risk assessment policy.

Reduce Long-Term Costs

Reduce long-term costs by preventing potential security incidents.

Create Essential Awareness

Create greater awareness around your technology and security program.

Avoid Breaches and Incidents

Avoid breaches and other security incidents by determining your risks ahead of time and creating a plan to close those gaps.

Meet Compliance Requirements

Understand and implement key compliance requirements to stay in business.

Meet Insurance Requirements

Insurance requirements have changed dramatically in recent years. Meet those requirements easily and efficiently with DrawbridgeConnect.

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