Business Impact Analysis

There is no sense of measuring or understanding risk if you don't have an understanding of the business impact from that risk. VerSprite begins its risk assessment efforts across an enterprise by leveraging business impact analysis efforts or conducting them in order to measure the business impact derived from technical or operational shortcomings. Armed with diverse technical and operational experience across multiple industry segments, VerSprite consultants are able to identify where and how likely attacks and vulnerabilities are translated into actual business impact. From this, risk assessments receive a boost of substance and business context from VerSprite's approach to to Risk Management and correlation to risk frameworks.

Risk Assessments

RISK correlates to a positive or negative value of the results of the probability of one or more future event by the impact of one or more future event actually occurring. A single identified risk can be expressed using a very traditional formula consisting of the following: Risk = (Probability of event occurring) x (impact of event occurring) x (threat of event to take place). VerSprite beyond this formula and addresses the real question of calculating residual risk, which places the same fomula over a divisor of countermeasures or controls that an organization has. This requires VerSprite to measure the effectiveness and maturity of those controls in order to see the degree to which risk is mitigated.

Do you know your risk exposure levels across your organization at this level? In order to measure risk, a sustainable and repeatable process has to be in place. For many organizations, they neither have the time or resources in order to achieve this. VerSprite provides managed risk assessment services aimed at discovering, evaluating, and communicating risk in a tailored format that exceeds simple common end-goal deliverables. Just some of the various efforts that VerSprite performs in relation to proper risk management includes the following:

Vendor Risk Management

Outsourcing continues to push many business operations and technology efforts to outside firms, both domestically and internationally. VerSprite has the expertise to understand that vendor risk encompasses many different layers, including operational, technology, security, compliance, and legal risk. Coupled with cultural and communication challenges, vendor risk management continues to prove challenging for many of the world's largest organizations. Confide in our vendor risk program to assess your key vendors based upon business impact values and well defined control frameworks. Above and beyond risk identification is our remediation efforts to help reduce risk gaps.

Hybrid Risk Assessment

VerSprite's Hybrid Assessment program fuses security risk management with business strategy and objectives. At last, a firm that understands that every overarching security campaign should seek to support the ongoing health and success of organization objectives. From this principal, we have developed a unique flavor of assessments built on securing the enterprise and creating value. VerSprite's Hybrid Assessment Methodology receives as input multiple control baselines from various parts of a client organization in order to derive an image of risk that is transferable across many different roles and responsibilities (legal, procurement, compliance, information security, etc).

Download our intro to Hybrid Risk Assessment Methodology for some additional background on our pioneering efforts in this type of business centric form of security risk management. A copy can be downloaded here here.

Remediation Management

Regardless of the diligence employed during risk assessment efforts, no risk management program is complete without a strong remediation program to address risk issues. Remediation is the weakest link in most of today's security organizations. Don't run out of steam in addressing risk. Get the extra guidance and boost needed to drive remediation efforts with VerSprite's team of consultants.