Sikich GRC Risk Management Services
At Sikich GRC, we understand that managing risk is crucial for the success of any organization. Our experienced risk managers work with businesses to identify potential risks and develop a comprehensive risk management program that aligns with your organization’s goals and objectives.
Our Approach to Risk
Our four-phase approach begins with controls evaluation and validation, where we evaluate the assessment scope against a subset of security requirements to identify vulnerabilities and document implemented controls that mitigate potential risks. Next, we move to risk analysis, where we evaluate vulnerabilities in terms of the risks they pose to information and systems and develop acceptable risk criteria to prioritize reasonable safeguards. In the third phase, we focus on risk treatment, providing recommendations for remediating risk to an acceptable level and providing a roadmap to establish an effective information security program. Finally, we assist with ongoing risk management, including identifying new risks to the organization and providing guidance for maintaining an effective risk management program.Our Services
- Controls Evaluation and Validation: We evaluate the security requirements for your company's information systems, networks, and data to identify vulnerabilities and document implemented controls that mitigate potential risks.
- Risk Analysis: We evaluate vulnerabilities in terms of the risks they pose to information and systems and develop acceptable risk criteria to prioritize reasonable safeguards.
- Risk Treatment: We provide recommendations for remediating risk to an acceptable level and provide a roadmap to establish an effective information security program.
- Ongoing Risk Management: We assist with identifying new risks to the organization and provide guidance for maintaining an effective risk management program.
Phase 1 - Risk Identification
During this phase, we evaluate and validate controls to identify vulnerabilities in the information systems, networks, and data of your organization. We document implemented controls that mitigate the potential risks related to identified vulnerabilities, provide a preliminary scoring for levels of compliance, and an external vulnerability scan report.
PHASE 2 – RISK ANALYSIS
In this phase, we evaluate vulnerabilities in terms of the risks they pose to information and systems in scope for the engagement. We develop acceptable risk criteria, assess the likelihoods and impacts of potential threats, and create a formal risk register. At the close of this phase, we provide an executive summary presentation and a detailed risk register that includes a templated Plan of Action and Milestones (POAM).
PHASE 3 – RISK TREATMENT
In this phase, we populate the initial POAM for your organization and provide recommendations for remediating risk to an acceptable level. The output of this phase will provide your organization with a roadmap to establish an effective information security program or fulfill contractual obligations.
PHASE 4 – RISK MANAGEMENT
In this phase, we assist your organization in managing its program and identifying new risks. We establish scheduled counseling sessions to provide oversight with risk management activities and identify ongoing risk register procedures and POAM oversight functions that will help your organization maintain compliance and improve security over time. We provide guidance for the ongoing operation of a formal risk management program that includes reviewing the POAM status, identifying and documenting new risk to the organization, performing ongoing information security program assurance checkpoints, providing risk register updates, providing industry compliance and security insights, and developing reports for upper management and the ISMG.
Quick Path
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Case Study
DELTA SYSTEMS
Delta Systems is a manufacturer and supplier of components for the outdoor power equipment industry. Among Delta Systems’ largest customers are some Fortune 500 companies. Delta Systems knew they needed Office 365 for the company, but they weren’t sure where to begin. They relied upon our resources and our expertise for a successful implementation. Since then, they are still going strong with continued Office 365 support.
Why Choose Sikich GRC?
Our risk management services are tailored to meet your organization’s unique needs. Our team of experienced risk managers has a deep understanding of the regulatory and compliance landscape and provides valuable insights into industry best practices. Our risk management services help organizations:
- Protect sensitive data
- Meet regulatory requirements
- Improve operational efficiency
- Strengthen the overall security posture of the organization
- Increase stakeholder confidence
At Sikich GRC, we are committed to delivering high-quality risk management services that enable your organization to mitigate risk effectively. Contact us today to learn more about how our risk management services can help your organization succeed.
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