COMPREHENSIVE RISK ASSESSMENT
When you embark on any wellness journey, it helps to have a thorough understanding of where you are at the beginning—a baseline to tell you where you are already strong, and where you have room for improvement.
Designed Privacy’s CAIBER-RISK™ Cyber-Security Risk Assessment does just that.
CAIBER-RISK™ establishes a framework that helps you make cyber security decisions that relate directly to your current mission, strategy and business practices.
Why Do You Need a Cyber Risk Assessment?
- It May Be Required: Regulations such as HIPPA, Gramm-Leach-Bliley, NY Department of Financial Services are requiring Risk Assessments on an annual or bi-annual basis.
- It provides the basis for your security policy: CAIBER-RISK™ focuses on the cyber-risks inherent to your business so that you design a security program specifically for you and what you need to protect.
- It provides the basis for determining how much to spend on cyber-security. CAIBER-RISK™ quantifies the risks your organization has in the one term we all understand: dollars. That helps you determine how much risk you are willing to accept, how much you are willing to spend to protect your assets and how much insurance you should purchase.
Breaking Down CAIBER-RISK™
CAIBER-RISK™ is the foundation of our annual Digital Wellness Program — We do a thorough work-up on your business and present you with not only findings, but with recommendations that fit your own risk profile.
- Measure your security posture against best practices: Our assessment measures your security controls against the Center for Internet Security CIS 7.1 Control Framework – an industry leading standard for effective cybersecurity controls.
- Evaluate your risk against major threats such as: phishing, malware, ransomware, web attacks, web application attacks, accidental disclosure, malicious insider and lost and stolen devices.
- Likelihood and Impact defined by industry experts and sources: We evaluate your risks by our own panel of cyber security experts as well as
respected industry sources such as Verizon, and the European Union Agency for Cybersecurity (ENISA).
4. The Cost of Risk: using Monte-Carlo analysis, we provide you with a loss curve of the probabilities your organization has of incurring a cybersecurity related loss.
5. Gap Analysis and Recommendations: we specify the security gaps your organization has and recommend steps your organization may wish to consider in order to mitigate or transfer risk.