A comprehensive risk management approach provides the ability to identify, assess, respond to, and monitor cyber security-related risks and provide organizations with the information to make ongoing risk-based decisions. Examples of cyber security risk management processes include the International Organization for Standardization (ISO) 31000, ISO 27005, NIST Special Publication (SP) 800-39 and the Electricity Sector Cybersecurity Risk Management Process (RMP) Guideline.
IT risk is a component of the overall risk universe of the enterprise which includes strategic risk, financial risk, environmental risk, operational risk, legal and compliance risk, and information technology risk.
eInnosec experienced that many times company executive informed us that they are aware of the overall risk areas at high level, and need help in identifying the critical ones and prioritizing them. EInnotech developed simplified and integrated risk management approach which focuses on IT operational risk management, IT process risk management, and IT technical risk management.
eInnosec approach is flexible and simplified based on management priorities and to fit the budget. The scalable approach adopts different risk assessment methodologies includes ISO, NIST, etc. and frameworks includes RISK IT, OCTAVE, FAIR, RMF, and TARA as corporates continue to expand budgets. The approach supports both qualitative and quantitative aspects along with technical and non-technical frameworks (frameworks are detailed in Information Technology Framework implementation page).