Risk Management Service

IT risks can create threats to your information technology, data, critical systems and business processes. They have become a very regular and an integral part of running any business organization as it helps in increasing network security, reducing management costs and achieving greater compliance posture regardless of what the business is. If your company fails to identify IT risks that surround your organisation, you are vulnerable to some serious security breaches and financial losses. Considerable amount of investments are made by companies in terms of people, in terms of processes and technologies, in terms of finding a solution to a common problem like identifying a repeatable process, in terms of assessing and remediating IT risks that does not interfere with their business activities and also in terms of running the business smoothly.

We at ClusterBrains follow a step by step detailed procedure that manages the IT risks of our client’s organisation effectively and efficiently.

Step I: Identification of your IT assets

This step includes classification of IT assets and narrowing down to servers that hold sensitive and confidential information by understanding core issues that concern stakeholders. The risks that need to be considered are: disturbing Data confidentiality, mishandling confidential information; putting data integrity at risk, making underlying data unreliable because of it being incomplete, making simple human error; signifying risks, blocking required information from reaching right hands; taking responsibility of risks that come along with Projects, taking the risk of making the project and receiving expected returns.

Step II: Assess

After identification of risks, controls can be assigned to them for mitigation of IT risks to acceptable levels. Management of growing data points through proper use of automation which typically focuses on gathering controls data for audit support resulting in the ability to assess the environment and has two key advantages: finding issues before they can escalate into full blown projects and enabling you to know where the trouble spots are before the auditors arrive.

Step III: Remediate the risks

To execute this step effectively an IT company needs to take the traditional business approach and demonstrate how remediation activities will effectively impact organisation’s IT risk posture hence giving value for everything spent on it. ClusterBrains understands the importance of funds in any organization. Thereby it delivers results that show how spending on IT security improves organisation’s compliance and security posture.

Step IV: Manage

IT risk management is a process that has to be repeated and managed well. For this the first task is to know your numbers by gathering an automated fashion, the second task is to effectively measure these numbers and then communicate the same numbers to business. This builds a solid base and gives credibility to your organization and also helps you spread awareness amongst stakeholders and stops you from selling products that customers are fearful of.