Risk Assessment & Mitigation

Every business is associated with risk but recent developments in the information technology space have introduced new concerns in confidentiality, integrity, availability and accountability at the organizational level. The risks to the business have increased immensely due to the dependence on Information assets and hence the need for Information Risk Assessment. Performing a risk assessment is a complex and often confusing endeavor but arriving at an accurate risk profile is an equally herculean and essential task. The assessment of informational risk depends upon various business related factors such as nature of the information and systems, purpose for which the information is used, environment in which the system is being used and protection provided by the controls already in place. The final objective of risk analysis is to identify the risk and subsequently manage or mitigate the threats and vulnerabilities that create the risk.

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