A risk assessment enables you to identify, analyse and evaluate your organisation’s risk. By identifying gaps between people, processes and technology, you can minimise and prepare for potential threats.
Risk assessments are central to many standards, including ISO 27001, the international standard that describes best practice for an information security management system (ISMS). ISO 27001 requires an organisation’s ISMS to be continually reviewed, updated and improved to ensure it is able to evolve with the changing threat environment.
Carrying out risk assessments can be a complicated and time-consuming task, and the assessment needs to facilitate reports and analysis.
Spreadsheets are frequently used for risk assessments, but they can be challenging to set up and maintain and are prone to user input errors. If your organisation does not carry out reliable risk assessments, it could easily underestimate and neglect risks that could be severely damaging.
Risk assessment software diminishes the need for spreadsheets, and can ensure assessments are produced with accuracy and ease.
vsRisk™ can help your organisation save time, effort and expense. This tool enables you to automate your information security risk assessments, saving 80% of your time and cutting consultancy costs.
With a fast setup process, users are able to set their risk acceptance criteria and adjust the scales to measure the probability and impact of a risk. The user will be taken through the simple risk assessment process by the risk assessment wizard. Risks are identified by selecting assets, threats and vulnerabilities, and controls can be applied to reduce risk to an acceptable level.
Ideal for organisations of all sizes, vsRisk can help you ensure you cyber security controls are appropriate to the risk your organisation faces, helping you to create effective risk assessments. The software includes control sets from ISO 27001, the PCI DSS and Cyber Essentials.