Cyber Risk Assessment Services
Security Risk Assessment
Identify, quantify, and prioritize security risks across your organization. Data-driven assessments that translate technical vulnerabilities into business impact.
Services
Risk Assessment Services
Security Posture Assessment
Comprehensive evaluation of your current security controls, policies, and procedures against industry best practices and your specific threat landscape.
Quantitative Risk Analysis
Data-driven risk quantification using FAIR methodology - translate technical risks into financial impact to prioritize investments and communicate to leadership.
Third-Party Risk Assessment
Evaluate vendor and supply chain security risks - questionnaire development, response analysis, continuous monitoring, and risk scoring frameworks.
Gap Analysis & Benchmarking
Measure your security maturity against NIST CSF, CIS Controls, and industry peers. Identify gaps and build a prioritized remediation roadmap.
Threat Modeling
Systematic identification of threats to your applications and infrastructure using STRIDE, PASTA, and attack tree methodologies with actionable mitigations.
Risk Register Development
Build and maintain a living risk register - risk identification, categorization, ownership assignment, treatment plans, and ongoing tracking.
What We Do
What a Security Risk Assessment Actually Involves
A security risk assessment is a structured process for identifying threats to your information assets, evaluating the likelihood and potential impact of those threats materializing, and prioritizing the controls and remediation actions that reduce the most risk per unit of effort and cost. It is the foundation that connects your threat landscape to your security investment decisions. Without it, security spending is driven by vendor recommendations, compliance checklists, and incidents rather than by a clear picture of where your actual risk is concentrated.
The methodology matters as much as the output. Qualitative risk assessments score threats on likelihood and impact scales, which is useful for internal prioritization and compliance documentation. Quantitative risk assessments translate those scores into financial terms using frameworks like FAIR, which enables direct comparison of risk reduction against control cost and supports the kind of board-level risk communication that drives security investment decisions. We apply the methodology that fits your organization's maturity, the compliance requirements driving the assessment, and the audience who will act on the findings.
Infrastructure verification is part of every risk assessment we conduct. Threat modeling and gap analysis produce findings grounded in what your environment actually does. We pull IAM policies, review cloud architecture, examine logging configuration, and assess network topology to ensure that identified risks reflect real exposures rather than hypothetical scenarios. Third-party risk assessment covers the vendor relationships that extend your attack surface beyond your own infrastructure, including supply chain dependencies that are often the highest-impact and least-examined risk category in cloud-native environments.
Deliverables
What You'll Receive
Frameworks and Compliance
Risk Assessment Across Compliance Frameworks and Industries
HIPAA Risk Analysis
The HIPAA Security Rule requires covered entities and business associates to conduct an accurate and thorough assessment of the potential risks and vulnerabilities to the confidentiality, integrity, and availability of electronic PHI. This is not optional and not satisfied by a general security assessment: it must specifically address your ePHI, your systems, and your specific threat environment. OCR enforcement actions regularly cite inadequate risk analysis as a primary finding. We conduct HIPAA-specific risk assessments that document threats to PHI across your cloud infrastructure, application stack, and business processes, producing findings and risk scoring that satisfy OCR's documented expectations for a compliant risk analysis.
ISO 27001 and NIST CSF
ISO 27001 requires a formal information security risk assessment as a mandatory component of the ISMS, with documented methodology, risk criteria, and a risk treatment plan that feeds directly into the Statement of Applicability. NIST CSF 2.0 uses the Govern and Identify functions to establish risk context and assess organizational risk across the five framework functions. We conduct risk assessments aligned to the specific methodology each standard requires, producing documentation that satisfies the framework's risk management requirements and connects directly to the control selection and implementation decisions that follow.
Cloud and Supply Chain Risk
Cloud-native organizations face a risk landscape that differs meaningfully from traditional on-premises environments. Misconfiguration is the leading cause of cloud data exposure, not external attack. Supply chain risk in cloud environments includes third-party SaaS tools with access to sensitive data, open-source dependencies with undetected vulnerabilities, and CI/CD pipeline integrations that can introduce malicious code into production. We assess cloud-specific risks including IAM configuration, storage exposure, inter-service trust relationships, and the vendor and dependency risk introduced by your technology stack rather than applying a generic risk framework designed for on-premises infrastructure.
FAQ
Common Questions About Security Risk Assessment
What is a security risk assessment and why do organizations need one?
A security risk assessment identifies the threats facing your information assets, evaluates the likelihood and impact of each threat, and produces a prioritized view of where your security investment and remediation effort should be directed. Organizations need one because security spending without a risk foundation defaults to vendor recommendations and compliance checklists rather than actual threat reduction. A risk assessment answers the question auditors, investors, and board members increasingly ask: not just what controls you have, but what risks you have accepted, what risks you have treated, and how you made those decisions. It also satisfies specific framework requirements under HIPAA, ISO 27001, NIST CSF, and FedRAMP that mandate formal risk assessment as a program component.
What is the difference between qualitative and quantitative risk assessment?
Qualitative risk assessment scores threats on descriptive likelihood and impact scales, producing a risk matrix that prioritizes findings by relative severity. It is faster to conduct, easier to communicate across technical and non-technical audiences, and sufficient for most compliance framework requirements. Quantitative risk assessment translates those scores into financial terms using methodologies like FAIR, expressing risk as a range of probable annual loss. Quantitative assessment enables direct comparison of risk reduction against control cost and supports investment decisions that need to be justified in financial rather than technical terms. Most organizations benefit from qualitative assessment first, with quantitative methods applied to the highest-priority risks where the investment decision requires financial justification.
What is threat modeling and how does it fit into a risk assessment?
Threat modeling is a structured process for identifying the specific threats relevant to a particular system or application given its architecture, data flows, trust boundaries, and the attacker profiles most likely to target it. Where a risk assessment operates at the organizational level, threat modeling operates at the system or application level. The two are complementary: a risk assessment tells you which systems represent the highest risk to your organization, and threat modeling tells you exactly how those systems could be attacked and what controls would be most effective. We use STRIDE and PASTA methodologies depending on the system type and the maturity of the engineering team involved in the exercise.
How does a security risk assessment satisfy the HIPAA risk analysis requirement?
The HIPAA Security Rule at 45 CFR 164.308(a)(1) requires covered entities and business associates to implement policies and procedures to prevent, detect, contain, and correct security violations, including conducting an accurate and thorough assessment of the potential risks and vulnerabilities to the confidentiality, integrity, and availability of ePHI. OCR has published guidance specifying that a compliant risk analysis must identify the scope of ePHI, identify threats and vulnerabilities, assess current security measures, determine the likelihood of threat occurrence, and determine the potential impact. Our HIPAA risk assessments follow this structure explicitly, documenting each element OCR expects to find during investigation or audit, and producing a risk register and remediation roadmap that demonstrates an ongoing risk management process rather than a one-time exercise.
How often should a security risk assessment be conducted?
HIPAA requires risk analysis to be an ongoing process rather than a point-in-time exercise, with reassessment triggered by environmental or operational changes that affect the risk landscape. ISO 27001 requires risk assessments at planned intervals and when significant changes occur. NIST CSF treats risk assessment as a continuous management function. As a practical baseline, a full risk assessment should be conducted annually, with targeted reassessments triggered by significant events: major cloud architecture changes, new product launches, acquisitions, new third-party integrations with access to sensitive data, and security incidents that reveal threats not previously assessed. The risk register should be a living document updated continuously rather than a deliverable produced for a compliance audit and filed away until the next one.
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