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The Risk Management Imperative and Perspective Print

Risks are constantly changing for organizations based on various factors and hence the need for proper management to maintain and increase competitive edge. To keep up with the competition, organizations must design and create a safe environment in which business processes and procedures can function effectively and efficiently.

 


This environment must maintain confidentiality and privacy and assure the integrity of organizational and customers’ data. These objectives are met through the application of the principles of risk management.


Assessing and understanding the risks for your own organization helps to establish appropriate risk management. In turn, this will ensure appropriate incident management and recovery when information security is compromised. In addition, organizations should have:

 

  • A programmatic approach to Policy and Standards, including an Information Security Policy, supported by realistic and workable processes and procedures
  • A well-informed, well-trained workforce
  • Appropriate levels of vigilance

 

WCS risk management service uses industry best practices and methodologies such as OCTAVE, NIST, and MEHARI. These methodologies provide a comprehensive view of an organization risk and exposure level. WCS obtains intimate detail from the organization for proper identification, assessment and classification of organizational risks. Prudent countermeasures for review and implementation based on organization goals and objectives are recommended.

 

Comments  

 
0 # 2010-10-13 12:29
The methods you propose for risk mitigation are well detailed. :)
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0 # 2010-10-13 12:30
good stuff
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