Cyber Risk Assessment Services
Detecting and Preventing Potential Cybersecurity Threats
ScienceSoft brings 20 years in IT security to protect businesses against modern cyber threats. Following NIST SP 800-37, ISO 27005, and ISO 31000 guidelines, our team helps enterprises and software vendors understand and manage their cyber risks.
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Cybersecurity risk assessment services help analyze corporate IT assets to identify potential cyber threats, detect vulnerabilities, evaluate the likelihood and impact of their exploitation. The findings serve to define and prioritize the remediation activities needed to secure the IT environment.
Cyber Threats We Help Prevent
Viruses, worms, and trojans
Ransomware
DoS attacks
Phishing
Code injections
Man-in-the-middle attacks
Spyware and keyloggers
Advanced persistent threats
Identity theft
Unauthorized access
Insider attacks
Compliance breaches
Sometimes, the words “cyber risk” and “cyber threat” are mistakenly used as synonyms. In fact, a cyber threat is a security incident that may occur due to a vulnerability within the IT environment: e.g., a successful social engineering attack or unintentional data exposure due to poor security awareness of the employees. Cyber risk is the potential adverse impact a cybersecurity incident may have on a company, such as financial and reputational losses, lawsuits, etc. Cyber threat assessment is an integral part of cybersecurity risk assessment and management.
Cybersecurity Risk Assessment Steps
1
Defining the risk assessment scope
Before we launch the assessment process, we:
- Analyze a company's business specifics and IT infrastructure.
- Identify applicable mandatory and voluntary standards and regulations to comply with (e.g., HIPAA, GDPR, PCI DSS, ISO 27001, etc.).
2
Inventorying and prioritizing IT assets
Cyber risk assessment targets include:
- IT policies and processes: access control, acceptable use, vulnerability management, compliance management, etc.
- Software: operating systems, applications, development tools, etc.
- Hardware: workstations, servers, IoT devices, etc.
- Data assets.
- Employees operating within the company’s IT infrastructure.
3
Identifying potential cyber threats
We consider possible threat sources and events.
- Malicious actors launching cyber attacks: malware, social engineering, DDoS, APTs, etc.
- Employees causing unintentional security breaches due to negligence or low security awareness.
- Hardware/software failures and data loss due to software bugs, power outages, etc.
4
Identifying vulnerabilities
Depending on the customer’s needs, we:
- Analyze the gaps in IT security policies and procedures.
- Interview the employees to check their security awareness and adherence to the established IT policies.
- Use social engineering to test the employees’ susceptibility to phishing.
- Perform security testing of software and IT infrastructure: vulnerability assessment, penetration testing, software source code review.
5
Analyzing the existing IT security measures
We review:
- Security management documents and processes.
- Prevention and monitoring solutions: firewalls, IPS, SIEM, etc.
6
Defining the vulnerabilities' severity and prioritizing risks
We assess:
- The likelihood of a vulnerability being exploited.
- The potential impact of the vulnerability exploitation.
- The risk priority and remediation costs.
7
Risk remediation
We help minimize the detected risks by:
- Designing optimal corrective measures to fix the security gaps.
- Defining the order of remediation steps according to their criticality.
- Performing the needed remediation activities (if required): developing missing IT policies, establishing security training process, setting up the missing security tools, fixing software vulnerabilities, etc.
For comprehensive and consistent cybersecurity risk management, we recommend our customers to stick to such authoritative sources as NIST Cybersecurity Framework or ISO 27001. Our seasoned IT security consultants are always happy to share their expertise and help integrate optimal cyber risk management practices into your security program.
Deliverables You Get Upon Cyber Risk Assessment Services
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As the main deliverable of cybersecurity risk assessment services, we provide a comprehensive report describing the assets under risk, the existing vulnerabilities prioritized by their severity, and remediation recommendations. Depending on our customers’ specific needs and the IT infrastructure complexity, we can also provide:
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Why Entrust Your Cyber Risk Assessment to ScienceSoft
Vast experience
- Since 2003, in cybersecurity,
- A solid portfolio of cybersecurity projects for BFSI, Healthcare, Retail, Manufacturing, Telecoms, SaaS, and other industries.
- Profound knowledge of security standards and regulations: HIPAA, PCI DSS, GDPR, SOC 2, FISMA, SOX, GLBA, NYDFS, and more.
- Recognized among the Top Penetration Testing Companies by Clutch.
Proficiency in advanced techs and complex IT infrastructures
- 34 years in AI/ML.
- 11 years in cloud services; a Microsoft Solutions Partner, an AWS Select Tier Services Partner.
- 12 years in IoT.
- Hands-on experience with blockchain and AR/VR.
Dedication to quality
- A mature quality management system backed by ISO 9001 certification that guarantees the tangible value of our services, predictable results, and cost optimization that doesn’t happen at the expense of quality.
- ISO 27001-certified security management based on field-tested knowledge and comprehensive policies.
Our customers in cybersecurity
Cyber Risk Assessment Tools
To provide a 360-degree view of the existing vulnerabilities and potential threats, ScienceSoft’s team relies on a variety of security testing and monitoring tools, such as:
- Network mapping tools: e.g., Nmap, Zenmap.
- Vulnerability scanners: Nessus, Nikto, Acunetix, OWASP ZAP, and more.
- Penetration testing tools: Burp Suite, Metasploit, Dirb, Wfuzz, w3af, and more.
- Threat intelligence tools: Maltego, Recon-ng, Shodan, HIBP, RocketReach, and more.
- Social engineering tools: e.g., GoPhish.
- SIEM systems: e.g., IBM Security QRadar SIEM
Cyber Risk Assessment Tools
To provide a 360-degree view of the existing vulnerabilities and potential threats, ScienceSoft’s team relies on a variety of security testing and monitoring tools, such as:
Frequent Questions About Cyber Risk Assessment, Answered
How often should an enterprise perform risk assessment in cybersecurity?
Companies should undergo cyber risk assessment at regular intervals at least once in 2 years. However, depending on the size of your company and its business activity, it may be necessary to evaluate your cyber risks every 6 or 12 months.
How can we be sure that a third-party vendor will understand our business specifics and identify all, including the least obvious, IT threats targeting our company?
For decades, ScienceSoft has provided IT services to companies in different domains, including the high-risk ones: healthcare IT, banking and finance, energy, manufacturing, retail, etc. For each specific project, we appoint specialists with relevant industry expertise. Plus, we combine various assessment techniques to get a full view of vulnerabilities and potential threats a company is exposed to.
What is the difference between cyber security risk assessment and vulnerability assessment?
Cyber risk assessment analyses the likelihood and impact of IT security threats a company may face due to its business and IT environment specifics. An integral part of comprehensive risk assessment, vulnerability assessment identifies technical security weaknesses that expose the company’s IT assets to cyber threats.
How does cybersecurity risk management differ from cyber risk assessment?
Cyber risk assessment is the initial phase of risk management. After the risks are identified and prioritized, the next step is to define and implement the necessary risk mitigation measures: e.g., access control policies, network monitoring tools, etc. At ScienceSoft, we not only evaluate but also help manage enterprise cyber risks. Our competent team of information security consultants and engineers, and software developers is ready to implement any required security controls to keep cyber threats away.
Choose Your Service Option
Targeted cyber risk assessment
- Risk analysis of the predefined targets (high-priority IT assets, newly built or significantly modified IT infrastructure, recently established IT processes) to detect vulnerabilities and identify potential threats.
- Providing risk mitigation recommendations.
All-around cyber risk assessment
- Comprehensive analysis of your business specifics, IT policies, processes, and IT environment.
- Identifying existing security risks and prioritizing them by their criticality.
- Providing a detailed risk mitigation plan.
Cyber risk assessment and mitigation
- Performing targeted or all-around risk analysis of your IT assets.
- Developing a comprehensive risk mitigation plan to remediate the discovered vulnerabilities.
- Mitigating the detected risks in accordance with their severity.
Knowing Your Cyber Risks: Alert Today, Secure Tomorrow
Cyber security risk assessment by ScienceSoft will enable you to:
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Get an efficient cyber risk management strategy tailored to your company’s processes and needs. |
Eliminate industry-specific security gaps that may go unnoticed. |
Facilitate your compliance with security standards. |
