Risk Assessment

Every organization understands security is vital to safeguarding the information, system and facilities that are fundamental to daily operations and the future success of the business. However, it's not always as clear where security dollars should be invested and what controls are most appropriate, or required, for the business.

Halock believes a core tenet of the Purpose Driven Security philosophy is for organizations to conduct a true Risk Assessment in order to quantify its security efforts. Risks will always vary by situation and Halock's approach ensures security investment is directed in areas with the greatest return.

The term Risk Assessment has the potential to be defined differently from organization to organization. The Governance and Strategy team at Halock defines a true Risk Assessment as a systematic approach to enumerate and value assets, identify threats and vulnerabilities associated with those assets, and to properly estimate and analyze risk to develop a risk treatment plan. This risk assessment must incorporate a wide variety of external considerations including the existence or lack of existing security controls, legislative and regulatory requirements and the organizations overall appetite for risk.

Executed correctly, a Risk Assessment Report gives your organization a clear roadmap for implementing the security controls most valuable to your organization. That's why we call it Purpose Driven Security!