Security Risk Management

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Security Risk Management

The main challenge of security is its sheer complexity.

The world of security is dynamic and ever-changing, influenced by factors ranging from geopolitical shifts to technological innovations. Managing the widening scope of security is the main focus of our support, which is embedded in Security Risk Management.

We are committed to providing you with a solid framework for security, embedding it in all relevant levels of your organisation. We believe that the interconnectivity between these levels is of vital importance.

Theory of Risk

To get a grip on security, you must understand the theory of risk. Because only after you understand how security risk works, you will able to manage the risks they pose to your company. In general, risks consist of three factors: probability, impact and vulnerability.

 

PROBABILITY

The probability of security risks occurring is defined by your organisation’s profile as well as your footprint in challenging environments. High-profile or high-value work increases security risks, as well as your exposure in regions with a higher security risk level. Although an organisation might be able to correct or mitigate some of these risk factors, some security risks are unavoidable: you cannot simply pick up your production line and move it away.

IMPACT

The impact of risk differs strongly between an individual and your organisation as a whole. Compare for example a robbery with an information leak. Normally, a robbery will have a higher impact on an individual staff member than on your organisation, whereas the opposite is true for an information leak.

VULNERABILITY

Completing the equation is vulnerability. This is the crucial indicator through which you can exercise influence on your risk level. If you are able to increase the resilience against security factors affecting your organisation, properly preparing your staff and implementing adequate security processes, the vulnerability of your organisation can be significantly decreased. This results in a (much) lower residual security risk.

Security Risk Domains

Travel Safety

The safety of your travelers deserves your attention.

Information Security

There is more to information security than just IT.

Business Environment

You should start mapping and navigating ecosystems.

Physical Security

Have you already considered security by design?