Enterprise Risk Management

ERM begins by assessing your network or application infrastructure’s “weakest links,” as well as other possible venues of attack. It provides a framework for risk management for ramifications of each compromise by attempting to escalate privileges on the entry points and reveal attack paths across multiple infrastructure layers.

ERM assesses organization’s objectives (risks and opportunities), in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders.

Risk management plans the corrective action to take in order to minimize the effects of risk on an organiza tion’s capital and earnings.

Frameworks

ERM frameworks describe an approach for identifying, analysing, responding to, and monitoring risks and opportunities, within the internal and external environment facing the enterprise.

Avoidance: exiting the activities giving rise to risk
Reduction: taking action to reduce the likelihood or impact
Alternative Actions: considering other feasible steps
Share or Insure: transferring or sharing a portion of the risk
Accept: no action is taken due to cost/benefit analysis

To deliver value, an effective ERM framework must understand the types of risks faced by the organization and address them accordingly.

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Services

Identify and assess internal and external risks
Apply appropriate methods to estimate likelihood and uncertainty
Offer alternative solutions to reduce risk
Establish policies, procedures, systems, and accountability structures for risk management
Estimate the effectiveness of risk reduction solutions
Provide insights for decisions and define mitigation plans

Deliverables

Prompt resolution of identified risks
Simplified and effective strategy support
Ensure risk responses and control activities are executed consistently across the organization
Establish clear communication channels about risks, roles, and expected behavior
Regular assessments, reviews, and audits to ensure control and prevention effectiveness

Benefits

Establish proactive risk assessment processes
Enable effective risk response and controls
Support better decisions through structured risk awareness
Respond efficiently to future uncertainties and threats
Create value via innovation and purposeful execution