Why do you need Security Risk Analysis?
Lots of reasons. Like to identity risks, to comply with HIPAA, because it’s the smart thing to do. And if you want an industry certification, an SRA needs to be SOP.
Security Risk Analysis
4 Reasons you need a Security Risk Analysis (SRA)
Besides simply being good business sense, the SRA is the underpinning of every client engagement we conduct. If you don’t know where your risk is, you can’t fix it. The Security Risk Analysis is:
- Crucial to the foundation of your Information Security Management program
- Required under the HIPAA Security Rule
- Essential if you’re going for HITRUST, ISO or SOC 2 certification
- Necessary to close the gaps in information security practices
Remember, no matter how awesome your technology or your new CSO is, security risks never disappear.
Security Risk Analysis activities entail:
- Prioritized asset inventory review
- Threat and vulnerability identification
- Existing security control evaluation
- Likelihood and impact assessment
With our Security Risk Analysis Services, you:
- Develop a detailed understanding of the risks to the confidentiality, integrity, and availability of information
- Reduce the risk of non-compliance
- Meet MACRA requirements
- Test security protocol strengths
Cornerstone of Compliance
If compliance is important to you – and your clients – then conduct a Security Risk Analysis. With how fast technology changes and how often the typical company’s workforce turns over, we recommend a comprehensive SRA every 12 to 18 months.
The Risk Analysis is also the cornerstone of your ability to comply with privacy, security, and data breach notification regulations under ISO and HIPAA. Once completed, we give you a Risk Management Plan. You’ll have a plan, and our help to implement it.
Our risk analysis methods apply across industries and sectors. Once your risk analysis is done, we classify each risk as high, medium or low. We’ve provided Simplified Risk Analysis guidelines here.