IT Risk Management

IT risk management allows an organization to identify possible risks, reduce or mitigate those risks, allow for better decision making in regards to all risks, and strategize a plan. Effective IT risk management ensures that high priority risks are aggressively and cost-effectively managed and that management at all levels is armed with the information required to make informed business- critical decisions.

IT Risk: Management, Governance, Policy & Procedures

IT risk management policy explains the principles that the organization will follow for managing its risks related to its information technology. The policy outlines the processes for managing risks and indicates who is responsible for the different aspects of IT risk management in the organization. Based on international standards such as ISO 31000, regulatory requirements such as BASELII, and best industry practices, we assist organizations in developing and implementing their IT risk management policy.

IT Risk Assessment

Following industry standards, such as CobiT, while using our unique tools and methodologies, we analyze the risks related to each IT system based on their business use and their unique characteristics. Based on this analysis we identify the relevant risk scenarios that may affect each system and the controls required to reduce the probability of these events. We analyze the effectiveness of the existing controls and recommend a plan for improvement.

Internal Audit

The role of an internal audit is to provide independent assurance that an organization’s risk management, governance and internal control processes are operating effectively. A successful audit can add value and improve an organization’s operations, as well as provide insight based on analyses and assessments of data and business processes.

We have broad experience in performing reviews of large enterprises as internal auditors across many industry sectors. Our comprehensive knowledge of the subject matter, draws on our extensive experience in performing audits using best practices and methodologies. We are active members of the Information System Audit and Control Association (ISACA), hold its certifications (CISA, CRISC), and extensively use the association’s tools and methodologies.