Risk Management
Wellington provides a comprehensive approach to information security risk management. Our highly qualified experts have extensive business, legal and compliance experience. We can help your organisation to define a risk assessment methodology to suit the organisations requirements. In Wellington’s experience the risk assessment process provides a significant value in streamlining the operation. The benefit of this process is tangible and provides visibility on the benefits of implementing ISMS.
Risk evaluation is a critical process to successfully manage information security risks. It must take into consideration multiple factors like asset value, threats and vulnerabilities that the organisation is exposed to. A full business impact analysis is undertaken that assesses the realistic likelihood of occurrence and the quality of controls currently implemented. With Wellington’s input this process can be made as easy as possible for your organisation and solutions will be developed to classify and mitigate risks where appropriate.
Wellington has developed a risk assessment methodology which has been used to date by many ISO 27001 certified financial institutions in the UK and Ireland for evaluating their information security risks. This methodology has provided successful audited results. It is designed to simplify the assessment process and to deliver simple and clear feedback to senior management, board of directors, internal and external auditors.
Wellington assists organisations to:
- Define the scope of the ISMS
- Define an ISMS policy
- Establish a risk assessment methodology
- Define criteria for accepting risks and identify the acceptable levels of risk
- Identify the risks
- Analyse and evaluate the risks
- Develop a risk treatment plan
- Implement a process for deploying, managing and maintaining the ISMS
- Develop an internal audit process for ensuring compliance with the ISMS