Risk Assessment
Comprehensive risk identification, analysis, and mitigation strategies aligned with your business objectives. We use proven methodologies like NIST 800-30 to quantify and prioritize your security risks.
Key Capabilities
- Enterprise-wide security risk analysis
- Third-party risk management (TPRM)
- Cloud risk assessments (Azure, AWS, M365)
- Application security risk reviews
- Business impact analysis (BIA)
- Risk quantification and prioritization
- Mitigation roadmap development
- Continuous risk monitoring frameworks
Overview
Understanding your risk landscape is the foundation of effective security. Without a clear picture of what threatens your organization—and how those threats could impact your business—you're essentially flying blind. Our risk assessment services go beyond simple vulnerability scanning. We take a holistic view of your organization, examining technical controls, business processes, third-party relationships, and the threat landscape specific to your industry. Using the NIST 800-30 methodology and our extensive experience across sectors, we deliver actionable risk intelligence that drives smart security investments. Whether you're evaluating a potential acquisition, preparing for a funding round, launching a new product, or simply need to understand where your security dollars should go, our risk assessments provide the clarity you need to make confident decisions.
What We Deliver
Tangible outcomes and deliverables from our engagement.
Risk Assessment Report
Comprehensive analysis of identified risks with likelihood and impact ratings using NIST methodology.
Risk Register
Prioritized inventory of risks with owners, mitigation plans, and target resolution dates.
Executive Risk Dashboard
Visual summary of top risks for board and leadership reporting.
Threat Landscape Analysis
Industry-specific threat intelligence and emerging risk identification.
Mitigation Roadmap
Prioritized action plan with cost-benefit analysis for risk reduction initiatives.
Third-Party Risk Reports
Security assessments of critical vendors and business partners.
Our Process
A proven methodology that delivers results — scroll to walk it.
STEP 01 / 06
Scope Definition
Define assessment boundaries, identify critical assets and systems, and establish risk criteria aligned with business objectives.
Ideal For
- Organizations preparing for M&A due diligence
- Companies pursuing funding rounds (investor requirements)
- Businesses launching new products or services
- Organizations expanding into new markets or regions
- Companies with significant third-party dependencies
- Any organization needing to prioritize security investments
What to expect
Three engagement shapes most clients pick from. We scope and fixed-bid before signature — no open-ended T&M.
Targeted Risk Assessment
2–3 week fixed-bidPractices or technology firms scoping risk on a specific system, vendor, or business process — pre-launch reviews, post-incident analysis, or focused audit responses.
NIST SP 800-30 Rev. 1 methodology applied to a defined scope. Delivers a prioritized risk register with mitigation ownership and timeline.
Included
- Scoped threat enumeration and asset analysis
- Likelihood × impact ratings with documented rationale
- Prioritized risk register with mitigation owners
- Executive summary and detailed technical findings
Not included (scoped separately)
- Remediation execution (separately scoped)
- Multi-system enterprise scope (Enterprise Assessment below)
Enterprise Risk Assessment
4–6 week fixed-bidOrganizations needing a complete NIST CSF 2.0 maturity baseline — typically before a board reporting cycle, M&A diligence, regulatory audit, or annual security program planning.
Org-wide risk analysis covering technical, operational, third-party, and emerging risks. Output is a maturity-rated baseline mapped to NIST CSF 2.0 with a 12-month roadmap.
Included
- NIST CSF 2.0 maturity baseline (all 6 functions, all categories)
- Third-party / vendor risk analysis (top vendors by risk weight)
- 12-month risk register with owners and target dates
- Executive presentation and board-ready risk dashboard
- Comparison vs. peer organizations in your sector
Not included (scoped separately)
- Remediation execution (vCISO retainer or fixed-bid project)
- Penetration testing (refer-out, optional add-on)
Continuous Risk Management
Monthly retainer · 12-month minimumMaturing organizations with active risk programs that need quarterly recalibration, real-time risk intelligence, and an accountable senior leader on retainer.
Quarterly risk register reviews, monthly threat intelligence summaries, vendor risk reviews on demand, and an annual full reassessment to track maturity drift.
Included
- Quarterly risk register recalibration
- Monthly threat intelligence brief (sector-specific)
- Vendor risk reviews on demand
- Annual full NIST CSF reassessment
- Board-ready quarterly risk dashboard
Each engagement is fixed-bid against a written scope. We publish methodology, not pricing — every quote is custom to your environment, regulated obligations, and timeline.
Get a custom quoteNot sure which shape fits? Take the 2-minute assessment — eight questions, intent-tailored next step, no calendar required.
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Related Services
Often paired with this service for comprehensive security coverage.
Further reading
In-depth analysis on the topics this service covers.
Common questions
Straight answers to what prospective clients ask us most about risk assessment.
How is a risk assessment different from a vulnerability scan or penetration test?
A scan finds technical weaknesses; a pentest proves some of them are exploitable. A risk assessment answers the question those tools can't: which risks actually matter to this organization, and in what order should money and attention go? We apply NIST SP 800-30 methodology — threats, likelihood, and business impact weighed against your specific environment and obligations — so the output is a decision tool, not a finding dump. Most organizations need both layers; they're not substitutes.
What methodology and frameworks do you use?
NIST SP 800-30 Rev. 1 for the risk analysis itself, with enterprise engagements baselined against NIST CSF 2.0 across all six functions. For healthcare clients we map findings to the HIPAA Security Rule so one assessment serves both the board conversation and the compliance file. Every likelihood and impact rating comes with documented rationale — a register you can defend beats a register you can only present.
Targeted or enterprise assessment — which one do we need?
Scope it by the question you're answering. One system, one vendor, one process — a new EHR module, a post-incident review, an audit response — is a targeted assessment, two to three weeks, fixed-bid. If the question is 'where does our whole organization stand,' that's the enterprise assessment: four to six weeks, a CSF 2.0 maturity baseline, and a 12-month roadmap. If you're unsure, the discovery call settles it in about ten minutes, and we'll tell you if the smaller engagement is the right answer.
What do we actually walk away with?
A prioritized risk register with mitigation owners and target dates, the documented rationale behind every rating, and an executive summary written for the people who allocate budget — board members, CFOs, insurers — not just the IT team. The test we hold deliverables to: could you hand this to your carrier or an auditor tomorrow and stand behind it? If not, we haven't finished.
Does this satisfy HIPAA's risk analysis requirement?
It can, and we're explicit about when it does. HIPAA requires an accurate and thorough assessment of risks to ePHI (45 CFR § 164.308(a)(1)(ii)(A)); an engagement scoped to your ePHI systems and data flows meets that requirement, and we document the mapping so the compliance file shows it. A targeted assessment of a single non-clinical system, by contrast, does not — and we'll say so rather than let you assume coverage you don't have.
Book a 30-min discovery call
Tell us about your environment and the outcome you need. No slide decks, no sales pressure — just a conversation about whether risk assessment is the right next step.
Ready to Get Started?
Let's discuss how our risk assessment services can help protect and strengthen your organization.