Risk ASSESSMENT

Risk Assessment is a systematic process of identifying, analyzing, and evaluating risks that may impact an organization’s operations, information assets, compliance posture, and business continuity. It includes Third Party Risk Assessment to evaluate risks arising from vendors, partners, and service providers, and Business Impact Analysis (BIA) to understand the potential impact of disruptions on critical business functions. The assessment examines people, processes, technology, and external dependencies. Risks are assessed based on likelihood, impact, and existing controls. The outcome supports informed risk treatment and decision-making.

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  Identifies internal, external, and third-party risks proactively

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  Helps understand business impact and criticality of processes

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  Supports regulatory and compliance requirements

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  Enables prioritization of risk mitigation and control investments

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  Improves organizational resilience and continuity planning

• Step 1: Scope Definition & Risk Universe Identification

  We define the scope, business units, systems, processes, and third parties in scope to establish a comprehensive risk universe.

• Step 2: Threat, Vulnerability & Dependency Assessment

  Potential threats, vulnerabilities, and dependencies—including third-party and supplier risks—are identified across people, process, and technology.

• Step 3: Business Impact Analysis (BIA)

  Critical business functions are analyzed to assess financial, operational, and regulatory impact in the case of disruption.

• Step 4: Risk Evaluation & Treatment

  Risks are evaluated based on likelihood and impact, categorized into risk levels, and a detailed risk register, assessment report, and risk treatments are provided.