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Risk
Assessment is the first step in the process of risk management.
Organizations of all industry use risk assessment to determine the
extent of a potential threat and the associated risk to their critical
assets.
Risk is a function of the likelihood that a given threat-source will
exercise a particular vulnerability, and the resulting impact of that
adverse event on the organization.
To determine the likelihood of a future adverse event, threats to an
organization must be analyzed in conjunction with the potential
vulnerabilities and the controls in place. The impact refers to the
magnitude of harm that could be caused by the exercise of a threat
against a vulnerability. The level of impact is governed by the
potential influence of the threat on the organization’s mission and, in
turn, produces a relative value of the organization’s affected assets.
The Fortrex Risk Assessment is specifically designed to identify the
level of risk at which an organization is operating. The Assessment
will compare compliance with applicable regulations and legislation or
industry best practice, evaluate consistency with the organization’s
goals and objectives, and assess whether activities comply with
management’s governance polices and are consistent with the
organization’s risk appetite.
At the conclusion of the Assessment, the organization will be able to
clearly make intelligent business decisions on any risks to accept,
eliminate or transfer.
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We have done two PABP audits with you, and we have been extremely
pleased both times. The auditor was great. He made himself available at
times that worked for us, he gave us some great ideas about what to do
to meet compliance requirements, and he kept the lines of communication
open throughout the process.
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Development Manager
Certified Microsoft Gold Partner (ERM/POS Solutions) |
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Corporate HQ
5303 Spectrum Drive,
Suite A,
Frederick, Maryland 21703-7373
301-977-6966 /
301-947-3539 (fax)
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