Risk Assessments
Performing a risk assessment is overwhelming. We’ll make sure it’s worth it.
Identify, assess, and prioritize your organizational risk.
A risk assessment is fundamental to your organizational risk management program. Risk assessments performed by KirkpatrickPrice follow industry standard methodologies such as NIST Special Publication 800-30 or ISO 27005. Risk assessments are intended to trigger a thought process to identify vulnerabilities and risks specific to your organization as well as the various requirements you are facing. If you have the opportunity to anticipate a potential security incident and address the potential impacts, chances are you will be able to save your business from any operational or reputational loss.
Risk Assessment FAQs
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How much does a risk assessment cost?
Pricing for a risk assessment depends on scoping factors, including business applications, technology platforms, physical locations, third parties, and if it’s combined with an audit.
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How long does a risk assessment take to complete?
The average risk assessment is completed in a focused, 3-5 day assessment, then followed by the delivery of a risk assessment report.
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What do I receive when my risk assessment is complete?
A risk assessment culminates in a risk assessment report that outlines how we evaluated risks and the potential impact of each one. This report will allow your organization to risk-rank your weak areas and prepare for upcoming compliance requirements.
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How often does a risk assessment need to be performed?
Industry standard is to perform a formal risk assessment annually or when significant changes are made that will impact the control environment. Any frequency less than that typically indicates that the organization has not been properly mitigating risk.