Cyber Security Risk Management

Maximise the potential of your organisation by utilising skilled and experienced resources to identify and handle cyber security risks. Turn cyber security risk into opportunities for business growth and success.

Start Managing Cyber Risk Today

Optimise growth with comprehensive risk management

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secure data

By identifying potential risks involving sensitive business and customer data, appropriate controls can be implemented to lower the risk of unauthorised access or modification.

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build cyber resilience

Proper identification and management of cyber risks ensures that incident response and recovery efforts are sufficient to enable your organisation to swiftly and efficiently recover from cyber incidents, minimising disruption to essential business operations.
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drive growth

Management of cyber risk safeguards your assets, maintains customer confidence, boosts operational efficiency, and ultimately drives greater overall business performance and growth opportunities.

Eliminate threats and drive business success

Navigating cybersecurity risk can be challenging, particularly for small to medium-sized businesses that lack access to specialised cybersecurity professionals. Similar to how financial risk management requires specialists in finance, managing cybersecurity risk demands the use of skilled and experienced cybersecurity resources.

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Cybersecurity risk management requires resources with strong business acumen. Your cybersecurity strategy should not be viewed as a separate entity but as an integral part of the organisation’s overall strategy. The purpose of a cybersecurity strategy is to identify and address cyber-related risks that could negatively impact the organisation’s ability to achieve its mission and vision. Your cyber risk management practices identify these risks and feed into your strategies. Cybersecurity resources must understand the business and how the mitigation of cyber risk supports these business goals. They need to have experience working with and influencing the executive and board and have the ability to express cybersecurity risks as business risks, providing visibility to organisational leaders and justifying security budgets. Ideally, those managing cybersecurity risk should have experience at the executive level, working with budget constraints, and running P&Ls.

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To be highly effective, cybersecurity resources require extensive experience working within organisations and having experience on the client side. Gaining a certification or attending a course does not necessarily translate to being able to effectively implement risk mitigation strategies within a running business with a limited budget. A single risk can have many potential mitigation methods, and understanding the business, how each option will affect business processes, and finding the right balance between security and usability that aligns with the organisation’s risk appetite, takes years of experience to master.
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Acquiring, hiring, and retaining highly experienced cybersecurity resources within budget constraints is a challenging task. Utilising less experienced resources can have severe negative consequences for the organisation, including impeded business processes, budget overspending, missed risks, and ineffective risk remediation strategies.
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An investigative approach, utilising both business and cybersecurity knowledge, is necessary to ensure all relevant risks to an organisation are identified. Performing cyber security risk assessments from a static list of questions is not effective. Based on stakeholder responses, an experienced resource will pinpoint key areas for potential risk and will drill down into business operations to identify further risks. The process is much like that of a choose-your-own-adventure book from the 1980s.
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Managing risk should not be viewed as a one-off task, but rather as a continuous, dynamic process that requires dedicated resources and tight integration with the business. Organisations are constantly evolving and experiencing changes, such as shifts in business operations, mergers and acquisitions, personnel changes, process changes, and technological advancements, all of which can affect current risks and introduce new ones. External factors like emerging attack methods and threat actors targeting specific industries can also affect existing risks or introduce new ones. Additionally, the cybersecurity compliance landscape is rapidly evolving, which can impact compliance risks and bring new contractual obligations from clients. All of these factors must be consistently and continually monitored and managed.

This is a significant challenge for any sized business, requiring specialised and costly resources to be executed effectively and efficiently in order to lower actual risk and bring continual value to the organisation.

How we can help…

Morrisec puts in the extra effort to understand your unique business, specific threats and risk appetite to assist you in managing risk in an efficient and cost-effective way. Every organisation is different, and a one-size-fits-all approach to risk management can lead to mitigation strategies that may not be relevant to your business, resulting in budget overruns, wasted time, and minimal improvement in overall security posture. We pinpoint risks specific to your organisation, prioritise them based on potential impact, and create mitigation strategies that align with your business and security budget. This allows for a clear focus on utilising security budgets and resources effectively, and ensures ongoing improvement of your overall risk posture. We simplify cybersecurity risk management for you.

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Our Cybersecurity Risk Management service provides you access to highly skilled and experienced resources who oversee the complete cybersecurity risk management process. Our service provides expertise in risk management and a deep understanding of your business from both technical and executive perspectives. Our resources are able to conduct both business and technical cyber security risk assessments and provide tailored, effective cyber security risk mitigation advice for all levels of the business, aligned with your specific risk appetite.
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At Morrisec, our consultants possess decades of experience in client-side roles as CISOs and Information Security Risk Managers, working with limited budgets and running P&Ls. They have extensive experience in high cyber-risk environments and have successfully secured them with limited budgets and resources. They have provided consulting services and worked with hundreds of organisations across all industries to lower cybersecurity risk.
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We take time to understand all aspects of your business and existing risks, so everything we do is contextual to your organisation. We investigate the threat actors that pose a threat to your industry and the methods they commonly use to achieve their objectives. Leveraging this information and working with your internal stakeholders, we identify your cyber risks, create a cyber security risk register, and develop a risk treatment plan that aligns with your business, prioritised based on actual threats to your organisation. These mitigation strategies will strike a balance between cost, complexity, business impact, and risk reduction, in line with your unique risk appetite.

To ensure risks are addressed and the ongoing enhancement of your overall cybersecurity posture, we lead the execution of agreed-upon cyber security risk mitigation strategies to lower risks to acceptable levels and provide transparency to the executive and board. Regular risk evaluation and monitoring will ensure new risks arising from shifts in the business or changes in the current threat landscape are identified, recorded, and managed within your documented cyber security risk register.

Stay compliant and secure your financial future

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meet requirements

Proactively managing cybersecurity risk allows identification and compliance with legislative, regulatory and contractual requirements, ensuring potential compliance risks are effectively managed both currently and in the future.
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Limit Financial Loss

Effective management of cyber risks can significantly decrease or eliminate the financial loss that organisations incur due to cyber attacks.

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Cut Premiums

Compehensive cyber risk management can decrease the cost of cybersecurity premiums by reducing the likelihood of cyber attacks and their associated financial impact.

Start Managing Cyber Risk Today

Partner with our experienced professionals now and begin streamlining your security, minimising your cyber risk, and maximising the return on your security investment.

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