Governance and Risk

We'll help you to understand your key threats, stakeholder needs, and control the environment. Make informed decisions on cybersecurity, based on your business risks.

Cybersecurity Governance in Today's Digital Age

In the ever-evolving realm of digital advancements, cybersecurity governance stands as the first defence that guides organisations in ensuring a secure and stable online environment. It's important to understand this crucial aspect of modern-day business operations.

The Growing Cyber Threat Landscape

With the proliferation of digital technologies, the volume and complexity of cyber threats have witnessed a staggering rise. From individual hackers to established hacker collectives, the cyber world is rife with adversaries. These threat actors, whether aiming for financial gain, espionage, or just chaos, constantly evolve, finding ways to breach security and put data at risk.

Today, cyber threats have outpaced such threats such as financial and natural disasters, placing a more significant risk on data loss, system failure, and even the reputation of businesses. This shift underscores the essence of having a comprehensive risk management strategy to navigate the stormy seas of the digital realm.

Role of Security Teams

Behind every successful cybersecurity governance initiative, there's a dedicated team of security leaders and professionals. These security teams are the vanguards, constantly staying updated with the evolving cyber risks, conducting future assessments, and ensuring that the organisation's security controls are in sync with the cybersecurity threats of the time.

Senior management plays a pivotal role too. By providing the necessary support, resources, and high-quality equipment, they ensure that the security teams have all they need to keep the fortress impenetrable.

Cybersecurity Risk Management Frameworks

In today's hyper-connected world, organisations face a plethora of cyber threats and challenges. With cyber risks escalating, a structured approach to combating these threats is vital. Tesserent can help by implementing a cybersecurity risk management framework (RMF).

Understanding the Cybersecurity Risk Management Framework

The cybersecurity risk management framework is a systematic approach designed to help organisations identify, assess, and manage cybersecurity risks. Its foundation lies in understanding the organisation's operations, assets, and goals, ensuring that cybersecurity efforts align with key business objectives. It's like a master blueprint – offering security teams a clear roadmap to safeguard an organisation's most critical systems and data.

The Importance of Risk Assessment

Risk assessment lies at the core of the cybersecurity risk management process. Just as a doctor wouldn't prescribe medicine without first diagnosing the illness, security teams can't protect against threats without first understanding them. The risk assessment process involves identifying potential threats, assessing their impact, and prioritising them. By understanding these cyber risks, organisations can allocate resources effectively, ensuring that the most significant risks are addressed promptly.

Cyber Security Risk Assessment Process

At the core of cybersecurity governance lies the cybersecurity risk assessment. Identifying potential risks lurking in the shadows. A robust risk assessment method helps organisations pinpoint the vulnerabilities in their information systems and evaluate the potential impacts of a cyber attack.

By understanding their risk level, organisations can prioritise risks, ensuring that their most critical systems remain fortified against potential breaches. This risk identification doesn't just stop at the technological frontier. Human error, third-party vendors, supply chain vulnerabilities, and even adversarial threats can compromise the security posture of an organisation, making the assessment process all the more pivotal.

Cyber Security Risk Management Strategy

Once the risks are identified, the next step is to manage them. Enter the cybersecurity risk management process. If risk assessment is the diagnosis, risk management is the treatment plan. This process involves the formulation of security controls, strategies, and initiatives to mitigate the identified risks. The NIST Cybersecurity Framework, developed by the National Institute, offers a detailed risk management framework that many organisations, from federal agencies to the private sector, swear by.

By using such risk management frameworks, businesses can ensure that their key business objectives aren't compromised. From ensuring the safety of sensitive data to maintaining the integrity of their IT infrastructure, a well-defined risk management strategy serves as the armour protecting them from the perils of the cyber world.

Challenges in Implementing the RMF

Cybersecurity risk management framework challenges arise from rapidly evolving cyber threats, system failures, and even human error. The increasing reliance on cloud services and third-party vendors adds more complexity to the mix. There's also the challenge of integrating the RMF with both new and legacy systems.

Yet, despite these challenges, the benefits of a robust RMF far outweigh the risks. By identifying and managing cybersecurity risks, organisations can bolster their security posture, protect their IT infrastructure, and make informed decisions.

Tesserent's Role in Cybersecurity Risk Management

With a keen focus on mitigating risks and providing high-quality services, Tesserent has been at the forefront of cybersecurity. Adopting a cybersecurity risk management framework isn't just about checking boxes; it's about a proactive approach to safeguarding organisational assets and operations. And with a partner like Tesserent, organisations can navigate this complex journey with confidence.

Cybersecurity Governance & Risk solutions

Cybersecurity governance isn't just about defence; it's about making informed decisions in a world that’s becoming increasingly digital. By understanding and managing cyber risk, organisations not only protect their assets but also pave the way for growth, innovation, and resilience.

In the ever-evolving world of cybersecurity, staying one step ahead of threat actors is paramount. Whether it's protecting against data breaches, adversarial threats, or even established hacker collectives, a robust risk management strategy is essential. As cyber threats continue to evolve, so must our strategies to combat them.

In conclusion, while the digital landscape presents myriad challenges, with the right cybersecurity risk management framework and a proactive approach, organisations can effectively navigate the cyber realm. After all, isn't it better to be prepared than caught off guard?


How we can assist:

Good governance ensures you’re meeting your regulatory requirements, and that you’re keeping up with industry best practices - reducing exposure to your organisation's particular risks be they loss of competitive advantage, regulatory breaches, loss of productivity, loss of customers, damage to your brand or other areas of concern to your organisation.

Our experienced cybersecurity advisory consultants will work with you to understand your concerns.

Partnering with a broad range of organisations, across all industry sectors, has given our cybersecurity services team deep experience in reducing information security risks - experience we can draw on to assist your team.

We start by listening.


Security Frameworks and Controls Assessment

Tesserent has experience developed over many years, across all industries, in assessing, implementing and certifying information security systems against a wide variety of industry recognised standards

We partner with our clients to help select an Information Security Management System (ISMS) framework most appropriate for you, depending upon the nature of your business, your objectives, and the regulations in your industry. The more common standards include:

  • ASD Essential 8 / ASD 37 Mitigation Strategies.
  • ISO27001:2013 – Information Security Management System
  • Centre for Internet Security (CIS) – Critical Security Controls Assessment Version 8
  • National Institute of Standards and Technology (NIST) Cybersecurity Framework V1.1 / NIST 800-171R2 and others
  • CPS234 – Security Standard (Regulated Entities)

Regardless of the cybersecurity risk management framework selected we work with our valued clients to ensure that security controls are appropriate for your organisation's specific business objectives and strategies, circumstances, priorities and risk tolerances.


Risk Management

Accurately identifying and quantifying organisational risks assists in your organisation’s ability to mitigate threats, and manage risks, to a level acceptable to your circumstances.

Our Threat and Risk Assessment can assist you to examine the reality of the current external and internal threats, and the risks, to your organisation, its information, and information systems. We’ll then work with you on an appropriate control program.

We can assist in the assessment, development, and implementation of Enterprise Risk Management frameworks based on industry standards and guidelines (i.e., ISO 31000 Risk Management), including all the required elements of:

  • Risk Policy
  • Risk Procedures
  • Risk Registers
  • Risk Appetite Statement and
  • Associated processes across Information Technology and other areas of the organisation.

Security as a Service (SECaaS / CISOaaS / Analyst as a Service)

Hiring Freeze? Regulatory obligations? Insufficient in-house expertise? Board and cybersecurity governance demands? Short-term projects?

Tesserent's Security as a Service (SECaaS) offering is designed to assist our clients to drive and enhance their security agenda and posture by providing a senior, experienced consulting practitioner to provide advice on a project or program basis. We’ll support your internal resources in the design and delivery of your overall security program.

Our security practitioners will work with your Information and Senior Management teams to support the achievement of your security goals including, for example, advice in the following areas:

  • Enterprise Risk Management
  • Security Strategy Design and Development
  • Governance and Control Frameworks
  • Security Leadership Advice and Management Support
  • Information Technology Audit and Control Programs
  • Policy and Standards Design

In the establishment phase of the service engagement, we’ll collaborate with you to define and document the program of work to be completed.


Third Party Security Assessment

Third party / vendor and supplier risk is a growing security concern for all organisations. Tesserent will partner with you to tailor a suitable Third-Party Assessment solution that can be designed, built, and operated by you, or on your behalf. Our 3rd party assessments can be completed against any of the recognised industry standards, or a hybrid of standards, to meet your specific commercial, governance, or regulatory requirements. We can:

  • Design and develop tailored Third-Party Supplier/Vendor Security Questionnaires,
  • Plan and execute pilot 3rd party security assessment programs,
  • Provide ongoing support (quarterly) to assess an agreed number of suppliers,
  • Execute pre-designed 3rd party assessment processes – ad hoc, or as a regular service.

Q&A VIDEO SERIES

Supplier Risk

Our panel of experts tackle the question: What due diligence should you implement for new, and existing vendors / suppliers, as part of your standard way of doing business? Click here to explore the full video series.

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Tesserent is a full-service cybersecurity and secure cloud services provider, partnering with clients from all industries and all levels of government. Let’s talk.

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