The process of understanding, assessing and managing risk is key to managing any business. In particular this process, as it relates to information, can help you to formulate your strategy for securing your business information assets.

ISGRM Group’s qualified security experts will work with you to assess your organization’s exposure to information security risk and help to develop a risk management program that includes a repeatable methodology for ongoing analysis, prioritization and treatment.

This approach facilitates a dynamic risk management strategy and a framework for increased risk awareness and continuous improvement. This assessment can address both technical and non-technical controls and business processes and can be used to feed into your compliance processes.

ISGRM Group offers both qualitative and quantitative risk assessments. 

Benefits of Quantitative Risk Assessments

1. Data-Driven Decision Making – Assigns numerical values to risks, allowing organizations to prioritize security investments based on measurable potential impact and likelihood.

2. Improved Risk Visibility – Provides a clear picture of where the organization is most vulnerable and how different threats could affect business operations.

3. Cost-Benefit Analysis – Quantifies potential losses, helping decision-makers compare the cost of mitigation strategies against the financial impact of risk events.

4. Objective Prioritization – Enables ranking of risks by financial or operational significance, rather than subjective judgment alone.

5. Enhanced Regulatory Compliance – Supports evidence-based reporting and auditing for frameworks like FFIEC, NCUA, HIPAA, PCI-DSS, and NIST CSF.

6. Proactive Risk Management – Facilitates scenario modeling and predictive analysis to anticipate potential threats before they occur.

7. Stronger Business Case for Controls – Quantitative metrics make it easier to justify security investments and resource allocation to executives and boards.

Benefits of Qualitative Risk Assessments

1. Simplified Risk Evaluation – Uses descriptive scales (e.g., high, medium, low) to assess threats and vulnerabilities, making it easier to understand and communicate risk.

2. Quick Implementation – Requires less data and time than quantitative methods, allowing organizations to evaluate risks efficiently.

3. Enhanced Communication – Provides a clear narrative that can be shared with stakeholders, including executives, employees, and auditors.

4. Focus on Contextual Risk – Considers the organizational environment, business processes, and human factors that may not be easily quantified.

5. Flexible and Adaptive – Easily updated as new threats emerge or organizational changes occur.

6. Supports Risk Prioritization – Helps determine which risks require immediate attention and which can be monitored over time.

7. Foundation for Action Plans – Provides qualitative insight that guides the development of mitigation strategies, policies, and controls.

For further information on our Risk Assessment Services service, please contact one of our Sales representatives by calling (727) 537-9273 or by completing our Online Inquiry Form.