Risk Assessment & Management

Identify, Assess, and Mitigate Security Risks

Comprehensive risk assessment platform based on international standards (ISO 27001, NIST). Identify threats and vulnerabilities, assess their impact, implement risk treatment plans, and maintain continuous risk monitoring. Make informed decisions to protect your organization's critical assets and ensure compliance with regulatory requirements.

Key Benefits

Risk Identification

Systematically identify threats, vulnerabilities, and risks to your information assets using proven methodologies. Build comprehensive risk register with complete context.

Risk Assessment

Quantify risks using customizable risk matrices. Calculate likelihood and impact based on your criteria. Generate risk heat maps for visual representation.

Risk Treatment

Develop and track risk treatment plans. Choose between accept, mitigate, transfer, or avoid strategies. Monitor implementation progress and effectiveness.

Continuous Monitoring

Track risk levels over time. Set up automated alerts for risk threshold breaches. Periodic risk reviews ensure your risk landscape stays current.

Features & Capabilities

Risk Identification

  • Asset-based risk assessment
  • Threat and vulnerability catalogues
  • Risk scenarios and impact analysis
  • Threat actor modeling
  • Attack vector identification
  • Business impact analysis (BIA)
  • Risk dependencies and relationships
  • Import risks from templates

Risk Assessment Methodologies

  • ISO 27001/27005 methodology
  • NIST Cybersecurity Framework
  • OCTAVE methodology support
  • FAIR (Factor Analysis of Information Risk)
  • Custom assessment frameworks
  • Qualitative and quantitative assessment
  • Multi-criteria risk scoring

Risk Matrix & Scoring

  • Customizable risk matrices (3x3, 5x5, etc.)
  • Define likelihood and impact scales
  • Risk appetite and tolerance levels
  • Inherent vs residual risk calculation
  • Risk scoring formulas
  • Risk heat maps and visualizations
  • Risk level categorization (Critical, High, Medium, Low)
  • Weighted scoring for multiple factors

Risk Treatment

  • Risk treatment plan creation
  • Treatment strategies (Accept, Mitigate, Transfer, Avoid)
  • Control implementation tracking
  • Cost-benefit analysis for controls
  • Treatment effectiveness monitoring
  • Action item assignments and deadlines
  • Progress tracking and status updates
  • Approval workflows for treatments

Threat & Vulnerability Management

  • Threat intelligence integration
  • Vulnerability database and tracking
  • CVE (Common Vulnerabilities and Exposures) integration
  • Threat landscape monitoring
  • Attack surface analysis
  • Security control mapping
  • Penetration testing results integration

Compliance & Standards

  • ISO 27001 risk assessment templates
  • NIST CSF alignment
  • GDPR risk assessment
  • PCI DSS compliance tracking
  • HIPAA security risk analysis
  • SOX IT controls risk assessment
  • Industry-specific compliance frameworks
  • Gap analysis and remediation tracking

Reporting & Analytics

  • Executive risk dashboards
  • Risk register reports
  • Risk trend analysis over time
  • Top risks and critical findings
  • Treatment plan status reports
  • Compliance status reports
  • Risk by asset, department, or category
  • Export to PDF, Excel, CSV
  • Customizable report templates

Collaboration & Workflow

  • Risk owner assignments
  • Collaborative risk assessment sessions
  • Comments and discussions on risks
  • Risk review and approval workflows
  • Notifications and reminders
  • Audit trail for all changes
  • Risk committee management

Use Cases

ISO 27001 Risk Assessment

Conduct mandatory risk assessment for ISO 27001 certification. Use pre-built templates aligned with ISO 27001/27005 methodology. Document threats, vulnerabilities, and controls. Generate reports for auditors demonstrating systematic risk management process.

Business Impact Analysis (BIA)

Assess potential impact of security incidents on business operations. Identify critical assets and processes. Calculate financial, operational, and reputational impacts. Prioritize security investments based on business criticality.

Third-Party Risk Assessment

Evaluate security risks posed by vendors, suppliers, and partners. Assess third-party security posture. Track vendor risk over time. Ensure supply chain security and compliance with contracts and regulations.

Cloud Migration Risk Assessment

Identify and assess risks before migrating systems to cloud. Evaluate cloud provider security controls. Assess data residency and compliance risks. Develop risk treatment plans for secure cloud adoption.

Regulatory Compliance Risk Management

Assess compliance risks for GDPR, HIPAA, PCI DSS, SOX and other regulations. Identify gaps in compliance controls. Track remediation efforts. Demonstrate compliance to regulators and auditors.

Continuous Risk Monitoring

Implement ongoing risk monitoring program. Automatically reassess risks when threats or assets change. Receive alerts when risk thresholds are exceeded. Maintain current risk landscape with periodic reviews.

Technical Details

Architecture

Built on Django with PostgreSQL database for risk data. Uses Celery for scheduled risk reviews and notifications. Redis for caching risk calculations. RESTful API for integrations with vulnerability scanners and threat intelligence feeds. D3.js for interactive risk visualizations.

Security

All risk data encrypted at rest. Role-based access control for sensitive risk information. Audit logging for all risk assessment activities. Data isolation between organizations. Secure API endpoints with authentication. Regular backups and disaster recovery procedures.

Scalability

Handles thousands of risks and assets. Optimized database queries with indexes. Lazy loading for large risk registers. Background processing for calculations. Horizontal scaling support. CDN for static assets.

Customization

Custom risk matrices and scoring models. Configurable likelihood/impact scales. Custom fields for risks and assets. Pluggable assessment methodologies. White-label branding. Custom report templates. API for integrations with existing tools.

Frequently Asked Questions

What risk assessment methodologies are supported?

The platform supports multiple methodologies: ISO 27001/27005 for information security risk management, NIST Cybersecurity Framework, OCTAVE for operational risk, and FAIR for quantitative analysis. You can also create custom methodologies tailored to your organization's needs.

How do I calculate risk scores?

Risk scores are calculated based on likelihood and impact using your customizable risk matrix. You define scales (e.g., 1-5) for both factors. The system multiplies or applies custom formulas to generate risk scores. You can set risk appetite thresholds to categorize risks as Critical, High, Medium, or Low.

Can I customize the risk matrix?

Yes! You have complete control over risk matrix dimensions (3x3, 4x4, 5x5, or custom), likelihood and impact scales, scoring formulas, risk level thresholds, and color coding. Different matrices can be used for different types of assessments.

How does risk treatment tracking work?

For each identified risk, you create treatment plans specifying strategy (accept, mitigate, transfer, avoid), assigned controls, responsible owners, deadlines, and budgets. The system tracks implementation progress, recalculates residual risk after controls, and monitors effectiveness through periodic reviews.

Does it integrate with vulnerability scanners?

Yes, the platform can integrate with vulnerability scanners via API. Import vulnerabilities automatically, link them to assets and risks, track CVE identifiers, and monitor remediation status. Supports integration with popular tools like Nessus, Qualys, and OpenVAS.

How often should risks be reviewed?

Review frequency depends on your risk management policy. The system supports configurable review periods (monthly, quarterly, annually). Automated reminders notify risk owners before reviews are due. You can also trigger ad-hoc reviews when significant changes occur.

Can I generate compliance reports?

Yes, the platform includes pre-built report templates for ISO 27001, NIST CSF, GDPR, PCI DSS, HIPAA, and other frameworks. Reports show risk assessment methodology, identified risks, treatment plans, and compliance status. All reports are audit-ready and can be exported to PDF or Excel.

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