Agio Cyber Risk Register: Your Governance Program in a Single Pane
By now you’re likely familiar with the AgioNow Client Portal and how it empowers clients with visibility and control into their services. (If you’re not, I encourage you to request a demo.) What you may not know about the Portal is that it’s never finished – we’re constantly adding and enhancing features to make the management of your technology easier, safer, and faster. Case in point: Agio’s Cyber Risk Register. The Agio Cyber Risk Register is a Portal feature that will be available to our Cybersecurity Governance clients this summer. At a high level, the Cyber Risk Register will help clients to identify, assess, and manage cyber risks by providing a summary of findings and prioritized actions in one place. More specifically, this feature will provide the following:
- Risk Identification: Agio’s experienced Cyber Consultants collate risks from several sources. This includes our comprehensive security risk assessment, vulnerability scans, penetration tests, phishing exercises and vendor risk assessments. The Cyber Risk Register provides a mechanism to document potential risks that could have an operational or reputational impact. Capturing these risks in a centralized place ensures that risks are highly visible and allows stakeholders to assess potential threats.
- Risk Assessment: By evaluating the potential impacts and likelihood of occurrence, the assessment of risks allows stakeholders to prioritize and allocate resources effectively. This evaluation helps identify the most significant risks and enables stakeholders to focus their attention and allocate appropriate resources and budgets accordingly.
- Risk Management Planning: Through thorough analysis and understanding of risks, organizations can create mitigation and contingency plans to minimize the likelihood and impact of adverse events. Serving as a crucial reference point, the Risk Register enables the implementation of these plans and facilitates the tracking of progress towards risk management goals.
- Communication and Decision Making: The Cyber Risk Register serves as a communication tool, empowering stakeholders to understand risks and their potential consequences. It facilitates effective communication and decision-making by providing a clear overview of risks, their ownership, and the progress of risk management activities.
- Monitoring and Control: Throughout the project or operational lifecycle, the Cyber Risk Register helps organizations track the status of each risk, assess the effectiveness of mitigation measures, and identify any emerging risks. This enables timely adjustments and interventions to keep risks under control.
- Compliance and Governance: Risk management demonstrates an organization’s commitment to identifying and managing risks, which can contribute to compliance with legal and regulatory obligations. It also supports strong governance practices by providing transparency and accountability in risk management processes.
Agio’s Cyber Risk Register enhances decision-making, facilitates effective communication, and supports proactive risk management, helping organizations minimize the negative impacts of cyber risks and improve their chances of achieving their objectives. Learn more about our Cybersecurity Governance Programs and how our experienced vCISOs can help you stay ahead of evolving regulatory requirements.
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