Cyber Security Risk Assessment Services | Identify & Prioritise Your Risks
A cyber security risk assessment helps you identify, analyse and prioritise the cyber risks most likely to impact your organisation. Our cyber risk assessment gives you a clear view of what matters most, what to fix first, and where to invest for the biggest reduction in risk.
What is a Cyber Security Risk Assessment?
A cyber security risk assessment is a structured process used to identify, analyse and evaluate cyber risks to your organisation, then prioritise them based on likelihood and impact. Our cyber risk assessment helps you understand what could realistically go wrong, what the consequences would be, and what actions will reduce risk most effectively.
Key components of a cyber security risk assessment:
Asset identification: what you need to protect (systems, services, data, key processes)
Threat identification: what could happen (e.g., ransomware, phishing, supply chain compromise)
Vulnerability assessment: weaknesses that may be exploited (technical, process or people-related)
Impact analysis: operational, financial, regulatory and reputational impact
Risk prioritisation: what to address first based on business impact
How it differs from a penetration test
A risk assessment identifies and prioritises risks across people, process and technology. A penetration test actively attempts to exploit technical vulnerabilities to validate security controls.
Who needs one?
Any organisation that relies on IT systems, handles sensitive data, or has compliance obligations benefits from regular cyber risk assessments, especially when environments or threats change.
What’s Included in a Cyber Risk Assessment?
Threat Identification
Our team conducts a thorough inventory of critical assets – networks, devices, applications and data stores – then maps out potential threats that could exploit these assets.
Vulnerability Analysis
We examine the current security controls and configurations, using scanning tools and expert insights to identify vulnerabilities and weaknesses.
Risk Prioritisation
We assess each identified risk against factors like impact, likelihood and business relevance – producing a prioritised list of vulnerabilities requiring attention.
Control Review
Our specialists evaluate your existing policies, processes and technical measures – pinpointing gaps and recommending ways to close them.
Clear Remedial Actions
We provide clear, step-by-step guidance on how to address identified risks – from patching and policy updates to technology deployments and process improvements.
Ongoing Monitoring
As threats evolve, we offer periodic reviews and updates – keeping your risk profile current and your organisation’s defences in line with best practice.
Cyber Risk Challenges We Help You Solve
Specialist Expertise
Conducting an in-depth cyber risk assessment requires a team of experts. For many organisations, in-house IT staff often lack the specialised knowledge required to address these highly technical cyber risks.
Limited Visibility of Risks
The task of understanding the full scope of your cyber risk can be overwhelming and you can be left with an incomplete picture of your threat exposure.
Compliance Pressure
Achieving regulatory and industry compliance can be a daunting task to tackle, especially when risk management practices aren’t clearly defined. Non-compliance can result in significant fines and reputational damage.
Evolving Cyber Threats
Cyber threats are becoming more complex, with attackers constantly finding new ways to exploit vulnerabilities. Businesses that do not have regular risk assessments may fall behind in addressing emerging cyber threats.
Specialist Expertise
Conducting an in-depth cyber risk assessment requires a team of experts. For many organisations, in-house IT staff often lack the specialised knowledge required to address these highly technical cyber risks.
Limited Visibility of Risks
The task of understanding the full scope of your cyber risk can be overwhelming and you can be left with an incomplete picture of your threat exposure.
Compliance Pressure
Achieving regulatory and industry compliance can be a daunting task to tackle, especially when risk management practices aren’t clearly defined. Non-compliance can result in significant fines and reputational damage.
Evolving Cyber Threats
Cyber threats are becoming more complex, with attackers constantly finding new ways to exploit vulnerabilities. Businesses that do not have regular risk assessments may fall behind in addressing emerging cyber threats.
What Our Clients Say
Benefits of Cyber Risk Assessment
Our cyber risk assessment service allows businesses to gain a complete understanding of your cyber security posture, whilst prioritising actions to safeguard your digital environment.
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Book a discovery call to get insights on how to overcome your cyber security challenges.
Book HerePrioritised To-Do List
Prioritisation of vulnerabilities can be difficult when you are unclear of the full scope of your security posture. By identifying and evaluating risks through our cyber risk assessment, prioritisation can be straightforward. The targeted approach to risk mitigation ensures that your resources are used effectively in reducing your exposure to cyber threats.
Improved Decision-Making
Regular cyber risk assessments provide senior leadership with the necessary insights to make informed decisions on cyber security investments. By clearly understanding potential risks, organisations can allocate resources more effectively, ensuring that they are always prepared for emerging threats.
Proactive Risk Reduction
Cyber risk assessments identify vulnerabilities before they can be exploited, reducing the overall risk of cyber attacks such as ransomware attacks. Addressing weaknesses early means you drastically reduce the chances of a successful attack on your systems.
Meet Regulatory Compliance
Compliance is becoming increasingly difficult due to strict industry regulations and data protection laws. Our cyber risk assessments ensure that your business meets the required standards, such as the UK DPA, GDPR and ISO 27001.
Cyber Risk Assessment vs Penetration Testing: What’s the Difference?
They are complementary: a cyber risk assessment identifies what matters most, while penetration testing validates technical exposure in priority areas.
| Factor | Cyber Risk Assessment | Penetration Testing |
|---|---|---|
| Purpose | Identify and prioritise cyber risks | Find exploitable technical vulnerabilities |
| Scope | Holistic: people, process, technology | Technical: systems, apps, infrastructure |
| Method | Interviews, evidence review, analysis | Active testing and exploitation attempts |
| Output | Risk register + prioritised recommendations | Technical findings + exploit evidence |
| Frequency | At least annually, and after change | Regular assurance (e.g. quarterly/annually) |
| Best For | Strategy, compliance, board reporting | Validating controls, technical assurance |
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Cyber Risk Assessment FAQs
- How long does a cyber risk assessment take?
The time taken to complete a security risk assessment can range from a few weeks to a few months. The time is dependent on the scope of the assessment, the size of your organisation and the number of systems involved.
- What is a cyber risk?
Cyber risks can encompass a wide range of threats which include: social engineering, ransomware, third-party exposure, cloud vulnerabilities and IoT devices.
- What is the weakest link in cyber security?
Human error remains one of the weakest links in cyber security for organisations. With social engineering (such as phishing) being one of the most frequent methods of cyber criminals, it is necessary to ensure your ‘human firewall’ is as secure as possible.
- Why is a cyber risk assessment important?
A cyber risk assessment is important as it helps to protect organisations against data breaches, comply with industry regulations and ensure business continuity. By identifying and addressing vulnerabilities early, you can reduce the likelihood of damaging and costly cyber incidents.
- How often should cyber risk assessments be conducted?
Cyber risk assessments are recommended to be performed at least annually. In addition to this, they should take place when there has been a major change to IT infrastructure, business processes or an introduction of new technologies.
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