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  1. United Kingdom
  2. South Africa

Cyber Risk Management
as a Service
(CRaaS)

An end-to-end solution for managing and mitigating cyber risks for businesses.

Effective cyber risk management is critical for organisations of all sizes and types, as cyber threats continue to evolve and become more sophisticated. It can help prevent data breaches, reduce the impact of cyber-attacks, and protect an organisation’s reputation and financial stability.

What it means:

CRaaS involves a comprehensive approach;
The process of cyber risk management typically involves several steps, including:

Risk assessment:

Identifying potential threats and vulnerabilities to an organisation’s digital assets, including data, systems, and networks.
Risk analysis:

Evaluating the potential impact of identified threats and vulnerabilities on an organization’s operations and reputation.
Risk mitigation:

Implementing security measures and controls to reduce the likelihood and impact of cyber-attacks.
Risk monitoring:

Continuously monitoring for new threats and vulnerabilities, and adjusting security measures as necessary.
Incident response:

Preparing and executing a plan to respond to cyber security incidents, such as data breaches or other cyber-attacks.
Risk assessment:

Identifying potential threats and vulnerabilities to an organisation’s digital assets, including data, systems, and networks.
Risk analysis:

Evaluating the potential impact of identified threats and vulnerabilities on an organization’s operations and reputation.
Risk mitigation:

Implementing security measures and controls to reduce the likelihood and impact of cyber-attacks.
Risk monitoring:

Continuously monitoring for new threats and vulnerabilities, and adjusting security measures as necessary.
Incident response:

Preparing and executing a plan to respond to cyber security incidents, such as data breaches or other cyber-attacks.

The service typically includes ongoing monitoring of the client’s IT infrastructure, including networks, devices, and applications, to detect potential security breaches or attacks. It also involves regular standards (such as NIST and CIS) and vulnerability assessments as well as penetration testing to identify weaknesses that can be exploited by attackers.

The primary goal of CRaaS is to provide organisations with the necessary information, resources and expertise to manage cyber risks effectively and efficiently, reducing the impact of potential cyber incidents on their operations and reputation. It allows businesses to focus on their core operations while leaving the complex task of cybersecurity to the experts.

The Partners

Cyber Risk Management Assessment

Infoprotect conducts cyber risk management assessments, which is a comprehensive evaluation of an organisation’s cybersecurity posture and potential cyber threats.

These assessments can be used by the organisation, insurance brokers and insurers as a pre-qualification tool, to determine the level of risk associated with insuring the organisation against cyber incidents.

The assessment involves a review of the organisation’s IT systems against global standards (such as Centre for Internet Security (CIS)), including hardware, software, and network infrastructure, as well as its cybersecurity policies, procedures, and practices. Using a “gap analysis” process, the goal is to provide clarity on the standards met as well as to identify potential vulnerabilities and weaknesses, that could lead to a cyber incident, such as a data breach or a ransomware attack.

The assessment may also include a review of the organisation’s past cybersecurity incidents and their impact, as well as the current cybersecurity landscape and the types of threats that are prevalent in the industry or geographic location.

For the organisation;

The assessment can also help the organisation to identify areas for improvement and prioritise investments in cybersecurity controls and measures to reduce the risk of a cyber incident and potentially lower insurance premiums.

Overall, a cyber risk assessment for insurance purposes is an important tool important tool important toolimportant tool

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For insurance purposes;

Based on the assessment findings/report, the insurance company is able to decide whether to offer cyber insurance coverage to the organisation and determine the premium and deductible amounts based on the level of risk. Overall, a cyber risk assessment for insurance purposes is an important tool for both the insurance company and the organisation to understand and manage cyber risks effectively.

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