Risk Assessment
WHY RISK ASSESSMENT?
With increasing certainty, corporate and government
auditors are implementing requirements or expecting
that organizations including banks, other financial
institutions, universities and hospitals will
conduct security risk assessments on a regular
basis. However, many organizations that do perform
what they perceive as 'risk assessment' currently
utilize an outdated list of physical security
threats stored within an Excel spreadsheet that is
managed and analyzed manually. This traditional,
time consuming approach is only a vulnerability
assessment, and not a true risk assessment that
includes the specific controls and safeguards needed
to eliminate security threats, a cost benefit
analysis of the associated financial data, and a
projected Return on Investment (ROI) based on
implementation of the selected security controls. If
your department or staff is responsible for
satisfying regulators, providing value added
physical security data internally and ultimately
protecting EVERYONE at a physical location
from harm and security threats, then automated risk
assessment is the tool of choice. For more
information on why proper risk assessment is so
necessary, please click here.
WHAT RISK ASSESSMENT CAN DO FOR YOUR ORGANIZATION
Gordon Security Solutions (GSS) offers comprehensive
risk assessment, an affordable and easy- to-use
software tool that automates the surveying, data
collection, analysis and reporting for physical
security threat assessments and the management of
these security risks. Basically, risk assessment is
a process used to identify what controls are needed
to protect your critical or sensitive assets
adequately as well as cost effectively. Our risk
assessment software determines and quantifies risk
by analyzing the relationships between: assets
value, potential threats to these assets, the
vulnerabilities that would allow the threats to
occur, the types of losses that the threats could
cause, and then most critically, safeguards that
would reduce loss or eliminate threats. The true
value of GSS risk assessment is that our automated
tool cuts down your organization's risk analysis
time commitment by 70% when compared with a
manual, spreadsheet-driven analysis. Additionally,
users of our risk assessment product have the
flexibility to conduct risk analysis within an
organization in a variety of ways: vulnerability
assessment only, risk assessment only, vulnerability
and risk assessment combined, with or without
financial data, and with or without ROI data. To
learn more about the extensive value and flexibility
of our risk assessment software,
please click here.
JUSTIFYING THE COST OF RISK ASSESSMENT SOFTWARE
The cost benefit of purchasing GSS risk assessment
software becomes startlingly clear when confronted
with the proposition of a manual risk analysis using
in-house employees and simple spreadsheets. While
the manual risk assessment can take from 10 to 15
weeks to complete and cost many thousands of dollars
in lost productivity man hours, our automated risk
assessment should only require about two weeks,
resulting in tremendous man hour cost savings.
Beyond cost effectiveness, a
critical feature of our automated risk assessment
tool is the ability to quantify your organization's
risk and provide ROI metrics based on your selected
controls once the risk assessment is complete.
Through the risk assessment reporting function,
users can generate an easy-to-understand graph that
ranks and recommends security controls by projected
ROI. Another graph measures ROI by illustrating how
implementing the top 20 controls will lead to a
cumulative loss reduction; this same graph also
displays projected loss reduction for each single
safeguard on its own. For a more detailed
explanation of the comprehensive ROI analysis
generated by our risk assessment software,
please click here.
ELIMINATE RISK WITH GORDON SECURITY SOLUTIONS
In our current environment of challenging local,
state and national security issues, risk management
requirements will continue to increase and demand
more standardization. Without a doubt, measuring and
managing your organization's physical security by
Return on Investment is the ultimate expression of
corporate accountability. And, conducting an
automated risk assessment is the best way to meet
your security requirements, quantify areas of
weakness, justify security controls, and validate
your security budget while monitoring its cost
savings potential. To schedule a demonstration of
our risk assessment software or to sign up for a
risk assessment webinar, please contact Scott Gordon
at either
Scott@GordonSecuritySolutions.com or (610)
621-2816. Gordon Security Solutions has YOUR
security solution!
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