Advisory Services

IT Security Risk Assessment

What is Information Risk Assessment?

Information risk assessment (a.k.a. Security Risk Assessment) is the process of identifying, estimating, and prioritising IT security risks. This provides a holistic view of the portfolio of assets, allowing managers to make informed resource allocation, tooling, and security control implementation decisions.


Objective of an IT Security Risk Assessment

Assess whether the ICT security controls in the system are working as intended
Assess the risks associated with the project
Establish a framework within which all the planned risk assessment activities will be managed, executed, and completed

Approach & Methodology

The IT Security Risk Assessment process will be based on international information security and risk management best practices. Defining the risk likelihood, risk impact, and risk categorisation will follow the guidance of:

NIST 800-30r1
Guide for Conduction Risk Assessment
ISO/IEC 27001:2011
Information Technology - Security Techniques – Information security risk management
NIST 800-37r2
Risk Management Framework for Information Systems and Organization.

The proposed decision to put security controls as an appropriate response plan for a particular risk will refer to NIST 800-54r4 Security and Privacy Controls in Federal Information Systems and Organizations.


Prepare for assessment

  • Define the scope of its risk management activities
  • Establish context of risk management process


Conduct the assessment

  • The process of risk identification, risk analysis and risk evaluation


Communication and consultation

  • Assist relevant stakeholders in understanding risk
  • Understand reasons why particular actions are required


Monitoring and review

  • Assure and improve the quality and effectiveness of process of process design, implementation and outcomes


Recording and reporting

  • Document and report the outcome through appropriate mechanisms

Why softScheck

In today’s business environment, companies must make IT security risk assessments a priority in order to protect their data and their reputation. At softScheck Singapore, we pride ourselves on providing the highest quality security assessments, project planning, and execution. As a leading CREST approved cybersecurity consultancy in Singapore, our team has a wealth of experience in helping organisations to understand, manage and reduce their cybersecurity risks. We offer a comprehensive range of services, from IT security risk assessments and web application threat modeling to penetration testing and IoT security testing.

Contact us today to discuss your specific needs and see how we can help you secure your networks.