Operational Risk Management

At Cyberensic Global Advisory, our specialization lies in the realm of Operational Risk Management, where we redefine the approach to risk mitigation. Beyond just minimizing losses, we take a strategic approach to assist our clients in identifying the most impactful actions and prioritizing them for implementation. Our philosophy revolves around focusing on the "low-hanging fruits" that yield maximum benefits, ensuring efficient risk management.

In the world of operational risk, cost-benefit analysis is paramount. This analysis forms the cornerstone of our methodology. Operational risks encompass a vast array of potential threats, from issues related to people, processes, and technology to challenges like fire, natural calamities, internal fraud, incomplete documentation, and many more. The list can be exhaustive, and attempting to address every risk could entail substantial financial investments.

However, at Cyberensic Global Advisory, we don't dictate where you should stop; instead, we guide you on where to start. Our mission is to help you make informed decisions on how to allocate your Risk Management resources effectively. We work collaboratively with you to determine the most efficient and impactful ways to invest in managing and mitigating operational risks, ensuring that your Risk Management budget is optimally utilized for the best possible outcomes.

We Understand Your Unique Needs!

At Cyberensic Global, we recognize that each organization is distinct, with its own set of needs and objectives. That's why our consultancy services are fully tailored to address the unique requirements of our clients. We take a collaborative approach, working closely with organizations to craft bespoke solutions that seamlessly align with their business goals, industry-specific regulations, and the intricacies of their risk landscape.

Our commitment to understanding your organization, combined with our industry expertise, empowers us to deliver solutions that not only meet but exceed your expectations. With Cyberensic Global, you can rest assured that your organization's cybersecurity and information security needs are in capable hands.

Benefits

Assured Business Continuity: ORM plays a pivotal role in ensuring business continuity, helping organizations weather disruptions and challenges while maintaining essential operations.

Lower Compliance Costs: Effective ORM can lead to lower compliance costs by proactively identifying and addressing compliance-related risks and issues.

Business Resilience:ORM enhances an organization's resilience by identifying, assessing, and mitigating risks, making it better prepared to withstand unexpected disruptions to its operations.

Efficiency Improvement: Control activities associated with ORM are often based on quantitative metrics, streamlining decision-making processes. This data-driven approach can lead to improved operational efficiency.

Risk Prevention and Detection: ORM helps in developing internal controls that are designed to prevent and detect illicit activities within the organization, reducing the likelihood of fraud or misconduct.

Enhanced Trust and Competitive Advantage: ORM programs demonstrate to customers and stakeholders that the organization is well-prepared to handle disasters and losses. This builds trust and confers a strong competitive advantage.

The 7 Categories of Operational Risk

The four causes above can be expanded and broken into 7 main categories of operational risk. These 7 primary categories include (in no particular order):

Internal fraud:

employees conspiring and often colluding to overtake internal controls and misappropriate company resources.

External fraud:

independent parties outside of the company attempting to bribe, thieve, forge, or cyberattack.

Technology failures:

deficiencies in computer systems, hardware, software, or the interaction between any of their components.

Process execution:

management's inability to properly assess a situation and deploy the right strategy or failure to execute a correct strategy.

Safety:

violation or risk of violation of workplace safety measures, whether physical, mental, or other.

Natural disasters:

inclement weather, fire, or harsh winter conditions that can put physical assets at risk and make it impossible for employees to perform their daily tasks.

Business practices:

operational activities that harm customers, mislead information, incite negligence, or accidently not be in compliance of requirements.

For further information, please contact us at cyberensic@outlook.com

Frequently asked questions

Cyberensic is a leading cybersecurity firm dedicated to safeguarding businesses and individuals from digital threats. We provide comprehensive security solutions and services to protect your digital assets and privacy.

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Absolutely. Data security is our top priority. We adhere to strict confidentiality and privacy policies to ensure all client data is handled securely and in compliance with applicable laws and regulations.

Yes, Cyberensic provides cybersecurity solutions for businesses of all sizes, from small startups to large enterprises. Our solutions are scalable and tailored to meet the specific needs and budgets of each client.

To request a consultation, simply visit our website and fill out the contact form on the "Contact" page. We'll get in touch with you shortly to schedule a meeting.

You can reach our support team via email at support@cyberensicglobal.com or call our helpline at +91-9113932624.

Cyberensic offers a range of services including: Cyber Security Advisory, Enterprise Risk Management, Fraud & Forensic, GDPR, HIPAA Compliance and many more.

Cyberensic was established in Aug 2023 with the aim of providing top cybersecurity solutions to meet the growing digital security needs of individuals and businesses.

Cyberensic was founded to bridge the gap in cybersecurity services and address the rising cyber threats, ensuring that businesses and individuals have access to robust protection and guidance in the digital realm.

Operational Risk Management