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What Is A Cyber Security Risk Assessment?

Identify Potential Threats and Vulnerabilities

What is the process for conducting a risk assessment? Will a cyber security assessment cripple our systems? What if the risk assessment discovers significant issues?

If you have questions about cybersecurity assessments, you are not alone. Many business owners in the Gulf South feel the same way. Turn Key Solutions can guide you through the process. We will help you understand what to expect before we begin.

An effective vulnerability management program can prevent 70% of all known exploitations.

What Is A Cyber Security Risk Assessment?

A cybersecurity risk assessment identifies and evaluates the potential threats and vulnerabilities in an organization’s information systems to improve security measures. This process helps businesses find risks to their IT systems. This includes important things like hardware, software, networks, and data.

By examining threats like cyber criminals and natural disasters, businesses can understand the risks involved. They can then create plans to reduce possible damage to help protect their important data and systems.

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Hackers only need one weakness to cripple your business completely.

Regular cybersecurity assessments are important for organizations. They help find weaknesses in data, networks, and systems. This allows organizations to take steps to reduce risks.

These evaluations allow companies to stay ahead of sophisticated cyberattacks by reducing vulnerabilities and preventing costly incidents like data breaches and system downtime.

Assessments help businesses avoid significant financial losses and damage to their reputation. They do this by preventing breaches and downtime. Assessments also ensure that companies follow important rules, like HIPAA and PCI.


Benefits of Turn Key Solutions’ Cybersecurity Risk Assessment services include:

  • Leads To Increased Awareness – Employees learn about the specific threats that could impact your business and how these risks may directly influence their roles. This education encourages them to integrate cybersecurity practices into their day-to-day responsibilities, helping to reduce vulnerabilities across the organization.
  • Helps To Mitigate Future Risk – Helps your business anticipate potential breaches, allowing you to mitigate damage and save resources. By being ready for the worst, your company can handle threats more effectively, even if the worst never happens.
  • Leads To Enhanced Communication – Enhances communication by fostering collaboration among employees and stakeholders, ensuring your team is better prepared to report breaches or suspicious activity.
  • Helps to Prevent Data Breaches – A risk assessment allows you to spot and close the gaps that could lead to data breaches, keeping sensitive information secure and protecting your reputation.
  • Boosts Compliance – Ensures your business meets industry-specific regulations (such as HIPAA, PCI-DSS) and avoids costly penalties for non-compliance.
  • Supports Long-term Growth – A secure business can expand confidently, knowing its IT infrastructure is strong enough to handle growth without compromising security.
  • Reduces Downtime – By identifying vulnerabilities and proactively addressing them, you minimize the risk of costly system outages due to cyber incidents.
  • Enables Informed Decision-Making – Offers leadership actionable insights into the security landscape, allowing for informed strategic decisions around technology investments.

Turn Key Solutions will help you create a security solution that suits your business and technology needs. We begin this process by conducting a thorough assessment.

Once we’ve conducted a thorough assessment, we review the results with our clients in simple no-geek-speak terms, clearly illustrating the path forward.

Here are some of the most commonly asked questions that we receive from our clients:

How often should I conduct a cybersecurity risk assessment?

  • We recommend conducting yearly risk assessments to ensure your defenses are up to date. We might suggest more frequent assessments to address emerging threats effectively in rapidly changing environments or businesses undergoing significant changes.

How long does the assessment process take?

  • On average, a comprehensive risk assessment takes about 3 weeks. This includes evaluating your IT systems, identifying risks, and preparing the final report. The exact time needed may vary depending on your organization’s size and complexity.

Will the assessment help me comply with regulations and industry standards?

  • We customize our risk evaluations to help you adhere to diverse regulatory and industry norms. Identify compliance shortcomings to implement measures that satisfy standards such as HIPAA, GDPR, or PCI DSS.

What specific threats and vulnerabilities does a risk assessment cover?

  • We carefully check for risks. This includes threats like malware, phishing, and weak spots in our network. We also look for internal risks and software problems. We cover all potential areas of concern to provide a thorough evaluation.

What happens after the assessment is complete?

  • We will provide a detailed report outlining identified risks and vulnerabilities, along with actionable recommendations for improving your security posture. Our team will walk you through the implementation process addressing any identified issues.

Will conducting a risk assessment lower my cybersecurity insurance premiums?

  • A risk assessment alone may not immediately impact your premiums, but it helps you build a stronger security framework. Insurance providers often offer better rates to businesses with robust security practices.

Without a disaster recovery plan, your business may never recover after our next storm.

Still not sure if your business really needs a risk assessment? Check out these scary but true statistics:

  • 70% of organizations with a vulnerability management program report fewer breaches compared to those without one. (Source: Ponemon Institute)
  • Companies that perform regular vulnerability assessments are 30% less likely to suffer a data breach compared to those that don’t. (Source: IBM Security)
  • According to a 2021 report, 71% of successful cyberattacks exploit known vulnerabilities that had patches available. (Source: Verizon Data Breach Investigations Report)
  • 80% of breaches could have been avoided with proper vulnerability management and timely patching of known vulnerabilities. (Source: Rapid7)
  • Firms with effective vulnerability detection and response programs experience 50% fewer successful attacks than those without. (Source: Cybersecurity Insiders)
  • Organizations that implement vulnerability management strategies see a 40% reduction in the cost of a data breach. (Source: Ponemon Institute)
  • In 2020, 54% of data breaches were due to unpatched vulnerabilities, underscoring the critical role of vulnerability management in preventing breaches. (Source: IBM Security)
  • Regular vulnerability scanning can reduce the likelihood of data breaches by up to 60% by identifying and addressing weaknesses before attackers can exploit them. (Source: Qualys)
  • 92% of breaches are caused by vulnerabilities that were known but not patched, highlighting the need for robust vulnerability management. (Source: Verizon)
  • Businesses that adopt proactive vulnerability management are 35% less likely to experience significant operational disruptions following a breach. (Source: Forrester Research)
  • An effective vulnerability management program can prevent 70% of all known exploitations from occurring. (Source: SANS Institute)
  • Companies that perform continuous vulnerability assessments face 45% fewer successful cyberattacks compared to those that conduct assessments sporadically. (Source: McAfee)
  • Timely patching of vulnerabilities can reduce the risk of a breach by up to 75%, emphasizing the importance of prompt updates. (Source: NIST)
  • 72% of organizations that failed to detect vulnerabilities before breaches reported higher financial losses compared to those with effective detection strategies. (Source: Ponemon Institute)
  • Regular vulnerability assessments can decrease the average cost of a data breach by 27% by mitigating the risks associated with known vulnerabilities. (Source: IBM Security)
  • Companies with a comprehensive vulnerability management program have a 40% lower chance of experiencing a breach due to unpatched software. (Source: Cybersecurity Ventures)
  • 68% of successful breaches could have been avoided with effective vulnerability management and patching strategies. (Source: Cisco)
  • Organizations that prioritize vulnerability management and patching see a 50% reduction in the time taken to detect and respond to breaches. (Source: Rapid7)
  • Effective vulnerability management can cut the incidence of data breaches by 55%, demonstrating the value of proactive security measures. (Source: Forrester)
  • Businesses that perform regular vulnerability assessments experience 60% fewer successful attacks compared to those that rely solely on reactive security measures. (Source: Qualys)

Think your IT systems are secure? A single flaw could expose you to devastating attacks.

Our cyber security services help you comply with important industry standards like HIPAA and NIST.

We can help make your business secure. We will set clear security goals. We will understand your needs. Then, we will work together to make the necessary improvements.

What is a cybersecurity risk assessment

I need a qualified cybersecurity company near me!

If you’ve been looking for a local, highly qualified network security company then you are in the right place.   Turn Key Solutions has teams ready to go in Dallas, Baton Rouge, and the greater New Orleans areas.

Your company shouldn’t fear hackers, cyber-attacks, or expensive data breaches anymore.   Defend what truly matters with Cyber Security Services, Solutions, and Support from Turn Key Solutions.

Contact us today to learn more about how we can tailor a custom solution plan to meet your exact needs!

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