Information Risk Management

Information Risk Management

What is Information Risk Management ?

Reducing your organisation’s infotech vulnerabilities and protecting it against cyberattacks.

  • IT Risk Management entails within itself a company’s policies, procedures, and technologies for mitigating threats from hostile actors and reducing information technology vulnerabilities that jeopardise data confidentiality, integrity, and availability.
  • Organisations can better prepare for cyberattacks and reduce the impact of an unforeseen cyber incident if potential vulnerabilities in their organisation’s IT network are identified and analysed. An IT risk management program’s procedures and rules can assist and influence future decisions on controlling risk while focusing on the organisation’s goals.

Application

  • The security rules are applicable on “covered entities” which includes health plans, pharmacy, radiology and electronic health records (EHR) labs, health care clearinghouses, laboratories and to any health care provider.

Requirements

  • Ensure the confidentiality, integrity, and availability of all e-PHI they create, receive, maintain or transmit.
  • Identify and protect against reasonably anticipated threats to the security or integrity of the information.
  • Protect against reasonably anticipated, impermissible uses or disclosures.
  • Ensure compliance by their workforce.
  • Risk Management of e-PHI
  • Administrative safeguards: security management process, Information access management, workforce training and management, and workstation and device security.
  • Technical safeguards: Access control, integrity controls, and transmission security etc.

Non-compliance

The U.S. Department of Health and Human Services (HHS) may impose civil money penalties up to $100 per failure. The upper limit for penalty per year is $25,000. If anyone discloses or obtains information with malicious intention, it may attract criminal penalty of $50,000 and up to one-year imprisonment.

Our Approach

Covers every aspect, from Risk Identification to its Reporting.

  • The approach entails the necessary steps of Information Security Risk Management which include everything; From Risk identification to its final reporting.
  • Amongst the four strategies that usually apply, namely of Risk avoidance, acceptance, sharing, and retention, we cherry-pick the one most suited to the needs and nature of your business.
  • We believe in minimising the negative impacts and risks while maximizing infotech security.

Non-compliance

The U.S. Department of Health and Human Services (HHS) may impose civil money penalties up to $100 per failure. The upper limit for penalty per year is $25,000. If anyone discloses or obtains information with malicious intention, it may attract criminal penalty of $50,000 and up to one-year imprisonment.

Advantages

Gap analysis

  • Thorough evaluation and management of your supplier’s and service provider’s networks vulnerabilities and protecting them against cyberattacks. Mitigates risks and vulnerabilities to help stay ahead of the game and defeat threat actors.
  • Building trust in clients and increment in the organisation’s reputation for sales purposes.
  • Easy and fast procurement of information.
  • Significantly lowers cybersecurity risks, and helps in their mitigation and prevention.
  • Provides complete transparency for better business decision making.
  • Provides an edge over other organisations and keeps the business running in the face of cybersecurity emergencies.

Advantages

  • Thorough evaluation and management of your supplier’s and service provider’s networks vulnerabilities and protecting them against cyberattacks.
  • Easy and fast procurement of information.
  • Significantly lowers cybersecurity risks, and helps in their mitigation and prevention.
  • Provides complete transparency for better business decision making.
  • Provides an edge over other organisations and keeps the business running in the face of cybersecurity emergencies.
  • Building trust in clients and increment in the organisation’s reputation for sales purposes.

Why Us?

Tsaaro gives you constant feedback on the success of your IT risk management programme. We rely on freely accessible data from around the internet and then correlate it to provide insight into ten factors essential to IT Risk Management such as IP reputation, DNS health, web application security, network security, leaked credentials, hacker chatter, endpoint security, and patching cadence.

We categorise existing and potential risks on an easily understandable scale to understand the amount of harm better that the risk can unleash on your IT landscape, thus helping you re-prioritize your attention towards the risks posed.

Why Us?

Tsaaro gives you constant feedback on the success of your IT risk management programme. We rely on freely accessible data from around the internet and then correlate it to provide insight into ten factors essential to IT Risk Management such as IP reputation, DNS health, web application security, network security, leaked credentials, hacker chatter, endpoint security, and patching cadence.

We categorise existing and potential risks on an easily understandable scale to understand the amount of harm better that the risk can unleash on your IT landscape, thus helping you re-prioritize your attention towards the risks posed.