Risk & Threat Assessments / Consulting Services
Ensuring the security of your organization is paramount, and it starts with a comprehensive security risk analysis, also known as risk assessment. At [Your Company Name], our corporate security specialists provide expert consulting services to assess the risks your organization faces, enabling you to implement effective controls and expenditures in line with those risks.

 

Quantitative Risk Analysis: Making Informed Decisions
In quantitative risk analysis, we evaluate two critical elements: the probability of an event occurring and the potential loss should that event occur. By combining these factors, we calculate the 'Annual Loss Expectancy (ALE)' or the 'Estimated Annual Cost (EAC)' for a particular event. This approach allows for ranking events by risk, aiding in informed decision-making. However, we acknowledge that precise data is not always attainable, and probability estimations may vary. To address these challenges, we apply our expertise to derive meaningful insights.

 

Qualitative Risk Analysis: A Widely Adopted Approach
Our widely adopted qualitative risk analysis approach does not require probability data. Instead, we focus on estimating potential losses. By examining threats, vulnerabilities, and controls, we create a holistic view of your organization's security landscape.

 

Key Elements in Qualitative Risk Analysis:

1. Threats: These are potential events that can jeopardize your organization, ranging from fire incidents to fraud attempts. Identifying and understanding these threats is essential in preparing an effective security strategy.

 

2. Vulnerabilities: Vulnerabilities increase the likelihood of an attack's success or impact. Whether it's the presence of inflammable materials for fire-related vulnerabilities or other weaknesses, we identify areas that need safeguarding.

 

3. Controls: Controls are countermeasures put in place to address vulnerabilities and mitigate threats. 

 

Our expert team categorizes controls into four types:
    - Deterrent controls: Reducing the likelihood of deliberate attacks.
    - Preventative controls: Protecting vulnerabilities and thwarting attacks or minimizing their impact.
    - Corrective controls: Minimizing the effects of an attack.
    - Detective controls: Uncovering attacks and triggering preventative or corrective measures.

 

At Master Control,  we combine our expertise with the latest methodologies to conduct meticulous qualitative risk analysis. This ensures a comprehensive evaluation of your organization's security landscape, allowing us to recommend tailor-made security solutions that safeguard your assets and minimize risks effectively.