Risk assessments

Do you have visibility on the risks your business may be exposed to?

Whether you think you do or not, conducting periodic risk assessments is essential for flagging potential threats. These evaluations present you with key insights into your current exposure and risk posture, allowing you to make informed business decisions.

Overcoming common risk challenges

In addition to providing visibility, our risk assessments help address pain points across various fields, including:

Breach readiness and response
Compliance and regulatory requirements
Customer and contractual obligations
Evolving threat landscapes

Expanding data footprint and business environment
M&A due diligence
Reporting risks to the board
Peer benchmarking

What do risk assessments identify?

Potential risks to assets that are critical to your business operations
Likelihood and impact of threats that could target your organization
Gaps in your current processes that create exploitable vulnerabilities

How do our risk assessments work for you?

Our professionals will help identify and prioritize your business risks
We have the experience to advise on the most unique compliance/industry frameworks

To meet your unique needs, we offer assessments in several critical areas, including:

Business process risk: Determine the potential exposure your organization has to financial losses if a breach were to occur. Then, use your custom road map to improve your security program.
Cybersecurity Rapid Assessment®: Analyze risk and/or maturity against a high-level subset of the NIST CSF framework. Identify major gap areas and use results to establish program needs and growth, based on your organizational risk and prioritization. Quickly identify your risks >
Framework-driven maturity: Evaluate your current processes and controls to gain insights. Use these to better your information security efforts and enhance your ability to identify, protect, detect, respond to and recover from a cyber incident.
Framework-driven risk: Support your executives in making business decisions that better align security efforts with enterprise risk.
IT risk: Understand the risk profile of your technology infrastructure and identify the highest areas of risk. Use your findings to design a more effective IT audit program. The cornerstone of your strategy >

Physical site: Gain insights to your physical security posture as it relates to protecting individuals and data within your facilities. Additionally, we make sure that safety systems and communication are consistent across your control groups.
Privacy: Get a detailed look at your organization’s data privacy policies, practices and overall program. We help you understand, design, implement and maintain an effective privacy function that can support compliance efforts and mitigate risks to personal data.
Ransomware risk: Be aware of the potential spread of infection and determine your business’ response and recovery capabilities. Through interviews and document reviews, we initiate a technical emulation of a ransomware attack, providing you with a realistic validation of the controls in place.
Third-party risk: Get a custom blueprint to help identify and manage your third-party risks. Address your key vendor risks >

Enterprise risk: Make it easy for management and key stakeholders to identify and agree to the key risks facing the organization.

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The value of a robust model risk management framework

Strong risk management benefits everyone. Help your organization improve efficiency, make better decisions and achieve strategic objectives.

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The middle market continues to battle evolving cybersecurity risks

Our latest report finds the middle market remaining a primary target for attacks as the threat environment has evolved over time.

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RSM Canada LLP is a limited liability partnership that provides public accounting services and is the Canadian member firm of RSM International, a global network of independent assurance, tax and consulting firms. RSM Canada Consulting LP is a limited partnership that provides consulting services and is an affiliate of RSM US LLP, a member firm of RSM International. The member firms of RSM International collaborate to provide services to global clients but are separate and distinct legal entities that cannot obligate each other. Each member firm is responsible only for its own acts and omissions, and not those of any other party. Visit rsmcanada.com/about for more information regarding RSM Canada and RSM International.

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