Cybersecurity risk assessment services

Q: What is a cybersecurity risk assessment?

A cybersecurity risk assessment is a systematic process of identifying, analyzing, and evaluating potential cyber threats and vulnerabilities that could impact an organization’s information security. The goal is to understand the potential harm if these threats materialize and to prioritize risks to implement effective security controls. This process helps define an organization’s security posture and guides its cybersecurity risk management strategy. It’s a cornerstone of any robust cybersecurity service.

Q: Why is cybersecurity risk assessment important for IoT devices?

For IoT devices, cybersecurity risk assessment is critical because these devices often operate in diverse environments, collect sensitive data, and can be entry points for attackers. An assessment helps to identify and prioritize unique vulnerabilities and threats specific to connected hardware, firmware, and communication protocols. It ensures that devices are “secure by design” and that security gaps are addressed proactively, preventing potential data breaches or operational disruptions. This makes it a vital part of IoT product development services.

Q: What does a risk assessment include?

We conduct cybersecurity risk assessments through a multi-step process. First, we identify and prioritize assets and data to protect. Then, we identify vulnerabilities and threats that could exploit these assets. We then analyze risk by evaluating the likelihood and impact of each identified risk, determining risk levels. Finally, we recommend and prioritize appropriate security measures to mitigate risks, providing a comprehensive view of your current security posture. This often involves a risk-based approach to cyber security risk assessment.

Q: What is the role of cybersecurity assessment services in ongoing security?

Cybersecurity assessment services play a vital role in ongoing security by providing regular evaluations of your systems and IoT devices. Beyond the initial risk assessment, these cybersecurity services offer continuous monitoring, re-assessment of evolving cyber threats, and verification of implemented security controls. They help maintain a strong security posture, identify new vulnerabilities, and ensure compliance, adapting to the dynamic landscape of cybersecurity risks. This proactive approach to risk assessment in cybersecurity is key for long-term protection.

Witekio strengthens your IoT devices’ defenses from cybersecurity risk assessment to secure by design development and maintenance.

Our cybersecurity risk management expertise

Security risk assessment

We help you identify potential threats, vulnerabilities, and risks, and recommend security controls to ensure safe and secure operation.

Secure system architecture

We design and structure the security controls needed to protect your system against cyber threats and vulnerabilities.

Secure development

We help you implement secure development practices, including secure coding, continuous integration and deployment.

Secure update & CVE patching

Regularly update your device software and hardware to address known vulnerabilities, as identified by CVE reports.

Holger Schroth

Chief Product Officer

Witekio delivered or even overdelivered on everything we expected. It makes us happy and confident to have such a skilled and solution focused partner on our side.

Risk assessment: Our “security by design” approach

Define information security expectations

Start with establishing information security policies, standards, procedures, and baselines. Defining business security expectations in policy documents forms the foundation of any security program and is the initial step towards implementing the security by design principle.

Perform a cyber risk assessment

Perform a thorough risk assessment to identify potential cyber threats, vulnerabilities, and risks within the environment. This step aids in prioritizing security measures and understanding risk levels.

Monitoring, Secure Update & Maintenance

Continuously monitor security systems, update software, and perform regular scheduled maintenance to ensure that security measures remain effective and up-to-date. Mechanisms for secure remote updates and monitored device maintenance should be implemented to mitigate risks and ensure ongoing security risk management.

Documentation for compliance and risk assessment

Maintain comprehensive documentation of security policies, procedures, configurations, and incident reports. This documentation is crucial for compliance and continuous improvement, and it can serve as potential evidence in post-incident investigations, particularly in cases of data breach.

SUCCESS STORY

Security Hardening for Firstkind medical device: a case in cybersecurity risk management

Firstkind Ltd already had a successful medical device in the market, but they wanted to launch a new product range to address different users needs. This new device would be designed to help elite athletes, using the sport variant of the medical device, to benefit from device reuse.

To achieve this, Firstkind Ltd aimed to adapt their existing device model and add Bluetooth connectivity so that it could be used in parallel with an application. But with any connectivity comes security and optimization requirements. On top of development, Firstkind wanted to create a clear software and security roadmap for future releases. The team selected Witekio to help deliver:

A full Proof of Concept from hardware advice to software protocols
Security for the device connectivity
Custom software to enable Bluetooth Low Energy
User interface mapping and development

Reinforce your device's security now: get your cybersecurity assessment

We are device security experts

With more than 22 years of experience in IoT device security assessment, embedded systems security, and software development, we know that every connected product comes with unique risks and vulnerabilities. We’re experts at finding and fixing those vulnerabilities. Our cybersecurity assessment services are designed to improve your security posture and provide a comprehensive IT security assessment.

4 Countries

4 countries

ISO 27001 certified

fortune 500 owned

Our maintenance and security services,
enhancing your cyber resilience

Long-term support

CVE SCANNER

Cyber resilience act

Cybersecurity risk assessment: FAQ

What is a cybersecurity risk assessment?

A cybersecurity risk assessment is a systematic process of identifying, analyzing, and evaluating potential cyber threats and vulnerabilities that could impact an organization’s information security. The goal is to understand the potential harm if these threats materialize and to prioritize risks to implement effective security controls. This process helps define an organization’s security posture and guides its cybersecurity risk management strategy. It’s a cornerstone of any robust cybersecurity service.

Why is cybersecurity risk assessment important for IoT devices?

For IoT devices, cybersecurity risk assessment is critical because these devices often operate in diverse environments, collect sensitive data, and can be entry points for attackers. An assessment helps to identify and prioritize unique vulnerabilities and threats specific to connected hardware, firmware, and communication protocols. It ensures that devices are “secure by design” and that security gaps are addressed proactively, preventing potential data breaches or operational disruptions. This makes it a vital part of IoT product development services.

What does a risk assessment include?

We conduct cybersecurity risk assessments through a multi-step process. First, we identify and prioritize assets and data to protect. Then, we identify vulnerabilities and threats that could exploit these assets. We then analyze risk by evaluating the likelihood and impact of each identified risk, determining risk levels. Finally, we recommend and prioritize appropriate security measures to mitigate risks, providing a comprehensive view of your current security posture. This often involves a risk-based approach to cyber security risk assessment.

What are the key outcomes of a cybersecurity risk assessment?

The key outcomes of a cybersecurity risk assessment include a clear understanding of an organization’s risk levels, a prioritized list of vulnerabilities and threats, and recommended security controls and mitigation strategies. It helps organizations make informed decisions about security investments, adhere to compliance requirements, and enhance their overall cyber resilience. It also provides a roadmap for continuous security risk management.

What is the role of cybersecurity assessment services in ongoing security?

Cybersecurity assessment services play a vital role in ongoing security by providing regular evaluations of your systems and IoT devices. Beyond the initial risk assessment, these cybersecurity services offer continuous monitoring, re-assessment of evolving cyber threats, and verification of implemented security controls. They help maintain a strong security posture, identify new vulnerabilities, and ensure compliance, adapting to the dynamic landscape of cybersecurity risks. This proactive approach to risk assessment in cybersecurity is key for long-term protection.

What are the benefits of a cybersecurity risk assessment?

The benefits of a cybersecurity risk assessment are substantial and central to effective risk management. They include:

Informed decision-making: providing a clear, data-driven basis to prioritize risks and guide security investment to mitigate risks where they matter most.

Vulnerability reduction: proactively identifying vulnerabilities and threats before they can lead to a data breach, thereby addressing crucial security gaps.

Compliance & audit readiness: ensuring adherence to industry-specific regulations and standards, such as GDPR, HIPAA, or the Payment Card Industry Data Security Standard (PCI DSS).

Enhanced cyber resilience: improving the organization’s ability to withstand and recover from cyber threats, strengthening its overall security posture.

Business continuity: protecting critical operations, data, and reputation by managing and reducing high risk levels.

Cybersecurity risk assessment services