Risk assessment is the determination of quantitative or qualitative value of risk related to a concrete situation and a recognized threat or hazard. Quantitative risk assessment requires calculations of two components of risk; the magnitude of the potential loss, and, the probability that the loss will occur.
Policies and Procedures
Empowering your employees to recognize common cyber threats can be beneficial to your organization’s computer security. Security awareness training teaches employees to understand vulnerabilities and threats to business operations. Your employees need to be aware of their responsibilities and accountabilities when using a computer on a business network.
IDTBS offers Identity Theft Protection Plans in flexible benefits packages that integrate easily into your existing employee benefits program. We also provide you with the tools and resources to make implementation easy.
Protect Your Biggest Asset
Risk is the possibility of something adverse happening. The process of identity theft risk management is identifying risks related to sensitive and non-public information, assessing the likelihood of a breach or data loss, and then taking steps to reduce the risk to an acceptable level. The identity theft risk assessment process begins with determining the area(s) to be assessed, identifying the type(s) of information circulating the area(s), reviewing the day-to-day business operations that may put information at risk and then making formal recommendations of the controls needed to lower the likelihood of an identity theft occurrence.
Implementing Policies and Procedures
In addition, your company’s security practices depend on the people who implement them, including independent agents and service providers. Before you outsource or subcontract any part of your business functions, investigate the company’s data security practices and compare their standards to yours. If possible visit their facilities. Select service providers that are “qualified” to maintain appropriate safeguards and make sure your contract requires them to adhere to the identity theft privacy laws.
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Let One Of Our Specialist See How Vulnerable Your Business Is.