Risk Flow

Risk management is a key element of security standards and regulations as it enables organisations to identify, assess and minimise potential threats to their information systems and data.

• For example, ISO-27001 requires organizations to identify security risks, assess their likelihood and impact, and take measures to manage them, including periodic review and updating.
• Similarly, the NIST RMF includes categorization of systems, selection and implementation of security controls, periodic assessment, and ongoing monitoring.
• SOC 2, focusing on data management for cloud service organizations, requires identifying and managing risks related to the security, availability, and integrity of data processing.
• HIPAA, which protects health information, and PCI/DSS, aimed at protecting payment cards, also have similar risk management requirements.
• The Cybersecurity Act provides a framework for protecting critical information infrastructure and requires organizations to implement measures to identify, assess, and mitigate cyber risks.

Risk Flow is a very useful tool for analysing the risks of an IT environment. Keep your organisation's assets under control. With Risk Flow, the whole team can work efficiently on analyses and with flow management you have control over all approval processes! The tool enables effective risk monitoring and management, making it easier not only to identify and assess risks, but also to implement and monitor actions to reduce those risks.

Risk Flow encourages collaboration within the team so that all members can contribute their knowledge and experience, increasing the overall effectiveness of the risk management process. Additionally, with flow management, you can easily monitor and manage all approval processes, ensuring that no step is overlooked and all risks are properly addressed.

We use an artificial intelligence module that can be completely isolated from the Internet in On-Premise installations. In this way you can use the full potential of AI integration and at the same time be sure that no third party has access to your data. This module offers advanced analytical capabilities, which significantly increases the efficiency and accuracy of risk management and other critical operations.

This setup allows you to have full control over your data and ensures that sensitive information remains safe within your infrastructure, which is especially important for organizations with high security and data protection requirements.

It is also possible to connect Risk Flow to third-party systems such as Open AI.

• Risk Flow can be run on your own infrastructure and thus have control over all parts of the system and the stored data.
• We are also happy to offer you the option to operate 100% in our cloud and take care of the infrastructure management for you.

This means you can choose between having full control of your system and data within your own infrastructure or the convenience and ease of management offered by our cloud solution.

Either way, we provide a high level of security and reliability, so you can rest assured that your data and processes are in good hands. If you choose the cloud option, our expert team will take care of all the technical aspects, including updates, maintenance and backups, allowing you to focus on your core business activities without having to invest in your own IT infrastructure.

The system is suitable for any large company or organization that has some IT assets and wants (or needs) to regularly assess risks, threats, vulnerabilities and their potential impact. Regardless of size or line of business, this system provides tools for comprehensive risk analysis and management, enabling organizations to effectively identify potential threats and implement appropriate mitigation measures.

The system supports scalability, making it equally effective for small businesses and large corporations with extensive IT infrastructures.

Asset management, supplier management and supplier evaluation are key elements of effective risk management in an organisation.

• Asset management allows organizations to have a clear view of all IT assets such as hardware, software, data and other key components. In this way, it is possible to identify exactly which assets are the most critical to operations and which could be most vulnerable to risks. Effective asset management involves assessing and updating them regularly, ensuring that they are always protected from potential threats.
• Supplier management is another critical aspect of risk management. Suppliers may have access to sensitive information and systems, so it is important to be aware of their security measures and to exercise caution when selecting them. Regularly evaluating suppliers for their security standards and reliability helps to minimise the risks associated with external partners. Supplier assessments include a thorough review of their capabilities and security practices, which helps to identify potential weaknesses in the supply chain. This includes contractual terms and conditions relating to security and data protection, ensuring that suppliers meet the requirements.

The combination of asset management, supplier management and supplier assessment creates a robust framework for identifying, assessing and mitigating risks, leading to an overall improvement in the security and reliability of the organisation.

• Risk analysis allows organisations to not only identify risks, but also to plan for their management and mitigation.
• Risk management plans define the specific actions and procedures that an organisation will take to minimise identified risks. This includes, for example, implementing security controls, training employees, improving processes or ensuring sufficient reserves for financial risks.
• A statement of applicability is a document that an organisation produces based on a risk analysis. This document specifies what security requirements and controls are relevant to the organisation and how they are implemented. The applicability statement is an important tool for demonstrating compliance with relevant standards and regulations and for communicating transparently to internal and external stakeholders the organisation's security arrangements.

• Approval processes are an important element of risk management, ensuring that proposed risk management measures are accepted and approved by the appropriate levels of management in the organisation. These processes include a thorough assessment of the proposed solutions to ensure their effectiveness and consistency with the defined objectives of the organisation. The approval processes also include the establishment of responsibilities for the implementation and monitoring of the measures adopted.
• Auditing is an important tool for verifying and assessing the effectiveness of and compliance with implemented security measures and risk management processes. Internal audits are conducted by independent auditors to assess the organization's compliance with established standards and procedures. External audits are often performed by independent third parties to assess the level of compliance with external standards, rules and regulations. Audit findings and recommendations provide the organization with important information for continuous improvement and optimization of safety and management processes.