Enterprise Risk Management (ERM) Services

Risk Cognizance has developed a Intelligent Risk Management Framework (“IRMF”), which includes best practices in identifying, measuring, monitoring and responding to risks associated with cybersecurity, technology and operations, legal, data privacy, financial crimes, payment among others. As a result, this Intelligent Risk Management Framework is well aligned with current and planned business and operational requirements. During our engagement, we will take a risk-based approach in assessing your current ERM program against the functions defined in the IRMF. Leveraging a common, intelligent framework will allow for a consistent assessment of our clients operations across multiple locations. A standardized ERM baseline current state profile will enable our client to re-evaluate progress at a later point in time.

Cyber Security Operations Consulting’s mission is to build excellence in risk management, in all sectors and across the world. 


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ERM program assessment – focusing on prioritization of business risks and associated threats that are relevant to the firm.

  • Document the risk and threat baseline for the firm – ensuring alignment of ERM and cybersecurity programs with leading industry practices and frameworks as well as peer benchmarking.

  • Review the Cybersecurity Program to identify potential gaps and determine residual risks – leveraging the cyber risk and threat baseline and leading industry frameworks (NIST, ISO/IEC, PCI-DSS, SANS etc.).

  • Create a detailed ERM program blueprint with narratives for each component, role and responsibility.

  • Prepare a detailed report for senior management – focusing on the baseline of firm-wide risks and threats as well as the identified gaps and associated remediation plan.

  1. Develop ERM tools, framework and reporting dashboards that will support the target-state governance model and operations:

    • Crisis Management Plan that will reflect the needs of respective country offices.

    • Incident Response Protocol with decision tree and escalation protocols for each country office.

    • Risk Reporting Dashboard with associated metrics and risk scorecards

    • Business Continuity Implementation Roadmap with stakeholder involvement in its development, review and implementation.

  2. Provide on-demand ERM training and awareness programs for all staff levels geared towards the target operating model, governance and escalation procedures.

    • Develop and execute tactical plans supporting the implementation of specific components in the ERM ecosystem.


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CyberSecOP Enterprise Risk Management firm will perform the following: 

ERM Report and Gap Analysis Model shall cover the following:

  1. Incident Management

  2. Business Continuity and Disaster Recovery

  3. Crisis Management

  4. Cross-Border Payments and Cash Movements

  5. Anti-Money Laundering

  6. Internal and External Fraud Detection and Prevention

  7. Software Development and Release Management

  1. Cybersecurity

  2.  IT Security

  3. Data Management and Data Privacy

  4. Conduct and Operational Risk

  5. Legal and Reputational Risk

  6.   Vendor Management and Procurement Risk

  7. KYC and Anti-Bribery and Corruption

  8. Compliance Management

  9. Data Forensic and movement


We are a risk management firm with a risk solution focus, we understand and have the experience in cybersecurity risk management services