Defining security risk appetite statements for a financial service client

About the project
Project type Risk Management Framework
Client Financial service client
Make an enquiry

Working with the Security and Risk functions of a client, we defined a series of security risk appetite statements with varying degrees of criticality. For example: “We have zero appetite for customer detriment due to cyber risk.” This statement enabled the team to design metrics such as the number of databases containing customer personal information which are not protected by encryption technology. 

ThreeTwoFour turned the detailed metric set into project requirements for embedding into the change process. The higher level metrics were reported to the Board as a single dashboard. 

Over time, senior management was able to see the progress towards improving their control over pre-defined areas of cyber risk, without getting lost in technical detail. 

The risk to clients that fail to secure their systems are significant with security breaches leading to commercial, reputational, regulatory and legal penalties. Whatever your high risk and urgent cyber security concerns, our experts will ensure you achieve the successful outcome you need.

If you would like our help to define your security risk appetite, then please get in touch with us at info@three-two-four.com or by phoning  +44 203 603 4733.

 

Get in touch

If you’d like to discuss your cyber security concerns and how we could resolve them, please do get in touch.

Connect with us

Make an enquiry

    Other information you may be interested in

    Hey there, couldn’t help noticing you’re using Internet Explorer

    That’s great and all, and we commend you for pushing through with it. Unfortunately we no longer offer support for IE; it hasn’t received a major update since 2015 and Microsoft are dropping support for it later in the year.

    If you’re using Windows 10 and want to stick with a built in browser, please consider switching to Edge. Or, if you really want to enjoy the internet properly we strongly recommend downloading Google Chrome here.