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Senior-led GRC and audit readiness consulting
Cybersecurity Risk Assessment

See Your Cyber Risk Clearly. Prioritize What Matters Most.

Falcon Oaks assesses risk across people, process, technology and third parties to give leadership a clear view of exposure, control effectiveness and the actions that will reduce risk most effectively.

The Challenge

Risk Decisions Are Only as Good as the Visibility Behind Them

Cybersecurity risk is often scattered across technical findings, audit issues, vendor concerns, informal knowledge and competing priorities. Without a consistent way to evaluate likelihood, impact, control strength and business context, leadership cannot confidently decide what to fix, fund, accept or monitor.

Falcon Oaks brings those inputs together through a structured, framework-aligned assessment that turns uncertainty into a practical, defensible risk view.

Cybersecurity Risk Assessment

What We Assess

Technology and Architecture

Applications, infrastructure, cloud environments, identities, data flows, resilience and security tooling.

People and Governance

Ownership, skills, training, decision rights, oversight, risk appetite and escalation.

Processes and Controls

The design, implementation and operating effectiveness of preventive, detective and corrective controls.

Third Parties and Dependencies

Critical vendors, outsourced services, data processors, subcontractors and concentration risk.

Cybersecurity Risk Assessment

Assessment Services

Enterprise and Cyber Risk Assessments

Structured assessments across the organization’s most important assets, processes and exposures.

NIST CSF 2.0 Assessments

Current-state and target-state assessment across Govern, Identify, Protect, Detect, Respond and Recover.

Information Security Risk

ISO 27005-aligned assessment and ISO 27001 risk treatment support.

Control Effectiveness Reviews

Evidence-based review of control design, implementation and operation.

Threat and Business Impact

Threat, vulnerability, resilience and business-impact analysis.

Risk Program Design

Risk scoring, governance, acceptance criteria and repeatable reporting.

Cybersecurity Risk Assessment

What You Receive

Executive Risk Summary

A concise view of significant exposures, business impacts and decisions required.

Prioritized Risk Register

Clear risks, owners, likelihood, impact, control context, treatment actions and status.

Risk Heat Map and Dashboard

Visual exposure by severity, domain, business unit or trend.

Control Gap Analysis

Evidence-based findings showing where controls are missing, weak, inconsistent or not demonstrated.

Remediation Roadmap

Sequenced actions based on risk reduction, urgency, effort, dependencies and resources.

Board-Ready Reporting

Decision-focused materials that communicate risk without unnecessary technical detail.

Our Process

Our Risk Assessment Process

A structured, evidence-first path from discovery to sustainable execution.

01

Scope and Context

Define objectives, systems, business processes, stakeholders, obligations and risk criteria.

02

Evidence Collection

Review policies, architecture, controls, prior findings, incidents, vendor information and available data.

03

Interviews and Validation

Engage control owners and leadership to understand how processes work in practice.

04

Risk Analysis

Evaluate threats, vulnerabilities, likelihood, impact, existing controls and residual risk.

05

Prioritization and Treatment

Agree on mitigation, transfer, acceptance or avoidance actions and assign ownership.

06

Reporting and Monitoring

Deliver executive outputs and establish a repeatable method for tracking change over time.

Framework Alignment

Aligned to the requirements that matter

  • NIST Cybersecurity Framework 2.0
  • ISO/IEC 27005 information security risk management
  • ISO/IEC 27001 risk assessment and treatment requirements
  • CIS Controls
  • OSFI Guideline B-13 for technology and cyber risk management
  • OSFI Guideline B-10 for third-party risk where applicable
  • Sector, privacy, contractual and customer requirements
Who This Is For

Designed for organizations ready to act

  • Leaders who need a credible view of cybersecurity risk before making investment decisions
  • Organizations preparing for audits, certification or regulatory review
  • Companies scaling technology, entering new markets or handling more sensitive data
  • Businesses responding to customer security requirements or due-diligence pressure
  • Organizations with recurring findings, unclear priorities or inconsistent risk registers
  • Boards and executives seeking clearer risk reporting and accountability
Frequently Asked Questions

Clear answers before you begin

Speak with a senior Falcon Oaks advisor if your situation requires a more specific answer.

Is this the same as a vulnerability assessment?

No. Vulnerability assessments identify technical weaknesses. A cybersecurity risk assessment considers those weaknesses alongside business impact, threat context, governance, people, processes, existing controls and risk tolerance.

Can you use our existing risk methodology?

Yes. Falcon Oaks can apply your established methodology, improve it or create a fit-for-purpose approach. The goal is consistency, decision usefulness and defensibility.

Will we receive a remediation plan?

Yes. Findings are translated into prioritized actions with recommended owners, sequencing, dependencies and risk context. The roadmap is designed to support budgeting and execution.

Can you present the results to our board or executives?

Yes. We provide and can present concise executive materials focused on business exposure, control effectiveness, decisions and progress.

Turn Cyber Risk into Clear Business Priorities

Start with a structured assessment of your current exposure, controls and governance. Falcon Oaks will help you understand what requires immediate action and what can be addressed through a phased roadmap.