Risk assessment is the first step in the process of Operational risk management. Organizations in all industries use risk assessment to determine the extent of potential vulnerabilities to which they may be subject and the risks that these vulnerabilities pose to their critical assets.

Risk is assessed by considering both the likelihood that a threat source will exploit a particular vulnerability and the impact that such an event would have on an organization. To determine the probability and impact of a future adverse event, potential threats to an organization must be analyzed by taking into account the vulnerabilities that exist in its environment and the security controls that it has in place. The impact of an attack, the magnitude of harm caused by the exploitation of a vulnerability, is measured by the degree to which the organization&rsquos mission is undermined, which, in turn, correspondingly affects the value of the organization's assets.

The Softflexx Technologies Risk Assessment is specifically designed to identify the level of risk at which an organization is operating. This assessment determines organizational compliance with applicable regulations and legislation or industry best practices, evaluates the consistency with which practices within an organization support its goals and objectives, and assesses whether organizational activities comply with management and governance polices and are consistent with the organization's risk appetite.

Undergoing this assessment enables an organization to clearly make intelligent business decisions regarding whether to accept, eliminate, or transfer any risks that are under evaluation.

IT Auditing

Independent validation of IT controls provides unique, unbiased perspectives into the overall effectiveness and efficiency of your controls program. This perspective provides assurance to senior leadership and management that their risk mitigation strategies and control objectives are functioning consistently, as intended, when needed.
At Softflexx Technologies, we understand that IT audit functions most effectively when management and audit work together- collaborating on risk, control objectives, and testing- to provide meaningful results. While we respect and observe independence from management, we do not observe isolated independence that can prevent a solid understanding of organizational business objectives and priorities.
Our IT audit services can scale to fit your requirements- from strategic, risk-based audit planning and execution to tactical control audits aligned to your annual audit plan. In any case, our audit services will plan and execute your next audit with precision and accuracy.

Co-sourced Internal Audit
Softflexx Technologies&rsquos Co-Sourced Internal audit managed service provides you with the tools and resources necessary to fit your audit plan. For organizations without an annual IT audit plan, Softflexx Technologies can help design and implement a formal plan that fits your risk management program and compliance requirements.
The Co-Sourced Internal audit managed service utilizes seasoned IT audit and security professionals who maintain concurrent CISA and CISSP certifications. Our staff utilizes shared, automated audit resources that help coordinate scheduling, control artifacts, and reporting with internal stakeholders- enabling efficient participation and streamlining many of the &ldquopain points&rdquo associated with audit activities.