Security Risk Assessment
This plan ensures the proactive identification and mitigation of IT security risks, minimizing threats to customer data and maintaining the integrity of its systems and services.
1. Purpose
The purpose of this IT Security Risk Assessment Policy is to provide a systematic approach to identifying, classifying, and remediating risks and threats to Eververse's information systems, infrastructure, and customer data. By proactively assessing security risks, Eververse aims to minimize vulnerabilities and ensure the confidentiality, integrity, and availability of customer data.
2. Scope
This policy applies to all systems and services used by Eververse. It covers all employees, contractors, and third-party vendors involved in handling Eververse's information systems and customer data.
3. Risk Classification
All identified risks will be classified according to their potential impact on Eververse’s environment and customer data:
| Risk Level | Description | Impact | Action Required |
|---|---|---|---|
| Low Risk | Minimal impact on operations and customer data | Minimal | No immediate action required but must be monitored |
| Medium Risk | Moderate impact on operations, potentially affecting some customer data | Moderate | Requires remediation within an acceptable timeframe |
| High Risk | Significant threat to the confidentiality, integrity, or availability of customer data | Significant | Immediate action required to mitigate the risk |
| Critical Risk | Severe impact, including potential data breaches or major operational disruptions | Severe | Requires immediate escalation and urgent remediation |
4. Risk Identification
Risks are identified through:
- Regular Security Audits: Periodic reviews of Eververse’s infrastructure to detect vulnerabilities.
- Vulnerability Scanning: Automated vulnerability scans of systems and networks.
- Penetration Testing: Simulated attacks to identify weaknesses that could be exploited by malicious actors.
- Threat Intelligence Monitoring: Monitoring threat intelligence feeds to stay informed about emerging risks in the cloud and SaaS landscape.
- Employee Reporting: Internal reports of potential risks or vulnerabilities by staff.
5. Risk Remediation
5.1 Risk Response Strategy
For each identified risk, the following remediation strategies will be considered based on the risk classification:
- Accept: Low risks that are deemed tolerable based on impact and likelihood.
- Mitigate: Apply security controls or patch vulnerabilities to reduce the risk to an acceptable level.
- Transfer: Shift the risk to a third-party provider (e.g., through insurance or service level agreements).
- Avoid: Eliminate the risk entirely by ceasing risky activities or processes.
5.2 Remediation Process
- Assessment and Prioritization: The CISO will assess the risk classification and assign priority based on impact and urgency.
- Implementation: Security engineers will implement the required mitigation measures (e.g., applying patches, enhancing security configurations).
- Testing: After remediation, the issue will be tested to ensure the risk has been mitigated.
- Documentation: The risk and remediation process will be documented for audit purposes.
- Monitoring: The system will be continuously monitored post-remediation to ensure no further vulnerabilities emerge.
6. Ongoing Monitoring
Eververse will continuously monitor its infrastructure and services for new threats through:
- Uptime Monitoring: Continuous logging and monitoring for anomalies or suspicious activity.
- Security Updates and Patching: Timely application of security patches for all software and services.
- Regular Audits: Periodic internal and external security audits to maintain an up-to-date understanding of risk exposure.
7. Roles and Responsibilities
- Chief Information Security Officer (CISO): Oversees the risk assessment process, ensuring timely remediation of high and critical risks.
- Engineering Team: Responsible for identifying, reporting, and addressing technical risks.
- Compliance Team: Ensures risk management aligns with regulatory requirements and that customer data is protected.
8. Policy Review
This IT Security Risk Assessment Policy will be reviewed annually, or more frequently as needed, to adapt to evolving threats and changes in the infrastructure.
9. Contact Information
For any questions or clarifications regarding this Security Risk Assessment Policy, please contact us.
