A security risk assessment identifies and assesses possible security weak spots and recommends solutions, offering better building security. A security assessment enables the organisation to view the building from the viewpoint of an attacker. It should be part of any organisation’s risk assessment process.

How Does a Security Risk Assessment Work?

What is a Security Risk Assessment?

  1. Identification: A security risk assessment will determine where the critical assets of the business lie. All areas need protection but some may need more protection than others, for example, a wing of the business that contains particularly expensive equipment or stores sensitive data. 
  2. Assessment: Once individual areas are identified they are assessed, so that a plan can come together which recommends how to best invest time and resources to protect the organisation’s assets. 
  3. Mitigation: A mitigation approach it put together with security controls for each risk
  4. Prevention: Tools and processes are implemented to minimise threats and vulnerabilities from occurring. 

Why Do You Need a Security Risk Assessment?

A security assessment is a vital investment to protect your company from building security risks. Imagine you are trying to renovate a house, but you haven’t been told what’s wrong with it first… you wouldn’t know where to start. Security is the same. You can’t protect yourself unless you know the areas that need protection.

What’s the Difference Between Risk Management and a Security Risk Assessment

The short answer is that a security risk assessment is a specific point in time assessment of your company’s technology, people and processes, designed to identify problems. Risk management, on the other hand, is an ongoing process in which you round up all the identified risks in your company, and work towards eliminating them.

In order to ensure your building security is kept on top of, you should conduct regular security risk assessments as new issues can continually arise. Your security risk assessment shouldn’t be a one off.