Risk Management

Security Risk Assessment Understand Your Full Risk Landscape

Structured security risk assessments grounded in NIST SP 800-30 and ISO 27005. We cover cyber, physical, operational, and third-party risk domains -- delivering a prioritized risk register that replaces assumptions with evidence.

CMMC Registered Provider Org | BBB A+ Since 2003 | 30+ Years Experience
The Basics

What Is a Security Risk Assessment?

A security risk assessment is a systematic process of identifying, evaluating, and prioritizing the risks to your organization's information systems and data. Whether you need a basic security overview or a thorough audit aligned with HIPAA, NIST, GDPR, or PCI-DSS requirements, Petronella Technology Group delivers clear, affordable cybersecurity reports that help you understand exactly where you stand.

Our assessment goes beyond automated scanners. We evaluate your people, your policies, and your technology against the attack strategies that have caused significant damage to organizations across every industry. The most devastating compromises are rarely caused by the types of problems that vulnerability scanners alone will find -- they stem from weak processes, insufficient training, and policy gaps that require expert analysis to detect.

Who It Is For

Who Needs a Security Risk Assessment?

  • Healthcare organizations that must comply with HIPAA and protect electronic protected health information (ePHI)
  • Legal firms handling privileged and confidential client data
  • Financial services companies subject to SEC, FINRA, and PCI-DSS requirements
  • Federal contractors that must demonstrate NIST 800-171 and CMMC compliance
  • Any business that has experienced a security incident or suspects a breach
  • Organizations in Raleigh, Durham, Chapel Hill, and RTP seeking to strengthen their security posture
Four Risk Domains

Assessment Scope

True organizational risk spans multiple domains. Our assessments examine all four.

Cyber and Physical

  • Networks, servers, cloud, SaaS, endpoints, and email systems
  • Attack surface evaluation, access controls, encryption, patching
  • Facility access, server rooms, surveillance, environmental controls
  • Threat modeling for ransomware, BEC, credential theft, and APTs

Operational and Third-Party

  • Onboarding/offboarding, separation of duties, change management
  • Business continuity, disaster recovery testing, and awareness training
  • Vendor due diligence, BAAs, right-to-audit clauses
  • Fourth-party dependencies and supply chain risk evaluation
Deliverables

What You Receive

Comprehensive deliverables for technical staff, executives, and compliance auditors.

Risk Register

Structured inventory of every risk with threat source, inherent score, existing controls, residual score, and risk owner assignment.

Risk Heat Map

Visual representation of your risk landscape on a likelihood-impact matrix for rapid identification of risk clusters.

Executive Summary

Non-technical narrative connecting identified risks to potential business outcomes for board members and stakeholders.

Remediation Roadmap

Quick wins (30-day), medium-term (90-day), and strategic (6-12 month) actions sequenced by risk severity and cost.

What You Gain

Benefits of a Security Risk Assessment

  • Gain a clear understanding of your vulnerabilities and where attacks are most likely to occur
  • Determine whether your existing defenses are adequate against real-world threats
  • Expose high-risk vulnerabilities that need immediate attention
  • Build security awareness across management and staff
  • Receive an unbiased, third-party perspective on your security posture
  • Create a documented compliance trail for auditors and regulators
  • Develop a practical roadmap for continuous security improvement
Risk Scoring

Inherent vs. Residual Risk

Inherent Risk

Raw Exposure

Risk level assuming no controls are in place. Reveals the true severity of each threat your organization faces.

Worst-Case Scenario

Helps leadership understand what the organization is actually up against before control effectiveness is factored in.

Residual Risk

Actual Exposure

Risk remaining after existing controls are applied. Shows your real-world vulnerability to each identified threat.

Control Effectiveness

The delta between inherent and residual risk quantifies whether your current security investments are working.

Process

Our Assessment Process

01

Context and Scope Definition

02

Asset and Data Inventory

03

Threat Identification

04

Vulnerability Analysis

05

Risk Scoring and Evaluation

06

Treatment Planning and Reporting

Our security risk assessment methodology is built on NIST best practices and is tailored to the specific needs and regulatory requirements of your organization:

Threat-Focused Analysis

We evaluate your environment through the lens of real-world threats, identifying the attack vectors most likely to impact your specific industry and infrastructure.

People & Policy Review

We test your team's awareness and your organization's policies against current social engineering tactics and attack strategies.

Technology Assessment

We evaluate firewalls, endpoint protection, network configurations, backup systems, and cloud services for vulnerabilities and misconfigurations.

Compliance Mapping

Your assessment is mapped to the relevant regulatory frameworks -- HIPAA, NIST, PCI-DSS, GDPR, or CMMC -- so you know exactly where you stand.

Actionable Reporting

You receive a detailed report with executive summary, findings, risk ratings, and a prioritized remediation plan with practical steps.

Remediation Support

Petronella can help you implement the recommended fixes, from technology upgrades to policy development and employee training.

Compliance

Satisfies Requirements For

HIPAA Security Rule CMMC 2.0 / NIST 800-171 SOC 2 (CC3.2) PCI DSS 4.0 ISO 27001 FTC Safeguards Rule GDPR (Article 35)
FAQ

Frequently Asked Questions

How is a security risk assessment different from a penetration test?

A pen test is a point-in-time adversarial simulation focused on technical exploitation. A risk assessment examines the full landscape of threats across cyber, physical, operational, and third-party domains, scoring each by likelihood and impact. You need both -- they serve different purposes.

What frameworks do you follow?

NIST SP 800-30 (Guide for Conducting Risk Assessments) and ISO/IEC 27005 (Information Security Risk Management). Our methodology satisfies both simultaneously, reducing the assessment burden for organizations with multiple compliance obligations.

How long does a security risk assessment take?

Small to mid-sized organizations (25-100 employees, single location): 2-4 weeks. Larger organizations with multiple locations, complex networks, or extensive compliance requirements: 4-8 weeks. We confirm timeline during the scoping call.

What is a risk appetite and why does it matter?

Risk appetite is the aggregate level of risk your organization is willing to accept. We help your leadership team define this threshold, transforming the risk register from a theoretical document into a practical decision-making tool. Risks above tolerance demand action; risks within tolerance may be monitored.

Can you help with remediation after the assessment?

Yes. We offer complete remediation services including technology implementation, NIST compliance consulting, policy development, and managed security services. Many organizations prefer to engage us for both assessment and remediation to avoid handoff overhead.

How often should a business conduct cybersecurity assessments?

Best practices recommend conducting comprehensive cybersecurity assessments at least annually, with vulnerability scans performed quarterly or monthly. Businesses in regulated industries such as healthcare, finance, and government contracting may need more frequent assessments to maintain compliance with frameworks like HIPAA, PCI DSS, CMMC, and SOC 2. Petronella provides ongoing security assessment services that help organizations identify and remediate vulnerabilities before they can be exploited by threat actors, using industry-standard tools and methodologies aligned with NIST Cybersecurity Framework guidelines.

What is the difference between a vulnerability assessment and penetration testing?

A vulnerability assessment systematically scans your network, systems, and applications to identify known security weaknesses and misconfigurations. A penetration test goes further by actively attempting to exploit those vulnerabilities to determine the real-world impact of a breach. Both are essential components of a mature cybersecurity program. Petronella offers both services, providing detailed reports with prioritized remediation recommendations tailored to your specific environment and risk profile. Our penetration testing team uses the same techniques as real-world attackers to give you an accurate picture of your security posture.

How can small businesses afford enterprise-grade cybersecurity?

Small and mid-sized businesses can achieve enterprise-grade security through managed security service providers like Petronella. Rather than hiring a full in-house security team costing hundreds of thousands of dollars annually, businesses can leverage Petronella's expertise, tools, and twenty-four-seven monitoring at a fraction of the cost. Our managed security packages are designed specifically for SMBs in the Research Triangle, providing comprehensive protection including endpoint detection and response, SIEM monitoring, email security, and compliance management at predictable monthly costs that fit small business budgets.

What should a business do immediately after discovering a data breach?

Upon discovering a data breach, businesses should immediately activate their incident response plan, isolate affected systems to prevent further data loss, preserve all evidence for forensic analysis, notify legal counsel, and begin documenting the timeline of events. Depending on the type of data compromised, regulatory notification requirements under HIPAA, state breach notification laws, or other frameworks may apply with strict deadlines. Petronella provides incident response services and digital forensics to help businesses contain breaches, investigate root causes, fulfill all notification obligations, and implement measures to prevent future incidents.

Get Started

Replace Assumptions with Evidence

A structured risk assessment gives leadership the data needed to allocate security budgets rationally and demonstrate due diligence to regulators.