New businesses, lacking established risk management practices can be dangerously vulnerable to attacks. Criminals can also be quick to exploit new vulnerabilities created by any change to an existing business. Such changes might include modifications to product or service design, new business lines, expansion into new countries, or acceptance of new payment methods.

Risk Strategy is one of our core competencies and, as with Risk Audits, we have developed a time tested methodology for assessing vulnerabilities and developing risk strategies that includes the following elements:

• Identify and explain potential attack scenarios driven by an understanding of the economic motivation of attackers. We draw upon our extensive industry experience and strong analytical capabilities to do this.
• Assign a probability to each attack scenario. Our ability to accurately assign probabilities to attack scenarios is also influenced by the breadth of our experience.
• Articulate vulnerabilities to each attack scenario as a function of current risk management capabilities.
• Describe expected loss magnitude to merchant based on analysis of attack scenarios, attack probabilities, and vulnerabilities.
• Develop recommended risk strategy to mitigate risks. A key component of our value in this step is the ability to intelligently balance the cost of risk management recommendations against expected risk levels to develop economically viable strategies.

We consider processes that cross multiple systems or organizations, and cross-channel or partner scenarios in the course of this work.

Benefits

• Develop a clear understanding of potential risks.
• Develop the capacity to confidently manage those risks in a cost-effective manner.

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