Risk management with QSEC: creating transparency, securing opportunities
Your security as a strategic success factor
Risk management is a key success factor for companies of all sizes. Only those who recognize and evaluate potential risks at an early stage can take effective measures in good time. QSEC provides you with comprehensive risk management software that optimally supports your company in identifying, assessing and minimizing risks – from operational to strategic risks.
Why professional risk management is indispensable
In an increasingly complex and digitalized working world, both regulatory requirements and the number of potential threats are increasing. Structured risk management can help you with this,
- gain transparency about existing and emerging risks,
- compliance requirementsand regulatory provisions (e.g. ISO 27001),
- protect your company’s assets through systematic risk assessment and risk analysis,
- secure competitive advantages in the long term and
- Use resources efficiently.
QSEC enables you to manage your risks in an integrated manner as part of an ISMS (Information Security Management System), IMS (Integrated Management System) or other GRC components, so that you always have an overview of your compliance and security measures.
Managing operational and strategic risks in QSEC
QSEC covers a broad spectrum: from organizational risks, service provider risks, contract risks and process risks to IT risks, data protection risks and individual risks.
- Risk inventory and risk catalogs: QSEC enables the identification, categorization and management of all types of risks – even very individual risks without a fixed catalog.
- Risk assessment and risk treatment: The software guides you step by step through the assessment according to probability of occurrence and extent of damage. You can then initiate suitable countermeasures.
- Action management and task distribution: Assign actions and responsibilities, track progress and keep an eye on the current status at all times.
- Risk monitoring: Comprehensive reporting and monitoring ensures that you can recognize developments in good time and manage them proactively.
Ad hoc and dynamic risks
With QSEC, you are able to quickly record and evaluate ad-hoc risks. In the area of IT risks in particular, it will be even easier in future to create individual asset group risks (combinations of vulnerabilities and threats) directly in the interface. This allows you to address and document specific risks that are immediately incorporated into the overall portfolio and handled according to the proven QSEC methods.
In addition, dynamic risks in all areas (e.g. organizational units, service providers, processes) can be recorded and managed manually in future – independently of a predefined risk catalog. This ensures an even more flexible approach to reacting efficiently to new sources of risk and minimizing them.
Aggregation and total risk values
An outstanding feature of QSEC is the ability to calculate overall risk values. Individual risks, which are assessed in monetary terms, can be aggregated in different ways as required (sum, maximum principle, etc.).
- Asset group aggregation: For example, IT assets can be aggregated according to the maximum principle.
- Strategic risks: A summation principle can be useful here.
These individual configurations allow you to tailor the overall risk values precisely to your corporate structure and philosophy.
KPI-based risk methodology in QSEC
QSEC also supports you with meaningful key performance indicators (KPIs) that precisely underpin your risk assessment and management:
- Risk-bearing capacity
- Formula example: (equity, liquid funds, risk coverage contribution) / total risk value
- Key questions:
- Are the risks commensurate with the available funds?
- Can the risks be borne by the company?
- What recommendations for action can be derived (e.g. disinvestment in high-risk business areas)?
- Budget planning
- Formula example: Available risk budget / total risk value
- Objective: To check whether the planned risk budget can cover potential losses.
- Planned operating sales
- Formula example: Planned turnover – total risk value
- Question: Is the expected turnover appropriate in relation to the underlying risks?
These KPIs provide you with a sound basis for making decisions in order to adjust your risk strategy in a targeted manner and secure the financial balance of your company.
What our customers say
In summary, we are very satisfied with the performance of QSEC and will continue to develop and use the software intensively in the future. The manufacturer of the software, Nexis GRC, is a reliable partner for us, always providing us with the best possible support thanks to its decades of experience in implementing global GRC and ISMS projects.
In the end, QSEC was convincing in the cost-benefit analysis and in terms of scalability as a single-source tool. QSEC supports the dissemination of a uniform understanding of processes. The system acts as a central platform in which all business processes are recorded.
In Nexis GRC, we have found a partner that speaks our "language" and responds openly to our requirements and ideas. The partnership with Nexis GRC has convinced me throughout the entire duration of the collaboration.
Auditing our infrastructure has become much easier and more efficient with the support of QSEC. Based on the auditors' positive assessment of the system's performance, we will continue to expand QSEC in line with our requirements.
The methods and processes already integrated in the standard QSEC have significantly supported us in the professional development and operation of our information security management system. The maturity assessment and development enable us to continuously operate, monitor and further develop our Techem ISMS with QSEC in a resource-saving manner.
What makes QSEC particularly interesting for risk managers
In addition to the core functions described above, QSEC offers decisive added value that you as a risk manager will immediately notice:
Selected success stories
DSW21 on the successful introduction of an Information Security Management System (ISMS) with QSEC
Cancom on the global introduction of an Information Security Management System (ISMS) in accordance with ISO/IEC 27001 with QSEC
Techem on the challenges and experiences in information security and risk management with QSEC
Harzklinikum Dorothea Christiane Erxleben on software-supported security management in accordance with B3S Health, ISO 27001 and GDPR with QSEC
HanseMerkur on the development of a holistic management system taking into account the insurance law aspects according to VAIT
Advantages of QSEC for your risk management
Take action now: Take the next step with QSEC!
Rely on holistic information security management that meets your requirements - QSEC is a reliable partner at your side.
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Find out which steps are crucial for a successful information security management system.
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