Risk Assessment Review and Advisory
63% of companies after a security incident admit they prioritized investments poorly. Identify real threats to business continuity. You receive a report with probability and impact assessment, plus action plan. Make informed decisions on where and how much to invest.
What is Risk Assessment Review and Advisory?
Risk Assessment Review and Advisory identifies cyber threats specific to your infrastructure and processes, quantifies potential financial losses in EUR using ISO 27005, NIST RMF, or FAIR methodology, and delivers a prioritized action plan so security budget is invested where it reduces the highest actual risk — not just where it sounds impressive. nFlo produces a board-ready management report and a risk register that satisfies NIS2, DORA, ISO 27001, and GDPR risk management documentation requirements; 63% of companies admit they prioritized security investments poorly before their most recent incident.
You invest in security blindly, without knowing what really threatens your company
Risk map with concrete numbers and priorities
Threat Identification
Catalog of real risks for your industry and infrastructure
Quantification
Assessment of potential financial losses and probability
Prioritization
Action plan sorted by highest business impact
€125,000 on Firewall, Attack Came Through Email
A medium manufacturing company invested €125,000 in a next-generation firewall. Three months later they fell victim to ransomware. How? Through phishing - an unsecured area that nobody thought of as critical.
Without risk assessment:
- You invest in technologies that sound impressive, not in real threats
- You don’t know the financial impact of potential incidents
- Management questions security budget - no hard data
- You don’t meet NIS2 and other regulations requiring risk management
Concrete Numbers Instead of Colored Heat Maps
You don’t get a spreadsheet with green, yellow and red squares. You receive a report showing how much each incident scenario can cost and how likely it is to occur.
What you get:
- Catalog of identified risks for your infrastructure and processes
- Potential financial loss assessment for each scenario (in EUR)
- Probability analysis based on industry data
- Action prioritization by highest impact on risk reduction
- Risk treatment plan with cost/benefit analysis
- Risk register for monitoring and reporting
Methodologies and Tools
We select the risk assessment methodology based on organizational context, maturity level, and stakeholder expectations.
ISO 27005 — applied when the organization implements or maintains an ISMS aligned with ISO 27001. We identify information assets, threats, and vulnerabilities, then assess probability and impact using qualitative or semi-quantitative scales. The risk register maps directly to ISO 27001 Annex A controls, streamlining risk treatment planning.
NIST RMF (Risk Management Framework) — chosen for organizations operating in an international context or requiring NIST CSF alignment. The process follows six steps: Categorize, Select, Implement, Assess, Authorize, Monitor. Particularly valuable for defense sector companies or those working with US-based partners.
FAIR (Factor Analysis of Information Risk) — applied when the board expects risk quantification in monetary terms. The FAIR model decomposes risk into measurable components: Threat Event Frequency (TEF), Vulnerability probability, and primary and secondary loss magnitude. The output is a Monte Carlo distribution showing potential loss ranges with confidence intervals — a format understood by CFOs and board members.
Detailed deliverables:
- Risk register with identifier, scenario description, probability and impact assessment, risk owner, and treatment status
- Risk heat map for management presentations broken down by category
- Risk treatment plan: for each risk above acceptable level — recommended actions, estimated implementation cost, expected risk reduction, and ROI analysis
- Executive summary report with key findings and budget recommendations for the board
Who Is It For?
This service is for you if:
- You need to justify security budget to the board
- You must meet NIS2, DORA, ISO 27001 risk management requirements
- You want to consciously decide which risks to accept and which to mitigate
- You plan to obtain or renew cyber insurance and need documentation
- You have limited budget and must invest where return is highest
Related Glossary Terms
Learn more about key concepts related to this service:
Contact your account manager
Discuss Risk Assessment Review and Advisory with your dedicated account manager.
How we work
Our proven service delivery process.
Kick-off
Define scope, objectives and risk acceptance criteria
Inventory
Identify assets, processes, threats
Risk Assessment
Analyze probability and business impact
Treatment Plan
Action recommendations with cost/benefit analysis
Report & Presentation
Management report with investment priorities
Benefits for your business
What you gain by choosing this service.
Budget Optimization
Invest where financial risk is highest
Regulatory Compliance
Meet NIS2, DORA, ISO 27001 requirements
Insurer Acceptance
Lower premiums with documented risk management
Board Reporting
Clear justification for IT investment decisions
Related Articles
Expand your knowledge with our resources.
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Read more →Cybersecurity Risk Assessment — The Foundation of Every Security Program
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Read more →Frequently Asked Questions
Common questions about Risk Assessment Review and Advisory.
What methodology do you use for risk assessment?
We use ISO 27005, NIST RMF or FAIR depending on the organization's needs. FAIR enables risk quantification in EUR, which makes it easier to justify the budget to the board.
How long does the risk assessment take and what is the deliverable?
The assessment takes 2-4 weeks. The deliverable is a risk register with probability and financial impact assessment, a risk treatment plan with cost/benefit analysis, and a presentation for the board.
Does the risk assessment meet NIS2 and DORA requirements?
Yes, our assessments meet risk management requirements under NIS2, DORA, ISO 27001 and GDPR. The risk register and treatment plan serve as required documentation during regulatory audits.
What does the board report look like - is it technical documentation?
The board report is a separate document written in business language, with quantification of potential losses in EUR, investment priorities and ROI analysis for each remedial action.