Blog tag

Risk Assessment & Mitigation

Articles from the SimpleRisk blog tagged Risk Assessment & Mitigation: governance, risk management, and compliance insights.

Navigating third-party risks with proper governance

Navigating Third-Party Risk with Robust Governance

Robust governance provides a sustainable way to mitigate third-party and supply-chain risk by establishing clear ownership, accountability, and transparency across all of the organization's vendor and partner relationships.
CISO presenting IT governance and business strategy alignment to enterprise leadership

IT Governance and Business Strategy: A CISO Playbook

With the right game plan, CISOs can turn IT governance from a perceived constraint into a driver of growth, resilience, and executive confidence. This nine-step playbook shows how to align security-centric governance with real business strategy.
Chaotic Assessments to Third-Party Risk Calm

From 16 Vendor RFIs to One Assessment

Tired of juggling 16 separate vendor RFIs every year? Discover how SimpleRisk transformed one client’s chaotic third-party assessments into a single, streamlined process.

ROI of Security Investment

The Boardroom Battle: Justifying Security Spend

For many CISOs, the hardest part of the job can be the business conversation that happens long before anything goes wrong. Learn the language of the boardroom to win over executive decision makers and justify security spending.

An old man with a grey beard sitting at a computer with soldiers at the castle gate

From Chaos to Control: Centralize Your GRC

If Excel were enough for risk management, the GRC industry wouldn’t exist. Here’s why relying on spreadsheets and generic SaaS tools can actually increase risk, and how centralization restores control.

Risk matrix with likelihood on the y-axis and impact on the x-axis

Top 5 Tips for Building a Risk Management Plan

A successful risk management plan starts with clarity: knowing where you’re vulnerable and how those vulnerabilities translate into threats. In this post, we share five practical tips to help you design a plan that’s both measurable and actionable.

Risk puzzle pieces containing IT Risk, Supply Chain Risk and Operational Risk

Why 2025 Needs One Complete Risk Assessment

Your IT, supply chain, and operations teams may all see the same risks—but they don’t measure them the same way. That gap could be the biggest security vulnerability in your organization today.

Probability x Impact = Risk Formula

How to Conduct a Proper Cybersecurity Risk Analysis

Risk analysis and risk evaluation aren’t interchangeable terms. They’re distinct stages within the broader process of risk assessment. This blog breaks down the differences, why they matter in cybersecurity, and how to properly analyze risks using both qualitative and quantitative methods.

A high-tech digital dashboard interface for the NIST CSF

SimpleRisk: Your Foundation for NIST CSF Compliance

Struggling to align with the NIST Cybersecurity Framework? Discover how SimpleRisk streamlines governance, risk, and compliance to help you document, track, and manage your cybersecurity controls with ease.

An AI mapping a policy to multiple controls

What AI Can (and Can't) Do for Control Mapping

Struggling to match your policies to hundreds (or thousands) of controls? Learn how we combined AI, old-school keyword analysis, and smart engineering in SimpleRisk to turn a months-long task into minutes.

Risk Management is Like Camping But With Higher Stakes

Risk Management Is Just Like Camping—But With Higher Stakes

What do flash floods, frozen tents, and soggy sleeping bags have to do with business? Turns out, camping mishaps are full of risk management lessons every leader should know.

A bear dressed as a police officer to enforce compliance issues in the woods

$1,000 Mistakes: Risk Lessons from Bear Country

A simple camping trip turned into a crash course in risk management when my sister nearly violated bear safety regulations—risking a $1,000 fine. From compliance mistakes in the wilderness to costly business missteps, this story highlights why understanding and mitigating risks is essential in any environment.

Streamlining an information security program using the templates created by SimpleRisk

Free Security Policy Templates from SimpleRisk

Building an information security program from scratch can be overwhelming, but SimpleRisk is here to help. Discover how our free, ready-to-use templates can simplify the process and get your security program up and running quickly.

A cybersecurity analyst is reviewing a vendor risk assessment on a laptop screen

Third-Party Risk Lessons from the Rock Face

Choosing the right third-party vendors is a lot like picking a reliable climbing partner—technical skills matter, but alignment in risk mindset is just as crucial. Learn how a harrowing descent from a multi-pitch climb revealed key lessons in risk management, trust, and the value of security certifications.

Cartoon hiker struggling to carry an overstuffed backpack on a rugged trail, symbolizing the burden of over-preparation.

GRC in the Wild: When Over-Preparation Becomes the Real Risk

Being prepared is crucial—but is there such a thing as being too prepared? My Big Bend backpacking misadventure taught me a valuable lesson about risk management, one that applies just as much to GRC as it does to the wilderness.

Combining GRC, HITRUST CSF and SCF for Streamlined Risk Management

Integrate HITRUST CSF and SCF in Your GRC Strategy

Struggling to align multiple compliance frameworks in your GRC program? Learn how to integrate HITRUST CSF and the Secure Controls Framework in SimpleRisk to streamline compliance, enhance security, and leverage AI for a more efficient risk management strategy.

Frustrated auditor not using SimpleRisk

From Audit Fatigue to Efficiency with SimpleRisk

Tired of audit fatigue and juggling multiple frameworks? Discover how SimpleRisk streamlines compliance by integrating the Secure Controls Framework (SCF) and centralizing audit activities, making it the ultimate tool for auditors seeking efficiency and precision.

Using Artificial Intelligence with FAIR

Using AI with FAIR for Precision and Scalability

Discover how combining the FAIR methodology with artificial intelligence revolutionizes risk management by providing precise, scalable, and data-driven insights. Learn how this powerful synergy enhances decision-making, optimizes resource allocation, and transforms how organizations approach risk quantification.

Boat Stranded on a River

The River Crisis That Taught Me to Always Have a Plan B

When our outboard motor failed in the middle of the Trinity River, leaving us adrift in a strong current, a cascade of unexpected challenges tested every backup plan we had. This story of quick thinking, layered preparedness, and lessons learned is a perfect metaphor for mastering risk management in life and business.

Moving Beyond Leaky Faucets

Metrics That Matter: Proving Cybersecurity Value

How do you prove the value of your cybersecurity investments to the business? By shifting the focus from risk reduction to cybersecurity maturity, this post explores how to measure and communicate meaningful progress in building a stronger, more resilient organization.

Scale Balancing GRC Against Cost

Your GRC, Your Way: SimpleRisk's Flexible Pricing

SimpleRisk’s new pricing model gives you full control to customize your GRC package, whether you choose On-Premise or Hosted deployment. Enjoy unlimited users and risks, with pricing based solely on the functionality you need.

Barbed wire fence and security cameras in front of a building

Demystifying Residual Risk with SimpleRisk

Understanding residual risk is crucial in effective risk management, but calculating it can be complex, especially when considering multiple mitigating controls. In this post, we explore how SimpleRisk simplifies the process with an easy-to-understand mitigation percent approach that streamlines your risk reduction efforts.

Putting the pieces together for an effective GRC program

8 Simple Ways to Effectively Launch Your GRC Program

Learn the 8 fundamentals we recommend to establish an effective Enterprise Risk Management process from the ground up, which will set the stage for a successful GRC program rollout.

Measuring the effectiveness of risk mitigations

How To Calculate Inherent vs. Residual Risk

Learn how to minimize the level of effort required to track a risk’s progress over time and how to measure the effectiveness of your risk mitigation.

Understanding the basics of risk management

Risk Management 101: Back to Basics

Let’s go back to the basics and break down what enterprise risk management is and how you can use it to mitigate the risks that threaten your organization.

Custom Development

How SimpleRisk Can Meet Your Custom GRC Requirements

Risk management isn’t one-size-fits-all—it’s about finding your way. At SimpleRisk, we ensure our platform adapts to your unique needs, even offering Custom Development to deliver the exact functionality your organization requires, all while staying intuitive and cost-effective.

OWASP Risk Rating Methodology

The OWASP Risk Rating Methodology and SimpleRisk

Risk scoring methodologies vary widely, but understanding how to prioritize risks is key to managing them effectively. In this post, we take a deep dive into the OWASP Risk Rating Methodology, clarifying how it’s calculated in SimpleRisk and addressing common misconceptions.

Two Plus Two Equals Five

Normalizing Risk Scoring Across Different Methodologies

Risk scoring often involves complex matrices, but prioritizing risks effectively is key. In this post, we explore how SimpleRisk’s Classic Risk Scoring methodology ensures consistency across various scoring systems, allowing you to prioritize risks on a uniform scale.

Risk Management for Dummies

Risk Management for Dummies

Explaining risk management to someone new to the concept can be a challenge, but it’s a skill we use daily without realizing it. Learn how a conversation about home security turned into a practical analogy for understanding risks and how SimpleRisk helps prioritize and address them.

new features

What features do you want to see added to SimpleRisk?

In 2013, SimpleRisk started as a solo project tracked on a Trello board filled with feature ideas to simplify risk management. Today, we’re inviting our community to shape the future of SimpleRisk through our new Suggest a Feature page—where your ideas and votes will help prioritize what matters most.

Quantitative Risk Assessment in SimpleRisk

There is Nothing Simple About FAIR

Is precision worth the time? In this blog, we explore how SimpleRisk balances simplicity and effectiveness in risk assessment, offering a quantitative approach without the complexity of methodologies like FAIR, so you can focus more on managing risks than analyzing them.

Risk Assessments with SimpleRisk

How to Perform Risk Assessments (with SimpleRisk)

Curious about how SimpleRisk simplifies internal and third-party risk assessments? Check out this quick 1-minute animated video showcasing our key capabilities in action!

The Evolving Risk of Bluekeep

How to Manage the Evolving Risk of Bluekeep (with SimpleRisk)

Ever wondered how risks evolve over time? Dive into this blog post to see how SimpleRisk tracks and manages the changing threat landscape, using the infamous 'Bluekeep' vulnerability as a real-world example!

Customize Your Risk Management Program

Quickly Customize Your Risk Program in SimpleRisk

SimpleRisk started as three PHP pages and evolved into a flexible risk management tool for any industry. With the Customization Extra, users can easily tailor workflows to meet their unique needs—simplifying complex requirements!

Assess Your Organization's Cybersecurity Maturity

Assess Cybersecurity Maturity with the NIST CSF

Discover how we used the NIST Cybersecurity Framework (CSF) to assess maturity, identify risks, and build a strategic roadmap for National Instruments’ cybersecurity program. Learn how SimpleRisk streamlined this process to turn insights into actionable results!

GRC is Dead

GRC is Dead, Long Live GRC!

Gartner’s John A. Wheeler highlights the decline of GRC and the rise of Integrated Risk Management (IRM)—a shift I’ve seen firsthand. Learn how SimpleRisk is revolutionizing risk management with a simple, intuitive approach.

Vulnerabilities vs Risks

Should Vulnerabilities and Risks be Managed in the Same Place?

Should vulnerabilities be managed as risks? While both are essential to cybersecurity, understanding their differences and how they complement each other is key to deciding whether to track them together in a single risk management system.

Risk Management Program

Why Management Doesn't Understand Your Security Woes

Feeling overwhelmed by security vulnerabilities that seem beyond your control? Learn how implementing a formal risk management program can help you communicate more effectively with management and shift the focus to actionable risk mitigation strategies.

Complex vs Simplified Asset Valuation

How Does an Asset's Value Affect Your Risk?

Is asset valuation complicating your risk management process? Discover how SimpleRisk simplifies asset valuation with a streamlined approach that balances practicality and effectiveness, empowering organizations to prioritize risk mitigation without unnecessary complexity.

The Origin of SimpleRisk

The Origin of SimpleRisk - A Founder's Story

Every superhero has an origin story, and so does SimpleRisk—born out of a need for better risk management tools. Discover how a simple web form turned into a powerful, open-source solution that’s now revolutionizing risk management for organizations everywhere.