WHY IS IT IMPORTANT?

Mitigating risk can be as important as constituent outreach or process efficiency. It is the third leg of a three legged stool. As legendary college football coach Bear Bryant once said, “Defense wins championships.”

We help leaders understand the risk they currently face in their organization, decide the level of risk tolerance they are willing to carry, and know how to achieve that level of risk. We also help leaders proactively anticipate risks so that when they meet those challenges, they are prepared to do so.

HOW DOES FPOV HELP?

FPOV offers risk governance in the following areas:

Cybersecurity

• Cybersecurity Risk Analysis: We help leaders understand their current level of cybersecurity risk, their desired future state, and the gaps between the two. We conduct a cybersecurity risk analysis by interviewing stakeholders from across an organization and assessing them in ten key areas.
• Cybersecurity Risk Assessments: Assessments are more “tactical” than our risk analysis which focuses more on strategy. Assessments include vulnerability monitoring, dark web / deep web scans, and penetration tests. These assessments test your environment and your data protection to determine your vulnerabilities and where you need to make improvements.
• Incident Response Program: The incident response program is intended to augment existing crisis management programs and provide guidelines on response procedures to minimize risks, costs, and the impact of a potential breach or digital event. Our playbooks, which can be developed for over 40 different digital events, can ensure your team is prepared for a digital incident if and when it occurs.
• Tabletop Exercises: We help your team test your playbooks and your personnel response to an incident by walking them through a real-world cybersecurity scenario. We use a unique blend of multimedia and pull from actual documented cybersecurity incidents to increase the authenticity of the sessions, allowing greater engagement and education.
• Crisis Response: During incidents, we can provide response services such as acting as an advisory to the organization, coordinating appropriate resources, mitigating the immediate situations, and preparing for long term management requirements.
• Insurance Consulting: Cybersecurity insurance is becoming more complex, and it may not cover everything you would like. FPOV reviews the insuring agreements and conducts a “stress test” of the aggregate limits and sublimits to determine beforehand whether the policy will cover your costs during an event.
• Compliance & Audit: With emerging privacy and governance regulations, FPOV can guide you in navigating new legislation, regulation, and best practices by evaluating your technology, infrastructure, applications, security, and data to develop a clear picture of your technology ecosystem.

Artificial Intelligence

• AI Risk Audits: By systematically assessing AI technologies, audits help identify potential risks such as biases, errors, vulnerabilities, and unintended consequences that could have adverse impacts on individuals, organizations, and society at large. These audits not only help organizations comply with legal and regulatory requirements but also uphold ethical standards and principles.
• Policy Development: We help organizations develop important policies for their organizations around AI. These include Acceptable Use and Ethics policies and help guide team members on using AI effectively in a way that will protect themselves and the organization.
• AI Governance: The risk that AI poses to your constituents is real. Therefore, your organization should develop frameworks to ensure the ethical, legal, and responsible use of AI. FPOV helps clients define the principles, policies, and procedures for AI development and deployment.

IT Governance

• Technology Vendor Selection: A major technology vendor decision can be one of the most important decisions your organization makes. The risk from a bad vendor selection is high. We have designed an end to end vendor selection process to help our clients dramatically lower the risk of an expensive and painful outcome from a technology vendor selection. We walk alongside our clients as they navigate this important process, guiding them down the right path.
• Technology Blueprinting: A blueprint is a visual representation of your organization’s software portfolio that enables you to make informed technological decisions. FPOV’s EA Blueprinting service begins by identifying your organization’s visual language. Hosted by FPOV, this facilitation session includes having the right mix of business and IT people to develop a language with which they can communicate. FPOV will then work on assimilating the application inventory and attributes from the subject matter experts in order to produce the blueprint visualizations. When it comes to risk, blueprinting can be helpful to understand what systems are storing critical data and who has access to that data.