IT Risk Management

By identifying, evaluating and actively managing security risks, businesses can take proactive steps to protect their assets and implement security controls to ensure continued viability by mitigating threats to organization assets.

The iLLÜM Advisors security team has decades of experience helping business stakeholders and IT leadership to identify and assess their business risk within days and leverage existing IT staff, vendors and/or iLLÜM security resources to remediate and implement an ongoing Risk Management Program.

iLLÜM IT Risk Management Solutions – 

• Risk Assessment (NIST CSF) w/ Business Impact Report – Our security team of ISOs start by first identifying and catagoritizing our client’s risk into a profile by conducting a risk assessment based on the NIST CSF framework. This assessment is especially helpful for IT teams that have traditionally operated by tribal knowledge or vendor guidance, and have not implemented standard company-wide controls.

• Data Breach Response – In the case that an organization finds or iLLÜM uncovers an active breach, we have an entire agile project-based incident response team able to implement containment efforts within hours. For more information see Incident Response.

• Prioritize and Budget – iLLÜM Executive Security Leadership (vCISO) work with clients’ existing IT teams and Leadership to priorize remediation into project-based work that is tracked and reported in realtime via the Risk Insight module within the iLLUM Unified IT Management Platform – hosted and managed by iLLÜM.

• Risk Management Plan – iLLÜM takes a agile project-based approach to implement a Risk Management Plan and break remidation work into projects that are presented to Business Stakeholders via a iLLÜM facilitated steering committee for review and acceptance of work to be completed over days, weeks or months.

• Risk Remidiatation and Implementing Controls (Includes 3rd Party Vendor Management) – iLLÜM project manager and security experts facilitate, track and/or complete approved remediation work and implementing controls over a agreed timeframe with regular security stand-up/SCRUMs calls for IT Team/3-Party Vendors.

• Real-Time Risk Reporting – iLLÜM provides clients to moniter risk profile, ongoing work and spend through a single pane of glass, included as part of the iLLÜM IT Management Platform.

• Security Budget Management – As with all iLLÜM services, spend is tracked down to the project level in real-time and provided via the Unified IT Management Platform in Guardrail Budgeting reports.

• Merger and Acquisition Due Diligence –

  • Organizational Maturity

  • System architecture and operating model

  • Technical Debt (obsolete systems)

  • Capabilities Deficiencies (staffing, systems gaps, assets, processes)

  • GRC Gaps and Risks

  • Viability Report

NO LONG-TERM COMMITMENTS – All services and software licensing are offered on a month-to-month bases and clients are billed for services consumed.

To learn more about how iLLÜM may be able to help your organization please schedule a brief conversation with one of our advisors – Schedule 20 Minutes