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Risk position in the case of a National Grid Failure

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Risk

Risk management includes ascertaining risks or threats to your organisation and deciding whether to prevent, reduce, lay-off or accept those risks. The King Report on corporate governance in South Africa states that the board of directors has the overall responsibility for risk management of the organisation and therefore ultimately decides the organisation’s risk appetite. Risks and threats need to be identified, assessed, monitored and the appropriate mitigation actions need to be put in place in line with the organisation’s risk appetite. This allows the organisation to not only manage its risks but also maximise its opportunities by understanding the environment in which it operates.

The following services will help your organisation to identify, assess, monitor and effectively manage risks and threats:

Risk Assessment

Risk Appetite

Risk Framework and Tolerance

Risk Register Review

Risk Training

Integration of Strategy, Risk and Resilience

Resilience

Resilience is the ability to cope with and recover from disruptions. Organisational Resilience is complex with many variable factors, so it needs to be planned, coordinated and tested due to the number of people involved and the separate geographic locations within organisations. Having considered the risks that the organisation may face, the plans for resilience assist the organisation not only to continue business but to also take advantage of opportunities that may arise. Business Continuity and Recovery Plans that have been carefully crafted and tested are essential to ensure resilience of the business. These plans also need to be regularly reviewed to take account of external and internal changes in the organisational environment.

The following services will help your organisation manage the actual occurrence of identified risks and threats:

Business Continuity Strategy and Plans

Business Continuity Training

Business Continuity Maturity Assessment

Crisis Management and Emergency Response Plans

Business Continuity Training and Staff Awareness

Crisis Simulations including cyber breach simulations

Cyber Security

As we navigate through the ever-changing landscape of cybersecurity, threats such as phishing, distributed denial-of-service (DDoS) attacks, scanning of public-facing sites, exploitation of both known and emerging vulnerabilities, and ransomware persist as common challenges faced by individuals and organizations alike. The advent of generative Artificial Intelligence (AI) technologies has empowered cyber threat actors to enhance their malicious techniques in phishing and ransomware activities. Additionally, advanced language models and similar technologies play a crucial role in influencing cybersecurity. Recognising that cybersecurity risks are dynamic, organisations are urged to remain vigilant, stay informed, and adopt proactive measures to safeguard their digital assets. Pax Resilience stands ready to support organisations on their cybersecurity journey by implementing tailored defensive measures, thereby minimising the risks associated with malicious activities by cyber threat actors.

In a dynamic cyber security landscape marked by evolving threats, the following services will aid in establishing the requisite layers of security for your organisation:

Ethical Hacking

Threat Assessments and Continual Monitoring

Vulnerability Testing

Phishing Prevention

Cyber Security Training and Awareness

Intelligence and Sentiment Analysis

Attack Surface Management

Services

Risk

Resilience

Cyber Security

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