Cyber Security Risk Management

Cyber Security Risk Management

Mitigate risk and ensure compliance against relevant standards and guidelines by establishing a comprehensive risk management program.

Our service provides the people, expertise, and resources necessary to implement a risk management strategy that mitigates risk without disrupting your operations.

The Importance of Risk Management

Most organisations realise the importance of cyber security risk management but often discover the task is more complex and time-consuming than first anticipated.

  • Interconnected Systems Larger organisations with extensive, interconnected systems find it harder to identify risks and how to mitigate them without impacting business operations.

  • Understanding Risk Ensuring a fully integrated risk management function requires a clear understanding of interactions and dependencies across the business and their potential impacts. 

  • Resourcing Challenges In-house teams are often tasked with too many priorities to fully dedicate themselves to risk management, leaving little resource for this essential activity.

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What to Expect from a Risk Management Service by Bridewell

Our consultants work closely with our clients to ensure their risk management strategy reflects their risk appetite, integrates with existing processes, and supports their wider business goals

Certified Risk Specialists

Our consultants have Certified Cyber Professional (CCP) certifications and NCSC Risk specialisms.

A Partner with Leading Industry Bodies

Our consultants work closely with the NCSC and other industry bodies to help shape national programmes and the future of the cyber security industry.

Experience Delivering Services at Scale

We have experience delivering risk management for some of the world’s largest CNI organisations across critical sectors.

Proven Methodologies and Expertise

Our consultants are established leaders in cyber security risk, audit, and supplier assurance, with certifications and experience in advising on NIST, CMMC, ISO 27001, NCSC CAF, OWASP and PCI DSS.

A Tailored Approach

We take a tailored approach to risk management that reflects the unique risks inherent to your organisation’s processes, sector, and risk appetite.

Why is it worth taking on a
Cyber Security Risk Management Service?

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Simplified and Cost-Effective Risk Reduction

Risk Mitigation Having a comprehensive view of risk across the organisation enables you to easily apply pragmatic and cost-effective risk reduction strategies.

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Certification and Accreditation Requirements

Effective risk management to meet the quality and standards that auditors and accreditors require.

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Easily Adopt New Standards and Legislation

Seamlessly align your cyber security programme with new standards, legislation, and business strategies.

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Adapt to Changing Risk Levels

Manage the consequences of changing risk levels and develop appropriate continuity plans.

Start your Risk Management Process

Speak with one of our risk management experts to see how we can support your organisation in reducing risk and meeting regulatory demands.

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How our Risk Management service works

Digital Waves

Our risk management service encompasses all types of risk from security standards and policy, security controls information, security management system, to physical security. 

  • Step one: Our consultants perform an initial high-level assessment to identify potential risks within your organisation and where they fall short of industry frameworks or proprietary policies and standards.
  • Step two: Depending on findings from the initial assessment, our consultants may advise whether any of your organisation’s third-party providers need a more in-depth, on-site visit and review.
  • Step three: Having conducted a complete assessment, we then outline and implement an risk management process that addresses any identified risks or vulnerabilities to ensure they are mitigated and compliant.
  • Step four: If required, our consultants can be utilised on an ongoing basis to augment your team and ensure this risk management process is adhered to on a continuous basis.
Case Study: Red Team Assessment banner image

Case Study: Red Team Assessment

A large financial organisation engaged with Bridewell to provide a testing scenario that could simulate a real-world attack scenario. The organisation placed a large focus and pride on the security of their network perimeter, providing a significant amount of confidence to their board that they would be protected from any form of external cyber-attacks.
Bridewell were engaged by a financial services organisation who were looking to undertake a real-world test of their security controls.

A large financial organisation engaged Bridewell to provide a testing scenario that could simulate a real-world attack scenario. The organisation placed a large focus and pride on the security of their network perimeter, providing a significant amount of confidence to their board that they would be protected from any form of external cyber-attacks.

The Challenge

The Bridewell team and security consultants held several meetings to fully understand the client’s requirements, agree time scales and identify the core scope and objectives of the assessment. These were identified as:

A real-world approach would be taken, simulating attacks from all possible vectors and without scope limitations with the exception of ‘denial of service attacks’.

Attack vectors could include social engineering, physical access attempts, active reconnaissance and full suite of technical penetration testing techniques such as infrastructure, web applications, mobile applications and controlled forms of malware deployment. 

Bridewell agreed that the engagement would be undertaken over the period of 3 months and from the point of contract signature and go-live, there would be no further contact between the parties (with the exception of any validation of testing vs real-life attacks taking place).

Engagement Milestones

In addition to the detailed scoping requirements, Bridewell agreed an overview of the key milestones with the client. The key milestones of the assessment were:

  • Identify scope, objectives of the assessment, the client and safeguards.
  • Agree start date and end dates.
  • Conduct multi-faceted testing techniques.
  • Conclude testing
  • Presenting findings to the clients Executive Board
  • Getting to Work

Following on from the agreement of the engagement milestones Bridewell assembled their internal team. This consisted of various employees across the company, each with different skill sets that ranged across technical capability, physical entre and social engineering. It is key that multiple attack vectors are effective, and this requires various skills and people.

Reconnaissance is Key

Bridewell’s team of consultants devised a detailed plan and storylines for the assessment, which commenced with a reconnaissance phase to build a detailed picture of the client. It is imperative that the Bridewell team understands and discover any weaknesses in order to ensure that any attacks were credible. These areas consisted of:

Physical – Bridewell’s consultants performed reconnaissance on several client sites across the country which consisted of assessing the physical security controls, dress code as well as lanyards, company culture in terms behaviour such as tailgating and also whether any wireless signals were broadcasting from nearside building locations.

Online – Bridewell carried out reviews of the client’s website, job descriptions, social media accounts and Open Source Intelligence (OSINT).

Technical Vulnerabilities – The Bridewell team performed checks against the client’s external infrastructure to ascertain any entry points or open ports that can be utilised against the client.

Relationship Building – Several LinkedIn profiles were created and Bridewell started building relationships with the employees of the client, enquiring about roles within the company over the telephone and email.

Attack Paths to Success

Following the reconnaissance phase the Bridewell team utilised several attack methods to obtain a foothold, which were focused around physical access to enable remote access into the network and social engineering to deliver malware payloads.

Gaining Physical & Remote Access

Bridewell developed a remote access device using a Raspberry Pi. The Bridewell team were able to ascertain that there was a seven second delay between an access card being swiped and cloned the client’s badge to obtain physical access. Following successful entry into the building, the Bridewell team plugged in a remote access device and were able to successfully connect into the client network. The bridewell team started assessing the internal infrastructure where they were able to exploit a known vulnerability, which provide local access to a server and associated credential from within the server memory. Following the account compromise Bridewell accessed other services until eventually gaining Domain administrator privileges. Bridewell pivoted further into various network segments and managed to gain access to the client’s main customer database, which consisted of approximately 5 million customer records.

Social Engineering & Malware Deployment

Bridewell had built several relationships with individuals across the client’s various departments but decided to focus around the Human Resources (HR) area, applying for a role within their IT teams.  This was done by creating fake LinkedIn profiles, CV’s and contacting the department via telephone to discuss the various roles.  Bridewell had also developed their own malware, which if successfully executed, would provide our consultants with remote access onto the infected user device.  The malware was tested in a mock environment to maximise the chances of successfully bypassing the client’s mail filters. Following further assessment of the client’s external infrastructure and liaising with the HR Department, the Bridewell team also discovered that the client was using a very well-known email filtering product.  However, on further analysis Bridewell discovered a configuration within the implementation of the product that was available for Bridewell to exploit in order to bypass the mail filtering completely.

Bridewell were subsequently able to send email attachments to the client and successfully deploy the malware onto the client’s laptops, which provided Bridewell Consultants remote access to a large set of personal data files, which were screen shot for evidence gathering.

Presenting the Key Outcomes and Findings

On completion of the red team engagement, the Bridewell team met with the Executive Board to present the full details of the assessment approach and their findings. The assessment began with Bridewell Consultants having no knowledge or access of the client’s systems or premises and concluded with Bridewell having the highest levels of access to the client’s network and the highest levels of access to their key customer database – containing approximately five million records.

Bridewell walked the board members through each phase of the engagement, explaining some of the complex aspects of the test in a way that could be understood by some of the non-technical audience. The client thanked Bridewell for the assessment but also for the professional, proportionate approach in presenting the findings to the board. Following the assessment, the client requested to continue to work with Bridewell in order to help them improve their internal security architecture, to identify and prevent similar attack scenarios and a layered approach to security.

Learn more about red team assessments and how they can benefit your organisation. 

 


Industry

Financial Services

Risk Management FAQs

Cyber security risk management is the process of identifying, assessing, and responding to risks posed by cyber threats. The goal of cyber security risk management is to protect organisational assets and information. This includes protecting systems and networks from malware and other malicious software, as well as ensuring that data is not lost or corrupted. In addition, cyber security risk management also seeks to prevent disruptions to business operations and to ensure the continuity of critical services.  

This will be detailed in the scope of work and depend on the required deliverables and outcomes, but often includes access documentation and to the relevant teams and stakeholders within the organisation. This helps to refine the risk management process, understanding, roles and responsibilities and treatment plans. Access to information about systems in scope or any existing risk material – such as reports or assessments will help inform the engagement.  

The length of the engagement varies depending on the scope, current maturity and requirements. Some clients require days of advice and guidance, others prefer to utilise Bridewell for more in depth analysis, or to reduce the demand on their own resources on a temporary or long term basis. 

Risk management is an ongoing process and Bridewell share knowledge, best practices and examples with clients to support organisations to mature and continue risk management practices independently.  

Ideally an organisation will have an asset inventory, existing risk assessment and risk management processes and a previous risk assessment. We appreciate that organisations operate at different levels of maturity and that not all items might be available or complete.   

Allocation of resources internally to support the engagement and risk management process is beneficial, often with communication to the business on the importance of risk management and what is required from staff and teams to support the initiative, along with the organisations reasons for focusing on risk management (e.g to support an ISO 27001 implementation or new business opportunity). 

Some of the top cyber security risks include phishing attacks, ransomware, insider threats, advanced persistent threats (APTs) and unpatched software vulnerabilities.

Cyber security focuses on protecting systems, networks and data from cyber threats through measures like firewalls and encryption. Cyber risk management is a strategy within cyber security that involves identifying, assessing and prioritising risks to mitigate potential impacts.

A cyber security risk management plan is a structured approach to identifying, assessing and prioritising cyber security risks. It outlines strategies for mitigating or treating risks that include policies, procedures and controls. The plan also includes monitoring and reviewing approaches to new threats to maintain the ongoing protection of vital information.

To identify a cyber security risk, it’s important to conduct a structured risk assessment that will help identify, analyse and evaluate any potential threats to information centres. Some methods include cataloguing all data and hardware assets, identifying potential vulnerabilities, and determining threat likelihood.

Risk levels in cyber security range from low risk, which may have a minor impact on your organisation, through medium and high impact levels, to critical levels, which represent immediate and catastrophic damage to your organisation. Risk factors are determined by assessing the severity of impact, how easily they’re exploited, how widespread they are, and how easily they can be identified.

Why Us?

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Awards

Our team have won numerous industry awards, including 'Cyber Security Company of the Year' at the Cyber Security Awards 2026 and Best Cyber Security Service Provider' at the Cyber Security Awards 2025.

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Certifications

Our people and services are highly accredited by leading industry bodies including CREST, the NCSC, and more. Our SOC holds extensive accreditations from CREST (including for CSIR and SOC2) and works closely with our cyber consultancy services.

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Partnerships

As a Microsoft Partner, we also hold advanced specialisms in Cloud Security and Threat Protection. We’ve also implemented some of the UK’s largest deployments of the Microsoft Security stack, inc. Sentinel, Defender, Purview and more.

Assured Certifications

We hold the most NCSC assured services of any cyber security services provider. Our cyber security consultants and services are globally recognised for meeting the highest standards of accreditation and have leading industry certifications. 

 

Accreditations - NCSC