Risk Treatment Plan - Introduction
The Risk Treatment feature in SAFE enables organizations to manage cyber risk effectively by identifying the best strategies to mitigate, accept, or transfer risks. This guide walks you through the purpose, functionality, and implementation of treatment plans using SAFE’s platform.
Why use Risk Treatment?
Risk Treatment helps you make informed decisions by:
Creating actionable plans to address cyber risks.
Prioritizing actions based on expected risk reduction, cost, and ROI.
Tracking treatment effectiveness over time.
By using SAFE’s Risk Treatment feature, organizations can align their cybersecurity efforts with business objectives and demonstrate measurable impact.
Core Concepts
Risk Treatment
Risk Treatment refers to actions taken to manage risk through one or more of the following:
Improve: Enhance controls to reduce risk.
Mitigate: Reduce the likelihood or impact of a threat.
Accept: Tolerate the risk when treatment is not cost-effective.
ROI and Cost-Benefit Analysis
For each treatment plan, the feature provides a detailed cost-benefit analysis, highlighting the risk reduction, investment required, and the ROI. This helps you decide which plans to prioritize for maximum benefit.
Example: A control improvement plan may involve investing $500,000 with an expected risk reduction of $2 million.
What-If Analysis
Simulates the impact of modifying controls or accepting certain risks.
Helps teams evaluate outcomes before implementing real changes.
Scenarios from What-If Analysis can be saved as treatment plans.