Cybersecurity Risk Management

Identifying and managing risk is a part of business. We work hard to develop products that assist clients with removing the Fear, Uncertainty & Doubt (FUD) factor that clouds many cybersecurity risk decisions. These products are editable Microsoft Word & Excel templates, so if you can use Microsoft Office products, then you can use these risk management solutions!

Key Takeaways - Risk Management Templates

Cybersecurity risk management is required by nearly every framework and is a common driver of audit findings when absent or inadequate.
Five focused products cover different aspects of cybersecurity risk: RMP (risk management program), TPRM (third-party risk), CRA (risk assessment template), PSP (physical security), and CBP (cybersecurity business planning).
Products can be purchased individually or as part of larger bundles such as the PLD Bundle (10 programs per framework).
All products align with NIST 800-53, NIST CSF, ISO 27002, and the SCF, making them compatible with any underlying framework.
Risk management documentation is required for SEC cybersecurity rule compliance, cyber insurance underwriting, and most customer due-diligence questionnaires.

Category Overview

Can You Honestly Answer HOW Risk Is Implemented At Your Organization?

When you "peel back the onion" and prepare for an audit, there is a need to address "the how" for certain topics, such as risk management. While policies and standards are designed to describe WHY something is required and WHAT needs to be done, many companies fail to create documentation to address HOW the policies and standards are actually implemented. We did the heavy lifting and created several program-level documents to address this need and the Risk Management Program (RMP) is one of those products.

Since we did the heavy lifting, risk management does not need to be hard. We provide four (4) products that can help your organization grow and evolve your risk management processes based on industry-recognized best practices.

Flower ComplianceForge Cybersecurity Risk Management

Why Risk Documentation Matters

Regulatory Drivers For Risk Documentation

Formal risk management documentation is required or strongly expected by multiple regulatory regimes: SEC cybersecurity rule (public companies), NY DFS 23 NYCRR 500 (NY financial services), HIPAA Security Rule risk analysis (healthcare), PCI DSS risk assessments (payment processing), and CMMC Level 2/3 risk documentation (DIB).

Organizations without documented risk management face increased audit findings, higher cyber insurance premiums, and elevated regulatory scrutiny. The risk products in this category address these expectations directly.

Available Products

Available Risk Management Products

ComplianceForge currently offers four (4) products that are specifically designed to assist companies with cybersecurity risk management:

$ 900.00 USD

Physical Security Plan (PSP)

The Physical Security Plan (PSP) was created with the intent to minimize risk to an organization’s systems and data by addressing applicable physical security and environmental concerns and establishing processes that will help ensure physical security and environmental risks are minimized or avoided.

Contains:

Word

Excel

PowerPoint

PDF

Examples:

Word Example

Excel Example

Learn More »

$ 2,175.00 USD

Risk Management Program (RMP)

The RMP is designed to address the strategic, operational and tactical components of risk management to provide cybersecurity risk management governance and provides this middle ground between high-level policies and the actual procedures of how risk is managed on a day-to-day basis by those individual contributors who execute risk-based controls.

Contains:

Word

Excel

PowerPoint

PDF

Examples:

Word Example

Excel Example

Learn More »

$ 1,200.00 USD

Third-Party Risk Management (TPRM) Program

The TPRM Program includes TPRM policy, a phased approach to managing Third-Party Service Providers (TPSP) across the entire vendor lifecycle, and a TPRM questionnaire that you can use to assess TPSP. In other words, ComplianceForge’s TPRM Program offers the entire pie for TPRM, unlike other companies who offer only a single piece of the pie.

Contains:

Word

Excel

PowerPoint

PDF

Examples:

Word Example

Excel Example

Learn More »

$ 950.00 USD

Cybersecurity Risk Assessment (CRA) Template

The CRA provides you a format to produce high-quality risk assessment reports, based on the Risk Management Program's (RMP) structure of managing risk. The CRA provides a high-quality template to actually perform the risk assessments that are called for by policies, standards and procedures. This allows your organization to have a risk assessment template that is repeatable and looks professional.

Contains:

Word

Excel

PowerPoint

PDF

Examples:

Word Example

Excel Example

Learn More »

Comprehensive Coverage

Give us a call or send us an email - we are happy to help you find the right solution for your needs!

There are a lot of choices to pick from when selecting a cybersecurity framework. If you are not sure what works best for you, you can read more here. The most common frameworks are NIST 800-53, ISO 27002, the NIST Cybersecurity Framework and the Secure Controls Framework (SCF). To do NIST CSF, ISO 27002 or NIST SP 800-53 properly, it takes more than just a set of policies and standards. While those are foundational to building a cybersecurity program aligned with that framework, there is a need for program-specific guidance that helps operationalize those policies and standards (e.g., risk management program, third-party management, vulnerability management, etc.). It is important to understand what is required to comply with NIST CSF vs ISO 27002 vs NIST SP 800-53, since there are significantly different levels of expectation.

It is important to understand that picking a cybersecurity framework is more of a business decision and less of a technical decision. Realistically, the process of selecting a cybersecurity framework must be driven by a fundamental understanding of what your organization needs to comply with from a statutory, regulatory and contractual perspective, since that understanding establishes the minimum set of requirements necessary to:

Not be considered negligent with reasonable expectations for cybersecurity & data protection;
Comply with applicable laws, regulations and contractual obligations; and
Implement the proper controls to secure your systems, applications and processes from reasonable threats, based on your specific business case and industry practices.

This understanding makes it easy to determine where on the "framework spectrum" (shown above) you need to focus for selecting a set of cybersecurity principles to follow. This process generally leads to selecting the NIST Cybersecurity Framework, ISO 27002, NIST SP 800-53 or SCF as a starting point.

Common Questions

Frequently-Asked Questions

Here are answers to common questions about risk management documentation:

What is third-party risk management in cybersecurity?

Third-party risk management (TPRM) is the process of identifying, assessing and controlling the cybersecurity risks that vendors and service providers introduce, across the whole relationship from selection and onboarding through monitoring and offboarding. It matters because suppliers often have access to your data or systems. Regulators expect it too. The SEC cybersecurity disclosure rule, for example, asks public companies to address whether they have processes to oversee and identify cybersecurity risks associated with third-party service providers.

How do you build a third-party risk management program?

Start with a TPRM policy that sets scope, roles, vendor risk appetite and escalation paths. Then define a lifecycle process covering onboarding, ongoing monitoring, contract renewal, incident escalation and offboarding, and tier your vendors so critical suppliers get deeper review. A standard questionnaire keeps assessments consistent. The ComplianceForge Third-Party Risk Management (TPRM) Program packages these pieces for you, including a questionnaire mapped to NIST 800-53, NIST CSF, ISO 27002, the SCF and CIS Controls.

How do you perform a cybersecurity risk assessment?

NIST SP 800-30 Rev 1 describes a risk assessment in four steps: prepare for the assessment, conduct it, communicate and share the results, and maintain the assessment over time. Assessments carried out across the organization feed the broader risk management process and give leaders the information they need to respond to risk. Using a repeatable template and a consistent scoring method makes results comparable from one assessment to the next.

What is a physical security plan in cybersecurity?

A physical security plan documents how an organization protects the facilities that house its systems and data from physical and environmental threats. It typically lists facilities and points of contact, assesses applicable threats, and describes access control, visitor management, environmental controls, surveillance and alarm devices. Requirements drive it too. NIST SP 800-171 Rev 3 requires an approved list of individuals authorized to access the facility, monitoring of physical access, and enforcement of access authorizations at entry and exit points.

What is the difference between a risk management program and a risk assessment?

A risk management program defines how an organization governs risk overall, including risk appetite, roles, methodology and how risks are treated and reported. A risk assessment is a repeatable activity that evaluates specific risks against that methodology at a point in time. At ComplianceForge, our Risk Management Program (RMP) provides program-level governance, and our Cybersecurity Risk Assessment (CRA) template is its operational counterpart, though you can also use the CRA on its own.