Comprehensive security risk assessment and audit services tailored for Hong Kong businesses. Identify, evaluate, and mitigate cybersecurity risks to protect your organization's critical assets and ensure regulatory compliance.
In Hong Kong's government and public sector environment, organizations must adhere to stringent security standards established by the Digital Policy Office (DPO), formerly the Office of the Government Chief Information Officer (OGCIO). Our Security Risk Assessment & Security Audit (SRAA) services are built on the DPO security guidelines framework, providing comprehensive evaluation through three core components: Security Risk Assessment, General Control Review, and Privacy Impact Assessment.
Our expert team conducts thorough assessments that combine automated tools with manual analysis to identify vulnerabilities, evaluate security controls, and assess compliance with local and international standards. We provide actionable insights and recommendations tailored to Hong Kong's regulatory environment and business practices.
Whether you're a financial institution, transportation provider, or technology company, our SRAA services help you build a robust security foundation that protects your critical assets while supporting business growth and regulatory compliance in Hong Kong.
Our SRAA services are specifically designed to address Hong Kong's unique regulatory and business environment, ensuring your organization meets local compliance requirements while maintaining international best practices.
Discover how our comprehensive risk assessment and audit services can strengthen your security posture.
Systematically identify and prioritize security risks based on likelihood and potential impact, enabling focused resource allocation and effective risk management strategies.
Ensure compliance with Hong Kong's regulatory requirements including PDPO, SFC regulations, and other relevant local and international standards.
Strengthen your overall security posture through comprehensive evaluation of controls, policies, and procedures, with recommendations for improvement and optimization.
Assess and improve business continuity and disaster recovery capabilities to ensure your organization can maintain operations during security incidents or system failures.
Demonstrate due diligence and security maturity to customers, partners, investors, and regulators through independent security assessments and audit reports.
Optimize security investments by identifying the most effective controls and risk mitigation strategies, ensuring maximum return on security spending while addressing critical risks.
Comprehensive security assessment and audit services tailored to your organization's needs.
Holistic evaluation of your organization's security risks, covering technology, processes, and people across all business functions.
Detailed evaluation of existing security controls and their effectiveness in protecting against identified threats and risks.
Evaluation of your organization's compliance with relevant regulations, standards, and industry best practices applicable in Hong Kong.
Evaluation of security risks introduced by vendors, suppliers, and other third-party relationships critical to your business operations.
Assessment of potential business impacts from security incidents, including financial, operational, and reputational consequences.
A systematic approach to identifying, assessing, and managing cybersecurity risks.
We begin by understanding your business objectives, regulatory requirements, and risk tolerance. This includes defining the scope of the assessment, identifying key stakeholders, and establishing assessment criteria and success metrics.
We identify and catalog all critical assets including systems, data, applications, and infrastructure. Each asset is classified based on its importance to business operations and the sensitivity of the information it processes or stores.
We analyze the threat landscape relevant to your organization and industry, identifying potential threat actors and attack vectors. We then conduct vulnerability assessments to identify weaknesses that could be exploited by these threats.
We evaluate the likelihood and potential impact of identified risks, using both quantitative and qualitative methods. Risks are then prioritized based on your organization's risk tolerance and business context to guide decision-making.
We evaluate the effectiveness of existing security controls in mitigating identified risks. This includes testing technical controls, reviewing policies and procedures, and assessing the implementation of security measures across your organization.
We deliver comprehensive reports with detailed findings, risk ratings, and prioritized recommendations for risk mitigation. Our reports include executive summaries for leadership and detailed technical findings for implementation teams.
| Impact / Likelihood | Very Low | Low | Medium | High | Very High |
|---|---|---|---|---|---|
| Very High | Medium | Medium | High | High | High |
| High | Low | Medium | Medium | High | High |
| Medium | Low | Low | Medium | Medium | High |
| Low | Low | Low | Low | Medium | Medium |
| Very Low | Low | Low | Low | Low | Medium |
Our risk assessment methodology uses this matrix to prioritize risks based on their likelihood and potential impact on your organization.
Comprehensive evaluation against relevant regulatory and industry standards.
Digital Policy Office Information Security Policy and Guidelines
Securities & Futures Commission Cybersecurity Guidelines
Personal Data (Privacy) Ordinance
General Data Protection Regulation
Our SRAA framework is specifically designed around these key regulatory requirements, ensuring comprehensive coverage of Hong Kong's primary cybersecurity and data protection standards.
See how our risk assessment and audit services have made a real difference.
A prominent Hong Kong non-governmental organization (NGO) with international operations was implementing a new donor management system that would process sensitive personal data and financial information. The NGO required a comprehensive Security Risk Assessment and Privacy Impact Assessment to comply with PDPO requirements and international data protection standards while ensuring the trust of their donors and stakeholders.
Our SRAA framework, built on DPO security guidelines but tailored for NGO operations, provided comprehensive coverage including security risk assessment, general control review, and Privacy Impact Assessment. We evaluated the donor management system's web applications, payment processing capabilities, data storage, and integration with existing systems while ensuring compliance with both local and international data protection standards.
The engagement resulted in a robust security posture that not only met regulatory requirements but also enhanced donor trust and organizational reputation. The NGO now uses our SRAA methodology as their standard approach for all new system implementations and has shared these best practices with partner organizations across their international network.
Common questions about our Security Risk Assessment & Security Audit services.
While both are important components of a comprehensive security program, they serve different purposes:
Our SRAA service combines both approaches to provide comprehensive coverage - we assess your risks and audit your controls to ensure they effectively address those risks. This integrated approach provides better value and more actionable insights than conducting these assessments separately.
Our team has deep expertise in Hong Kong's regulatory landscape and stays current with evolving requirements:
We provide detailed compliance mapping in our reports, showing exactly how your organization meets or exceeds regulatory requirements, and identify any gaps that need to be addressed.
The duration of an SRAA engagement depends on several factors:
Typical timeframes:
We'll provide a detailed project timeline during the planning phase based on your specific requirements and constraints.
We use a structured approach that combines quantitative and qualitative risk analysis methods:
The result is a prioritized risk register that enables you to focus resources on the most critical risks and make informed decisions about risk treatment strategies.
Our SRAA engagements typically include the following deliverables:
All reports are provided in both English and Traditional Chinese (if requested) and include presentation materials to support communication of findings to different stakeholder groups.
Contact our team today to discuss how our Security Risk Assessment & Security Audit services can help you identify, prioritize, and mitigate cybersecurity risks while ensuring compliance with Hong Kong's regulatory requirements.