Technology Risk

Transforming Risks into Resilience

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Technology Risk

Welcome to a world where risk meets innovation and challenges transform into opportunities. At BDO Portugal, we are not just consultants; we are navigators, guiding your business through the dynamic landscape of technological risks with expertise, vision and commitment to ensure your success.

Today's business is supported by technology and the sharing of information with customers, suppliers, partners and employees.

As organisations grow, the need to handle more information necessitates the use of increasingly more technology.

With a significant increase in vulnerabilities, technology represents a growing set of technological risks that organisations need to manage.

The need for security and privacy measures, based on best practices and how they are implemented, must be strategically balanced with the organisation's ability to operate effectively and achieve its objectives.

Is your information secure? Is your customers' information secure? Answering these questions requires a comprehensive assessment of the organisation's operational environment and its specific business needs.

Technology Risk

The way technology has entered all aspects of organisations' operations raises several questions that must be answered and their responses managed.

Is the information secure? Is the information of customers, partners and suppliers secure? Answering these questions, among others, requires a comprehensive assessment of the organisation's operational environment and its specific business needs.

Implementing a technological risk management structure requires a careful analysis of the organisation's risk profile and a clear identification of the most relevant informational artefacts in order to direct investments and teams towards what is truly important.

Establishing governance models, understanding different regulatory requirements, conducting risk assessments, developing and maintaining risk scenarios, implementing and executing technological risk committees, generating decision support information from a 360º perspective of your operation

How does BDO Portugal address Technological Risks in organisations?

Risk assessment and mitigation strategies: protecting your digital fortress

In the constantly evolving digital ecosystem, risks are abundant.

Our specialists conduct risk assessments, identifying potential vulnerabilities and formulating robust mitigation strategies.

From cybersecurity threats to data integrity concerns, we build a shield around your digital assets, ensuring that your technological landscape remains resilient.

Compliance and regulatory guidance: navigating complex terrain

Regulatory landscapes are constantly changing, and compliance is non-negotiable.

Our consultancy services provide not just guidance, but also a roadmap through the complex terrain of technological regulations.

Stay ahead of compliance requirements, mitigate legal risks and promote a culture of adherence with our strategic advice.

Vendor and third-party risk management: safeguarding collaborative ventures

Collaboration often extends beyond your organisation's boundaries, introducing new dimensions of risk.

Our consultancy services extend to vendor and third-party risk management.

We ensure that your collaborative investments are not only innovative but also protected against potential technological pitfalls.

Business Continuity Planning: Ensuring Uninterrupted Operations

Disruptions are inevitable, but their impact can be mitigated.

Our specialists craft tailored business continuity plans, adapted to your technological landscape.

Whether it's a cybersecurity incident or a broader crisis, we ensure that your operations continue seamlessly, minimising downtime and protecting your business continuity.

Technological risk training and awareness programmes: empowering your team

Your team is your greatest risk, but also your first line of defence.

Our consultancy services include immersive training and awareness programmes, equipping your staff with the knowledge and tools to proactively identify and respond to technological risks.

Transform your workforce into a vigilant and informed front against potential threats.

Innovative Technology Adoption Strategy: Balancing Risk and Innovation

The pursuit of innovation brings inherent risks. Our consultants work collaboratively with you to develop a strategy for adopting innovative technologies.

We ensure that your technological evolution is not only innovative but also strategically aligned to minimise risks and maximise benefits.

Key Controls:

These are the key controls that define our approach:

  • ISO 27001: Information Security Management System (ISMS)
    • Security Policy: Our foundations are built on a comprehensive security policy aligned with ISO 27001 standards, ensuring that information security is embedded in every aspect of our operations.
    • Risk Assessment and Treatment: Leveraging ISO 27005, we conduct risk assessments to identify, evaluate, and prioritise potential threats. This enables us to develop effective risk treatment plans, mitigating vulnerabilities and strengthening the digital landscape.
  • ENISA (European Union Agency for Cybersecurity)
    • Incident Response and Management: ENISA guidelines shape our incident response strategy, emphasising swift and coordinated actions to minimise the impact of system and data security incidents
  • NIST Cybersecurity Framework
    • Guided by NIST, our controls align with its five core functions: Identify, Protect, Detect, Respond, and Recover. This structured approach ensures a holistic and adaptive cybersecurity strategy.
  • COBIT (Control Objectives for Information Technologies)
    • Governance and Management: COBIT principles guide our governance and management practices, emphasising a balance between risk management, resource optimisation, and continuous improvement to enhance overall IT performance.
  • CNCS (National Cybersecurity Centre)
    • Critical Infrastructure Protection: Our controls are designed in compliance with CNCS standards, ensuring the protection of critical infrastructures against cybersecurity threats while reinforcing national security and resilience.

Why Choose Our Technological Risk Framework?

Comprehensive Coverage

We adopt a multifaceted approach by integrating controls from various standards to ensure extensive protection against diverse cybersecurity threats.

Adaptability

In the ever-evolving cybersecurity landscape, our framework is designed to adapt seamlessly. Regular updates and assessments keep us ahead of emerging risks.

Compliance Assurance

Our controls align with international standards and regulations, providing assurance to stakeholders and clients.

Continuous Improvement

We are committed to continuous improvement. Feedback loops and regular evaluations drive our efforts to enhance our controls further.

Use Cases

  • Corporate Governance and Maturity (CGM)
    • Assessment of the organisation's maturity through identification of operational, cultural and technological aspects mapped to analysis models in alignment with best practices, risk committees and continuous improvement cycles.
  • Risk and Control Management (RCM)

    • Risk assessment and scenario building considering potential impacts and probabilities from a risk appetite perspective.

  • Vendor Risk Management (VRM)

    • Managing suppliers and their suppliers through detailed identification, ensuring that information is stored and processed in alignment with the organisation's security requirements.

  • Active Awareness (AST)

    • Periodic awareness actions with effectiveness evaluation through simulation of the main attack vectors.

    • Phishing exercises, loss of portable devices, laptops without security measures in a continuous assessment process.

  • IT Interim Management

    • Consists of providing organisations with external management solutions and directive capacity, with a view to achieving a specific objective within a limited period of time. Once the project objectives and operational stability have been achieved, the Interim Manager ends the relationship with the organisation and moves on to their next assignment.

BDO Portugal: Your trusted partner in technological risk management.

In a world where technology and risk intersect, BDO Portugal is the compass that guides you to success. Our consultancy services are not just about risk management; it's about transforming challenges into opportunities, ensuring that your company not only survives but thrives in the digital age.

Partner with us and let's navigate the digital horizon together.


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Cristina Sousa Dias

Cristina Sousa Dias

Head of Advisory
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Ricardo Vidal Moreira

Ricardo Vidal Moreira

Diretor / IT
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