Security Risk Analysis and Management

Baráth & Partners offers wide-scale, comprehensive risk analysis and management services to assess and eliminate any endangering circumstances or activities regarding an individual project or the entire course of business of a company.  Risk analysis may play an important role in the case of foreign or regional investments that involves the lack of local knowledge.

Risk analysis is a very important step among the measures taken for the protection of the interests of a company. It helps to shed light upon those factors that may cause potential danger. The existence of legislation, regulations and prescriptions in itself does not necessarily guarantee the occurrence of the damage. Based on the data gained from risk analysis, we plan the measures to eliminate, or mitigate danger.

In the case of an independent project or the intension of foreign investment, the assessment of general operational and local, regional risks include in the procedure of security risk analysis and management:

• Security risks resulting from general domestic politics (domination of extreme, xenophobic, nationalist forces) and economic situation
• Political and economic characteristics of the region
• The general and local situation of corruption, with a special emphasis on state authorities, institutions and organizations
• The general and local criminal situation and tendencies, regarding, primarily, organized crime and violent crime
• Prevalence of crime against intellectual property – patents, trademarks, etc. – as well as theft and counterfeiting; the endangeredness of the given sector
• Characteristics of „black market” and „grey economy”

In the course of a concrete security risk assessment of a company we analyze:

• The existence and observance of corporate regulations and instructions
• The preparedness, suitability and commitment of the management and people in important positions
• The situation of the general and electronic data and secrecy protection
• The operation of the manpowered and technical property protection system
• Any security gaps detectable in the system

Besides its preventive nature, security risk analysis is also suitable to detect the personal and objective circumstances enabling the occurrence of a former extraordinary event.