risK management
Structured approach to risk management
Carry out risk management in a structured manner that fits your organisation. Collaborate with your colleagues for the best possible assessments and get guidance along the way. With automation, centralisation, and a user-friendly interface, risk management becomes an integrated and continuous part of your compliance efforts.
Companies all over Europe already build sustainable GRC programmes with Wired Relations
The challenge
Strategic and operational anchoring of risk management
Risk management is at the core of data protection and information security. Yet, most compliance professionals find it challenging—both strategically and operationally. Finding the right framework and structure is a major task, and ensuring thorough assessments with input from relevant stakeholders is even harder.
Whichever approach you take, Wired Relations helps you structure the process, collaborate effectively, and maintain a comprehensive overview of your organisation’s risk landscape for management reporting.
Common daily challenges for compliance professionals:
How detailed should my risk management approach be?
How can I ensure the management team understands the risks?
I’m not familiar with the technical aspects—what do I do?
How do I get input from the business on real-world risks?
How to translate risk mitigation strategies into actionable security controls?
6 ways Wired Relations helps you structure risk management
Wired Relations gives you structure, overview and control. No matter how you do risk assessments, Wired Relations is suitable for it. It helps you organise risk management, collaborate with your colleagues and get an overview of total risks for management to sign off.
Flexible risk management approach
Compliance tools shouldn’t dictate your level of detail. Wired Relations is flexible enough to support high-level assessments or deep dives into specific threats to systems or processes.
Delegate risk assessments to strengthen ownership
Your risk landscape evolves constantly. Wired Relations lets you delegate assessments to system owners, enabling more accurate evaluations and saving you time.
Link risks to systems, activities, and assets
Assessments can be directly linked to your information assets - systems, processing activities, or physical assets - creating a clearer, more coherent documentation trail.
Clear overview of your risk landscape
A clear risk picture enables better prioritisation. Wired Relations features an interactive Risk Matrix and a customisable risk assessment overview, making reporting to management easier while offering in-depth detail for daily risk work.
Support and guidance during risk assessments
Wired Relations provides tips and examples during assessments. Our experts are also on hand to assist with any questions that arise.
Flexible risk matrix and scales
Our risk module is fully customisable to suit your organisation’s needs. You can:
- Adjust the impact/likelihood scale (e.g., 4x4 or 5x5).
- Define your own risk levels (e.g., green, yellow, red – or four levels with orange).
- Add help texts to guide consistent and qualified assessments.
This flexibility allows you to manage risks on your own terms while improving consistency and quality across the organisation.
Centralise and systematise your risk overview
Many organisations struggle to gain a clear view of their current risk posture due to fragmented data. A centralised approach ensures better quality, consistency, and timely updates.
Best practices for centralised risk management:
- Break down organisational silos: Consolidated data allows for cross-functional risk analysis.
- Improve data quality and reduce errors: A central platform reduces duplication and promotes consistency.
- Foster organisational learning: Access to past incidents and assessments improves future risk evaluations.
Risk mitigation and active risk handling
Identifying risks is just the beginning—equally important is a structured mitigation approach. Best practices include prioritisation, follow-up, and strategic alignment.
Tips for effective risk management:
- Systematic prioritisation: Use risk frameworks to assess which risks need action—and evaluate existing controls.
- Stakeholder involvement: Engage those who know the business best through approvals and feedback loops.
- Visualise impact: Use “before-and-after” views to support reporting and decision-making.
- Create actionable plans: Manage mitigation with clear action plans that can be tracked to completion.
- Strategic alignment: Link risk management to business objectives and KPIs for greater impact.
Frequently Asked Questions about Risk management
A risk assessment evaluates whether your information assets are sufficiently protected. This involves identifying threats, assessing likelihood and impact, and prioritising mitigations. It requires input from both technical and business stakeholders and should be systematic, documented, and ideally supported by a centralised tool.
A risk matrix visualises risks on a grid with axes for likelihood and impact. Risks are placed in colour-coded areas (typically green, yellow, red) to highlight critical threats. It supports both prioritisation and communication with management.
Automation ensures risk management remains consistent. With workflows, notifications, and follow-ups, you ensure that assessments are reviewed regularly—reducing errors and enhancing documentation and compliance.
Risk mitigation refers to actions taken to reduce the likelihood or impact of a risk. This can include technical controls, procedures, or process changes. It’s important to regularly evaluate whether these measures are effective.
