An Introduction to Ariel Technology.

We Unify Technologies, Offer Intelligence and Create Expertise required to successfully stop breaches.

Content:

1. Company Profile - Our Background.

2. Products, services and solutions.

3. Our business partners & product vendors.

4. Full Presentation for Ariel Technology 2023.
   

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1. Full Presentation for Ariel Technology 2024

   1. Endpoint Security - Trends and prediction

   2. Partnership - Vendors

   3. QMS - Company Procedures Revision 2024

   4. 
      

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Quiz/Exercise in this link. 

Ariel Technology 2023 Team Training

ISO 31000 Risk Management System

• Introduction & Scope

• Terms and Definitions

• Principles of Risk Management.

• Framework & Design

• Process of Implementation

  • Implementation Step 1

  • Implementation Step 2

  • Implementation Step 3

ISO 9001:2015 Quality Management System

Risk Assessment @Ariel Technology.

The assessment takes into consideration the likelihood and impact of the event’s occurrence, and, simultaneously, the levels of inherent and residual risk posed to the organization.

For e.g. In the process of assessing risks, the Enterprise Risk Management has outlined the risk ranking of “Loss of Cash” risk as follows: Inherent risk X Likelihood = 6 X 3 = 18

Impact: Temporary shutdown of ARIEL TECHNOLOGY processes due to lack of Cash

Risk Type: Financial Impact

6.1 Policies

Risk Assessment is conducted annually as part of the Annual Risk Assessment workshops during the 3rd quarter of ARIEL TECHNOLOGY’s fiscal year. The Risk Champions are responsible for communicating the updated risk register on a quarterly basis to the Risk Officer for their review and endorsement. Risk Assessment includes three key elements of risk:

• Impact

• Likelihood, and,

• Readiness, to provide an indication of the organization’s residual risk.

The following criteria are used for the ranking of the assessment of Impact and Likelihood:

Impact- Financial, stakeholders, strategic, Reputational, Operations

Risk Score

Catastrophic 5

Major 4

Moderate 3

Minor 2

Insignificant 1

Likelihood

Rank Likelihood Score

Certain More than 90% or Daily occurrence 5

Likely More than 60% but less than or equal to 90%, or Weekly occurrence 4

Moderate More than 35% but less than or equal to 60%, or Monthly occurrence 3

Unlikely More than 20% but less than or equal to 35%, or annual occurrence 2

Rare Up to 20% or long-term occurrence (once every 3 to 5 years) 1

Assessment of Impact is based on the risk parameters below:

• Financial impact

• Stakeholders’ impact

• Reputational impact

• Operational impact, and,

• Strategic impact.

Each risk parameter will consist of specific thresholds and determined based on ARIEL TECHNOLOGY’s Risk Appetite. These thresholds are used to determine the impact rank and score.

Impact is determined based on the highest impact rank under any of the parameters (e.g. if a risk is financially catastrophic but operationally minor, the risk impact will be ranked as catastrophic, thus = 5).

Assessment of likelihood is based on the number of occurrences of the risk event. Overall assessment of risk is based on the assessment of Impact and Likelihood taking into consideration the current control environment.

Total risk score is calculated based on the following formula: [Residual Impact X Residual Likelihood = Residual Risk Score].

The following table represents the ranks of the residual risk scores:

Risk Residual Risk Score

Catastrophic 20-25

Major 10-19

Moderate 05-09

Minor 03-04

Insignificant 01-02

The Risk Assessment Criteria is to be reviewed annually as part of this framework’s revision. Risk profiling and prioritization is based on the final risk scores determined by the risk assessment results. Upon completion of the risk management process, the Risk Management Department is responsible for developing and documenting a risk rating matrix to be presented to the Risk Committee. ARIEL TECHNOLOGY’s Risk Register is subject to the quarterly endorsement of the Risk Committee and Annual Beard approval.

6.2 Procedures

During the Risk Assessment workshop, the Risk Management Department ensures the following:

• The impact of each identified risk is tested under each risk parameter defined in this Framework and the impact scoring is determined accordingly.

• The likelihood of each identified risk is calculated based on the likelihood measurement criteria defined in this Framework.

• Total Inherent Risk Scoring is determined based on the formula [Impact X Likelihood]

• Risk Treatment is determined, and existing controls are assessed.

• Residual Impact and Likelihood are calculated again based on the criteria defined in this Framework.

• Final residual risk score is calculated based on the formula [residual impact X residual likelihood], and,

• Risk is ranked based on the heat map provided in Appendix 3.

• The Risk officer prepares the risk profiling based on the risk rankings and assigns the responsibilities for monitoring accordingly.

• The Risk Champions documents the results of the risk assessment within the Risk Register and this is validated by the respective head of departments and approved by the Risk Committee.

• The final risk register is disseminated to the Internal Audit for their reference and inputs (if any).

Reference: Ariel Technology Risk Policy