Cyber Risk Management
Turn cybersecurity risk into something your board can act on.
Most cybersecurity risk registers are decorative. They get built, they get filed, they get pulled out once a year to satisfy an auditor, and they go back in the drawer. The board sees a heat map nobody updates. The leadership team makes decisions based on instinct because the risk data is too abstract to be useful. And the IT team carries the weight of "risk ownership" without any actual authority to do anything about it.
This is not risk management. This is risk paperwork.
It satisfies auditors who don't look closely. It satisfies boards who don't know what to ask. It satisfies regulators who haven't gotten serious yet. And it does almost nothing to reduce risk.
Magenta builds risk programs that work the other way around — programs that surface decisions, drive action, and make cyber risk a useful management tool instead of a compliance artifact.
What a cyber risk management engagement looks like
We help organizations build or rebuild their cyber risk program so it surfaces the right issues, prioritizes against business impact, and gives leadership clear options for what to do. Risk you can argue about. Risk you can act on. Risk that ends up in board minutes, not in a folder.
Engagements range from one-off risk assessments (point-in-time, often pre-audit or pre-certification) to ongoing risk program operation (where Magenta runs the risk function as part of a fractional CISO retainer)
Our methodology
STEP 01
STEP 02
STEP 03
STEP 04
STEP 05
STEP 06
STEP 07
Frameworks we align to
NIST Cybersecurity Framework 2.0
NIST Risk Management Framework (RMF)
ISO/IEC 27005 (information security risk management)
ISO 31000 (enterprise risk management)
COBIT 2019
Sector-specific frameworks where they apply (HIPAA Security Risk Assessment, PCI DSS, FIPPA/MFIPPA, etc.)
Who this is for
Public sector bodies preparing for audit cycles, oversight reviews, or government-wide risk reporting obligations.
Organizations approaching certification (SOC 2, ISO 27001, HIPAA, sector-specific) where formal risk management is required evidence.
Non-profits and mid-market firms whose boards have started asking harder cyber questions than the existing risk program can answer.
Growing companies whose risk profile has outpaced their risk practices — common after a funding round, a major customer win, or a regulatory threshold crossing.
Any organization where cyber risk has stopped being a useful management tool and started being a paperwork burden.
What you walk away with
A risk program your leadership team uses
A risk register that surfaces the issues that matter — not all issues, indiscriminately
Executive reporting calibrated to your stakeholders
Treatment recommendations with cost, owner, and timeline for each
Defensibility under audit, regulatory review, customer due diligence, or stakeholder scrutiny
A framework that scales as your organization grows and the threat landscape evolves
A risk operating cadence your team can sustain after the engagement ends
Why Magenta for risk management
Our team brings deep experience across cyber, IT, and project risk management — and we treat risk as a management discipline, not a compliance exercise. We've seen risk programs that work and risk programs that don't, and the difference is almost never the framework. It's whether the program produces decisions.
Anyone can build a risk register. The harder question is whether the register changes what your organization does next month. That's what we build.
A strong risk register is the foundation of an effective tabletop exercise — the scenarios we build get sharper when they're grounded in your real, prioritized risks.
Identification
Threat-informed, framework-aligned, and grounded in the actual business. We use threat intelligence appropriate to your sector, not generic risk libraries that look identical for every client.
Assessment
For each risk: likelihood, impact, the controls already in place, and the residual risk that remains. Assessment criteria are calibrated to your organization — the numbers must mean something inside your context.
Prioritization
By business impact, regulatory exposure, and treatment cost. A risk that looks high on paper but is cheap to mitigate gets treated differently from one that requires capital investment.
Scoping
What's in scope, what frameworks apply, what your risk appetite looks like, and who the audience for the program is. Different audiences need different outputs from the same underlying risk data — we design the program with all of them in mind.
Treatment Recommendations
Accept, mitigate, transfer, or avoid — with rationale, cost estimate, owner assignment, and timeline for each. Documented so a board can approve them, a regulator can review them, and an IT team can execute them.
Communication
Executive reporting that drives decisions. Heat maps where heat maps add value. Narrative summaries where narrative matters more. Board-level briefings calibrated to what boards need to know.
Monitoring
Risk doesn't sit still; neither should your program. We establish a cadence for risk review, control monitoring, and risk register refresh — built in a way your team can sustain after we step back.
