Service Overview

What Strategic Risk Advisory Means for Your Organisation

Codec Networks helps Boards, CFOs and risk committees see cyber risk as a business risk: identified across the enterprise, measured in rupees, checked before every deal and rehearsed before the real crisis.

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Why corporate clients need Strategic Risk Advisory now

Boards are now expected to show that they oversee cyber risk with the same discipline as financial risk. Ransomware can halt a business for weeks, acquisitions can bring hidden breaches, and AI and digital assets create new exposures. Regulators, investors, insurers and lenders ask directors for evidence of oversight, not assurances.

US$60 bnIn 2025, India's deals reached US$60 bn across 963 M&A transactions
7connected sub-services under one Board-level model
9stage delivery methodology for every engagement
3levels priced for small, medium and large enterprises

Source: Grant Thornton.

What Strategic Risk Advisory is

Board-Level Cyber Security Consulting & Advisory Services is the Codec Networks practice that helps Boards of Directors, Audit and Risk Committees, CXOs and General Counsels understand, govern and reduce cyber risk. It treats cyber security as a business, legal and reputational risk that leadership must govern, not only as an IT control. Strategic Risk Advisory for Enterprise & Board Leadership is the sub-segment that brings cyber risk into the decisions Boards take: which risks to accept, which deals to sign, which transformations to fund and how to respond in a crisis. Codec Networks builds it on three parts:

Identify

Which cyber risks could stop the business meeting its objectives, in deals, transformation and daily operations.

We put in place: ERM integration, deal due diligence, transformation and Web3 risk reviews

Quantify

How much those risks could cost, and which investments reduce the loss exposure most.

We put in place: FAIR-based loss ranges, control value analysis and Board dashboards

Prepare

Whether leaders can make the right decisions in the first hours of a crisis.

We put in place: Tabletop exercises, war-games, ransomware simulation and director briefings

Seven sub-services, one risk model

Each sub-service can be bought on its own. Most clients combine two or more, because Codec Networks uses one risk register, one set of loss scenarios and one Board view across all seven.

Enterprise Risk Management (ERM) Based on ISO 31000

Enterprise Risk Management (ERM) is how an organisation identifies, assesses and treats the risks that could stop it meeting its objectives. ISO 31000:2018 sets out the principles, framework and process. Codec Networks brings cyber risk into the client's ERM, so that high-impact cyber scenarios sit in the same register, under the same appetite and owners, as financial, operational and strategic risks.

What Codec Networks does
  • Reviews the client's risk management framework, risk appetite and risk register against ISO 31000:2018.
  • Runs business-led workshops to identify high-impact cyber scenarios for each business unit, process and critical system.
  • Rates cyber risks on the client's enterprise scale and assigns business owners, treatments and key risk indicators.
  • Links the cyber register to the Board risk report and the risk management committee calendar.

Client outcome: Cyber risk owned by the business and reported on the same scale as every other enterprise risk.

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Cyber Risk Quantification (CRQ) and FAIR Model Advisory

Cyber Risk Quantification (CRQ) estimates how often a loss event is likely to happen and how much it could cost, so cyber risk can be compared with other business risks and with the cost of controls. FAIR (Factor Analysis of Information Risk), published as Open Group standards, is the most widely used model. Codec Networks applies it for CFOs, risk committees and Boards.

What Codec Networks does
  • Selects the top loss scenarios with the CFO and risk committee, such as ransomware, data breach or a critical vendor outage.
  • Gathers the client's own data on frequency, downtime, revenue and response costs, with industry benchmarks where data is thin.
  • Runs FAIR-based estimates and shows results as ranges of annual loss exposure, not single numbers.
  • Compares control investments by how much loss exposure they reduce, and supports cyber insurance decisions.

Client outcome: Cyber risk the CFO can compare, budget and insure in rupee terms.

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Cybersecurity Due Diligence for Mergers, Acquisitions and Private Equity

Cyber due diligence assesses the cyber security and data protection position of a target company before an acquisition, merger or investment, so that the buyer knows what it is inheriting. Codec Networks supports corporate acquirers, private equity and venture investors, and their legal and financial advisers, from outside-in screening to a full assessment and a 100-day plan.

What Codec Networks does
  • Runs an outside-in screen of the target's internet exposure, leaked credentials and breach history, with no access needed.
  • Performs document review, management interviews and, with consent, technical checks of critical systems.
  • Reports red flags, remediation costs and inputs for price, warranties, indemnities and conditions.
  • Builds the post-signing 100-day cyber plan and supports integration or carve-out.

Client outcome: Cyber risk priced into the deal instead of discovered after closing.

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Digital Transformation Risk Assessments: Cloud, AI, IoT and IT Modernisation

Digital transformation programmes move workloads to the cloud, add AI and automation, connect devices and replace legacy systems. Each one changes the organisation's risk. Codec Networks assesses transformation programmes at the design stage and during rollout, so that the Board approves them with their risks understood and controls built in.

What Codec Networks does
  • Maps the programme's architecture, data flows, third parties and decision points.
  • Assesses cloud, AI, IoT and modernisation risks against recognised frameworks such as ISO/IEC 42001 and the NIST AI RMF for AI.
  • Sets security and privacy requirements for each phase, with go-live criteria.
  • Reports programme risk to the steering committee and Board at agreed gates.

Client outcome: Transformation that moves fast with its risks known and controlled.

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Web3 and DeFi Risk Audits

Businesses adopting blockchain, tokenisation or decentralised applications take on new risks: smart contract flaws, private-key and custody failures, oracle and bridge attacks, and regulatory obligations for virtual digital assets. Codec Networks audits these risks for enterprises, exchanges, fintechs and Web3 projects, combining governance review with technical testing.

What Codec Networks does
  • Reviews the business model, token or asset flows and the applicable obligations, such as registration of virtual digital asset service providers with FIU-IND under the PMLA notification of March 2023.
  • Audits smart contracts for known vulnerability classes with automated tools and manual review.
  • Assesses wallet, key management and custody controls, including multisignature and signing processes.
  • Reviews protocol governance, oracles, bridges and incident response for on-chain events.

Client outcome: Blockchain adoption with code, keys and governance independently checked.

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Board-Level Cyber Reporting Dashboards and Executive Awareness Briefings

Directors need a short, consistent view of cyber risk that tells them what has changed, what is at risk and what decisions are needed. Codec Networks designs Board and committee dashboards, builds the reporting process behind them and briefs directors and executives on cyber risk and their oversight duties.

What Codec Networks does
  • Agrees with the Board and risk committee what they need to decide and oversee, and designs a one-page view around it.
  • Selects key risk indicators and metrics from existing tools and audits, with thresholds and trends.
  • Sets up the quarterly reporting process and prepares the first packs with management.
  • Delivers awareness briefings for directors and executives on threats, oversight duties and incident roles.

Client outcome: Directors who can see, question and decide on cyber risk at every meeting.

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Stress Testing, Cyber War-Gaming and Ransomware Simulation

A cyber crisis is decided in the first hours by people, not technology: who decides, who speaks, whether to pay, when to tell the regulator. Codec Networks tests these decisions through tabletop exercises, multi-team war-games and ransomware simulations built on realistic scenarios, and stress-tests the business against severe but plausible events.

What Codec Networks does
  • Designs scenarios from the client's own threats and dependencies, such as ransomware, a critical vendor outage or a deepfake fraud.
  • Runs Board and executive tabletop exercises with injects covering regulators, media, customers and ransom demands.
  • Runs multi-team war-games and, with approval, controlled technical ransomware simulations to test detection and recovery.
  • Reports decision gaps and playbook fixes, and tracks them to closure.

Client outcome: A Board and leadership team that has already rehearsed its worst day.

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Find your starting point

Answer 6 quick questions. The finder suggests which Codec Networks Strategic Risk Advisory services to start with.

  1. Does your Board or risk committee lack a clear view of cyber risk alongside other enterprise risks?
  2. Does your CFO need cyber risk in rupees for budgets or insurance?
  3. Are you buying, merging with or investing in a company?
  4. Are you moving to the cloud, adopting AI or modernising core systems?
  5. Are you launching tokens, a DeFi product or blockchain services?
  6. Has your leadership team never rehearsed a ransomware crisis?

Your suggested starting point

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Who the service is for inside a client organisation

StakeholderWhat Codec Networks gives them
Board of DirectorsA clear, decision-ready view of cyber risk, appetite and the questions to ask
Risk and Audit CommitteesA cyber section in the enterprise risk register, KRIs and independent assurance
CEO and business headsRisks of strategy, transformation and deals known before commitments are made
CFO and treasuryCyber risk in rupees for budgets, insurance and capital decisions
Chief Risk Officer and CISOOne risk language with the business and support for the risk committee
Deal teams, PE and venture investorsCyber due diligence that fits deal timelines and documents
General Counsel and company secretaryEvidence of oversight, disclosure readiness and crisis decision records

Industries Codec Networks serves with Strategic Risk Advisory

IndustryTypical Strategic Risk Advisory priorities
Listed companies and diversified groupsRisk committee reporting, ERM integration, CRQ and crisis exercises
Banks, NBFCs, insurers and fintechScenario quantification, war-games and transformation risk
Private equity, venture capital and family officesDeal due diligence, portfolio cyber dashboards and 100-day plans
IT/ITeS, SaaS and digital platformsAI and cloud transformation risk, customer assurance
Exchanges, VDA platforms and Web3 projectsWeb3 and DeFi audits, custody and governance reviews
Manufacturing, energy and infrastructureOutage stress tests, ransomware rehearsal and supplier risk
Healthcare and consumer businessesRansomware scenarios, fraud and brand crisis rehearsal

How Codec Networks engages

Every engagement follows Codec Networks' nine-stage delivery methodology, from discovery and scoping through assessment, analysis and executive review to closure and continuous improvement. Clients can choose Basic, Medium or Advanced levels for small, medium and large enterprises, delivered as a fixed-scope project, a per-deal engagement or an ongoing retainer.

Why clients trust Codec Networks with Strategic Risk Advisory

CERT-In empanelledInformation security auditing organisation
NICSI empanelledApplication audit and compliance services
ISO certifiedISO/IEC 27001:2022, ISO 9001:2015 and ISO/IEC 20000-1:2018: we run the systems we build for clients
One teamGovernance plus VAPT, cloud and configuration reviews, Managed SOC, forensics and awareness training

Talk to Codec Networks

Ask Codec Networks for a strategic risk scoping call. We will confirm which of the seven sub-services apply to you and what a first phase would cover.

New Delhi
507, 5th Floor, New Delhi House, Barakhamba Road, Connaught Place, New Delhi – 110001

Gurugram
707, 7th Floor, Silverton Tower, Golf Course Extension Road, Sector 50, Gurugram – 122018, Haryana

Call
011 430 496 96 | 011 437 522 99 · +91 99716 76124 | +91 88007 88220 | +91 88003 31124

Write
mktg@codecnetworks.com

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