--- title: "Security Risk Management Advisory Services" url: "https://www.lbmc.com/services/cybersecurity/security-risk-advisory/" description: "Strengthen your cybersecurity strategy with LBMC’s security risk management advisory services, including risk assessments, VRM, and governance support." site: "LBMC" type: "Page" published: "2026-04-08" updated: "2026-09-02" --- [Home](https://www.lbmc.com/) » [Services & Solutions](https://www.lbmc.com/services/) » [Cybersecurity](https://www.lbmc.com/services/cybersecurity/) » Security Risk Management Advisory Services # Security Risk Management Advisory Services Organizations today face increasing pressure to manage cybersecurity risk while meeting regulatory requirements, supporting business growth, and maintaining operational resilience. LBMC’s security risk management advisory services help organizations identify risks, strengthen security programs, and make informed decisions with confidence. Our team provides strategic guidance, practical assessments, and ongoing support to help you protect your assets, people, and reputation. With experience across regulated industries and complex environments, we help uncover weaknesses and build stronger, more resilient security programs. ### Questions About Cybersecurity Services? If you’re evaluating risks, preparing for an assessment, or responding to new security requirements, our team can help you understand your options and determine next steps. Contact Our Experts ## LBMC Security Risk Management Advisory Services LBMC helps organizations identify, manage, and reduce cybersecurity risk through practical, business-aligned advisory services. We work with leadership teams, security professionals, and operational stakeholders to strengthen security programs, improve governance, and address evolving risk across the organization. **Our work focuses on:** - Identifying risks across systems, processes, and third-party relationships - Strengthening security governance and decision-making - Supporting compliance and regulatory alignment - Improving security program maturity and scalability - Providing ongoing advisory support to internal teams ![10 Essential Layers of Network Security](https://www.lbmc.com/wp-content/uploads/2019/07/security_9_layers.jpg) ## Core Security Risk Advisory Services [Cyber Core](https://www.lbmc.com/services/cybersecurity/cyber-core/)[HIPAA Risk Security & Privacy Assessments](https://www.lbmc.com/services/cybersecurity/hipaa-risk-assessment/)[Risk Assessments](https://www.lbmc.com/services/cybersecurity/security-risk-assessments/)[Vendor Risk Management (VRM)](https://www.lbmc.com/services/cybersecurity/security-risk-advisory/#vrm) ## Additional Advisory Capabilities - Security maturity and capability assessments - Cybersecurity strategy and governance advisory - Third-party and vendor risk program development - Embedded security advisory support - Threat and vulnerability evaluation support, including [penetration testing](https://www.lbmc.com/services/cybersecurity/penetration-testing/) to validate security controls and identify exploitable weaknesses. - Security program benchmarking against industry standards ### Solutions Built Around Your Goals Whether you’re managing complexity, preparing for growth, or exploring new opportunities, LBMC delivers practical guidance and strategic support to help you move forward with confidence. Talk to an Advisor LBMC’s Cybersecurity team conducted a thorough evaluation of our internal IT systems, identified security weaknesses, and helped us strengthen our defenses. Their expertise and professionalism have made us confident in our security measures. Chief Financial Officer at Nashville bank ## Vendor Risk Management Advisory Services Vendors play a critical role in modern business operations, but they also introduce risk. LBMC takes a practical, business-aligned approach to vendor risk management (VRM) that helps organizations build scalable and effective programs. **Our approach includes:** - Reviewing and enhancing your existing vendor risk management program - Developing vendor questionnaires and risk assessment methodologies - Conducting risk assessments across your vendor population - Providing clear recommendations to improve oversight and reduce exposure This structured approach helps organizations maintain visibility and control across third-party relationships. ## What You Get from an Advisory Engagement LBMC focuses on delivering clear, actionable outcomes—not just recommendations. **Typical deliverables include:** - Risk assessment findings and gap analysis - Security maturity scoring and benchmarking - Prioritized remediation roadmap - Vendor risk evaluation insights - Governance and strategy recommendations - Executive-level reporting for leadership and stakeholders ### Find the Right Solutions for Your Organization If you’re unsure where you stand, LBMC can help you evaluate your current state and identify next steps. We’ll begin with a practical discussion focused on your environment, risks, and goals. Start a Conversation ## What Are Security Risk Management Advisory Services? Security risk management advisory services help organizations identify, assess, and reduce cybersecurity risks through strategic guidance, governance alignment, and ongoing program support. Unlike traditional consulting, advisory services focus on long-term risk management, executive decision-making, and improving overall security maturity—not just one-time projects. **At LBMC, this includes:** - Risk assessments and security evaluations - Program and maturity assessments - Vendor and third-party risk oversight - Strategic planning and governance support ## When Organizations Turn to LBMC for Security Risk Management Organizations engage LBMC when they need to better understand their cybersecurity risks, strengthen governance, or build a more mature security program. Whether responding to new regulatory requirements, preparing for growth, or addressing emerging threats, our team helps organizations identify priorities and create practical, risk-based strategies. Common reasons organizations engage LBMC include: - Conducting a **Risk Assessment** to identify security gaps - Establishing or strengthening a **Vendor Risk Management (VRM)** program - Evaluating security posture through **Cyber Core** - Completing **HIPAA Risk Security & Privacy Assessments** - Preparing for cloud migration or digital transformation initiatives - Responding to executive, board, or investor concerns - Improving cybersecurity governance and program maturity - Building internal security capabilities ### Local Expertise, Wherever You Are With offices in [Chattanooga](https://www.lbmc.com/locations/chattanooga/), [Memphis](https://www.lbmc.com/locations/memphis/), [Louisville](https://www.lbmc.com/locations/louisville/), [Nashville](https://www.lbmc.com/locations/nashville/), [Knoxville](https://www.lbmc.com/locations/knoxville/), [Philadelphia](https://www.lbmc.com/locations/philadelphia/), and [Charlotte](https://www.lbmc.com/locations/charlotte/), plus remote offices, LBMC partners with businesses across the region and beyond. [Find an office near you.](https://www.lbmc.com/locations/) ## Why Choose LBMC as Your Cybersecurity Advisor? LBMC combines real-world experience with practical, business-focused guidance to help organizations move forward with confidence. **What sets LBMC apart:** - Decades of experience across cybersecurity and risk management - Deep understanding of regulated industries and compliance requirements - Practical, actionable recommendations—not theoretical guidance - Integrated services across advisory, technical, and compliance domains - Trusted relationships built on long-term client success ## Industries We Support​ Security leaders across industries rely on strategic guidance to balance cybersecurity, compliance, and business objectives. LBMC helps healthcare organizations, manufacturers, technology companies, private equity firms, and other organizations strengthen governance, improve security maturity, and make informed risk management decisions. #### Featured Industries - [Government](https://www.lbmc.com/industries/government/) - [Healthcare](https://www.lbmc.com/industries/healthcare/) - [Manufacturing and Distribution](https://www.lbmc.com/industries/manufacturing-distribution/) - [Private Equity](https://www.lbmc.com/industries/private-equity/) - [Real Estate and Construction](https://www.lbmc.com/industries/real-estate-construction/) - [Technology & SaaS](https://www.lbmc.com/industries/technology/) [Explore Additional Industries We Serve](https://www.lbmc.com/industries/) ## Security Risk Advisory Insights [![Cybersecurity Strategies for Middle Market Businesses](https://www.lbmc.com/wp-content/uploads/2026/08/iStock-1354205084-300x169.jpg)](https://www.lbmc.com/blog/cybersecurity-strategies-for-middle-market-businesses/) ### [Cybersecurity Strategies for Middle Market Businesses](https://www.lbmc.com/blog/cybersecurity-strategies-for-middle-market-businesses/) August 18, 2026 [![Three Tenets of Information Security](https://www.lbmc.com/wp-content/uploads/2022/05/31128_Image-300x169.jpg)](https://www.lbmc.com/blog/three-tenets-of-information-security/) ### [CIA Triad in Information Security: Confidentiality, Integrity, Availability](https://www.lbmc.com/blog/three-tenets-of-information-security/) June 17, 2026 [![What should be considered from a cybersecurity perspective before entering an acquisition?](https://www.lbmc.com/wp-content/uploads/2019/12/iStock_000021429778Medium_risk-e1576174532771-300x225.jpg)](https://www.lbmc.com/blog/cybersecurity-considerations-acquisition/) ### [Cybersecurity Due Diligence for Investors in Acquisitions](https://www.lbmc.com/blog/cybersecurity-considerations-acquisition/) October 2, 2025 [See All Cybersecurity Resources](https://www.lbmc.com/blog/tag/security-risk-advisory/) ### Cybersecurity Insights — Delivered to Your Inbox Stay informed on emerging threats, evolving compliance requirements, and practical strategies to strengthen your organization’s security posture. What you’ll receive: - Cybersecurity trends, threats, and risk insights - Compliance updates across frameworks like HITRUST, CMMC, SOC, and NIST - Practical guidance from LBMC cybersecurity advisors - Invitations to webinars, events, and new resources ## Meet Our Security Risk Management Leader Our cybersecurity advisors help organizations identify, prioritize, and manage cyber risk through practical guidance, strategic planning, and ongoing advisory services. [![Van Steel, CISA, CISSP, CCSFP, leads LBMC’s cybersecurity consulting service line, driving national cyber risk assessment leadership.](https://www.lbmc.com/wp-content/uploads/2025/07/Steel-Van-2023-web-150x150.jpg)](https://www.lbmc.com/team/van-steel/) ## [Van Steel](https://www.lbmc.com/team/van-steel/) #### Shareholder, Cybersecurity [van.steel@LBMC.com](mailto:van.steel@LBMC.com) ## FAQs About Security Risk Advisory Services **What is a cybersecurity risk assessment?** A cybersecurity risk assessment helps organizations identify vulnerabilities, evaluate potential business impacts, and prioritize improvements based on risk. LBMC’s [**Risk Assessments**](https://www.lbmc.com/services/cybersecurity/security-risk-assessments/) provide practical recommendations that strengthen security while supporting business objectives. **How does vendor risk management improve cybersecurity?** Third-party vendors can introduce significant cybersecurity risks if they aren’t properly evaluated and monitored. [**Vendor Risk Management (VRM)**](https://www.lbmc.com/services/cybersecurity/security-risk-advisory/#vrm) helps organizations assess vendor security practices, reduce third-party risk, and support ongoing governance. **What is Cyber Core?** [**Cyber Core**](https://www.lbmc.com/services/cybersecurity/cyber-core/) provides organizations with a comprehensive evaluation of their cybersecurity program, helping leadership understand current strengths, identify gaps, and prioritize improvements based on business risk. **When should healthcare organizations perform a HIPAA security risk assessment?** [**Healthcare organizations**](https://www.lbmc.com/industries/healthcare/) should conduct regular [**HIPAA Risk Security & Privacy Assessments**](https://www.lbmc.com/services/cybersecurity/hipaa-risk-assessment/) to evaluate safeguards protecting electronic protected health information (ePHI), support HIPAA compliance, and identify opportunities to strengthen their cybersecurity program. **How does cybersecurity risk management support compliance initiatives?** Managing cybersecurity risk provides the foundation for successful compliance efforts. Organizations often combine [**Risk Assessments**](https://www.lbmc.com/services/cybersecurity/security-risk-assessments/) with [**IT Security Compliance & Assurance Services**](https://www.lbmc.com/services/cybersecurity/it-security-compliance-assurance/) to strengthen governance, improve security controls, and prepare for regulatory or customer requirements. **How does security risk management support technology modernization?** Modernizing technology, migrating to the cloud, or implementing new business applications introduces new cybersecurity risks. Our Cybersecurity team works alongside [**Business Technology**](https://www.lbmc.com/technology/business-technology/), [**Accounting Software & Cloud Solutions**](https://www.lbmc.com/technology/erp/), [**Customer Relationship Management (CRM)**](https://www.lbmc.com/technology/crm-software/), and [**Integrations & Software Development**](https://www.lbmctech.com/software-development/) to help organizations manage risk throughout technology initiatives. **How does cybersecurity support AI and data initiatives?** As organizations adopt AI and modern data platforms, cybersecurity helps protect sensitive information, strengthen governance, and manage emerging risks. LBMC collaborates with [**AI & Generative AI Strategy Services**](https://www.lbmc.com/services/advisory/ai-business-intelligence/ai-generative-ai-strategy/), [**AI & Business Intelligence**](https://www.lbmc.com/services/advisory/ai-business-intelligence/), [**Business Intelligence & Analytics Services**](https://www.lbmc.com/services/advisory/ai-business-intelligence/business-intelligence-analytics/), and [**Data Modernization Services**](https://www.lbmc.com/services/advisory/ai-business-intelligence/data-modernization-services/) to support secure innovation. ## Let’s Talk About Your Security and Risk Priorities Whether you’re evaluating your current security program, managing vendor risk, or strengthening your overall risk posture, LBMC can help you identify where you stand and what to do next. We’ll start with a focused conversation around your environment, priorities, and the steps needed to move forward with confidence.