How Much Does a Cybersecurity Risk Assessment Cost: A Breakdown of Factors That Affect Pricing
When evaluating cybersecurity risk assessment pricing, there are a few critical factors to understand that will impact the end pricing and the smoothness of the assessment.
Below, we’ll answer the question, “How much does a cybersecurity risk assessment cost?” You will also learn what’s involved in a Mandry SECURE assessment and a few other points to be aware of.
What’s Included In The Typical Mandry Technology Cybersecurity Assessment
Having worked with hundreds of companies over twenty years, Mandry has developed a detailed cybersecurity assessment plan that can be tailored to companies of different sizes and risk profiles.
Below are some common evaluation points we look at when conducting cybersecurity risk assessments:
- Inventory and control of IT assets
- Inventory and control of software assets
- Data protection
- Secure configuration of IT assets
- Account management
- Access control management
- Continuous vulnerability management
- Audit log management
- Email & browser protection
- Malware & browser defense
- Data recovery
- Network infrastructure management
- Network monitoring and defense
- Security awareness & skills training
- Third-party service provider management
- Incident response management
- Penetration testing
- Physical security
Key Factors Influencing Cybersecurity Assessment Pricing
As you can tell from the list above, many different points are examined for a comprehensive cybersecurity risk assessment.
Not all of these will apply to your business, and depending on the size and number of users you have accessing your networks, the assessment scale can vary greatly.
With that understanding, here are a few factors that will affect your organization’s cybersecurity assessment cost.
Size of the Organization
The organization’s size is among the most impactful factors when pricing a cybersecurity risk assessment. In this case, size typically covers the number of users within your organization, devices, etc.
Here is a sample breakdown of cybersecurity assessment pricing based on different organization sizes to give you an idea of what this looks like.
Small Business
Under 100 users starting at $5,000
Mid-Sized Business
100 to 249 starting at $10,000
Enterprise-Level
250+ users starting at $15,000
Regulatory and Compliance Factors
There are typically added requirements for regulated industries, such as healthcare, finance, and education, that can increase the costs of cybersecurity assessments.
Here are a few industry-specific regulations that come into play when conducting cybersecurity assessments:
- HIPAA
- PCI-DSS
- GDPR
- GLBA
- FERPA
Complexity of Infrastructure
One final factor that will significantly impact the price of conducting a cybersecurity risk assessment is the complexity of your infrastructure.
The more locations your organization has, the larger and more complex your networks, the more resources will go into the assessment, and therefore, the higher the price.
Multiple Locations
A single-location business is not nearly as complex as one with multiple locations all communicating with each other.
Examples of more complex businesses might include:
- Banks and credit unions
- Healthcare clinics and hospitals
- Multi-location retail or grocery
- Colleges or universities
- School districts
Anytime there are multiple locations, the number of threat vectors and resources needed for on-premise inspections increases.
Hidden Costs in Cybersecurity Assessments
While the above information should help you determine the cost of a cybersecurity risk assessment, there are some hidden factors to consider.
Client Side Delays
While many factors that influence cybersecurity assessment pricing are outside your control, you can prevent some. Delays in presenting information, allowing on-premise access, etc., can cause the price of an assessment to increase due to the extended timelines.
Cybersecurity assessments are labor intensive, and any delays mean the security experts working on your evaluation must rearrange and reprioritize other projects.
It’s always best to work with the team assessing at the beginning to understand the hard dates and iron out any potential complications or delays that might arise later on.
Environmental Factors
Another major issue that can lead to higher costs, though not necessarily within your control, is the various environmental factors present during the assessment.
Network Latency
On-Site Disruptions
Not all businesses are the same; some locations are more conducive to quick inspection and assessment than others.
For example, active environments such as hospitals or airports are generally more challenging as the assessment must be tailored to provide minimum disruption.
Unlike a retail establishment or bank with regular operational hours, these environments are much more dynamic and, therefore, require a greater degree of planning.
Common Questions About Cybersecurity Risk Assessment Pricing
Here are answers to a couple of the most commonly asked questions about cybersecurity risk assessment costs, helping you understand what affects its cost.
What are the common mistakes organizations make during assessments?
From our extensive experience, one issue we see that is detrimental to the organization is managers’ attempts to “pass” the assessment by obfuscating or hiding issues.
Remember, a cybersecurity assessment aims to find problems within the organization and fix them BEFORE a significant issue occurs.
While performing poorly on an assessment isn’t ideal, diagnosing and fixing these issues is much better in the long term than being in a leadership position when a successful cybersecurity attack occurs.
How often should assessments be performed?
Our standard recommendation is that your company conduct a cybersecurity assessment each year.
Depending on the industry, this can be either a recommendation or a hard requirement. Some regulated industries, such as finance and healthcare, must conduct this assessment yearly for regulatory compliance.
Even if you aren’t in one of these industries, a yearly assessment can go a long way toward helping you stay protected and even getting better terms on cyber risk insurance.
Remember that the digital world is dynamic, and threats constantly evolve, so staying on top of potential issues is critical.
Contact Mandry To Get Precise Pricing for a Cybersecurity Risk Assessment
It can be tempting to choose fixed-price providers; indeed, they are out there, but remember, you are paying.
While the above information should help you understand the factors that influence pricing, speaking with professionals is the only way to know precisely how much a cybersecurity assessment will cost your organization.
To that end, Mandry Technology can help. With over 22 years of experience in IT and cybersecurity, you can be assured that the job will be done correctly without the corner-cutting you get from lower-cost providers.
As a trusted provider, we work with organizations in critical industries and can help simplify, stabilize, and scale your operations, starting with a cybersecurity risk assessment.
Get Your Cybersecurity Assessment Pricing

Jeff became an invaluable member of the Mandry executive team in 2018, bringing expertise in both IT and corporate operations.