Digital Risk Assessment for Electrical Equipment Company
Electrical Equipment Compant (EECO)
Overview
Faced with increasing operational complexities and the challenges of a decentralized IT procurement model, EECO’s high-level committee commissioned a critical strategic effort. EECO engaged Atlantic BT to execute a comprehensive Digital Risk Assessment with the specific goal of finding digital risk improvement areas, providing recommendations for improvement and enhancing safety around various domains. The multi-phase engagement immediately launched into Initial Stakeholder Discovery, followed by intensive System Deep Dives into critical platforms, ensuring the resulting Digital Risk Report delivered a holistic evaluation of threats across Operational, Compliance, Financial, and Strategic domains.
Project Type
Digital Risk Assessment
Technology
N/A
Industry
B2B
Company Overview
Electrical Equipment Company (EECO), founded in 1926, is a comprehensive provider of products and services for manufacturing plants, machine builders, and construction teams. Their extensive offerings include a wide range of electrical and industrial supplies and delivers essential industrial solutions and services. EECO operates across 11 locations in Virginia, North Carolina, and South Carolina, and is notably recognized as the largest Rockwell Automation distributor in Virginia and the largest Eaton industrial distributor in the Carolinas.
The Ask
EECO engaged Atlantic BT to execute a comprehensive Digital Risk Assessment that had been initiated by a high-level committee. This mandate signaled a strategic focus on modernizing the organization’s security posture. The initial phase was explicitly designed for high-level stakeholder discovery, aiming to establish a foundational understanding of the operational environment and identify potential areas of digital exposure. A key organizational driver for this assessment was the leadership’s strategic goal of enhancing digital risk maturity, implementing actionable improvements, and reducing operational, financial and strategic risks.
Our Digital Risk Assessment Process
Initial Discovery
The initial Discovery phase is critical for establishing a comprehensive understanding of the business landscape and planning the subsequent strategy. This process begins with Stakeholder Interviews and Analysis to grasp the core business model, company structure, and existing systems, which directly informs the planning for the remainder of the discovery effort. A key early artifact is the Business Model Canvas, used to visually map and articulate the company’s value proposition, customer segments, and infrastructure. Concurrently, a Systems Survey is executed to gain a comprehensive catalog of all technologies utilized across the organization. This high-level survey is then deepened through targeted Department Interviews, where teams document the frequency of use for each system and assess its overall trustworthiness and reliability, providing essential qualitative data to prioritize subsequent analysis and technical strategy.
System Deep Dive
The second stage of discovery centered on intensive Contextual Inquiries and System Deep Dives into critical platforms to assess operational processes and digital risk. This required close collaboration with system administrators for detailed walk-throughs, documenting the specific tasks performed, the sensitive data being stored (e.g., client information, financial metrics), and the granular permission levels established within each system. The comprehensive documentation of these system architectures and usage patterns directly fed into the creation of a formal Digital Risk Report (DRR) for each platform, formally cataloging vulnerabilities related to data governance and access control.
Digital Risk Report
The final result was a report outlining the findings of the deep dives; Critical, recommended and low priority risk items and how to mitigate them as well as the next steps stakeholders should take to be more secure. The assessment employed a comprehensive approach to digital risk, extending beyond traditional cybersecurity to evaluate threats and vulnerabilities across multiple interconnected domains. These categories include Operational, Compliance & Legal, Reputational, Financial, and Strategic risks.
Ongoing Support
Our continued engagement with EECO involves additional digital risk deep dives and recommendations to improve risk management. Additionally, EECO has partnered with us on other projects including AI automation enhancements and a costing application. We look forward to a long partnership with EECO.
Example System Assessment
Example Business Model Canvas
