HOW TO MANAGE CYBER RISK

In the current climate, the need for a clear understanding of the business risks as well as the tools and techniques available to deal with them is fundamental. The velocity of change and the magnitude of the problem is not always fully recognised by the whole business.

We recommend that businesses take a holistic approach to improve their cyber readiness. Businesses need to implement a strategy and rolling plan that follows lifecycle management processes to ensure all security aspects continue to run efficiently. Failure of IT procedures, systems and business processes can leave an organisation open to a cyber attack, resulting in a data breach, leading to financial loss, reputational damage and disruption of services.

HOW DO I PREPARE MY BUSINESS?

To be prepared, businesses need to understand the likelihood of an attack, what the attack might look like and how to maintain business continuity in the event of a breach. The financial and reputational implications of a breach can be significant, yet many businesses remain unprepared.
Whilst it is difficult to predict when the organisation is going to be attacked, the business needs to assume that it is always under attack. By preparing, the business is quicker to respond to a successful attack and will have a recovery plan in place so that there is minimal impact to the business.

HOW DO I PROTECT MY BUSINESS?

Once all assets and associated risks have been identified, assessed and prioritised; organisations must develop and implement an overarching strategy to safeguard the business. This encompasses aspects such as security policies and associated frameworks, technical and operational strategies and business continuity.

HOW DO I ASSURE MY BUSINESS?

It is important for any business to carry out a systematic evaluation of its security for its own peace of mind. To do this, it is essential to assess how well it measures against a set of recognised criteria. A cyber security audit can be carried out to review the organisation, its systems and processes to identify threats, vulnerabilities, and risks that the business faces. Following a review, findings will be recorded along with recommendations for improvement to mitigate future risk.

HOW DO I DETECT ATTACKS ON MY BUSINESS?

Organisations need to have confidence that on a day-to-day basis, their business is well protected. Detecting a breach as soon as it happens is key to minimising the impact of an attack and recovering in optimal time. However, attacks are becoming more difficult to detect with criminals continually adopting new techniques and even accessing a target’s IT system, then sitting in the background collating data and commercially sensitive information without the business knowing.

HOW DO I RESPOND TO A BREACH?

It is inevitable that most businesses will suffer a breach. Knowing this, any organisation should have plans and procedures in place to effectively respond to an incident and minimise the impact on the business, its employees and clients.

The most important aspects are restoring a business to normal service operation as quickly as possible and minimising the impact on the client base and the overall reputation of the organisation.

SUPPORTING CYBER SECURITY RISK MANAGEMENT

Cyber security risk management is a process of managing the risks associated with the use of technology. With any business heavily reliant on technology, implementing a strategy and rolling plan is an essential requirement. The strategy and plan help to identify, analyse, detect, control and communicate potential risks. It also ensures that organisations take appropriate action, using the most current techniques to protect the business.

At 2|SEC Consulting, our business advisory and technical assurance teams help clients to implement a strategy and plan to best support and protect their business. Our expertise and practical approach help clients to improve their defences and help business and IT divisions to support the key strategic decisions that benefit the entire organisation.

We offer an integrated and joined-up lifecycle approach to cyber security risk management, utilising our skills and tools to deliver a mix of complementary services, tailored to the client’s needs to protect the organisation. Our methodology will fundamentally reduce the associated risks to your organisation and its extended networks, simplify the process of cyber risk management and provide assurance to internal and external stakeholders.

Get in touch with us today to find out how we can help you with your Cyber Plan.

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