Enterprises today are critically dependent on IT to conduct business operations. This dependence, coupled with increasing sector interconnectedness and rapidly evolving cyber threats, reinforces the need for engagement by the board of directors and senior management, including understanding the Cybersecurity risk; routinely discussing cybersecurity issues in meetings; monitoring and maintaining sufficient awareness of threats and vulnerabilities; establishing and maintaining a dynamic control environment; managing connections to third parties and developing and testing business continuity and disaster recovery plans that incorporate cyber incident scenarios.
Cybersecurity assessment means, you are literally performing an assessment of the cyber risks facing your organization. Risk assessments are used to identify, estimate, and prioritize risk to organizational operations (i.e., mission, functions, image and reputation), organizational assets, individuals, other organizations resulting from the use of information systems.
The need for organizations to protect their information has grown exponentially due to recent technological advances. With the increase in data threats and their resulting casualties, there is a demand for tangible reassurance about the security of data. Cyber Security Assessment provides an independent and in-depth review of your system to protect information assets against relevant threats.
Reason to perform a cyber risk assessment:
- Reduce long-term costs
- Provide a template for future assessments
- Provide organizations with greater self-awareness
- Avoid breaches and other security incidents
- Improve communication
3 Types of Cybersecurity Assessments can be conducted:
- Cybersecurity audits: To evaluate and demonstrate compliance with some narrow, specific regulatory requirement.
- Vulnerability assessments: Evaluation of an organization’s hardware, software, and procedures against a list of known vulnerabilities and best practices as set by the manufacturer.
- Penetration testing: is a special kind of vulnerability assessment that involves active assessment as opposed to passive inventories.
These Assessments help our clients answer the questions below:
- How effective is your security?
- Have you been breached and, if so, what assets were compromised?
- Who is attacking you and what are they after?
- What are the security risks associated with an impending merger or acquisition?
- What programs and procedures can you implement to prevent future attacks?
The benefits to the organization for employing the data security assessment include the following:
- Defining risk management strategies
- Thorough assessment of the organization’s cybersecurity preparedness
- Clearly identifying and determining the organizations overall cyber risk
- Aligning the organizations cybersecurity position with its risks
- Having a defined project plan and process for reaching and demonstrating compliance
- Formally stating the risk management practices that are missing along with specific actions to take