Cyber Risk Management is the next evolution in enterprise technology risk and security for organisations that increasingly rely on digital processes to run their business. Cyber risk management has become a business issue, not just a technology issue. Cyber Risk Management enables business executives and their organisations to understand the cyber risk profile of their digital operations from a business perspective.
All companies should develop and maintain clear and robust policies for safeguarding critical business data and sensitive information, in the form of De Morgan Cyber Security Planning, Protecting their reputation and discouraging inappropriate behaviour by employees. As with any other business document, cyber security policies should follow good design and governance practices, not so long that they become unusable, not so vague that they become meaningless, and reviewed on a regular basis to ensure that they stay pertinent as your business needs change.
As threats of data security breaches proliferate, it takes a cyber risk expert to pinpoint your vulnerabilities and help you develop an effective cyber strategy for your organisation. Most, if not all businesses know the importance of protecting themselves against cyber threats. If your organisation is breached the consequences can be serious, both reputationally and thanks to GDPR financially.
De Morgan Intelligence provides a Cybersecurity Audit and Review service which gives an in-depth evaluation of an organisation’s cyber security posture in detail with regard to its compliance with the required security objectives, policies, standards and processes. The service is designed for both public and private-sector organisations. The Cybersecurity Audit and Review service has the objective of assisting our clients to achieve their required compliance of standards, policies and processes by providing them with an independent comprehensive risk and compliance audit assessment.
All cyber systems are built using the physical hardware of the semiconductor chips found in all modern electronics, computers, communications networks and other critical infrastructure. These chips are becoming faster, cheaper and more powerful, and this has enabled the rise of artificial intelligence, the internet of things (IoT), and autonomous systems as key technologies of the future. Cybersecurity technological environment risk management has become a compliance requirement for those in the critical infrastructure industries. This is because for those in the critical infrastructure space, a cyber-attack can also pose physical threats.
De Morgan design Risk Management systems to withstand not just the best possible circumstances, but also the worst. As part of this system an organisations’ information cybersecurity protocol enforcement must be designed to withstand a breakdown in the usual flows of data and information. Recent research on cybersecurity illustrates that a great number of security breaches take place because of human error. That is why educating your employees and adopting security practices that alleviate the risks is essential to keeping your organisation safe.
Organisations are not training their workers for cybersecurity risks. Without ‘Cybersecurity Employee Preparation’ workers don’t know how to recognise a security threat they cannot be expected to avoid it, to report it or remove it. An organisation may have firewalls and security software, but it’s just not enough. As employees, not technology, are the most common entry points for phishers. Unless your organisations’ employees have participated in cybersecurity training programs, as humans employees are liable to make mistakes, be trusting of fake identities, tempted by clickbait, and vulnerable to tactics used by cyber criminals to gain access to company information.
Data Asset Monitoring is key to understanding the value of corporate assets and fundamental to cybersecurity risk management. Only when the true value is known can the correct level of security be applied. Most security and IT problems begin with visibility. Overseeing security aspects of the configuration of such resources is the practice of cybersecurity asset management. To address security issues, you must discover the gaps, and to do that you need a comprehensive and reliable inventory of your asset. Therefore, cybersecurity asset management involves:
- Obtaining and continually updating an accurate inventory of all IT resources.
- Discovering security gaps related to the asset’s presence or configuration.
- Enforcing security requirements to rapidly address the identified gaps.
The key to creating a safe computing environment is electing and following the appropriate ‘Cyber Risk-Based Monitoring’ assessment methodology. However, assessing risk and recognising the rate of return is a time-consuming task to accomplish. Thus, it often does not become a priority for many businesses and corporations. Determining risk can be a complicated task due to limited resources and a constantly changing threat landscape. Because of this, IT security experts must have a toolset to help them create a comprehensive view with regards to the potential impact of different IT security related threats and attacks. This toolset should be reliable, and cost-effective.