Digitalization and technological innovation have an undeniable impact on the way your business can be organized. For example, your business processes can be organized more efficiently and your employees can access company information at any time and from any location via mobile devices (laptop, tablet, cell phone, etc.).
Since digital data and technologies are valuable assets for your business, they are unfortunately also attractive targets for cybercriminals. Cybercrime has different faces (e.g. hacking, data leakage, fraud, DDOS, etc.) and the consequences are always far-reaching: financial loss, a dent in your image and increasing costs to restore your processes.
Any company can fall victim to cybercrime, regardless of its size or sector. But how can you, as a company, best arm yourself against the diverse and rapidly changing cyber risks?
- Do you have a full understanding of the cyber security risks to your business and are they adequately met by current security measures?
- What are the most important, unacceptable, security risks to your enterprise?
- What concrete security measures does your enterprise need to implement and, taking into account your priorities, objectives and budget, what is the best way to do so?
- Are you sufficiently prepared to deal with a cyber attack, should you become a victim sooner or later?
Cybersecurity: People, Technology and Procedures
Cybersecurity is about more than just technology. For example, your employees are one of the most vulnerable links and preferred targets for cybercriminals. Consider telecommuting, which has increased dramatically in recent years, where the cybercriminal’s arrows are aimed at the employee, whose security is often weaker in their home environment.
We can identify cyber risks within three broad domains: technology (e.g. software bugs), people (e.g. phishing or social engineering) and procedures (e.g. Cyber Incident Response procedure).
If aware and well informed, your employees can be a lever for cybersecurity. It is important to organise regular training sessions to keep your employees aware and informed about security risks, but also about their roles and responsibilities.
Policies and procedures
The organisation shall have a management system with the necessary policies and procedures in place covering data protection, access management, business continuity, disaster recovery, incident management, etc.
No tooling or technology in itself offers sufficient protection. Technology must be deployed in a targeted manner and properly integrated within the IT environment. Investments in technological tools must therefore always be considered together with people and processes.
Cybersecurity is inextricably linked to your company’s business objectives. A good understanding of the business objectives, critical processes and assets allow for the identification of security risks tailored to your business (“risk-based approach”).
Once the cybersecurity risks have been identified and assessed, you also gain visibility into the unacceptable risks and the potential opportunities.
The next step is to determine a road map with concrete elaborated, and prioritized, IT projects to bring cybersecurity to the necessary and desired (risk-based) level.
Finally, there is no “one-size-fits-all” solution. The risks and thus the necessary security measures should always be considered in the context of your business (size, complexity, objectives, …).
How can we help?
Our tools allow you to evaluate the technological controls within your organization.
- Network vulnerability assessments: evaluating and analyzing your computer network to identify potential vulnerabilities.
- Web application vulnerability assessments: identifying possible vulnerabilities in web applications.
- Penetration testing (ethical hacking): simulating a cyber attack to evaluate your security measures.
We support you by:
- Providing cybersecurity training to improve employee awareness. .
- Reviewing, improving and implementing policies and procedures (e.g. cyber incident response procedure, cybersecurity policy,…);
- Guidance on the establishment of an information security framework within your organization.
Complete our 2-minute self-assessment to get a quick scoring on the current Business Continuity Management (BCM) of your organization.
How to reduce the security risks while working from home or remote locations?
We explain how Internal Audit can seek the benefits of integrating innovative technology in their own way of working.