The importance for organizations to protect their information has grown exponentially due to recent technological advances. Aided by the escalation in data threats and their resulting casualties, there is certainly a demand for concrete reassurance concerning the security of data. The Cyber Security Assessment provides an independent and in-depth review of your ability to protect information assets against relevant threats.
This assessment includes:
- Defining your present “as is’” information security posture
- Evaluating the maturity level of your current information security controls
- Reviewing the compliance requirements of your company
- Presenting recommendations to improve the maturity level of your organization’s Cybersecurity
Throughout the Cyber Security Assessment, our team evaluates the maturity of present information security capabilities, identifies vulnerable areas, and provides recommendations on prioritizing areas for remediation. Our assessment goes beyond technical focus. We take a rounded view, process and technology while providing an understanding of overall risk posture.
The goal of a security assessment (also known as a security audit, security review, or network assessment), is to ensure that necessary security controls are integrated into the design and implementation of a project. A properly completed security assessment should provide documentation outlining any security gaps between a project design and approved corporate security policies. Management can address security gaps in three ways: Management can decide to cancel the project, allocate the necessary resources to correct the security gaps, or accept the risk based on an informed risk / reward analysis.
3 principles of information security
You can transform your business to a revenue-producing asset that lets you work as much or as little as you want.
All security assessment report will include
- Introduction/background information
- Executive and Management summary
- Assessment scope and objectives
- Assumptions and limitations
- Methods and assessment tools used
- Current environment or system description with network diagrams, if any
- Security requirements
- Summary of findings and recommendations
- The general control review result
- The vulnerability test results
- Risk assessment results including identified assets, threats, vulnerabilities, impact and likelihood assessment, and the risk results analysis
- Recommended safeguards
Why is Security Important
Security assessments are periodic exercises that test your organization’s security preparedness. They include checks for vulnerabilities in your IT systems and business processes, as well as recommending steps to lower the risk of future attacks. Security assessments are also useful for keeping your systems and policies up to date.
You can conduct security assessments internally with help from your IT team, or through a third-party assessor. Third-party security assessments, though more costly, are useful if an internal preliminary assessment reveals grave security gaps, or if you don’t have a dedicated team of IT professionals with expertise in this area.
If you believe that small businesses are immune from cyberattacks, or that hackers only target big companies, you’re putting yourself at risk.
Here’s what happened to a fast-growing startup when a hacker spotted a vulnerability in a single employee:
Carl and Alex Woerndle founded Distribute.IT in 2002. The firm offered cloud-based web server hosting, SSL certificate distribution, and SMS services. By 2011, it controlled 10 percent of the market for Australian domain names and hosted over 30,000 clients.
In June 2011, a hacker bypassed Distribute.IT’s security protocol, got behind its firewall, and gained access to master data. The hacker targeted web servers, backup systems, and the primary trading and hosting systems.
Though the infiltration lasted just half an hour, it wiped out the files and websites of more than 4,800 client accounts. The attack cost the company millions of dollars, but more importantly, Distribute.IT lost its clients’ trust and brand equity.
Consequently, the business had to shut down its operations the same year.
Many small businesses do not conduct security assessments, either because they believe it to be costly, or because they are not familiar with the process for carrying an assessment out.
To minimize costs, businesses can conduct security assessments internally using in-house resources. Even then, bringing in a third party specialist to assess your security posture on a less frequent basis is still a good practice. This will not only enable you to capture gaps that you missed, it will also help you stay compliant with regulations such as HIPAA and PCI DSS that require third-party assessments.
The following methodology outline is put forward as the effective means in conducting security assessment.
Requirement Study and Situation Analysis
Security policy creation and update
Report & Briefing
- Profeaaional Services
- Restrurants / Hospitality
- Finacial Services