CustomizedCyber Risk Services
As our businesses become more interconnected through technology, cybersecurity has become a top concern for enterprises. Since we have become more dependent on data, the more safety and security of the data becomes essential.
Our cyber risk services brings the cyber threats into focus.
A good cyber risk management program should establish clear communications and situational awareness about the cyber risks facing your organization and industry. While it will not make your organization attack proof, it will afford you the time to manage the situation at hand instead of figuring out the response systems.
We deploy a three-part process. Starting with the discovery process, we take a deep dive to:
- Evaluate relevant threats to your organization
- Assess internal and external vulnerabilities
- Estimate the impact of the exploitation of those vulnerabilities
- Determine the likelihood of exploitation
- Develop a blueprint for action
Based on the outcome of the evaluation, working with you and your team, we develop a nimble response plan addressing the outcomes and giving you a roadmap forward to manage a breach.
We do this by:
- Reviewing existing documents such as account credentials, policies, third-party services/vendors, network configuration, remote access
- Analyzing and review the inventory of the physical infrastructure
- Reviewing IoT devices in use
- Reviewing the physical security
- Evaluate data recovery systems
- Evaluate domain, website, email access
- Review identify theft/credit monitoring
After the discovery process, you will have a complete picture of your cyber risk. We move then to the response part where we will develop a cyber incident response plan since it isn’t if you will be attacked, it is when so it is ideal to have the cyber incident response plan ready.
The cyber incident response plan outlines:
- Relevant threats to your organizations
- Appropriate legal and compliance action
- Defines the cyber incidents
- Incident response procedure
- Response to an incident
- Definition of incident categories
- Rate system criticality
An organization can have the best technology solutions to protect data and systems from a cybercrime; however, humans are the weakest link in the chain.
Staff understanding of cyber risk and cybersecurity is essential. That is done through on-going learning opportunities, which will not only benefit the company but the employees in their personal lives.
Training is customized based on the size and needs of the company.
Cyber Incident Response Team
Cyber incidents happen. And when they do, we can help you with our Cyber Incident Response Team.
We work with you to respond, resolve, and learn from the situation.
Our team will get you back, working quickly by using industry standards regarding identification, containment, eradication, recovery, and lessons learned.
What is cyber risk?
Cyber risk is any danger of financial loss, disruption, or damage to the organization from information technology systems failure. It is a comprehensive view of the potential exposure to internal security flaws in the context of external threats. Cyber risk management develops collaboration with siloed stakeholders allowing for a better understanding of risks and responds to threats.
What's the difference between cyber risk and cybersecurity?
Cybersecurity and cyber risk are not interchangeable and have different functions. They work in conjunction with each other.
Why should I worry about cybercrime?
It is not just the financial services firms and defense organizations; all types and sizes of organizations are at risk. Any organization which collects and stores information on customers electronically or keeps its accounts in a cloud has a cyber threat. Organizations must remain secure, vigilant, and resilient to both minimize risk and optimize new opportunities.
What is cybersecurity?
Cybersecurity is the method of securing computers and servers, mobile devices, electronic systems, networks, and data from malicious attacks. It is also known as information technology security or electronic information security. The term is broad-ranging and applies to everything from computer security to disaster recovery, and end-user education.
What is the ROI on cyber risk and cyber security?
Cyber risk and cybersecurity should be part of running a business such as insurance or accounting. Lack of attention to cyber risk and cybersecurity will cost you. How you much can you lose and keep your business operations? According to a recent study by a leading global business insurance company, the average cost of a cybercrime costs:
$14K - Small Business (1-49 employees)
$184K - Medium Business (50-299 employees)
$715K - Large Business (300-999 employees)
$551K - Enterprise (1,000+ employees)