Effective risk management for any business now necessarily involves cyber security concerns. Technology has been integrated into every industry and introduced new vulnerabilities that need to be addressed. For many organisations, security design has been reactive – implemented only after a network has been breached or business continuity interrupted. Often, the only way to ensure that security controls are proactive is with regular cyber security threat assessments.
The benefits of regular threat assessments
The purpose of a cybersecurity threat assessment is to identify potential vulnerabilities and the areas of critical risk. Awareness if the first key step when it comes to protecting a business against cybersecurity threats. These threats are often highly individual to the industry in which you operate and could go unnoticed without a proper discovery process.
Another key purpose of regular threat assessment is to discover which assets are the most critical to your organisation. The process necessarily involves identifying all the assets that your business has (e.g. hardware or apps). Applying a sliding scale of importance to these will show you which assets are likely to cause the most issues if they are affected by a cybersecurity event.
Mapping threats to assets and vulnerabilities
With an awareness of the potential cybersecurity threats to your business – and the importance of each asset you have - you can begin to map how these threats could affect your business to give you an in-depth overall perspective.
Identify the actions required to close urgent security gaps
Sometimes, a threat assessment may highlight a serious problem with security that means a business is currently incredibly vulnerable. These gaps can go unnoticed for lengthy periods of time, leaving a company exposed without knowledge of that exposure. With the insight provided by regular threat assessment that just isn’t going to happen.
Designing solutions to potential problems before they arise
Proactively designing security controls following a threat assessment review will give your organisation a much more effective cybersecurity foundation. You will be able to put in place solutions that help to reduce the impact of a cybersecurity event or help to avoid it in the first place.
Comprehensive disaster recovery planning
One of the major stumbling blocks for any business in a disaster situation is a lack of timely action. The faster the response time to a cyber security event, the easier it is to minimise its impact. The results of a threat assessment can provide a basis for clear disaster recovery planning.
Accuracy and consistency
Regular cyber security threat assessment will give you a snapshot of the business at key points in the calendar. This can be fed into strategy and planning to ensure that crucial decisions, such as resource distribution and IT expansion, can be made on the basis of accurate and consistent information.
Contact us to find out more about the advantages of carrying out regular cybersecurity risk assessments and what the opportunities are for your business in doing so.