Cyber Essentials For Board Directors

The majority of Board Directors realise that Cyber-Threats now represent serious commercial damage and that Cyber Security needs to be regularly assessed, reviewed and reported.

When was the last time that review of your businesses cybersecurity was independently reviewed and what were the out-comes and have the IT security systems effectively functioned since and what new security issues have arisen?

Here are some important issues to discuss and understand.

How often does your organisation have an independent cyber audit security review? 
These reviews do not need to happen often but it is important to get a third party view similar to financial audits of the account department’s financial processes.
 

How much of your systems and data is in the Cloud and what is the security process and how is this reviewed and checked? 
Has your business acquired another company and has it had a compete IT review and how will it electronically interconnected with the existing business IT systems? There is certainly more than one way to measure an organisation’s security posture, but the idea is to present an objective review on an ongoing basis, with a periodic third-party security-assessments which, should be completed on a half yearly basis.

Reviews of the Current Security Attacks and Threats
It is very important to review the latest threat intelligence, and specifically, where the indicators suggest problems and issues in your industry and business areas as the IT department is often not so aware of your commercial areas of potential compromise. 

These areas and the potential threats should be explained to the Board on a regular basis and what steps have been taken to reduce the risks.

A good place to start to prove effective spending to the board would be to share where your team is seeing the most vulnerability or threat exposure. And in light of that exposure, what resources are being allocated to address it.

There are concerns about access by third parties to your network or cloud resources, and stronger access controls are required. In any event, the ROI on technical or human control improvements should be demonstrated.

Lastly, your board should be given information to understand how security investments are improving the company’s overall security posture. To address this need, it is imperative to track security posture metrics over time, enabling you to demonstrate the impact made by your budget prioritisation. 

For an economic independent Cyber Audit Review please contact Cyber Security Intelligence and we will recommend the best Cyber Audit dependent on your business size and areas of commerce and risk.

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