Cyber security is becoming a boardroom-level issue for most companies. CIO Magazine reported that upgrading security is among the top 5 priorities that CEOs have in the upcoming year. Especially for companies with sensitive data to secure, the risk of cyber-attack is a very real concern that needs attention.
There are ways that cyber security services offered by a third-party provider can help you avoid or at least mitigate a cyber-attack. Here are the top 6 things your CEO should know in advance:
- You can’t feasibly grow the level of expertise needed in-house. Cyber security services providers have a world-class level of expertise that they bring to bear on their customers’ operations. Most companies don’t have the budget for creating this level of staff and skills sets in-house. It’s much more cost-effective to outsource your cyber security needs to the experts.
- Prioritize your security needs. Budgets are finite, so security measures need to fit inside your budget. A cyber security services provider works within your cost parameters to help you prioritize your needs and gain the highest level of security possible while staying in budget.
- Don’t skimp on due diligence. You need to do whatever you can to protect your data. This includes spending money and time to secure your organization from attack. But the reality is that you can’t fully protect your company no matter how much money you spend. If you’ve performed enough due diligence and still get infiltrated, you’re more likely to not lose the lawsuits that come.
- Cyber security should be part of every project. Your company has projects that need to be evaluated for their cyber security risk. All projects should have a built-in management process that assesses the cyber security risk before implementation. Consider cyber security as a key element in risk management for your company.
- Perform comprehensive risk assessments. If you never test for vulnerabilities, you’re more open to a cyber-attack. A cyber risk assessment is a detailed test of your internal and external systems to pinpoint weaknesses that could be exploited by attackers.
- If you don’t have a CSO, outsource one. With the rise of data breaches and attacks against companies big and small, you can’t afford to be without a CSO. If your organization isn’t large enough to afford one, a cyber security services provider can fill that role for you and stay within your budgetary constraints while maintaining a top level of security.
Security and cybercrime are important issues that need immediate attention. Some CEOs put cyber security on the back burner in the face of other initiatives, but when you fail to act now, you’ll end up reacting when a breach occurs. By that time, it may be too late and you’ve lost thousands or millions of dollars and may have compromised future customers and revenues. In fact, 60% of companies close their doors permanently just 6 months after a cyber-attack.
With TBConsulting’s Cyber-and-Data-Security-Breach-as-a-Service solution, you’ll be infinitely more secure so that when the day comes and an attack occurs, you’ll be ready for action, instead of back-pedaling to try to stay on your feet. The difference comes down to planning and preparedness, and a cyber security risk assessment is the first step in devising a strategic plan to address security management.
TBConsulting recently released an important e-Book, How to Assess Cyber Security Risks & Ensure Compliance, that you can download here. This comprehensive resource covers risk assessment and cloud security facing many businesses today. Or contact one of our experts to discuss how we can help you with your security needs.