The risks associated with failing to adhere to cybersecurity regulations are significant. When corporations do not comply with cybersecurity regulations, they leave themselves vulnerable to cyberattacks. These attacks can result in the loss of data, financial damages and even the shutdown of the company.
To protect themselves from these risks, corporations should make sure that they are complying with all applicable cybersecurity regulations. Contrary to popular belief, corporate cyber security assessments are not one-time events; they must be repeated regularly to ensure that the company is safe from evolving threats.
Working with experts to develop and implement a plan that meets compliance regulations can help corporations understand their unique requirements and what actions need to be taken to achieve compliance.
Understanding Corporate Cybersecurity Assessments
When it comes to conducting a corporate cyber security assessment, there are a few key things that all businesses should be aware of. The first is that these assessments are not just about identifying vulnerabilities and implementing fixes; they also measure the overall cybersecurity posture of the company and help businesses understand their risk profile.
As such, it is important to work with an experienced provider not only to identify potential weaknesses but also for the recommended specific steps to improve the security posture of the business. Every company is unique and may have different risks that need to be addressed.
A good risk assessment will include a review of your company’s specific vulnerabilities, the creation of an incident response plan and the identification of any gaps that may need to be addressed.
Ultimately, the goal of a cybersecurity assessment is to help you protect your business from cyberattacks and data breaches. By working with an experienced provider, you can be sure that you are getting the most comprehensive and accurate assessment possible.
Benefits of Engaging in Proper Cybersecurity Hygiene
Cybersecurity hygiene helps protect corporations from costly cyberattacks. For example, in 2017, the WannaCry ransomware attack infected more than 230,000 computers in 150 countries. The attack caused over $4 billion in damage.
Fortunately, by following basic cybersecurity hygiene measures, corporations can reduce the risk of their networks being compromised by such attacks:
Protecting company and customer data
Cybersecurity is vitally important for both companies and their customers. By properly assessing and implementing cyber security measures, companies can protect their data as well as their customers’ information. This helps ensure that both the company and its customers are safe from cyber-attacks.
Preventing financial losses
One of the main benefits of conducting corporate cybersecurity assessments is that they can help prevent financial loss. By identifying and addressing any vulnerabilities in your company’s system, you can reduce the risk of a cyberattack that could lead to millions of dollars in losses.
Complying with regulations
In addition to preventing financial loss, corporate cyber security assessments can also help you meet compliance requirements. By working with an experienced cybersecurity firm, you can ensure that your organization is compliant with all relevant regulations and standards. This can help your business avoid potential fines and penalties associated with a breach.
Secure more contracts
By having a robust cybersecurity program in place, businesses can demonstrate to their clients that they take data security seriously and are committed to protecting their information. This can help businesses win more contracts and establish trust with their clients.
What an Effective Cybersecurity Plan Looks Like
An effective cyber security strategy should include a few key practices:
A vulnerability assessment is a process of identifying and quantifying vulnerabilities in systems and applications, including both network-based and endpoint issues. A vulnerability assessment can be used to identify what steps need to be taken to mitigate the identified weaknesses.
Penetration testing look for weaknesses that could be exploited by hackers, such as passwords that are easily guessed or vulnerabilities in software applications. They may also try to gain access to sensitive data or systems. This information allows the company to identify and fix vulnerabilities before they become more significant.
Proper Implementation of Technology
The importance of implementing technology such as firewalls and anti-virus software cannot be overemphasized when it comes to protecting your corporate data. By implementing such technology, you can help ensure that your data is protected from unauthorized access, theft, or destruction.
Without properly trained employees, your organization will be at increased risk for a data breach. Cybersecurity awareness training helps employees understand the importance of protecting company data, what unique risks they face in their position and how to detect potential threats.
There are many different types of employee training programs available; therefore, it is important to determine which one is right for your organization. Some programs focus on teaching employees about specific threats, while others are more general. It is also important to make sure that the program is updated regularly, as new threats continually emerge.
Stay Ahead of the Curve and Work With the Experts
Achieving compliance with corporate cyber security assessments can be difficult without the assistance of experts. At SeaGlass technology, we have years of experience helping organizations achieve and maintain compliance for their specific use cases.
We offer a range of services including cybersecurity assessments, penetration testing and training program development. Contact our team today at 212-886-0790 to learn more about how we can help your business create an agile cybersecurity defense system.