Cyber Risk Assessments and Audit FAQs
There are five main guides in the audit. First is ensuring your processes and procedures align with industry and international standards ISO 27001:2013, PCI DSS and NIST where applicable. Secondly we collect data from what is currently implemented and draw analytics to understand holistic risk. We also benchmark existing processes and procedures against others in your industry. We use this information to focus the company’s strategic cyber priorities with business objectives, and identify the cyber maturity of the business and where it needs to improve to move forward. Finally, we transform these key areas so that the company can remain proactive in the face of threats.
You should choose Gridware for the ability to deliver, knowledge of the industry, a risk-based approach and for the balance of cost. You should ensure anyone you select can deliver the above, as well hold the technical specifications required for the role such as ISO 27001, CISSP and Certificates in Governance and Risk.
The cost of cyber crime will always far surpass the cost of effective security and insight. The cost of an effective cyber security audit can vary depending on the size of the business and the risk exposure present. A brief audit that only looks as specific areas, can range from 1 day to 5 days of consulting. Larger organisations may require a detailed review of proactive and reactive controls against regulatory/industry standards and may take anywhere between 10-25 days of consulting.
Insight is invaluable when it comes to cyber security. You need to be aware of gaps, risks and what you are doing right as well as what might be improved. An audit is a useful tool on many levels in that senior management will have a high-level oversight into cyber issues and what is required to address them. Effective security will always have a component of company culture and good practice is best influenced by senior management. This is referred to as a top down approach.
Not to be confused with penetration testing, a cyber security assessment is a governance tool used to provide advice on business processes and procedures based upon on your company’s level of cyber maturity. We focus on three key areas, ‘protect’, ‘detect’ and ‘monitor’ and ensure that the systems you have in place are functioning as they should and that areas for improvement are identified. We also create or review key information security policies and training so the business has a clear vision for their future security exposure and risk appetite. Let us provide you with a presentation on cyber security audits, either at your head quarters, or at our offices. Get in touch today.