by Thomas Moore
In our last post, we broke down how Cyber-as-a-Service (CaaS) provides an “easy button” to jump-start a cybersecurity program. We established that leadership is the primary component and explained the positive difference a virtual Chief Information Security Officer (vCISO) can make in an organization’s cybersecurity posture.
Once the decision is made to leverage CaaS and engage a vCISO, the next step is to understand where your business currently stands from a security perspective. This encompasses a real-time diagnostic of hardware/software assets and network resources. A thorough evaluation will yield important information about the company’s ability to guard against and recover from a security breach.
Here’s a snapshot:
While the elements will vary based on the business, mission-critical assets must be cataloged to build a cyber program that matches your exact needs. Typically, these components include:
- Intellectual property
- Personal Identifiable Information (PII) datasets for employees and customers
- Confidential financial data and projections
In what essentially amounts to a cost-benefit analysis, it’s important to prioritize the most valuable assets, what is at most risk, and investing accordingly.
Assets should be ranked and assigned a numerical score, typically one through ten, from most to least vulnerable. After the tally, appropriate resources can be deployed as needed. This will help focus efforts where needed the most to control costs.
Cyberattacks are an “if not when” scenario. It boils down to threat tolerance, response and mitigation. Can your business experience extended downtime without incurring steep losses to both your customers and profitability? The answer will dictate how much needs to be invested to maintain operations. Exorbitant spending in the wrong areas is a mistake made by many organizations.
Before making any investments, understand how well your existing controls align with your risk and vulnerability assessment. “Penetration Testing” and “Threat Hunting” exercises conducted by an experienced team should drive this process. This will pinpoint where you’re susceptible so gaps can be closed.
This fact-finding mission will serve as the baseline for a strategic approach to cybersecurity. Concentrating resources and investment to where they will have the most benefit is a far better decision than to throw money and technology at a problem. If this exercise is conducted properly, the results will speak for themselves:
- Uniform implementation of cyber initiatives across the organization
- Dramatically improved cyber resiliency
- Maximized investments in personnel and technology
While this seems like a lot to digest, you don’t have to go it alone. LEO’s experienced team can manage the entire cyber program from implementation to day-to-day management in virtually real-time. Let us show you how we can simplify the entire process so you can reap the benefits without any of the stress.