Risk Assessment
Cyber Security Risk Assessments: Protecting Your Business
In life, there are certain risks worth taking—playing sports with friends, asking someone out on a date, or trying new foods. However, when it comes to your business, taking unnecessary risks is not an option. Your livelihood and reputation are at stake.
Why Cyber Security Risk Assessments Matter
In our digital age, businesses face an ever-growing number of cyber threats. From data breaches to ransomware attacks, the consequences of a cyber attack can be devastating. That's why it's crucial to conduct regular cyber security risk assessments. These assessments help identify vulnerabilities, evaluate potential threats, and implement measures to protect your business.
How Can These Hurt Your Business?
Ransomware
Ransomware is devastating for a business with most never fully recovering. Ransomware involves hackers compromising your systems, encrypting your critical files, and demanding money to decrypt them. Even if you, or your insurance, pays, chances aren't great on getting your files back. Often, the hackers exfiltrate your files and blackmail you for more money to not release them.
Compromised Email Accounts
This attack is so common that even scammers, instead of hackers, will do it to get money from you or your customers. They trick someone into giving over their credentials and use their legitimate email to redirect payments and salaries.
Loss of Customer Trust and Reputation
The most important asset to a business is their reputation. It doesn't show up on an any balance sheet or report, but it's hard to do business if customers and vendors don't trust you. Hackers sending out emails from your servers and your sensitive files showing up on the Internet is bad for business.
Production Disruption
A cyber attack doesn't just affect your technology; it disrupts the entire production process that depends on it. When systems go down, employees are unable to work, production halts, invoices remain unsent, and payroll processing is delayed. This cascade of disruptions can add headache to an already painful situation.
Increased Insurance Costs
When a business experiences a cyber incident, insurance companies increase premiums across the board to mitigate their own financial risks. Insurance providers are a business and want to make a profit. Many insurance providers are increasing premiums or even refusing to cover businesses that don't have minimum requirements and safeguards in place.
Internal Threats
Surprisingly, most successful attacks are not the result of sophisticated hacking, but simple mistakes made by employees. Whether it's an unintentional click on a malicious link in an email or an angry staff member with a grudge, the outcome is the same: a breach in security. Regardless of the cause, the impact can be devastating.
How does a Risk Assessment protect your business?
When you engage Internetek to perform a Cyber Security Risk Assessment (CSRA), you're investing in a comprehensive, deep-dive into your technology infrastructure. Our thorough approach ensures that we uncover more about your systems than you might even be aware of, and we provide you with detailed insights. Our goal is to identify and understand the cyber security risks that could impact your business and offer clear, actionable steps to mitigate those risks.
Unlike many cyber security companies that rely solely on automated software to generate reports, Internetek takes a hands-on approach. We delve into every aspect of your technology, from on-premises systems to cloud environments, and from technical setups to business processes. We then translate our findings into understandable and practical recommendations.
What is a CSRA?
A CSRA is a thorough evaluation of your organization's technology and processes to identify potential security vulnerabilities. It involves:
- Discovery: Using advanced tools and in-person assessments to uncover potential risks.
- Reporting: Compiling a detailed report that outlines our findings.
- Explanation: Providing a clear explanation of the identified risks and their potential impact.
- Next Steps: Offering practical and actionable steps to address and mitigate the identified risks.
By choosing Internetek for your CSRA, you ensure that your business is equipped with the knowledge and strategies needed to protect against cyber threats.
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