Cyber strategies should focus on moving your security posture from reactive to proactive. Instead of waiting for a threat to happen, a cyber strategy should detail how a company plans to prevent one from happening. If your business doesn’t have a documented strategy, it lacks the ability to recognize a potential threat and prevent it from compromising your network.
What your cyber strategy looks like depends on your business. There’s no template to download that can meet the unique requirements of your organization. Because every business is different, every strategy should reflect that difference.
Braden Business Systems collaborates with clients to understand compliance requirements, identify threats, and evaluate supply chain or third-party risks. Our team of specialists will help you prepare a document that outlines your strategy and includes a response plan in case of a compromise.
Do You Qualify for Cyber Insurance?
A recent survey by the World Economic Forum found that 71% of organizations had some type of cyber insurance; however, the premiums have increased 180% between 2020 and 2021. Some carriers will reduce premiums if security measures such as the following are in place:
- Implement multi-factor authentication
- Create and test an incident response plan
- Explicit disable remote access ports
- Ensure backups are encrypted and air-gapped
- Develop a process for removal of outdated hardware and software
- Deploy advanced endpoint detection and response solutions
- Enable system-wide logging
- Conduct employee training
- Maintain a patch management procedure
- Use a password manager
- Implement least-privilege
Braden can help clients implement a cyber strategy that can reduce insurance premiums and expedite the renewal process.
Cyber Strategy and Roadmaps
Without a cyber strategy and roadmap, you don’t know how strong your security posture is or what needs to be done to strengthen it. Technology and cybercriminals change in unpredictable ways. Unless you know what the landscape is, it’s impossible to proactively protect against potential threats.
A cyber strategy can also help smooth out expenditures over a three-to-five period. By prioritizing the measures to implement, you can decide what protections to put in place based on budgetary constraints. Braden’s specialists help clients identify the critical path changes that are needed to minimize risk while respecting financial constraints.
Creating a roadmap makes it easier to share the step-by-step implementation of your cyber strategy. It is a clear picture of where the company stands on its cybersecurity journey and how it plans to respond should an attack occur. Although developing a strategy takes time, it saves resources when a potential threat does happen because employees know what to do.
Maintaining a backup of your system was the security measure to have in place to mitigate risk. Today’s threats require a different form of protection. Companies need a cyber recovery process that isolates critical data, applications, and infrastructure from potential cyberattacks.
Ransomware not only locks you out of your production system, but it also disables all backups stored on the network. The only way to protect vital data is to isolate it from the network. Whether it is storing it on a stand-alone system or at an offsite location, cyber recovery is the recommended method in today’s environment.
Braden’s data recovery teams help businesses implement cyber recovery measures to mitigate the risk associated with ransomware attacks.
Do You Need a vCIO?
Virtual Chief Information Officers are third parties that function as an organization’s virtual chief information officer, or vCIO. The vCIO helps set strategic IT goals, determine budget requirements, analyze processes, and facilitate technology changes. Braden’s vCIO services provide clients with a roadmap to guide their technology decisions. You’ll meet regularly with your vCIO to make sure that your strategy is on track with your business goals, and adjust your plans as regulations change and issues develop.
Companies with existing IT departments may use a vCIO to help drive innovation and technology changes. They may use vCIOs in an advisory role to help define long-term technology needs and strategies. vCIOs serve a leadership role in shaping a company’s IT capabilities.
Small- to mid-sized businesses (SMBs) may use vCIOs to help direct security strategies and identify technologies to secure business operations.
Contact Braden for Cyber Strategy Services
As technology becomes more complex, businesses need individuals who can provide the strategic direction to ensure their growth. Contact Braden to see how our cyber strategy services can help.