“Without independent auditing and testing, it’s impossible to know where your company’s vulnerabilities are.”
Why are Business Security Assessments so important? We hear it all the time from small and mid-sized business owners: They know they should be doing more to protect their network environment, company data, and their customer’s privacy… but they just don’t know exactly what to do to be better. We understand their frustration. They’ve installed recommended firewall and anti-virus software. They’ve implemented an appropriate password policy. They even try to avoid phishing attacks and other common scams of modern hackers. But it’s just not enough. That’s right, even as businesses get smarter about protecting their data and their customer’s privacy, cyber criminals continue to find new ways to get in. Even with sophisticated security systems, businesses are still vulnerable to attack. And that’s why every organization needs frequent Business Security Assessments in order to identify their security vulnerabilities and correct them.
Cyber attacks against smaller to midsized companies have been on a constant rise over the last several years. Cyber criminals view smaller businesses as soft, easy targets versus larger enterprise companies. To make matters worse, many business owners believe they’re too small or insignificant to be targeted because they think they don’t have as much to protect. The truth is, small businesses have plenty of valuable information that’s very attractive to hackers:
- Proprietary Company Information
- Customer Data
- Vendor Materials
- Billing / Payment Information
- And much more…
It’s important to understand that hackers and other cyber criminals don’t often specifically target a company… at least initially – they use opportunistic methodologies to gain access instead. Hackers can scan multiple blocks of public IP addresses for vulnerabilities and then exploit vulnerable systems as they find them. They send out massive amounts of Email embedded with malware and remote control tools hoping some unsuspecting user will open it. The list goes on and on as there are far too many methods of attack to comprehensively list here. The fact remains, small and midsized businesses are easy targets for criminals.
And there’s more bad news… 60% of small business will go out of business six months after a data breach or cyber-attack occurs. One of the reasons this happens is there are many “hidden” costs not immediately considered in the financial loss including compliance and other legal ramifications, brand and reputational damage, decreased confidence in the victimized company’s ability to competently deliver its offering, and even increased costs associated with debt financing. In addition, a single data breach can cost a small business 20% or more of its customer base which is enough for many businesses to be forced to shut their doors permanently.
True cyber security goes well beyond implementing firewalls and anti-virus programs, as it can only be achieved by implementing and enforcing a proactive multi-layered security methodology that ensures durable business continuity. And that’s exactly why you need regular security assessments to improve your cyber security posture and reduce your risk of attack. An independent business security assessment is an excellent way for businesses to gain insight into exactly what their vulnerabilities are and how to properly address them.
Here’s what you can expect from us during your
Business Security Assessment…
There are three key phases to a Business Security Assessment, each has its own purpose:
BSA Phase 1
In the first phase, our primary focus is dedicated to learning your business goals, processes, and procedures, along with surveying your existing environment to better understand the types of software and devices your business uses as well as their day-to-day usage by employees. This phase also involves analyzing and assessing your current system for security vulnerabilities and other weaknesses that could lead to system failures or other problems that negatively affect your business’s ability to function effectively and efficiently.
BSA Phase 2
In this second phase, security vulnerabilities and other weaknesses discovered during the assessment are prioritized, and reviewed with you along with our recommendations on how to correct the issues that were found. An action plan is then created specifying the critical and high priority items that will be corrected immediately and by whom. The remaining items will be prioritized into a phased action plan that will define and prioritize the work to be done along with any deliverables and target dates for their completion.
BSA Phase 3
In the third and final phase of a Business Security Assessment, the system is re-evaluated to confirm that all of the critical and high priority items previously identified were properly corrected. In addition, the phased action plan is reviewed and its progress updated to ensure that the timeline remains on track. The Business Security Assessment is considered to be complete once all of the items on the action plans have been successfully performed. Future Business Security Assessments should be performed quarterly or at the very least bi-annually to ensure proper security and business continuity.