What is Cyber Security?
Cyber Security, or information security is the framework that is put in place to ensure that information is only used in the correct manner by authorized personnel and that appropriate levels of privacy are maintained. It may include policies to explain information usage, implementing technology and auditing or monitoring access or use of information both off and on-line. A Cyber Security program helps a company and its employees to know how to avoid an information breach and just as importantly, what to do and not to do should one occur.
Risk management is a method used to determine the reality of potential or existing risks and vulnerabilities and determining their potential impact on a company and their probability of occurring. It begins with a thorough risk assessment and includes recommendations on prioritizing solutions based upon how much of a threat each risk poses to the company.
It is vital for a company to understand the risks and vulnerabilities to which it is subject. The regulations with which a company must comply depend upon the size and type of company, with the most common being PCI for companies that accept credit cards, and HIPAA for those dealing with health information, or who are subcontractors to those dealing with health information. The development and maintenance of a CyberKnight Risk Management Program will allow a company to identify potential issues, determine their impact and define their level of risk and the resources that are needed to mitigate or minimize the risk to an acceptable level. Call us today to see how we can help you safeguard your company, which you have worked so hard to build.
Why a Cyber Security Program?
There are many reasons why a business should implement a program, including:
• Regulatory requirements such as Sarbanes-Oxley, PCI-DSS (For companies that accept credit cards), HIPAA (for companies in the health field)
• Customer requirements, including contractual requirements
• Reputational issues
• Avoid revenue loss due to an incident
• Enhanced data security as a selling point to potential clients.