What is Cyber Security?
When you hear Cyber Security, you instantly know it has something to do with protection. Cyber Security is used for protecting Networks, Programs, Systems from any sort of digital attacks which we call them cyber attacks. Cyber Attacks are used for destroying controlling and changing all of your sensitive information or used to interrupt business processes and Black Mailing for money.
Everyone needs to be aware of Cybercrime.
It’s nothing new, but it is becoming more common and more sophisticated. The stakes are also getting higher as we become more reliant on technology for our personal and professional lives.
You know the statistics and we’re not here to scare you. We just want you to be ready.
Are you Prepared?
It’s not only yourselves and cybercriminals who are interested in the security of your network. Your setup could affect:
- Your vendors
- Your customers
- Your insurance
Your company’s goal should be to protect itself, its partners and its employees to the maximum extent possible against security threats that could jeopardize its integrity, privacy, reputation and business outcomes.
While you can never fully eliminate the threat, with some smart planning you can make yourself a difficult target. Doing so will drastically reduce your risk of being the victim of a cyber-attack.
Here’s our 5-step plan for protection
Identify risks and potential points of weakness in your setup7
This step includes setting up a documented information security policy for each of:
- Assets, Annual Review, Access Control, Email, Internet, Antivirus, Remote Access, Firm & Public Wifi, Outsourcing, and Data Destruction
Implement the protection of your network and information
This is the part where the company plans a cybersecurity risk management program for its users:
- Employee training and written guidance, documented incidence response plan, clearly segregated access to data
By implementing a number of procedures and controls, cybersecurity risks to the Firm will be significantly reduced.
Understand the risks associated with third parties
We would work with you to:
- Do a thorough assessment of third parties cybersecurity
- Setup network segregation of third-party access/content
- Control third-party network access
Create a disaster recovery/ business continuity plan
The business continuity plan is designed to help enable you to meet your existing obligations to clients and counterparties in the event of an emergency or significant business disruption. This would include:
- A continuity and recovery plan
- Communication with employees & investors in the event of a disruption
- Safety procedures and top-down communication chains
- Redundancy of mission-critical systems
- Back-up trading and operations site
Set up an incident response plan
Some things to consider in this plan:
- Managing the preparation/ discovery/ detection phase
- Event acknowledgment & initiation process
- Deployment of personnel
- Resolution process
- Security event reporting procedure