Over the last few years, cyber crimes have been at the forefront of every business owner’s mind. With a predicted damage cost of $10.5 trillion in just three years (Cybersecurity Ventures), there isn’t a sector, industry, or company that shouldn’t be concerned with the risks of cyberattacks.
That’s why conducting a cyber risk assessment periodically is so crucial. This post will cover the importance of a cyber risk assessment and how services like JT Cyber Assessment can help you stay a step ahead of cybercrime.
What is a cyber risk assessment?
A cyber risk assessment is a test or series of tests conducted on your current cybersecurity policies, procedures, and controls. This evaluation aims to spot vulnerabilities in your security posture before a malicious party does so you can bolster your controls.
Although you can (and should) conduct an internal cyber risk assessment, it’s recommended that you seek an outside service to test your policies as well. This way, you get the maximum amount of protection and don’t miss potential blind spots.
How secure is your business, and how can JT Cyber Assessment help?
The growing risk of cybercrimes over the last several years led JT to develop JT Cyber Assessment. It’s a state-of-the-art assessment service that can boost your cybersecurity policies as well as your company’s confidence in its policies.
JT's Cyber Assessment focuses on three key areas:
Understanding your organisation and risks
The first point JT Cyber Assessment pays attention to is analysing your organisation and its unique risks. No two organisations are exactly alike, and neither are the cyber threats they face.
JT looks at factors like external versus internal threats, how your sector impacts your likelihood of being targeted, whether or not you use a remote, hybrid, or traditional work structure, your networking and IoT practices, and more.
Reviewing your current security policies
Next, JT Cyber Assessment puts pressure on your current security policies.
This encompasses everything from complex network safeguards to the training you provide your staff on cybersecurity.
Your current policies are not only evaluated for vulnerabilities, but they’re also compared against the current best practices in your industry. This will give you an idea of where you stand among your peers and whether you’re an easy target for cybercrime.
Performing an in-depth analysis of your current cyber risk
Finally, JT Cyber Assessment analyses your present cyber risk. This is an in-depth procedure during which your cybersecurity systems are put to the test. The goal is to understand how well your current policies and systems will hold up under a real-world cybersecurity threat.
This is one of the most important tests that can be conducted on your system and is an excellent way to uncover vulnerabilities before a bad actor exploits them.
JT Cyber Assessment uses the ISO27001 framework and the ISO27002 supporting guidance
The ISO27001 framework is one of the most important ISMS frameworks ever developed, and it’s the one that JT Cyber Assessment uses to assess your cybersecurity systems and policies.
JT Cyber Assessment also uses the partnering ISO27002 supporting guidance, a set of guidelines used to better understand and implement the ISO27001 framework. Combined, these provide an excellent basis for understanding and improving your cybersecurity.
You can use other cyber risk assessment standards as well
Of course, not all organisations will want to use the ISO27001 framework, which is why JT Cyber Assessment offers a variety of cyber risk assessment standards. Below are a few of the other options businesses can choose from.
NIST Cybersecurity Framework (CSF) and NIST SP 800-53 (R5)
The NIST CSF is a set of guidelines that a business can use to assess, manage and reduce cyber risk. It divides your cybersecurity policies into tiers and identifies five business-critical operations that tie into your cybersecurity.
The JT Cyber Assessment uses the NIST CSF, along with the NIST SP 800-53 (Rev. 5) Security and Privacy Controls for Information Systems and Organizations to produce a more comprehensive review of your security posture.
CIS Critical Security Controls (CSC)
CSC is a modern set of cybersecurity practices. It provides recommendations for cybersecurity policies to put in place based on the current best practices and prevailing threats to organisations.
For Europeans, GDPR is a set of regulations that companies must follow to secure their data and customers’ data. These are a great starting point for building your cybersecurity strategy and a must for remaining compliant.
The PCI DSS cyber risk assessment framework for the payment card industry is a necessary realignment for how your business treats cybersecurity. This is one of the most high-risk industries, and as such, you need to take a unique approach.
Best of all: JT Cyber Assessment happens in the background
One of the best features of the JT Cyber Assessment is that it can be done with minimal intrusion to the operation of your business, and can be completed both on-site or remotely. We offer various cybersecurity services, including cyber risk assessments and cyber compliance tools.
Secure your FREE Cybersecurity Assessment
Cyber threats are continually evolving, and its imperative that your business is protected to prevent the latest information security threats, vulnerabilities and risks.
Reliable security can only be built on a combination of well-trained people, sound governance, accurate reporting and delivered by correctly configured technology.
Our FREE no obligation Cyber Assessment will examine each of these areas, producing a comprehensive study for your whole business.