To gain assurance on Cyber Security budget spend
One firm has an IT team looking after their cyber security, which is commonplace for organisations in the SME space. Typically, IT teams around the world have gradually been taking on more of these responsibilities as the cyber space develops. Keeping up with the pace of change can be difficult as cyber security is a complex area and continues to grow into its own multi-billion-dollar industry.
IT teams therefore often need support from professionals specialising in cyber security to ensure money and effort is being spent on the right areas. Our consultant was asked by the client to do exactly that – perform a deep dive on the firm’s cyber risks and advise whether the security budget was being optimised.
We also identified a further 20% of spending which could be optimised to cover more likely and consequential cyber risks, giving better overall coverage against the firm’s holistic security risks.
To give peace of mind that the right things are being done
Some clients come to us to get peace of mind. It is rare to find an organisation’s management team with specific skills and knowledge of cyber security, and without the right expertise in-house, it is commonplace for executives to have concerns about how well their business is protected.
One client wanted to be confident they were demonstrating the trust placed in them by both customers and employees to look after their data. The firm stores tens of thousands of client records and wanted to ensure this data was appropriately protected.
Our consultant was able to provide a risk assessment focussed mostly on the data records in addition to other business assets. Based on the identified risks, process improvements were implemented around access to the data and a robust back-up process put in place. After helping the client implement the recommendations, a follow-up report was provided summarising the improvements and documenting the changes to the firm’s overall security risks.
In part 2, we cover more ways our services can be used to reduce costs and win business all whilst improving and demonstrating strong cyber security skills.
Kloudwerk works with you to help you keep the cyber criminals out. We offer affordable cyber security consultancy packages for business customers. Please visit our Cyber Consultancy page for more information.