What matters is your ability to govern access to the data. That’s the IT asset: your ability to keep others from using that stolen iPad, or stolen access credentials. The asset is your collection of policies and procedures to evaluate relationships, study data usage patterns, raise alarms about suspicious behaviour, provision or de-provision user access, and so forth, and your database of customer interactions and records.
Board members need to insist on understanding IT / Cybersecurity risks. Only with this knowledge, can they properly discuss those risks at board level and achieve a consensus on setting the enterprise’s risk tolerance. When it comes to cybersecurity strategy, perhaps the single most important goal for boards and CEOs is defining the enterprise’s IT […]
Action Item Checklist Function Summary Description User Name and Password Protection Strictly enforce robust password security as per NIST Standards that include Upper and lower case letters, numbers and symbols Minimum of 8 characters, avoiding common words and dates Password not used for any other log in’s Changing passwords regularly – 3 months Using 2 […]
We are currently working with two large companies and it is interesting on my behalf on how little emphasis there has been on asset registers. An asset register of IT equipment is one of the foundations of your IT systems and security, if you dont know what you own, then you dont know what keys […]
Much of the business discussion around cybersecurity relates to protection of key assets such as customer information and intellectual property, often after the news that another company has suffered a large data breach. While strengthening defenses against cyber attackers is important, companies also must be prepared to handle the reputational and financial hits that a […]
Cybersecurity/ IT Risk Management is (or should be) on the agenda of boards. Information Technology is ranked by many as a top 10 risk, but does your board treat it accordingly? Working on and with Boards of Directors, I understand that the agenda is pretty full on, despite Zoom decreasing the actual meeting times. Since […]
Employee Data Theft When most of us think about a cybercriminal, we usually think of a person from home, and probably not in your own country. But did you ever consider that a hacker could be inside your own organisation? While most business owners assume that attacks on their company, data, website or operations are […]
SME’s need advice and assistance in identifying and defining suitable actions to mitigrate the risk of Information Technology risks, data loss and the issues where the loss of an IT function brings to any organisation. Cyber crime poses a severe risk to all types of enterprises. Preventing these risks requires implementing initiatives based on both education and awareness.
he policy must include a description of the main roles and responsibilities of information security management. Set out the requirements for staff and contractors, processes and technology in relation to information security, recognising that staff and contractors at all levels have responsibilities in ensuring financial institutions’ information security.
You know you need a risk assessment to show that you’re secure and to find the problems that expose your enterprise to risk. But how do you sell your CEO or the board on that expensive proposition?
Tags: artificial intelligence, Cloud, IaC, IAAS, Infrastructure, Infrastructure as a Service, Machine learning, Operating Model, organisation, Outsourcing, RPA, vendor management 2020 has given us a significant change to how we work, how technology works for us and how we integrate with the world as a whole. The internet provided the starting pistol for this phase […]
Does your credit union lack the resources to hire or retain a full-time It Manager? Are your current IT expert(s) overwhelmed by their responsibilities? Have you ever wondered what virtual Chief Information Officer, vCIO as a service is? This post is for you! vCIO as a service is a unique approach to providing consultation around […]
Every organisation should take a fresh look at the impact specific cyber events can have and whether management’s response plan is properly oriented and sufficiently supported. This review includes an assessment of internal processes and capabilities to determine whether proactive steps should be taken to make necessary improvements — both near term and long term.
The key to mitigating IT risks is to minimise the harm they can cause. One way to manage risks is for boards to set up policies and procedures to reduce risks. Non-profit boards can also transfer some degree of risk by purchasing the appropriate insurance policies or by outsourcing some activities