What Is Cyber Security Audit and How It Is Helpful for Your Business?

 How long has it been since you did a full cyber security audit? We are talking about a full cyber security management in-depth audit, not a normal scan. If it's been a long time since you remember, you might be at risk of being a victim of a cyber attack. As cyber incidents continue to increase globally, there is no indication that cyber risks will disappear any time soon.

What did your company do to protect information for cyber security management while the core workforce is working from home? This is where cyber security audit plays a vital role.

A security audit helps you find out if there are any number of cyber security challenges and risks to your business and technology operations. Once you are armed with the value of an IT audit, you can look for the right cyber security services firm that can assess your organization's security strengths and their associated vulnerabilities.

Now, it's time to get into the information about security audits in cyber security and get the IT support you need with this blog.



How will your business cyber risk management perform if you are hit by an attack tomorrow?

Because cyber security risks to businesses are on the rise during this COVID-19 pandemic. According to Bitdefender, there were 1448 COVID-19 themed threats registered in February 2020 and 8319 threats in March 2020. Many of these cyber threats were successful through phishing attacks and cyberattacks that target critical information about your organization as well as employees.


Therefore, it is important to ensure that your cybersecurity management measures are vigorous – as an inadequate or slow response against an attack damages your goodwill and bottom line.

 

It is not enough to have a security plan on-site; they need to be audited on regular basis. When was the last time you revamped your business's cyber risk management plan? Are the security documents up to date and do they meet the requirements of each department?

 

If you are still sure, then it is a suitable time for a cyber security audit.

 

Top Pointer-

  1. Outdated technology is not meeting modern challenges – Relying on outdated technologies like outdated hardware, outdated software, outdated services and outdated policies can make you vulnerable to growing threats. 

  2. Opportunities sway widely - you must exercise and modernize with new technologies. If you are approaching new technologies with the concern that new technology will expose you to new threats and vulnerabilities, then you need a cyber security audit. 

  3. Treating Your Business "Too small" for a Cyber ​​Security Audit - Consider that only large organizations need a cyber security audit? Think again! Most organizations, regardless of size, are increasingly outsourcing services, authorizing third parties to have a closer look at your critical systems and practices. Businesses of all sizes can take advantage of a cyber security assessment.


What is a Cybersecurity Audit?

A cyber security audit conducts a comprehensive review of your organization's IT infrastructure. It detects vulnerabilities and threats, introduces weak links and high-risk practices. This is a reasonable way to check compliance. It is designed to evaluate a company, system, product against a standard to verify that exact requirements have been met.


What is the main purpose of security Audit?

Cyber security is not just about IT security; it is about data and network security. Misleading trust from internal employees or a cyber security firm and an imaginary sense of security is the reason why hackers are succeeding in their endeavor. They aim at your processes, people, vulnerabilities and security flaws.

 

The Scope of a Cybersecurity Audit

Cyber security audits ensure a 360-degree in-depth audit of your organization's security conditions. It identifies the vulnerabilities, vulnerabilities, risks and threats that organizations face and the impact of such risks in these areas. 

  • Data Security - Includes review of encryption used, network access control, data protection at rest, and transmissions.

  • Operational Security - This includes auditing security policies, procedures, and controls.

  • Network Security - Security audit of network and security controls, anti-virus configuration, SoC, security monitoring capabilities, etc.

  • System Security – This cyber security audit includes patching procedures, hardening procedures, role-based access, privileged account management, etc.

  • Physical Security – A cyber security audit that includes disk encryption, biometric data, role-based access control, multifactor authentication, etc.

 

Internal Vs External Cybersecurity Audit

A cyber security audit is done by the cyber security services company to remove any bone of contention. They can also be executed with in-house security auditors. 

 

External cyber security audits are performed by experienced professionals and are equipped with appropriate software and tools to thoroughly perform cyber security audits. Auditors have a sufficient understanding of security protocols as well as experience to spot loopholes in your cyber security risk management. 

 

Outsourcing security audits to a cyber security service company has valuable value, although it is quite expensive for SMBs. To get the best value from an external cyber security audit, you need to find the right and affordable auditing organization, set expectations for auditors, submit relevant and accurate information, and implement suggested changes. 

 

Despite the benefits of external audits, many companies opt for internal cyber security audits because of their efficiency, speed, expense and consistency. As internal security audits are completed with an internal team, they can be completed more frequently. In addition, the selection and sorting of relevant information is streamlined as it is not being shared with the audit vendor. 

 

How Cybersecurity Audit will be helpful for your Business?

A cyber security audit introduces a high level of confidence to your cyber risk management process in the space. It adds a line of sight to assess as well as expand your security management. The valuable benefits of an IT security audit are:

  • Note the vulnerability and fix it.

  • In-depth analysis of internal and external security practices

  • Recognize gaps in your security

  • Enhanced technology and security performance

  • Assurance to employees, customers, and vendors

  • Determines whether you should increase your security cover

  • Recommends leveraging technology in business security

  • Test Control

  • Staying ahead of cybercriminals

  • Reputed Value

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