Let us develop a robust information security strategy to decrease your cyber risk levels
Allow Birmingham Consulting to spearhead the development and implementation of a strong information security strategy and architectural framework from the results of your information security risk assessment.
An information security strategy helps organizations manage cyber risks and protect digital assets from hackers and cybercriminals. The primary goal of developing and implementing such a plan is to ensure the safety of your data and information. By creating effective solutions, you can safeguard your company’s reputation while minimizing potential harm to the business and its employees.
We use a multifaceted approach that addresses technical, physical and administrative controls. This in turn ensures your organization has comprehensive defence measures against potential threats, minimizing vulnerabilities and enhancing your overall security posture.
Book a consultation to learn more about our information security strategy and architecture services
When it comes to information security, you can trust Birmingham Consulting to keep you armed with the best protective measures for your business. Book an information security consultation with us to find out how our services can augment your plans, tools, procedures and policies. Click below or call (289) 895-8948 to schedule.
FAQ’s about creating an information security strategy from a risk assessment:
Information risk assessments play a vital role in an organization’s overall risk management strategy.
There are multiple reasons to conduct an information security assessment:
Reduction of Long-Term Costs: By identifying and addressing potential threats and vulnerabilities, you can prevent or lessen security incidents, thereby saving your organization money and protecting its reputation over time.
Provides a Template for Future Assessments: Effective initial assessments establish a solid foundation for future evaluations, creating repeatable processes that remain consistent even with staff changes.
Enhanced Organizational Insight: Understanding your organization’s vulnerabilities helps pinpoint areas that require improvement.
Prevention of Data Breaches: Avoiding data breaches is crucial, as they can result in significant financial loss and damage to your organization’s reputation.
Avoidance of Regulatory Issues: In any industry, your business may be required to follow certain rules and regulations regarding information security. For example, businesses that handle sensitive customer data, or, alternatively, works with another business or organization that does. Therefore, complying with those regulations is essential to success.
Minimization of Application Downtime: Ensuring that internal and customer-facing systems are consistently operational is vital for smooth business operations.
Prevention of Data Loss: Protecting against the theft of trade secrets, code, or other critical information is necessary to prevent competitive disadvantage.
How our information risk assessments help you respond to identified cyber risks
Following an assessment, organizations are given a score outlining vulnerabilities identified. They are also provided recommendations on how to strategically respond to each of those risks, through:
Avoiding the risk: Completely eliminate the risk.
Mitigating the risk: Reduce the probability or impact of the risk.
Transferring the risk: Shift the risk to a third party, typically through Cyber Liability Insurance.
Accepting the risk: Acknowledge the risk and choose not to address, transfer, or mitigate it.
How can you determine where to invest in information security?
Firstly – how do you identify high-risk?
So, risk severity can be determined using the following calculation:
The likelihood of something happening
X (Multiplied by)
The impact on the organization.
Therefore, something that is high-risk means that it has a high likelihood of happening and would have a big impact. So you should invest in avoiding, transferring, or mitigating it. Whereas a low-risk might be something you simply accept.
Information security is the inclusive management of technical, physical and administrative processes and tools.
People often use the terms information security and cyber security interchangeably, but key differences exist between the two.
Information security, also known as InfoSec, is managing risk to the Confidentiality, Integrity and Availability of information through Administrative, Physical and Technical controls. It involves the processes and tools implemented to safeguard information from unauthorized access, alteration, disclosure or destruction. Therefore, it encompasses a variety of security tools, solutions, and processes designed to safeguard information across devices and locations. Together, these help businesses and individuals defend against cyber attacks and other forms of cyber incidents.
Whereas, cyber security is a subfield of information security that focuses only on the technical controls involved in defending computer systems and networks.
This means that information security is crucial because it addresses all aspects of protecting a business from both the occurrence and the impact of a cyber incident. For instance, ensuring that a business’ cyber insurance coverage and premiums correctly match their risk profile.
Therefore, by implementing strong information security, including compliance with your own policies and procedures, you can significantly reduce your cyber risk.
Learn more: What is information security; Information Security vs. Cyber Security: Understanding the Key Differences and Overlap
An important piece to vCISO Advisory and Implementation Services are Tabletop Exercises services
We provide Tabletop Exercise services for businesses who want to take their incident response plan and cyber emergency preparedness to the next level.
Our tabletop exercises are interactive, discussion-based sessions that are designed to prepare key team members for security incidents or breaches. During the exercise, participants review their roles, procedures, and responses to critical situations through simulated scenarios.
To foster collaboration and encourages questions & discussion, these sessions typically take place in a meeting-like environment with a guided facilitator.
The purpose of a tabletop exercise is to familiarize participants with your organization’s incident response protocols. It simultaneously provides leaders with an opportunity to assess your preparedness in a low-risk environment. The core goal is to ensure that team members understand exactly what actions to take in an emergency.
Brace for financial impact with our Cyber Liability Calculator
Estimate the financial impact to your business from a cyber incident with our free and anonymous Cyber Liability Calculator.
Results include email fraud, ransom demand, downtime cost, remediation cost per industry statistics, 1st-Party liability, number of Personally Identifiable Records, Third-Party liability, legal costs associated with Third-Party liability and more!
