The rise of the Internet of things (IoT) and Cloud usage is increasing the importance of having strong cyber security measures in place to protect an organisation from cyber attacks.
Modern business IT networks tend to include a mix of physical and virtual components, often spread across multiple locations, even across the globe. This makes it harder for companies to verify the security of their network – internal IT experts might not be able to tell when new devices join the network, so can’t check for vulnerabilities or test for security compliance.
This increases the risk of systems becoming infected with malware. Organisations need to be aware of the gaps in their network security that are creating a risk for their IT systems and information security.
There are three things businesses can do to reduce their risk and increase their resilience.
- Synergise threat intelligence
Businesses can reduce silos in risk identification by making sure all parts of the business and the network are included in the risk assessment process. As well as helping to reduce risk, this type of approach will keep costs down and increase organisational effectiveness. In addition, businesses need to collaborate with other organisations about cyber risks to be able to share their successes and concerns about the cyber threat landscape.
- Prioritise threats with strong risk management
A robust risk management programme can help organisations add context to threats and understand the scale and likelihood of each type of risk. This will help leaders understand which threats to act on first and enable effective prioritisation. Dealing with the most critical risks first significantly reduces overall risk to a business. Implement a single risk policy and embed it across the organisation.
- Slicker processes
Cyber threats escalate quickly, so processes need to be smart and aligned to organisational needs. This will allow for faster identification and remediation of risks. Implement a shared language to describe security threats and be sure that all employees understand it and know what they need to do .
If businesses in the Gulf can effectively implement these three strategies and maintain threat awareness, they can become more astute at identifying and responding to security threats.
Risk assessment and ISO 27001
ISO 27001 is the international standard that provides the specification for an information security management system (ISMS), providing a holistic approach that promotes best practice in information security.
An ISMS involves the entire organisation, and covers the three essential tiers of information security: people, processes and technology.
Risk management is at the heart of an ISO 27001-compliant ISMS, enabling organisations to be aware of their risks and the actions they need to take to address those risks.
The risk assessment process itself, however, can be challenging.
vsRisk™ is a specialist tool that allows you to conduct information security risk assessments quickly and easily. Fully aligned with ISO 27001, it is suitable for organisations of all sizes and will help you deliver consistent, reliable risk assessments year after year.
Our free green paper Risk assessment and ISO 27001 explains and unravels some of the issues surrounding the risk assessment process. Discover how risk assessments fit into your ISO 27001 project.