Cybersecurity Risk Management

Cybersecurity Risk Management Program

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Build a Cybersecurity Risk Management Program Without Breaking the Bank

The management of technology has seen both subtle and not-so-subtle changes over the last few years. This, coupled with an increasingly complex regulatory environment, heightened consumer concern over their data privacy, and significantly higher impact of cybersecurity threats, has led to a perfect storm of cybersecurity challenges that keep business leaders up at night.

Some have addressed these challenges by hiring Chief Security Officers (CSOs) and other specialized cybersecurity professionals, but this isn’t always the right fit for an organization. These professionals are in high demand, and as such, command high salaries.

In addition, cybersecurity is far too broad for a single individual to manage effectively. The skills and knowledge necessary to keep up-to-date with the latest threats while simultaneously minimizing risk is an undertaking in and of itself. As a result, teams are often required, which goes back to the last point: the demand far exceeds the available supply.

That’s where cybersecurity risk management comes in.

TCDI's cybersecurity risk management program is a cost-effective solution for developing, implementing, and managing a formal cybersecurity program.

Gain access to a team of experts specialized in reducing cyber risk. A dedicated Program Manager will develop a custom-tailored strategy to implement best practices and adhere to compliance requirements.

We will work closely with your team to plan and execute strategic security initiatives and tasks, as well as develop metrics to track your company’s cybersecurity progress over time.

Cybersecurity is a process. TCDI makes it simple.

Identifying cybersecurity risks is an essential first step for implementing a cybersecurity risk management program. TCDI’s team of compliance and security experts will perform a cybersecurity assessment which provides a holistic view of an organization’s security posture and associated risks.

During an assessment, TCDI will evaluate a number of key factors within an organization, including network systems, technical controls, processes, personnel, training, and culture. The results will then be analyzed against industry and compliance best practices to develop a strategic plan to minimize immediate and long-term risks.

With relevant cybersecurity risks identified, you will have a clearer understanding of your organization’s current security posture. From there, our team of experts will work closely with your team to establish a strategy for reducing risk while meeting organizational objectives.

Items for consideration include:

  • Compliance level expectation;
  • Cybersecurity maturity level goals: Practicing, optimized, or leading;
  • Security responsibilities and expectations; and
  • Implementation timeline.

Results from the cybersecurity assessment are incorporated into an overall strategy that includes recommendations, timeline, priorities, and responsibilities, among other things.

Identifying and remediating security risks is only half the battle. Taking a proactive approach to your security is also essential. TCDI's Program Manager will work closely with your team to schedule and execute cybersecurity tasks and initiatives.

This phase of the program will be unique to each organization, and may include initiatives such as:

  • Perform penetration testing;
  • Implement a SIEM / security monitoring solution;
  • Respond to information requests from clients and other third-parties;
  • Implement a patch management program;
  • Perform table-top exercises;
  • Implement new security controls and / or technologies;
  • Security awareness training and simulated phishing; or
  • Perform a configuration audit.

Cybersecurity is a process and requires ongoing focus to minimize risks and respond to the changing threat landscape. As a part of TCDI’s cybersecurity risk management program, our experts will work with your team to ensure policies and procedures are in place to meet your organization’s cybersecurity needs.

  • Policies: Establish expectations for how security will be implemented under certain scenarios or specific functional areas. For example, an incident response plan sets expectations for how an organization will respond to a variety of incidents such as ransomware or business email compromise (BEC).
  • Procedures: Define steps for regular, repeatable tasks, such as performing backups, monitoring systems for security alerts, or applying patches to systems. By establishing procedures, organizations can ensure greater consistency and avoid costly security mistakes.

Relevant metrics will be established and used to ensure your company continuously improves its cybersecurity strategy and effectiveness of security controls. At this stage, TCDI also helps your company adapt to changes in the industry, new vulnerabilities, and threats.

Being vigilant against cyber-attacks and having an established security culture is just as essential as implementing technical controls and developing policies. As such, the final step to TCDI’s cybersecurity risk management program is to ensure regular and consistent awareness training and cybersecurity readiness.

Maintaining a strong cybersecurity program is a process. It requires time and effort, but it doesn't need to be a burden. More importantly, it shouldn’t “break the bank.”

Partner with TCDI’s trusted advisors to implement a cybersecurity risk management program designed to reduce risk and protect your data.

Contact us today to get started.

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Cybersecurity Risk Management Program

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