The Cyber Security Review | Wednesday, August 18, 2021
Cybersecurity assessment solutions help organizations to streamline the cybersecurity and risk management process
FREMONT, CA: Any organization with data is prone to cyber risks. Cybersecurity assessment is essential for every organization to understand the risks that their vendors may pose. With limited resources and time, it often becomes difficult to conduct cybersecurity analysis. Here are five solutions to streamline the process of cybersecurity analysis for an organization:
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Using industry-standard cybersecurity methods
To assess third-party cybersecurity, an organization can choose from already adopted methods in the industry like CIS security controls or NIST Framework. Both methods can reduce the risk of cyber attacks from a third party or outside vendor. A third-party source like shared assessments can also help in risk management by developing assessment questionnaires for users.
Personalized assessment
All vendors of an organization are different and cannot be assessed in the same way. To save time and money, similar vendors should be grouped, and assessments should be customized accordingly. A vendor, especially a payroll provider, may have access to all the organization's critical data. Tiering is one way to decide if a vendor needs an in-depth security assessment.
Customized security assessment questions for vendors
After tiering each vendor, it is essential to ask customized security assessment questions from them. It is essential to understand a vendor's process and policies and not just their network protection status. The questions must focus on diving deep into the past and current assessment of security incidents. Security assessment questionnaires must include questions like, how does the vendor monitor remote or wireless networks? How does the vendor train for cyber incidents? Are employees frequently trained for new cybersecurity policies?
Define acceptable risk limit
The vendor's security ratings can help establish acceptable risk limits. Vendors with low security ratings may require more strict controls, or an organization can choose another vendor to meet the acceptable risk limits.
Continuous monitoring in real-time
A big concern for security managers is that cyber threats and risks are continuously evolving. Changes in a vendor's security rating and structures may occur unknowingly between the assessments, exposing the business to risks. It is in the best interest of security managers to continuously monitor third parties in real-time. Regularly monitoring security ratings or changes in vendor policies can help understand if there is a potential risk for the organization or another assessment is needed.
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