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Governance - Risk and Compliance

Governance - Risk and Compliance

Enterprise risk management, compliance, internal audit and more for a more resilient organization

Risk Management and good governance are mandatory to meet your regulatory cybersecurity requirements.

This will ensure you reduce your business’s exposure associated with data breaches, financial loss in event of ransomware, loss of productivity, loss of customers, damage to your brand or other areas of concern to your business.

Benefits of implementing Essential Eight (8) Strategies

Whilst the Essential Eight is not regarded as a complete framework, like ISO2700x series or NIST , it does include practical implementation of tools and techniques that will significantly improve overall security posture.

Common threats such as ransomware, phishing and exploitation of systems are mitigated due to the practical and direct approach, which results in organisations receiving the maximum benefits from their cyber security investment.

Implementing the Essential Eight requires a high degree of understanding of the organisation’s risk profile.

Benefits of implementing ISO2700x standard series

ISO2700x series standard provides a comprehensive platform an organisation needs to proactive manage and optimise its information security. It ensures a robust security management practice is in place for external and internal stakeholders.

By implementing ISO2700x series standard and getting accredited, it provides a high level of trust to an organisation’s clients and mitigates cybersecurity and data breaches.

Benefits of implementing NIST Cybersecurity framework

NIST can assist organisations to tackle cybersecurity threats in a flexible manner and with a risk-based approach. It also creates a long term and iterative approach to an organisation’s cybersecurity posture. It also allows an organisation to align to a well-recognised and globally accepted cybersecurity standard.

This framework includes internal and external stakeholders and is flexible, easy to adapt and scalable to the organisation’s size.

Essential Eight (8)

Analysis in the Australian Cyber Security Centre (ACSC) 2020-2021 Annual Cyber Threat Report observes that over the 2020-21 financial year, ACSC received over 67,500 cybercrime reports, an increase of nearly 13 % from the previous financial year.1

1 “ACSC Annual Cyber Threat Report 01 July 2020 to 30 June 2021”, ACSC, Sep 21

In response to this threat, the Essential Eight are a set of technical control strategies targeted at preventing cyber intrusions, ransomware and other malicious events, limit their damage and enable organisations to recover if they occur. The Essential Eight is a cyber security self-assessment maturity tool “to help organisations mitigate cyber security incidents caused by various cyber threats”.

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Why should your business implement Essential 8

Self-assessing against the model can assist your organisation to:

  • Increase your knowledge and visibility over your organisation’s cyber security
  • Identify your current application of prioritised technical controls
  • Identify challenges and opportunities to create a cyber maturity roadmap
  • Focus on organisational controls rather than users
  • Inform business cases to secure funding to improve organisational cyber security and resilience
  • Compare organisational progress against (de-identified) peer sector organisations
  • Report to executives, audit and risk management committees and boards on cyber security risk

Which one should I go for?

Which one should I go for?

Speak to us today. Cyber Ethos Consultants work with your organisation to provide tailored advice, bring you proactive and fit for purpose solutions in a cost-effective manner. Contact us for a free consultation

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Working with us, you can:

  • Gain clarity in knowing and understanding the security requirements of your business including security, IT risk management, as well as the ACSC Essential Eight requirements
  • Address concerns over potential security gaps exposing your business to undue risk.
  • Develop a cybersecurity roadmap to close those gaps and assist with its implementation.

ISO2700x standard series & National Institute of Standards and Technology (NIST ) Cybersecurity Framework – obligations and benefits

Risk Management and good governance are mandatory to meet your regulatory cybersecurity requirements.

This will ensure you reduce your business’s exposure associated with data breaches, financial loss in event of ransomware, loss of productivity, loss of customers, damage to your brand or other areas of concern to your business.

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