As global requirements are on the increase for tougher cyber security with increased international cooperation being pressed, compliance to these standards is falling short as companies realize it takes a lot of man hours to become compliant and finances are certainly tough.
What are the problems?
What are the options?
Who can help?
We at SecuriKiwi can help get you on the right path, without having to worry about the global cyber security skills shortage.
What are the problems?
With a large amount of compliance, the issue lies in the amount of time it can take to become compliant with regulations as well as the financial strings that are attached to completing security projects.
Lack of skilled workers
There is a global lack of skilled workers in the Cyber Security industry, there are a fair few entry or intermediate level engineers but not enough to fill the skills gap and the ones you get can be easily lured away with the promise of better money.
Lack of understanding of requirements
There can be far reaching requirements if you are an international business, there may also be constant change in the requirements as frameworks evolve and expand to counter the growing threat.
Running your own teams and hardware is expensive
To get a 24X7 Security Operations Center (SOC) running in your company can be very pricey, you need a minimum of 4.5 full time employees (FTE) to manage the day to day business and cover for holidays. If these are all paid $80,000 (NZD) you are looking at $360,000 a year just for the staff, not including the tools they will need to achieve the goal of securing your company. This does not include training, recertification, hardware and any other incentives you may give to staff. It is also worth noting, that someone with good experience within Cyber Security can usually be offered salary packages north of what we have just stated.
Lack of time
There can be a lack of time to get up to speed with the requirements, if you are running all the projects in house and having your teams multi-task there is an increased risk of something failing with your security stance.
Lack of compliance results in insurance being invalid
If you have not complied with the cyber security basics, you may find that even if you have insurance in place for cyber incidents - they won't pay. Insurance companies do not want to pay out to companies that do not do everything they can to secure their infrastructure and data.
Prosecution
If you are holding data that should be protected, yet you are not doing so, then you may be liable and face fines and/or jail time for not implementing appropriate security measures. This can be levied by the European courts, Government departments, Intelligence/Police agencies and more should you be in a specialized and trusted field.
What are the options?
There are several options that can be adjusted to suit the needs of companies and their budgets, finding the right solution for your scenario can be a long conversation or two before you even decide on the long term direction of your security team.
Some options include:
Outsourcing your Cyber Security Operations to a third party team
Training in house to improve your security stance
Implementing tools internally to automatically detect and respond to threats while your security team is notified.
Leveraging existing infrastructure with the right tools to minimize disruption and implement security in a timely manner.
Hire a Virtual CISO or consultant on a contract basis to provide advice and oversight
Implement cloud solutions that can quickly increase your redundancy and resilience to incidents.
These options will help you to make some immediate changes to your security stance, as well as have a 1, 3 and 5 year goal to become as compliant as possible.
Who can help?
SecuriKiwi partners with several industry leaders to provide these services to customers all over the world. Services include but are not limited to:
Password/Secrets management
Secure online storage
Secure online chat
Cyber Security Awareness Training
Network monitoring and defense
Incident response and management
Anti Virus (next gen)
Automated patching of Operating Systems and Third Party Applications
Remote maintenance and support tools
Risk/Vulnerability monitoring and assistance
At SecuriKiwi we can help to design a service that will serve you well with our partner services, moreover we can assist with other services including:
Consultancy services on all Cyber Security matters
Training and coaching for internal Security teams
Policy and Procedure development
Playbook development
Proof reading and technical feedback
Security auditing advice
ISO27001, GDPR, Essential 8, NIST any many other framework advice or project management
And much more as per our services page.
Summary:
In summary, there is an increase in global cooperation in Cyber Security being pushed so companies should expect this to be more important and try to get ahead of the problem. SecuriKiwi can help you get there, and with our partners we can help you stay there.
We also have great deals and discounts with our partners, we aim to help you get there with less of a hit to your budget!
Links for reference:
NIS2 compliance eats up IT budgets despite doubts | CSO Online
CISA and FBI Release Joint Guidance on Product Security Bad Practices for Public Comment | CISA
State of cybersecurity in 2024: A review of the reviews - Digital Journal
CISA Strategic Plan Targets Global Cooperation on Cybersecurity - Security Boulevard
Comments