Due to the complicated nature of cybersecurity and compliance management, organizations have difficulty tracing security initiatives to business benefits, defining an effective governance model, or measuring and reporting security initiatives. RiskView strategically aligns your information security initiatives with business objectives, compliance needs, and risk thresholds.
A well-defined security strategy and governance process ensures that security investments lead to business success. We implement a security architecture framework that guarantees complete coverage of security and allow security initiatives to be traced back to business and regulatory requirements. Ultimately, it is vital for organizations to manage the interaction of diverse user groups, business partners, customers, regulators, internal employees, and shareholders.
Cybersecurity plays a vital role in any Mergers and Acquisitions (M&A) as it protects invaluable intellectual property, sensitive client data, and personal information.
Despite the COVID-19 pandemic, M&A market has been very active, most notably in Fintech, Banking, Insurance, and Healthcare industries. Cyber security threats are amplified during M&A lifecycle. Some common threats and risks include:
- Bad Acquisitions: Takeover of companies with poor cyber security and privacy hygiene.
- Internal and External Threats: Former employees, disgruntled staff members or hackers and activists targeting the company or management.
- Legal and Regulatory Fines: Auditors issuing heavy fines for non-compliance with regulations.
- Security Gaps: Unreported data breaches or other cyber security gaps.
Aligning Information Security programs with business objectives, compliance needs, and risk thresholds.
In order for information security to achieve practical business benefits, organizations must use a strategic approach and align security initiatives to business drivers. Controls (security technologies or process controls) must commensurate with risks and compliance needs. In addition, organizations must define an effective governance and interaction model for various business units along with metrics to measure the effectiveness of security programs. A well-defined security strategy and governance process ensures security investments ultimately achieve business benefits.
Security is not a well-defined engineering discipline.
Organizations tend to develop their security programs in a reactive and unplanned manner leading to inadequate or missing security architecture. This results in haphazard implementation of security, increased risk, and costs. A disciplined implementation of a security architecture framework ensures complete coverage of security and that security initiatives are traceable back to the original business and regulatory requirements.
Managing the risks of internal and external users require a pragmatic and sustainable identity and access management solution.
Identity and access management (IDM) relates to the function of controlling access to an organization’s assets and data. Authorized users need to have easy and quick access to the controlled assets. It is essential that unauthorized access attempts be prevented at multiple layers. A combination of technologies and processes must be in place to manage user provisioning, authorization, access logging, and on-going monitoring. An effective identity and access management approach is prerequisite to managing the risks and opportunities of the complex ecosystem of internal and external information system users and stakeholders.