Advisor Idea Generator

Step 1 of 3 – Industry

What industry is your client in?
  Finance
What challenge are they facing?
  Cyber security is always front of mind
What have you tried?
  We hold monthly huddles on the topic and we do annual compliance training
Response
 

1. Implement Multi-Factor Authentication (MFA): MFA adds an extra layer of security to protect against unauthorized access to systems and applications. MFA requires users to enter multiple factors of authentication, such as a password and a unique code sent via SMS.

2. Perform Regular Vulnerability Scans: Vulnerability scanning software can identify potential weaknesses in systems, software, and networks before attackers can exploit them. Develop a plan to regularly scan systems with vulnerability scanners such as Nessus or OpenVAS.

3. Implement Firewall & Intrusion Detection Systems: Firewalls and intrusion detection systems can monitor network traffic, detect suspicious activity, and prevent unauthorized access to systems. Ensure that the client has the latest firewall and intrusion prevention systems in place.

4. Develop & Implement Incident Response Plan: Develop an incident response plan (IRP) that outlines the sequence of actions to take in the event of a cybersecurity incident. Include a clear chain of command, communication strategies, and coordination with third-party vendors.

5. Implement Security Information and Event Management (SIEM) Systems: SIEM systems help organizations to monitor and analyze security-related data. SIEM can help to detect security incidents, track user activity, and generate reports on security events.

6. Compliance with Industry Regulations: Regulations, such as PCI DSS and SOX, provide guidelines for securing sensitive data. Ensure that the client complies with the industry regulations and standards applicable to their business.

7. Hire a Cybersecurity Expert: Consider hiring a cybersecurity expert to help design, implement, and manage a comprehensive cybersecurity program. A cybersecurity expert can assist with risk assessments, policies, procedures, and incident response planning.

Frameworks to consider implementing include NIST Cybersecurity Framework, CIS Controls, ISO 27001, and COBIT. It’s essential to consider which frameworks would best fit the needs of the client’s organization and industry.

← Go Back to Entries

Unlock These Courses And More!

Create a free account or log in to access our courses and other free content just like it!