Developing a cybersecurity plan should be a priority for any business. A cyber security plan will identify what assets need to be secured, what threats and risks to focus on, and which safeguards to implement, all in order of priority.
Here are ten steps to help you prepare a cyber security plan for your business:
Step one. Complete the simple Cyber Security Status Self-Assessment Tool, attached to this training guide. This will identify gaps and options in cyber security in your business.
Step two. Identify all business assets, such as computers and business information, and determine their importance and value to the business.
Step three. Discuss cyber security threats with employees or outside experts and determine which assets are at risk of harm if one or more of those threats occur.
Step four. Prioritize risks as high, medium or low. With the help of employees or outside experts, determine what can be done to reduce those risks.
Step five. Evaluate the threats, risks and potential security safeguards and then decide what can and should be done to improve cyber security in the current year. Often one improvement can be planned in conjunction with another to help reduce overall costs. For example, if you are already setting up a network firewall, there may be options to help deal with malware or spam within the firewall.
Step six. Set attainable target dates for all identified cyber security tasks and security safeguards that you plan to purchase.
Step seven. Identify resources that will be needed to implement the plan in the first year, including people, time and money.
Step eight. List any issues that may hinder your plan, such as a lack of personnel or budget.
Step nine. Start implementing the plan.
Step ten. Repeat Step three. Threat evaluation, at a minimum of once per year.
Make sure to keep track of any changes in the plan and inform all affected parties to avoid confusion. For example, if you have hired a security expert to help set up a firewall and find that spam has become a more urgent priority, you may need to adjust your plan either to focus on spam or to incorporate spam blocking within the firewall.
You should also evaluate progress at every year-end and make any necessary adjustments. In most cases, a multi-year cyber security plan will need some updates to accommodate for changing priorities and business capability.
While the process to develop a cyber security plan may seem daunting at first, remember that you can always revisit and expand your plan over time.
Budgeting for Cyber Security
Having an effective cyber security plan costs money and must be taken into account when drawing up your annual business plans and budgets. Fortunately, there are some free services, tools and advice available. Additionally, policies or internal documents can often be developed in-house at a minimal cost.
But some key things, like security safeguards, will have to be purchased and may also involve annual subscription fees. For example, unlike software that you typically pay a one-time fee for, a subscription to anti-malware software might need to be renewed monthly or annually.
To avoid surprise expenses, it is best to allow for the following:
The first-time cost of any security tools, as well as upgrade or update fees.
Any support, consulting or training costs.
Contingencies.
Contingency funds are important to deal with unforeseen emergencies.
In some cases, your insurance may cover losses due to a cyber security incident. It is important to discuss this with your insurance provider in advance.
If you have any questions, don't hesitate to reach out to us. And don't forget to subscribe.
👉 Self Assessment Template: https://rhyno.io/free-cybersecurity-s...
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