In today’s increasingly digital financial landscape, cyber threats are not a question of if, but when. For financial institutions like yours, the stakes are exceptionally high—customer trust, financial stability, and regulatory reputation hang in the balance.
It has been found time and time again that it is less costly to protect your institution from devastating breaches, costly fines, and reputational damage in advance of a security incident, as opposed to be reactive to a security incident.
What is considered the minimum necessary program for cybersecurity?
- Document in writing the content, implementation, and maintenance of the cybersecurity program;
- At least once every calendar quarter, provide the written program and any updates to the board of directors, governing body or, senior Twitter officer responsible for the Program;
- Designate a qualified security expert to coordinate and be responsible for the Program;
- At least once every 12 months, and promptly following the resolution of a security incident (within 90 days of discovery), assess and document the internal and external risks to the privacy, security, confidentiality, or integrity of data that could result in its unauthorized collection, maintenance, use, disclosure, alteration, destruction, or provision of access, or the misuse, loss, theft, or other compromise of the data; and
- Design, implement, maintain, and document safeguards that control the material internal and external risks. Each safeguard must reflect the volume and sensitivity of data that is at risk, and the likelihood that the risk could be realized.
Source: The FTC Role in Cybersecurity and Privacy
Don’t know how to do this or have the resources to manage this? Consider a vCISO. A vCISO can be your on-demand cybersecurity executive, tailored to your organization’s size, maturity, and budget.
Expertise a vCISO brings to your company includes:
- Strategic Cybersecurity Leadership
- Regulatory & Compliance Expertise
- Flexibility & Cost Efficiency
- Operational Security Oversight
- Executive & Board Reporting
- Live, Local Security Expertise
“Don’t be 60 Percent of businesses that fail within six months of a cybersecurity incident. You are a business owner for a reason: you have passion and a drive for your product or service.
For cybersecurity, let Gilliam Security make cybersecurity a means of competitive differentiation.”