Cyber Risk Management: What It Is and Why It Is Important
10 MIN READ Cyber risk management is a crucial component of the wider efforts of
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Beyond just defense, our Security Shield offers a complete, enterprise-grade cybersecurity strategy designed for small to mid-sized organizations.
Enjoy peace of mind with protection that anticipates threats, safeguards your operations, and ensures business continuity before, during, and after any security event.
At Imagine IT, our Security Shield is included in our IT services,
and includes employee training and a fully layered system.
Cybersecurity threats are one of the biggest risks that organizations and governments face.
Your cybersecurity strategy begins in the boardroom and extends to your entire team.
This understanding must drive your cyber strategies.
A successful cybersecurity strategy is a living, breathing plan. It must rely on the right tools and processes to identify, detect, protect, respond, and recover when necessary.
We secure and protect hundreds of organizations and thousands of end users.
Security is not just a technology challenge but a collective responsibility. By adding security awareness into your company culture, every team member becomes a proactive defender against threats.
Effective cybersecurity transcends technology—it’s about preemptive action and education.
Our next-gen cybersecurity solutions and consulting services are enterprise-grade but designed for small to midsized organizations and city and county governments.
Our Security Operations Center (SOC) protects and secures your entire organization, your staff, and your customer data. And you gain access to expert cybersecurity consultants—including virtual CISO (vCISO) services.
It also includes recurring scans, investigations, and frequent
user training.
The Security Shield is designed around the 6 areas of NIST, the National Institute of Standards and Technology Cybersecurity Framework:
The 6 Pillars of NIST:
Imagine IT offers cybersecurity solutions and consulting services for organizations of all sizes and local city and county governments. Our in-house cybersecurity team protects your data and end users, helps you meet compliance requirements and ensures your organization is fully protected.
Performing recurring cybersecurity risk assessments is crucial for several reasons:
Cybersecurity is facing a challenge of effectiveness. The reason? Every cyber-attack is orchestrated by intelligent and creative individuals who can maneuver around technological defenses.
Thus, IT security requires a human touch, including optimizing existing IT and security controls, tapping external experts, and deploying ongoing cyber risk management.
Sole reliance on passwords leaves your systems vulnerable to cyberattacks. The solution lies in multi-factor authentication (MFA), which utilizes extra layers of verification to confirm the identity of your users, safeguarding your vital systems.
However, the proper implementation of MFA – encompassing documentation, training, onboarding, and help desk support – can demand resources your IT team may not readily have.
An intrusion detection system (IDS) is a critical component of cybersecurity that helps protect computer systems, networks, and data from unauthorized access and attacks.
Here are several reasons why having an intrusion detection system is important:
A network intrusion detection system is essential to a comprehensive cybersecurity strategy to safeguard against today’s digital world’s constantly evolving threat landscape.
Utilizing next-generation Endpoint Detection & Response (EDR), Extended Detection & Response (XDR), or Managed Detection & Response (MDR) antivirus solutions is important for several reasons:
Utilizing next-gen EDR/XDR/MDR antivirus solutions provide a more robust and proactive approach to defending against sophisticated threats, helping organizations protect their systems, data, and reputation from cyber threats.
The Security Shield combines enterprise-grade technologies, AI, breached device isolation, and threat hunting and includes recurring scans and frequent user training.
The Security Shield is fully layered and includes the following:
The Security Shield is designed around the “Zero-Trust” and the 6 pillars of the National Institute of Standards and Technology (NIST) Cybersecurity 2.0 Framework:
In short, we will lock it down, train your users, monitor for breaches, and continually improve your cybersecurity posture.
Our client’s staff are enrolled in a Security Awareness Training Program that includes recurring phishing campaigns, training videos, and quizzes. Security awareness training is a crucial component of a cybersecurity strategy to mitigate risk and protect information assets.
Our Security Strategy is based upon a nationally recognized framework, i.e., NIST CSF.
Why is this important?
Basing your cybersecurity strategy on a framework can provide several important benefits. Here are some reasons why it’s beneficial to establish your cybersecurity strategy on a framework:
Adhering to a framework helps organizations enhance their cybersecurity posture, reduce vulnerabilities, and improve their overall cybersecurity resilience.
We perform internal and external vulnerability scans at least monthly. Why is this important? Performing monthly vulnerability scanning for these reasons:
Monthly vulnerability scanning is essential to a comprehensive cybersecurity strategy to safeguard critical systems, data, and applications from potential cyber threats.
A virtual Chief Information Security Officer (vCISO) can help reduce risk in several ways:
We have a documented Incident Response Plan (IRP) and rehearse it annually, and we also perform tabletop exercices with our customers.
An IRP is critical for many reasons:
Having a documented Incident Response Plan and rehearsing it annually helps organizations minimize the impact of security incidents and protect their systems, data, and reputation.
Our client’s staff are enrolled in a Security Awareness Training Program that includes recurring phishing campaigns, training videos, and quizzes. Security awareness training is a crucial component of a cybersecurity strategy to mitigate risk and protect information assets.
To be secure, you need a fully-layered cybersecurity solution. Most IT providers follow the “wish list” approach, only Securing a few of the biggest threats, leaving you vulnerable.
Most IT providers do not include cybersecurity in their monthly fees. At Imagine IT, we look at cybersecurity as a critical business strategy. And we include it as a necessary part of our IT service fee.
NOTE: Depending on your current security position, there will be some onboarding costs to enroll in Security Shield
Imagine IT helps organizations of every size make better technology decisions. We do this with expertise, a team approach, and an understanding that your
technology must be fixed quickly, be cyber-secure, and be strategic.
Determining the right budget for cybersecurity is a delicate balance. Industry experts often recommend allocating about 7-12% of your IT budget for security.
However, very few organizations spend this much, even though many should. At Imagine IT, we realize it comes down to the nature and scale of your operations.
It’s critical you choose a fully layered cybersecurity solution that is tailored to your organization.
Understanding today’s cybersecurity challenges. Our SOC team continually monitors and analyzes the latest cyber threats and trends.
Incident Response & Disaster Recovery
A robust incident response plan ensures you can quickly identify, contain, and remediate security incidents, minimizing their impact.
For local governments, this is particularly crucial, as the public relies on their services and the protection of sensitive data.
Disaster recovery goes hand in hand with incident response. It focuses on restoring critical functions and data after an incident.
For SMBs, downtime can be devastating, as revenue and customer trust can be quickly lost. Local governments, too, face immense pressure to maintain continuity of services.
What is Managed Cybersecurity?
Managed Cybersecurity is, in essence, a strategic decision to outsource the critical task of cybersecurity. Instead of shouldering the burden alone, you delegate this responsibility to experts with the knowledge, skills, and resources to secure your digital assets.
With Imagine IT, this means entrusting us with integral components of your cybersecurity framework, including:
A robust incident response plan ensures you can quickly identify, contain, and remediate security incidents, minimizing their impact.
For local governments, this is particularly crucial, as the public relies on their services and the protection of sensitive data.
Disaster recovery goes hand in hand with incident response. It focuses on restoring critical functions and data after an incident.
For SMBs, downtime can be devastating, as revenue and customer trust can be quickly lost. Local governments, too, face immense pressure to maintain continuity of services.
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