Security 30:60:90 day plan

 

What if in an alternate reality you were appointed as head of security of a company. In this case how will someone tackle the planning. This got me thinking and i wrote down few things which made sense.

First 30 days:

Get to know your team and stakeholders: Schedule one-on-one meetings with your team members, other department heads, and key stakeholders to understand their expectations and pain points. Conduct a thorough assessment of the current security systems and practices within the company.

Assess the current security situation: Conduct a thorough review of existing security policies, procedures, and protocols. This will help you identify gaps and risks that need to be addressed. Identify any immediate security risks and vulnerabilities that need to be addressed urgently. Review the company’s security policies and procedures and identify areas that need improvement.

Develop an initial action plan: Based on your findings from the above steps, create an initial action plan that outlines the most critical security issues to address in the first 30 days. Prioritize items that are critical to business operations, and ensure that your team understands the importance of these actions. Develop a short-term plan to improve the security policies and procedures.

Next 30 days(i.e 60 days):

Develop a long-term security strategy: Based on the gaps and risks you identified in the first 30 days, develop a comprehensive security strategy that aligns with the company’s goals and objectives. Implement a vulnerability management program to identify, assess and remediate vulnerabilities within the company’s network and systems. Develop and implement a continuous monitoring program to ensure the company’s security policies and procedures are being followed. Implement security controls to protect critical assets, such as intellectual property, customer data, and financial information.

Review and update security policies: Based on the new strategy, review and update existing security policies and procedures. Ensure that these are communicated effectively to all employees and stakeholders. Develop a plan to evaluate and select security vendors and products.

Develop training and awareness programs: Develop training and awareness programs to ensure that all employees are aware of the company’s security policies and procedures. This could include regular security awareness training sessions, phishing simulations, and other forms of employee education.

Next 30 days(i.e 90 days):

Implement security technology solutions: Based on your strategy and policies, identify and implement technology solutions to improve the security posture of the organization. This could include solutions such as access control systems, security cameras, and other physical and digital security measures. Conduct a comprehensive security audit to identify any remaining security risks and vulnerabilities.

Develop incident response and business continuity plans: Develop and implement an incident response plan and business continuity plan to ensure that the organization is prepared for potential security incidents or other business disruptions.

Evaluate and adjust: Review and evaluate the effectiveness of your security strategy and plans, and make adjustments as necessary based on your findings.

Remember that this is just a general outline, and you should tailor your 30–60–90 day plan based on the specific needs of your organization. Regular communication with your team and other stakeholders is essential to ensure that your plans remain relevant and effective over time.

Cyber Risk and Insurance simplified

 

Cyber risk refers to the potential harm that can occur to an organization or an individual as a result of malicious attacks, data breaches, or other cybersecurity incidents. This can result in financial losses, harm to reputation, and legal liabilities.

Cyber insurance is a type of insurance policy that provides financial protection against these types of cyber risks. It can help cover costs associated with data breaches, cyber extortion, and other types of cybercrime. This type of insurance can also help pay for expenses related to restoring damaged systems and data, as well as for legal fees in the event of a lawsuit.

It’s important to understand that not all cyber insurance policies are created equal. It’s important to carefully review the terms and coverage offered by different insurance providers before purchasing a policy. Some policies may have exclusions for certain types of cyber risks, or may not provide adequate coverage for the specific needs of your organization.

To minimize your organization’s risk of cyber incidents, it’s important to have strong cybersecurity measures in place, such as firewalls, encryption, and regular software updates. Additionally, regularly backing up your data and having a plan in place for responding to cyber incidents can help minimize the damage and costs associated with a breach.

In conclusion, cyber risk and cyber insurance are important considerations for any organization or individual in today’s increasingly digital world. Taking proactive steps to minimize your risk and having a cyber insurance policy in place can help protect you against the potential financial and reputational harm that can result from cyber incidents.

Cyber Risk Oversight Committee

 I heard this name first time in my current company. I looked it up, it did seem similar to something we did on cloud operations in past , but security specific. Then i wondered in people outside security have heard of this type of process/committee?

A Cyber Risk Oversight Committee is a group of individuals responsible for monitoring, evaluating, and addressing cyber risks within an organization. They work to ensure that the organization has the proper security measures in place to protect against cyber threats and that those measures are being effectively implemented. The committee is also responsible for regularly reviewing and updating the organization’s cyber risk management policies and procedures to stay ahead of evolving cyber threats. This committee may be composed of executives, IT professionals, and other experts, and may report to the board of directors or a similar governing body.

The general format of a Cyber Risk Oversight Committee typically includes:

Meeting frequency: The committee typically meets on a regular basis, such as quarterly or bi-annually, to review and assess the organization’s cyber risk management strategies.

Agenda: The agenda for each meeting should include a review of any recent cyber threats and incidents, updates on cyber risk mitigation initiatives, and a discussion of any recommendations for improvement.

Minutes: Minutes from each meeting should be kept and shared with relevant stakeholders, including senior management, risk management, and the board of directors.

Reports: The committee may receive reports from the cybersecurity team on the current state of the organization’s cyber risk posture and any actions taken to mitigate those risks.

Decision making: The committee should have the authority to make decisions on cyber risk mitigation initiatives, including the allocation of resources, selection of technologies, and development of policies and procedures.

Collaboration: The committee should work closely with other relevant departments and committees, such as the risk management committee, to ensure effective collaboration and coordination of efforts.

The Cyber Risk Oversight Committee plays a critical role in ensuring that an organization’s cyber risks are effectively managed and mitigated. By establishing a clear format for the committee’s activities, organizations can improve their cyber risk posture and reduce the likelihood of cyber incidents.