A security risk assessment can cover all manners of things, including vulnerabilities with your IT systems to your automation systems going down for a number of reasons. No business can afford to experience any downtime at all because, as we all know in the business community here in America, time is money. There is also the risk that if you are not complying with certain rules and regulations, then you may incur significant fines and you will have to hire a legal professional to deal with this as well. This is all money that you don’t need to spend.
This is why it makes perfect sense to have a solidity audit carried out as soon as possible for your particular business enterprise to figure out your IT risk, to ascertain if there are any risks to your cyber security and if your customer’s financial details are vulnerable. All kinds of cyber-attacks happen nowadays including phishing, DOS attacks, attacks to your supply chain and the gaining of sensitive or very important business information.
The following are some of the reasons why your business needs regular risk assessments in today’s very complex business world in the USA.
- It helps you understand risk – It’s no good walking around with your head in the clouds or your head in the sand not aware of everything that is going on around you with regards to the risks that your business is experiencing. The audit will be carried out so that you can more easily identify and analyze any traits that your business is currently experiencing or will experience in the near future. This allows better focus on your vulnerabilities now to reduce the potential impacts.
- It actually saves you money – If your business is subject to fines for data breaches due to the particular industry that you are involved in then this can amount to a significant amount of money depending on what went wrong. Making sure a security risk assessment is carried out helps protect your business from the costs associated with such a fine. As an illustration, many companies work with a managed IT service provider in Las Vegas not just for compliance but to build a resilient security framework that prevents breaches before they happen. It also helps you to assess where you need to spend more money when it comes to your security.
- It leads to customer trust – People need to be able to trust you with their personal details as well as their credit and debit card details. Your business cannot afford to take any chances when it comes to security, therefore, this is why it is essential that audits are carried out in a timely manner and on a regular basis. The more information that you have about the risks that your business will be experiencing will allow you to make better decisions when it comes to things like your security.
Once the solidity audit is carried out, it will help to identify threats and vulnerabilities, it will be able to analyze the controls you currently have in place and figure out the likelihood that your business will experience a serious incident in the very near future.
