7 Steps to Implementing Cyber Security Framework

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Cyber-attacks are on the rise, and all businesses are vulnerable. These attacks can take the form of malware, phishing, ransomware, email hijacking, password attacks, or even insider threats. Businesses that experience such attacks suffer financial losses, reputation damage, operations disruptions, and sometimes closure.

Cyber security aims to protect firms from such risks, allowing them to operate more effectively. If you run a business or plan to start one, setting up a good cybersecurity framework can help you reduce the risks of cyber-attacks so that you can focus on other vital business activities.

The framework provides a structured approach that you use to identify potential hazards and assess and manage them systematically.

Keep reading to learn about a cyber-security framework and the seven steps of implementing it effectively.

Role of the Cyber Security Framework

A cyber security framework is a set of practices or processes that a business follows to protect its data and systems against cyber-attacks. Nowadays, there are many types of frameworks, and a company only needs to pick the most suitable for its unique needs.

The ideal cyber security framework should provide a comprehensive approach that a company follows to prevent cyber-attacks. It should incorporate secure cloud computing practices encompassing different training initiatives for the company personnel. The right cybersecurity framework should help you achieve the following in your organization:

Identify potential cyber-attacks and other security threats
Protects your confidential data systems
Detect security threats as they arise and respond accordingly
Easily recover from any threats your business may face

How to Implement Cyber-Security Framework in Seven Steps

Here are seven general steps your company may take to implement a cyber-security framework successfully.

1. Assess the Current Situation

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Start the process by assessing your business’s current cyber security condition to know what to do. Determine the condition of your systems and their vulnerability to cyber-attacks. Check your response plan to cyber-attacks to see if it’s satisfactory, and check in with the employees to understand their preparedness and knowledge regarding cyber risks.

Identify any gaps in your business that put your data and systems at risk of extortion by cyber attackers.

2. Set goals

Now that you know your business’s current situation, the next step is to set your goals and objectives. What do you want to achieve, and what areas in your firm are the most vulnerable? What is the tolerance level of your firm, and which areas need the most protection? Finding answers to these questions will guide you into setting reasonable goals that will put your business into the level of security you want.

Ensure everyone in the firm is involved in setting the goals so that they can help in achieving them.

3. Create a Profile

All cyber security frameworks have general guidelines designed to fit the needs of different industries. How you apply the framework to your company may differ from how your competitors do it.

Therefore, it’s important to create a profile that outlines your business’s unique needs and how the framework will help solve them. Cyber security frameworks come with profile tires, which you apply progressively from tier one to the last one. Be keen on the creation to ensure you create a profile that addresses your cyber security needs.

4. Conduct a Risk Assessment

Assess potential risks in your business and reduce their likelihood of happening. Also, come up with current risk management strategies that you will apply to ensure such risks are mitigated as soon as they appear and won’t crawl your business operations. For the assessments, you may apply penetration testing and vulnerability scan methods.

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5. Create a Target Profile

A target profile discusses a company’s desired cyber security outcomes based on its goals, objectives, and the risk assessment process. It simply shows what the company’s cyber security plan should look like. The target profile should be realistic and clearly show the firm’s aims regarding cybersecurity in the next few months after implementation.

6. Implement the Action Plan

You can implement the framework with a clear picture of your goals and expectations. Here are a few strategies that you may use when executing the plan on your cyber security framework:

Implement new security measures – install new software, add access controls, and even install intrusion detection systems, which will enable you to know where there is a cybersecurity threat in your business.

Update existing systems –update old systems and software to newer versions because old versions may no longer be effective. Strengthen the old passwords and add more encryption protocols to the old ones.

Creating a response plan- a response plan is vital because you never know when a cyber-attack will happen. Come up with a robust response plan and let everyone in the business know their role in responding to cyber-related incidents.

7. Monitor

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A cybersecurity process doesn’t end at implementation. You still have to monitor the plans to know if they are working. The monitoring process ensures successful implementation efforts and helps detect any loopholes needing changes. You can either use manual processes or automated tools to monitor the systems. Key performance metrics that you may apply to monitor the implementation include:

Assessing the level of awareness among the employees
Tracking the number of attacks you have had and how you have solved them
The average time you’ve taken to mitigate any attacks
Time taken to detect a breach

Conclusion

Due to the global rise of cyber-attacks, setting up a cyber-security framework is paramount to business. The framework provides a well-thought-out plan for protecting a company’s data, information systems, and infrastructure. It helps businesses detect, assess, and assess attacks quickly.

To successfully implement the framework, assess your business’s current cyber security status and set goals. Assess risks, create a profile, and implement the plan. Keep monitoring it and taking the right corrective measures.