The Rea Report Spring/Summer 2021 | Page 4

Cybersecurity
: All The Things
You Should Know
DO YOU KNOW HOW MUCH MONEY A CYBER ATTACK COULD COST YOU ? ai

LL THE THINGS

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Cybersecurity

SHOULD

: All The Things

KNOW

You Should Know

ALL THE THINGS

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YOU SHOULD KNOW

The purpose of this article is not to scare you . Instead of fearing the worst , consider how you can become more proactive when it comes to protecting your business and the information you collect . One way to go beyond simply assessing and strengthening your business ’ s cybersecurity efforts is to integrate a cybersecurity maturity model into your practices . Such a model can help ensure that your company has taken all necessary precautions and steps to mitigate a cyber attack .
A proactive cybersecurity strategy is your best bet at mitigating your cyber risks . The first step in your strategy is to undergo a security risk assessment and monetarily quantify your current IT risk . A security risk assessment will help you determine – beyond hardware and software tools – what you can stand to lose financially if you were to become a victim of cybercrime . Next , start weaving cybersecurity best practices into the fabric of your business . Read on for additional tips and insight .
Go Beyond Just ‘ Strengthening ’ Your Cybersecurity Efforts
Citing a 2018 report by insurance provider , Hiscox , Nerd Wallet states only 52 percent of small businesses have a cybersecurity strategy in place even though the threat of a cyber attack continues to grow .
The U . S . Department of Defense ( DoD ) has developed the Cybersecurity Maturity Model Certification ( CMMC ) as the new standard for cybersecurity controls within the manufacturing and construction industries , as well as local government entities . This certification process provides assurance to the DoD that the company is equipped to protect sensitive unclassified information , including any data that may be transferred between vendors and partners . Of course , securing this level of certification isn ’ t easy .

Rea & Associates was recently named a Registered Provider Organization for CMMC , a distinction that pertains to fewer than 300 organizations , and several members of the firm ’ s cyber team are considered Certified Registered Practitioners . a bright idea

DO YOU KNOW HOW MUCH MONEY A CYBER ATTACK COULD COST YOU ? ai
Estimate your potential loss by checking out Rea ’ s disruption calculator here : http :// www . reacpa . com / service / cybersecurity /

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Cybersecurity Maturity As A Part Of Your Business Culture
One telling sign that your company possesses cybersecurity maturity is whether cybersecurity practices have permeated every aspect of your business culture . If you understand and apply cybersecurity practices and set the correct “ tone at the top ” when it comes to respecting cybersecurity risks , you ’ re on your way to attaining cybersecurity maturity . The next step is to ensure that all of your employees are aware of proper cybersecurity practices . This can be done by training employees as soon as they are hired with additional training annually . Don ’ t make the mistake of thinking a specific subset of employees , such as those who don ’ t work with computers on a daily basis , may not need cybersecurity training . These individuals are also at risk of falling for social engineering tactics that are often used by clever hackers who are known to show up at your physical location .
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