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New service helps UK SMEs implement government’s cyber risk guidance

07/05/2013

IT Governance, the global leader in IT governance, risk management and compliance expertise, is launching the UK’s first expert service to assess cyber security risks for small- and medium-sized enterprises (SMEs).
 
According to the 2013 Information Security Breaches Survey commissioned by the UK’s Department for Business, Innovation and Skills, UK businesses are losing up to 6% of their turnover to cyberattacks, with some breaches thought to cause more than £1 million of damage.
 
Given the increasing cyberattacks on SMEs over the past year, IT Governance’s new Cyber Security Risk Assessment is dedicated to providing these organisations with the straightforward but crucial steps they need to take to defend themselves.

Alan Calder, Chief Executive of IT Governance, says: “The UK government has just identified that, although many businesses have information security high up their agendas, and suffer regular and costly cyber breaches, to date very few have managed to take effective action. This is not surprising: few organisations, especially those which are smaller in scale, have the internal skills and competence to identify, assess and remedy cyber security risks.

“For most SMEs, training their staff to the level necessary to safeguard against cyberattack would take years of investment and effort. In addition, while initiatives such as the government’s extension of innovation vouchers to cover cyber security are a welcome step, they are unfortunately limited and infrequent. The UK’s SMEs cannot afford to wait: action is needed now.”
 
IT Governance’s Cyber Security Risk Assessment provides organisations with a no-nonsense, practical assessment of the gap between the minimum recommended security stance established by the UK’s Cyber-security Framework for Business and companies’ actual stance, creating an immediately actionable plan which helps improve cyber defences. IT Governance’s experienced cybersecurity consultants carry out a robust assessment of organisations’ performance in each of the 10 areas detailed by the framework:  
 
  1. Board-led information risk management regime
  2. Secure home and mobile working
  3. User education and awareness
  4. User privilege management
  5. Removable media controls
  6. Activity monitoring
  7. Secure configurations
  8. Malware protection
  9. Network security
  10. Incident Management (in support of organisational cyber-resilience)
 
Stopping around 80% of today’s cyberattacks and building the resilience to cope with the other 20%, a Cyber Security Risk Assessment provides a tailored, immediately usable action plan, transforming day-to-day practice into recognised good practice.

Calder says: “Although we will also be working to help organisations apply for innovation vouchers, we urge the managers of the UK’s small- and  medium-sized businesses to invite specialists to take a dispassionate look at their cyber security stance. Above all, they should establish a clear plan which they can immediately start implementing.”

IT Governance’s Cyber Security Risk Assessment is available for an investment of just £3,000. To find out more, call tel.: 0845 070 1750 or email servicecentre@itgovernance.co.uk.
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