Three reasons why your organisation should consider a security audit

March 21, 2013

A security audit evaluation is a great way for your organisation to determine any areas where it might potentially be vulnerable to a cyberattack.

Of course, as with any investment, many businesses will look to weigh up the opportunity cost of taking this measure well in advance of contacting a security auditing service.

The truth is that a security audit is simply an invaluable investment for a number of reasons. Here are just three of the biggest factors which highlight why your organisation should consider a security audit in 2013.

A security breach will cost your enterprise business

There's no doubt about it: a highly publicised data breach incident can be hugely detrimental to the overall strength of your organisation.

This is because consumers today are growing increasingly aware of the importance of good cyber security and the value of information privacy.

People are therefore going to be far less likely to want to do business with an enterprise which is seen as having undervalued the importance of strong vulnerability management .

Furthermore, poor cybersecurity can make it difficult for your organisation to interact with other enterprises and professionals.

A study published by HBGary earlier this year found that 80 per cent of US-based investors will be less likely to consider investing with a company that has a history of cybersecurity incidents – highlighting just how far reaching the consequences of poor cybersecurity can be.

Cybercriminals are growing more creative

The battle against cybercrime is a constantly evolving one, in which both parties are always on the lookout for new methods and techniques to outsmart the other and gain the upper hand.

As security experts and organisations aim to improve their own security levels and mitigate existing vulnerabilities, cybercriminals are constantly hunting for innovative methods of gaining access to confidential information.

This is why even organisations which have invested significantly in cybersecurity in the past can often benefit from a security audit evaluation, which will identify any vulnerabilities that may have arisen due to recent technological developments.

Everyone is vulnerable to cybercrime

Some organisations believe that they are too small or too insignificant to be targeted by cybercriminals – however this is a mistake.

The truth is that cybercriminals will focus on any organisation which they see as being vulnerable to attack, and because smaller enterprises often undervalue cybersecurity, they can sometimes serve as the ideal target.

Alternatively, other enterprises might think that they are in a sector that is not particularly vulnerable to cybercrime.

This too is a misconception, as the recent Trustwave Global Security Report found that cybercrime incidents have occurred in industries ranging from retail to financial to the public sector and even the food and beverage industry over the latest year.

For that reason, any organisation – regardless of size or industry – should aim to ensure that it is fully mitigating the threat of a cyberattack and doing everything it can to keep the information of customers and employees safe.

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