Our cyber security products span from our next gen SIEM used in the most secure government and critical infrastructure environments, to automated cyber risk reporting applications for commercial and government organisations of all sizes.
As a decision-maker within your organisation, you may be familiar with the cyber security and risk mitigation strategies recommended by the UK’s National Cyber Security Centre (NCSC) & the US Department of Commerce’s National Institute of Standards & Technology (NIST), to help organisations protect their systems against ransomware and cyber threats more generally.
If you’ve had to reset your password from your favourite phrase to a combination of letters, numbers and characters that are hard to remember, or if you are required to use an Authenticator app to gain access to files or parts of your system, then your team has potentially already implemented at least some of the suggested security mitigation strategies.
Question 1: Have your teams implemented any or all of the NSCS or NIST guidelines, to protect your Microsoft Windows-based connected networks and systems? How do you have ongoing assurance of this?
It might seem like a question for your IT team, but this question is now also directed to your executives, board, risk managers and any others involved in the renewal of your cyber-insurance policy in the coming 12 months.
The likelihood of cyber-attack and the potential costs to organisations associated with such an attack has risen considerably in the last little while, and the style of attack varies too. This means that organisations need to demonstrate a range of prevention, containment and recovery steps as a part of their risk controls.
In order to consolidate and use the guidance from these global thought-leaders, we have distilled the NCSC & NIST guidance advice down to 12 Safeguards that are key to supporting organisations to assess ransomware readiness, inform risk management activities and act as a set of highly effective baseline cyber security controls.
Quick read: 12 Safeguards aligned with UK NCSC & US NIST guidance
No single cyber security control can protect against every situation. The cyber security concept of defence-in-depth anticipates multiple independent security controls operating in concert to protect you across the attack sequence. Ransomware readiness or resistance is best achieved when the effectiveness of these security controls is maintained across each phase of an attack. This applies equally to other attack types.
The NCSC and NIST security control guidance can be categorised into the cyber-attack sequence of Prevention, Containment and Recovery. In order to support organisations to implement this advice, Huntsman Security’s 12 safeguards (integrated into the SmartCheck software application), assess key control effectiveness across these three attack phases.
A single point solution, such as Multi-Factor Authentication (MFA) or simply strengthening your password strategies, is not enough. Because a single point solution can represent a single point of failure, NCSC and NIST guidance seek to address the concept of Defence-in-Depth. By monitoring the effectiveness of multiple strategies, data-driven assessment can provide significantly better visibility and improved quality of information about your cyber security posture (at each phase).
In looking at the Cyber Security Breaches Survey 2022 results from the UK Government, it is evident that there are a range of ways that UK organisations are being targeted, and so there needs to be a more comprehensive approach to defend and protect their data and systems, and ultimately their product & service delivery to customers.
The next steps for your executive, board, and risk teams are to firstly determine the extent to which you have implemented this powerful set of 12 risk mitigation strategies, and secondly, to regularly assess the operating efficiency of each of those controls.
Question 2: Did you know that reporting on your organisation’s implementation of a cyber risk governance framework can support cyber insurance renewal? Did you know that it’s now a tool that underwriters can use to evidence your cyber maturity?
As ransomware and cyber risks increase, it is recommended that organisations get ahead of the onerous reinsurance process – now starting 2 to 3 months before their current policy ends.
Huntsman Security’s Insurance Renewal Initial Report driven by the SmartCheck software application, streamlines the process of IT risk assessment or posture measurement for organisations, as it aligns directly to the NCSC & NIST guidelines, and with its accurate measurement and simple dashboard, it identifies vulnerabilities that might leave your entire organisation at risk.
With security gaps highlighted via a SmartCheck assessment, your in-house ICT team can remediate against the “to-do” list provided, and if required, re-audit your environment to quantify and verify any cyber posture improvement that might improve your insurance terms.
This new step in insurance coverage is valuable for any organisation that prioritises cyber insurance as a risk-control, and now seeks quantifiable data to verify its cyber posture, to:
As cyber risks increase, organisations are encountering the longer life cycle of insurance renewals and the need to demonstrate better management of security controls and their effectiveness.Read more
Highlights and insights from the recent Managed Services Summit in London & the ISACA Central Chapter Conference on Digital Trust, in Birmingham, UK. With two recent conferences in the space of three days, some interesting challenges were very evident in the topics discussed. Being very different events, the challenges were quite different, but interestingly they […]Read more
In early August 2023, the latest joint advisory on persistent vulnerabilities was issued by the intelligence and security agencies of the “Five-eyes” community. These joint advisories are becoming more common. Perhaps recognising the growing importance of shared security information and the common nature of many of the threats faced – the weight they carry makes […]Read more
The quality of your risk assessment and the security information it provides is important; if you plan to use it to actively manage your operational and cyber resilience activities. Organisations are constantly exposed to a rapidly changing threat environment, so you really need a similarly rapid evidence-based feedback system that informs you of the ongoing […]Read more
The UK market has its own regulators, security standards and challenges. And while rulings from SEC in the US or the Australian Prudential Regulation Authority (APRA) in Australia don’t apply to UK companies, for the most part, the observations are undoubtedly relevant and the resulting advice instructive. It would be wrong to think UK financial […]Read more
<<< Part 2a: Australia’s Essential Eight: Beyond Endpoint Control <<< Part 2b: Activating UK NCSC & US NIST Guidelines: Beyond Endpoint Control Part 4: Systematic Measurement of Cyber Controls >>> As much as we invest into cyber security controls, external threats are inevitable. In a recent Notifiable Data Breaches Report from the Office of the […]Read more
Keen campers, scouts and even the Swiss Army know – that a good penknife is indispensable. This simple device has mitigated many a disaster at one point in time or another. Whether it’s to cut through a bit of string, tighten a screw or simply to solve the problem of no bottle opener in the […]Read more
Supply chain risk is an area of cyber security that demands the ongoing attention of every enterprise; because it can make the difference between being resilient or not. It’s no surprise that insurers warn that the vulnerability of supply chains is potentially a systemic risk that can quickly propagate across supply chain dominated industries. Organisations […]Read more
It took a “tripartite cyber assessment” by the Australian Prudential Regulation Authority (APRA) to identify that a sample of financial organisations had inadequate cyber security: poor security control management, a lack of business recovery planning and inadequate 3rd party risk assessment. Why were there gaps? Where is the failure? Clearly the common practice of unsubstantiated […]Read more
The discussion over data-driven vs qualitative cyber security assessment has been going for some time. Nowadays, it is at the top of the priority list for many security and senior executive teams. Managing cyber security has always been a noble ambition but without reliable measurement, the lack of actionable information makes evidence-based management decisions almost […]Read more
Read by directors, executives, and security professionals globally, operating in the most complex of security environments.