5 Steps to Implement Vulnerability Management into your Business
Discover how you can implement vulnerability management into your business with our useful guide.
Within the past year, the UK Government reported a third of charities had experienced a cyber security attack or breach. With the cost to recover from said attacks averaging at over £10,000 for charities, it provides cause for concern and defines a clear need for cyber security defences within charitable organisations.
Taking into consideration the financial recovery costs associated with a cyber attack for charities but also the protection of data and overall reputation, now is the best time to invest in cyber security solutions that suit your charity/not-for-profit requirements.
The cyber threat landscape is constantly evolving, and each organisation and individual has their own cyber threat landscapes; therefore, it requires bespoke identification through comprehensive research and assessments, to then find the right solution to combat.
Charities are at an increased risk of cyber attacks carried out through methods of phishing (80%+ of charities reported experiencing a phishing attack in the last 12 months), social engineering (nearly 40% of charities experienced social engineering) and almost 15% of charities reported methods of malware and viruses.
Charities are often restricted regarding resources available, with teams working across multiple functions of the organisation and many part-time and volunteer-based employees, there is rarely one person dedicated to the function of IT and cyber security. This stretch of resources can see vulnerabilities in cyber defences as time may be viewed as more valuable spent on the core mission of the charity such as fundraising efforts.
The same perception can be applied to budgets, whereby spending is carefully calculated for charitable organisations, with little left to dedicate to cyber security solutions. Furthermore, charities with minimal funds may be at a higher risk of cyber attack as it will be known the effects will be more detrimental surrounding recovery, obtaining insurance, ICO fines (Information Commissioner's Office) and more.
Most charities hold personal information perhaps for both those they seek to help/serve and donors to the charity. Such data is an attractive quality for cyber attackers who can seek to disrupt charities, holding them to ransom threats.
Enlisting an MSP (Managed Service Provider) to help navigate your cyber threat landscape, advise and provide cyber security solutions as a charity has its benefits...
Technical teams within MSPs such as ITRM are not only award-winning and highly qualified but are quite literally experts in their field. With over 25 years of experience serving London, the Southeast and surrounding home counties, ITRM’s team can provide the expertise and resources top-up that charities often lack or are stretched for and, at a more accessible cost. Furthermore, as an MSP can provide a variety of IT services from IT support to cyber security, charities can benefit from the cost-effectiveness of having both support services under one roof. With this, MSPs can work with charities to understand requirements and package bespoke solutions to suit – this ensures your multi-layered security solutions are specifically targeted to your cyber threat landscape.
In today’s increasingly digital world, becoming victim of a cyber attack is only a matter of time and charities are not excluded from the list of targets. With the sensitive data held and overall nature of charitable organisations, it is increasingly important to adopt robust cyber security solutions to ensure protection from cyber attacks to ensure you continue to operate and deliver your mission.
If you are a charitable organisation and are not sure on where to start regarding implementing cyber security, contact our team of experts for guidance today.
Discover how you can implement vulnerability management into your business with our useful guide.
Determining the level of investment in cyber security can be challenging as the cyber threat landscape continually expands. We explore the different factors to consider when investing in cyber security solutions...
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