Intelligent CISO Issue 08 | Page 42

E R T N P X E INIO OP exploited by cyberattackers. Likewise, poorly secured laptops, mobiles and other endpoint devices frequently provide an easy attack route, so any device that can access the Internet must be factored in. Looking beyond the business Security should never be assessed in a vacuum and any assessment must include external elements to be truly accurate. Monitoring conversations on underground hacker forums for example can reveal if a specific organisation and its IPs are being discussed as potential targets. The development of new malware relating to systems used by an organisation can influence its security rating. Closely monitoring both open and closed sources can also reveal if a company’s sensitive information has been exposed as part of a data breach or leak. Data can then be mapped back to the organisation to determine whether it is likely to influence further incidents. Furthermore, a security rating extends beyond the organisation to include suppliers, partners and any other company that the organisation is connected with. Whereas the cost of cyberattacks continually decreases due to readily available tooling, cybercriminals can just as easily attack smaller and less well-equipped companies to exploit their connections to larger targets, so the entire supply chain should be assessed for crucial risk factors as well. What does a security score represent? Much like their financial equivalent, a security rating can be an important indication of how safe it is to do business with an organisation. A good score can be a valuable competitive advantage for securing new customers and partners, while a poor score can be a liability that costs business. It should be noted that companies can conduct 42 The cybersecurity landscape has evolved rapidly in recent years and while security ratings are still an emerging standard now, they will soon become as commonly used as credit ratings. non-intrusive analysis on others, for example assessing the reputation of its IP address and vulnerability to social engineering, in addition to hacker chatter and leaked credentials. As cybersecurity continues to grow in importance, a prospective supplier or partner’s security score will be just as influential as its credit score. Companies which are shown to have poor security will begin to lose business in the same way as those that have a reputation for being financially risky. A security score and the accompanying reports and advice can also have a number of benefits across the company. Getting attention in the boardroom While the continued spate of high-level data breaches has helped to elevate the discussion of cyberthreats, security is still all-too-often neglected at board level. Even for the most diligent CISO, demonstrating the return on investment for cyberspending can be a constant struggle. The result of a good security programme is the absence of a security incident, which usually makes for less compelling proof than things like increased productivity and profitability. Security ratings can help to change this by making cyberthreats a more tangible, visible issue as well as by demonstrating an ROI on ongoing security investment. An assessment can be used to produce a report card which outlines the company’s security posture and highlights its strengths and weaknesses. A good security rating will reinforce the value the CISO and security teams are bringing to the company and further reinforce argumentation for more investment and strategic focus. Due diligence with partners and customers As well as helping to improve the company’s approach to security, security ratings can lead to more efficient and thorough diligence when dealing with third parties. As mentioned, Issue 08 | www.intelligentciso.com