Bridge Updates

Final Call: Trading Online Voucher Scheme Closing Soon!

Time is running out for micro-enterprises to avail of funding through the Trading Online Voucher Scheme. This initiative offers grants of up to €2,500 (or 50% of eligible costs) to support businesses in enhancing their online presence or digital strategy.

Key Details:

• Closing Date: 5 PM, Friday, 13th December 2024
• Only fully completed applications submitted by the deadline will be considered.

Eligibility Criteria:

• Businesses with fewer than 10 employees
• Annual turnover under €2 million
• Trading for at least six months
• Located within a participating Local Enterprise Office area

Ineligible Projects:

• Businesses with charitable status, large-scale operations, or certain excluded NACE codes are not eligible.

Don’t miss this final opportunity to secure funding for your business’s digital growth. Visit your Local Enterprise Office website to learn more and apply now!

 

Performing a Cyber Security Audit and Establishing a Policy

Digital threats are continually evolving, which is why performing a cyber security audit and establishing a comprehensive cyber security policy is crucial for protecting your organisation’s data and systems. Here’s a guide on how to conduct a thorough cyber security audit and create a robust cyber security policy.

Performing a Cyber Security Audit

A cyber security audit evaluates your organisation’s IT infrastructure to identify vulnerabilities, assess security controls, and ensure compliance with relevant regulations.

1. Define the Scope Start by defining the scope of the audit. Determine which systems, networks, and data will be evaluated. This step is essential to ensure that all critical assets are covered and resources are allocated efficiently.

2. Gather Information Collect relevant information about the IT environment, including hardware, software, network architecture, and existing security policies. This data collection can be achieved through interviews, questionnaires, and reviewing documentation.

3. Identify Threats and Vulnerabilities Utilise tools like vulnerability scanners, intrusion detection systems, and penetration testing to identify potential threats and vulnerabilities. Pay attention to outdated software, weak passwords, and misconfigured systems, as these are common entry points for attackers.

4. Assess Security Controls Evaluate the effectiveness of current security controls. This involves reviewing firewall configurations, antivirus software, encryption methods, and access controls. Ensure that these measures align with best practices and are up-to-date.

5. Analyse Compliance Check compliance with relevant regulations and standards such as GDPR, ISO 27001, and PCI-DSS. Non-compliance can lead to legal issues and hefty fines, so it’s crucial to ensure that your organisation meets all necessary requirements.

6. Report Findings Document the findings of the audit in a comprehensive report. Include details of identified vulnerabilities, the potential impact of these vulnerabilities, and recommendations for remediation. This report should be understandable to both technical staff and management.

7. Remediate and Follow Up Develop a plan to address the identified issues. This might include patching software, updating security policies, and improving user training. After implementing these measures, conduct follow-up audits to ensure that vulnerabilities have been effectively mitigated.

Setting a Comprehensive Cyber Security Policy

A cyber security policy is a formal set of rules and guidelines that defines how your organisation will protect its information systems and data.

1. Define Objectives and Scope Outline the objectives of the cyber security policy. These objectives might include protecting sensitive data, ensuring compliance, and preventing cyber attacks. Define the scope of the policy, specifying which assets, users, and activities it covers.

2. Establish Roles and Responsibilities Assign roles and responsibilities for cyber security within the organisation. This includes designating a Chief Information Security Officer (CISO), IT administrators, and end-users. Clear definitions of responsibilities help ensure accountability and effective policy implementation.

3. Develop Security Procedures Create detailed security procedures for various aspects of IT security, including:

• Access Control: Define how access to systems and data is granted, managed, and revoked.
• Data Protection: Outline methods for protecting data at rest and in transit, including encryption and backup procedures.
• Incident Response: Develop a plan for responding to security incidents, including detection, containment, eradication, and recovery steps.
• User Training: Implement a training programme to educate employees about security best practices, social engineering threats, and safe online behaviour.

4. Implement Technical Controls Ensure that technical controls are in place to enforce the policy. This includes firewalls, antivirus software, intrusion detection systems, and multi-factor authentication. Regularly update these controls to protect against new threats.

5. Regular Audits and Reviews Regularly audit and review the cyber security policy to ensure it remains effective and up-to-date. This includes periodic vulnerability assessments, penetration testing, and policy reviews to adapt to evolving threats and changes in the IT environment.

6. Communicate the Policy Effectively communicate the policy to all employees and stakeholders. Ensure that everyone understands their role in maintaining cyber security and the importance of adhering to the policy.

7. Continuous Improvement Cyber security is an ongoing process. Continually improve the policy by incorporating lessons learned from past incidents, staying informed about new threats, and adopting emerging security technologies.

By performing regular cyber security audits and establishing a comprehensive cyber security policy, organisations can significantly reduce their risk of cyber attacks and ensure the integrity, confidentiality, and availability of their data.

 

Template

To help you get started, we have created this Cyber Security Policy Template which can be customised further based on the specific needs of your business.

 

Grant Support – Enterprise Ireland’s Cyber Security Review Grant

If you’d like some professional assistance in this area, and are a member of Enterprise Ireland (EI), EI offers a Cyber Security Review grant, designed to help your company identify and address vulnerabilities within your IT systems. This grant provides financial support for expert-led security audits, enabling your business to enhance its cyber resilience and safeguard critical data. More information is available here.

 

As always, consult a professional for advice.

 

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