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Developing a Cyber Strategy

Updated: Feb 10, 2023

The cyber strategy outlines your company’s approach to managing cyber risks and achieving specific cyber security objectives.

The following steps will help ensure your cyber strategy is effective and can be implemented successfully:

  1. Identify your company’s critical assets: Understand what information, processes, and systems are most important to the company and what the consequences would be if they were compromised. Consider the services your company delivers, to whom, and how; think about the impact of not being able to serve your customers.

  2. Assess your current security posture: Understand the current state of the company’s security measures, including technologies, processes, and policies. Identify any existing vulnerabilities and gaps in your company’s security posture. Use an industry framework such as NIST CyberSecurity Framework, Critical Security Controls, or ISO27001.

  3. Assess your cyber risks: Identify the potential threats and vulnerabilities that could compromise the company’s critical assets. Assess the likelihood and potential impact of these risks.

  4. Identify and prioritise objectives: Based on the assessment of the company’s critical assets and systems, define clear and measurable cyber security objectives that align with your company’s overall goals and priorities. The cyber strategy should not be defined independently of your company’s business strategy, it should enable it.

  5. Develop an implementation plan: Create a plan of action that outlines the steps and resources required to achieve your company’s cyber security objectives. This should include specific actions, timelines, and responsibilities for implementing and maintaining security controls.

  6. Identify and allocate resources: Allocate the necessary resources, including budget, personnel, and technology, to support the implementation of the cyber strategy.

  7. Continuously monitor & review: Continuously monitor and review the effectiveness of the cyber strategy and make adjustments as necessary. Cyber security is an ongoing process and requires regular review and updating to keep pace with evolving threats and technologies.

  8. Communicate with stakeholders: Communicate the company’s cyber strategy to all relevant stakeholders, including employees, customers, and partners, to ensure they are aware of the measures in place to protect their information.

ICA Consultancy has successfully defined and implemented cyber strategies for companies of various sizes and across various industries. 

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