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Cybersecurity Governance and Strategy

The increasing prevalence of Cyber-attacks in the region, particularly ransomware, is leaving organisations more exposed to the significant impacts of a Cybersecurity incident.

The expectations of customers, governments, regulators, investors and other stakeholders are amplifying pressure on organisations to improve their Cybersecurity governance and management structures, increase transparency around disclosures, and demonstrate that Cybersecurity is a priority for organisations’ Boards and executive teams. 

CyBiz supports organisations to develop Cybersecurity Strategies, Policies and Controls which ensure that the principles of Confidentiality, Integrity, Availability and Resilience of organisational data, systems and services are consistent with their organisational risk profile.

Every organisation has a different Cybersecurity context and culture, and an organisation’s Cybersecurity risk profile and appetite varies depending on the organisation’s core function, applicable regulatory requirements, IT infrastructure, critical business systems, and the nature and location of data. 

CyBiz takes the time to understand each client’s organisational context and works with both the Board (or applicable Board Committee) and the executive team to align Cybersecurity and business objectives within their organisation.

We then work to develop, implement or support Cybersecurity governance concepts or frameworks to ensure that Cybersecurity is embedded in management practices, appropriate controls and measures are in place, and there is regular, transparent and appropriate reporting to relevant stakeholders.

Cybersecurity specialists reviewing a cyber attack

Specific Cybersecurity Governance outcomes can include:

  • Creating or reviewing and updating a Cybersecurity strategy. People-centric Cybersecurity principles ensure that employee and user experience, rather than technical considerations alone, are incorporated into the design of an appropriate Cybersecurity strategy, and all of the relevant Cybersecurity policies and controls which flow down from that.
  • Developing detailed Cybersecurity policies, procedures and controls for organisations including Cybersecurity and Data Protection Policies, Privacy Policies, Mandatory Data Breach Reporting Plans, Incident Response Plans 
  • Data audits to map and understand critical data (organisational information and third party personal information) collected, stored and accessed and processes to implement appropriate data governance
  • Workshop to create organisational risk/priority matrix
  • Developing roadmaps, resources and budget as a multi-year plan to improve Cybersecurity maturity and resilience
  • Developing or implementing a compliance framework incorporating appropriate controls, metrics and reporting 
  • Mentoring key personnel
  • Technology review of IT architecture, Cybersecurity tools and solutions
  • Developing a Cybersecurity Governance Playbook