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How To Include Cybersecurity In Your Annual Budget In 2020-2021

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Last year we delivered a joint workshop with the Cyber Resilience Unit in the Scottish Government, outlining why all business need to be more aware of cybersecurity as part of their business continuity plan. Overwhelming feedback was that both agenda’s and budget need to be aligned by SMEs for a digital era.

We want to emphasise the reasons why every business should be putting cybersecurity at the top of their to-do lists, and the relevant budget considerations as many of you prepare your 2020-2021 budget.

Questions to ask?

What position does cyber security come in at on your current list of considerations for budgeting?

Does it include training, accreditation, testing, software, IT and Board education?

Although security should be at the very top of our priorities, it is often found much further down the list. It is for this reason, unfortunately, that cyber incidents frequently occur further along the line.

These risks are avoidable more often than not, so we’ve put together the top 3 most important services you should budget for:

GDPR Gap Analysis

A GDPR Gap Analysis will help you to identify the gaps in your current security framework. Significantly it will also evidence to the ICO steps you have taken to minimise risk should you hit breach. This can vastly reduce any fines incurred. All businesses have been obliged to be GDPR compliant since 2018, meaning that all data needs to be gathered legally and under strict regulations. However, not all businesses have managed to comply with the new rules, and most have drifted as ongoing focus on it is not being upheld.

A professional consultant from Net-Defence will perform a gap analysis. Depending on the business, the initial process usually takes 2 or 3 days. A remediation process will then follow, ensuring a holistic approach is taken to handling security in your business.

Cyber Essentials Accreditation

Gaining a Cyber Essentials accreditation will demonstrate that your organisation is serious about protecting all of your employees, customers and suppliers’ data.

There are five key pre-accreditation steps it is necessary to take before you qualify for a certification But the process doesn’t have to be complicated – we can help you simplify the preparation time.

We understand that the Cyber Essentials accreditation is edging further up most businesses to-do list. Many now need it within the supply chain for public and private sector work. We are on hand to make sure that it makes it to the top in 2020:

The deadline for the Cyber Essentials Voucher Scheme (Scotland only)  expires in March, so make sure you apply in time.

Board workshop digital governance

We believe that boardroom-led security needs urgent addressing, the IOD agrees. Thanks to the ever-growing number of sophisticated hacking techniques, a surge of new vulnerabilities has left many businesses open to attack. As a result, they are unsure of the next steps to take.

The key way to do this is to develop an effective decision-making framework. A survey by Deloitte revealed that around 30% of C-Suite Executives cited difficulty with prioritising risks across their organisation.

By taking our workshops on digital governance into the boardroom, we  educate C-Suite executives to take action on the most important components of their business continuity plan.

We hope this three-point summary has given you a clearer idea of the areas your business needs to focus on.

Call us on 0330 024 1666 or submit your details here to find out how we can help you with any of these services.