Cybersecurity plays a major role in safeguarding organizations against an ever-evolving array of cyber threats. Services such as cybersecurity consulting help organizations to identify vulnerabilities, develop robust security strategies, and ensure compliance with any standards and best practices. Cybersecurity is an organization’s fundamental building block of defenses and protection of sensitive data from unauthorized access and breaches.
What Are the Threats Organizations Face Without Cybersecurity?
With the absence of security measures, business entities are exposed to a plethora of threats that can result in significant financial losses, reputational damage, and operational disruptions. Inadequate security measures risks exposure to the deployment of malware by cyber criminals, ransomware attacks, and many other attacks.
Common Types of Cybersecurity Threats
- Denial of Service (DoS) attacks
- Phishing attacks
- Ransomware
How Does an Entity Setup Cybersecurity Controls?
- Firewalls
- Encryption Protocols
- Incident Response Planning
- Employee Training
- Intrusion prevention and Detection Systems
Are There Any Cybersecurity Regulatory Mandates in Kuwait?
In Kuwait, the banking sector is subject to regulatory compliance from the Central Bank of Kuwait (CBK). On July 11, 2019, the CBK issued an announcement mandating all banks in Kuwait to be ISO 27001 certified which secures Information Security Management systems. This initiative underscores the importance of implementing internationally recognized information security standards, ensuring that financial institutions give great importance to the protection of sensitive data and reinforce their cybersecurity frameworks.
What is The Added Value of Enforcing Cybersecurity Controls?
- Enhancing overall security posture
- Protection of sensitive information
- Minimizing risk of cyber risk incidents
Why Baker Tilly?
- Dedicated team with seasoned professionals in cybersecurity
- Technical proficiency with deep understanding of industry specific challenges
- Helping clients achieve lasting resilience against evolving threats