In today's digital age, cybersecurity is a critical concern for organizations of all sizes in the technology and life sciences industries. Cyberthreats are becoming more sophisticated and frequent, and organizations must take proactive steps to protect their sensitive data and systems from cyberattacks.

This begins with understanding the current state of their cybersecurity. One of the most effective ways to baseline an organization’s cybersecurity posture is through a cybersecurity assessment. This assessment evaluates cybersecurity policies, procedures, and systems. It’s designed to identify gaps in an organization’s cybersecurity defenses and provide recommendations for improving the overall security posture.

Explore how conducting regular cybersecurity assessments helps can help your organization track progress against priorities, stay ahead of the evolving cyberthreat landscape, and protect the business and customers from cyberattacks.

5 Benefits of a Cybersecurity Assessment

Technology and life sciences companies can achieve several benefits through conducting a cybersecurity assessment.

Establish a Baseline

A cybersecurity assessment can help set the starting point for an organization. By defining the baseline, organizations can develop a roadmap to prioritize investment areas that provide the greatest return on increasing its cybersecurity posture.

Annual reviews allow for plans to be updated based on changing business needs and to track progress against the roadmap.

Improve Cybersecurity Posture

A cybersecurity assessment can help companies improve their overall cybersecurity posture by identifying areas where improvements can be made.

This includes enhancing policies and procedures, implementing controls, and deploying security software.

Meet Regulatory Requirements

Many technology and life sciences organizations are subject to regulatory requirements related to cybersecurity. For example, public companies are required to disclose how they assess and manage cybersecurity risk.

A cybersecurity assessment can help organizations feel confident that they are meeting these regulatory requirements and avoid potential fines and legal liabilities.

Reduce the Risk of Data Breaches

Data breaches can be costly and damaging to an organization’s reputation. A cybersecurity assessment can help companies identify areas where they are at risk of a data breach and take steps to reduce that risk.

This includes implementing stronger access controls, encrypting sensitive data, and monitoring network activity for signs of a breach.

Increase Customer Trust

Customers are increasingly concerned about the security of their data and are more likely to do business with organizations that take cybersecurity seriously.

By conducting a cybersecurity assessment and implementing improvements, organizations can demonstrate their commitment to protecting customer data and increase customer trust.

We’re Here to Help

To learn more about how your business can benefit from a cybersecurity assessment, contact your Moss Adams professional.

Additional Resources

• Technology Practice
• Cybersecurity Services