SECURITY ASSESSMENTS

A 2023 report issued by IBM identified that only one-third of data breaches were identified by internal company security, while a staggering 27% were disclosed by the attacker themself. Our security assessments seek to identify vulnerabilities in your systems that may be exploited as part of a cyberattack. Our assessment results will provide you with:

  • Recommended actions to ensure that your confidential data remains confidential

  • Provide you with the ability to stop more attacks, as well as enhance your ability to quickly identify an attack when one occurs.

  • Reduce the impact of a cybersecurity attack.

Protect Your Organization from Cyber Threats with Our Tailored Security Assessments

While cyber criminals target organizations of all sizes, small and medium sized businesses are especially vulnerable due to the perceived lack of sophisticated security measures implemented by these organizations. Protecting sensitive data, including personally identifiable information and confidential data, is crucial in ensuring your compliance with regulatory requirements, protecting the reputation of your brand, and avoiding the costs associated with a cybersecurity incident.

Why Cybersecurity Matters For ALL Organizations

A report from Cybersecurity Ventures projects that 43% of cyberattacks will target small enterprises in 2025. IBM’s ‘Cost of a Data Breach’ report, which was issued in 2023, estimated that the average cost of a data breach for small businesses was $3.86 million. This could be the difference between staying in business or being forced to close your doors. Beyond the financial impact associated with a cybersecurity attack, an attack also erodes the trust you've built with your stakeholders.

  • Small- and medium-sized businesses are increasingly becoming targets of cyberattacks

  • Rising cost of data breaches, including fines resulting associated with non-compliance with regulatory requirements.

  • Erosion of stakeholder trust

Regulatory Compliance

Many organizations are subject to regulations requiring specific security capabilities to protect their sensitive information. Examples of these regulatory requirements are private schools adherence to FERPA, organizations using personally identifiable data from the EU must comply with GDPR, organizations that process credit cards must comply with PCI requirements and healthcare and public health organizations must comply with HIPAA. Non-compliance with these regulations can result in hefty fines.

  • Rapidly changing regulatory landscape

  • Increased fines associated with regulatory non-compliance

  • Issuance of US Executive Orders on improving the nation’s cybersecurity

  • Recent updates to HIPAA requirements, making compliance more challenging for smaller health facilities and clinics

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Malcom Risk Advisors offers tailored Security Assessments to organizations of all sizes. As your cybersecurity partner, we will work with you to scope the assessment based on the risks that are most critical to your organization. This bespoke approach ensures comprehensive risk coverage, without incurring unnecessary expenses associated with standard, checklist-driven assessments offered by most consulting companies.

  • Identify and assess current security capabilities and security posture.

  • Based on the outputs of the assessment, we will provide recommendations for process enhancements and cybersecurity investments that will strengthen your company’s ability to stay resilient when faced with a cyber attack.

  • Your assessments are performed by subject matter experts who possess decades of experience working at some of the largest consulting firms in the world. Your business obtains access to these same experts, without paying the large price tags that accompany working with the big consulting firms.

Security Assessments

Get Started with Malcom Risk Advisors

Contact us now to gain assurance of the controls in place to protect your technical assets and data and to identify points of weakness. Our Security Assessments are tailored to your specific needs and risks.