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Jan 12 2023
vCISO Services – value added benefits of vCISO
Most small-to medium-sized business (SMBs) hiring a CISO may be challenging business decision to find a suitable and affordablee candidate and the impacts of cyber breach to the SMBs can be devastating since many of those businesses are unable to sustain the costs of breach. A vCISO can provide the expertise needed to ensure your information security, privacy programs are succeeding and your company is prepared to assess and analyze an incident, all at cost-effective price.
DISC’s Virtual CISO (vCISO) service assists organizations to design, develop and implement information security programs based on various standards and regulations. We provide professional security services which includes but not limited to leadership team (strategic) but also a support team of security analysts (tactical) to solve distinct cybersecurity challenges to every organization.
Reasons to Consider a Virtual CISO (vCISO)
Expertise covering Industries:
vCISOs work with various clients across industries, opening them to events not attainable to CISOs experience in an isolated industry. The security knowledge gained by a vCISO from each client environment is different which ensures an improved expertise to assess the next organization, which positively impacts on the next client project.
Flexibility in Unique Business Environments:
vCISOs first gain a thorough understanding of each organization’s business model, company culture, risk tolerance, and objectives. From there, they gain an understanding of security risks faced by the organization. With a full view of the security landscape, the vCISO will communicate the findings to help clients make the appropriate security decisions for their environment.
Efficiency with Core Competencies:
A virtual CISO fills will prioritize security findings where organizations need it most. By focusing on cybersecurity strategy and implementation, vCISOs helps internal security team with control understanding and implementation responsibility. This enables both staff and cybersecurity leadership to remain dedicated to their respective core competencies.
Objective Independence:
vCISOs are an independent third party with an objective viewpoint and goals of helping clients make the best security decisions for their business.
Economical:
DISC’s vCISO programs generally cost a fraction of a full-time CISO and supporting security team. According to salary.com report, the average salary for a CISO is $260,000 per year in California. On average, DISC’s vCISO clients pay a fraction of what it would cost to hire an in-house CISO.
Most important skills of vCISO: is to translate between business and IT as a facilitator
vCISO risk remediation solution:
- What is risk to business
- Likelihood of occurrence and what will be the risk to business
- Impact of occurring and what will be the risk to business
- Cost of fixing, implementing or remediating and what will be the residual risk
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Jul 18 2022
Virtual CISOs Are the Best Defense Against Accelerating Cyber-Risks
A poor, permanent hire can be a very expensive error, whereas a mis-hire on a virtual CISO can be rapidly corrected.
The cybersecurity challenges that companies are facing today are vast, multidimensional, and rapidly changing. Exacerbating the issue is the relentless evolution of threat actors and their ability to outmaneuver security controls effortlessly.
As technology races forward, companies without a full-time CISO are struggling to keep pace. For many, finding, attracting, retaining, and affording the level of skills and experience needed is out of reach or simply unrealistic. Enter the virtual CISO (vCISO). These on-demand experts provide security insights to companies on an ongoing basis and help ensure that security teams have the resources they need to be successful.
How a vCISO Works
Typically, an engagement with a vCISO is long lasting, but in a fractional delivery model. This is very different from a project-oriented approach that requires a massive investment and results in a stack of deliverables for the internal team to implement and maintain. A vCISO not only helps to form the approach, define the action plan, and set the road map but, importantly, stays engaged throughout the implementation and well into the ongoing management phases.
The best vCISO engagements are long-term contracts, such as 12 to 24 months. Typically, there’s an upfront effort where the vCISO is more engaged in the first few months to establish an understanding, develop a road map, and create a rhythm with the team. Then, their support drops into a regular pace which can range from two to three days per week or five to ten days per month.
What to Expect From a vCISO
When bringing a vCISO on board, it’s important that person has three key attributes: broad and extensive experience in addressing cybersecurity challenges across many industries; business acumen and the ability to rapidly absorb complex business models and strategies; and knowledge of technology solutions and dynamics that can be explored to meet specific organizational needs.
The first thing a vCISO will focus on is prioritization, beginning with understanding a company’s risks. They will then organize actions that provide the greatest positive influence on mitigating these risks while ensuring sustainability in the program. The goal is to establish a security approach that addresses the greatest risks to the business in a way that has staying power and can provide inherent value to additional downstream controls.
Having extensive experience in the technical space, a vCISO can take into consideration the full spectrum of options — those existing within the business environment, established products and services in the marketplace, and new solutions entering the market. Just within that context, a vCISO can collaborate with the technical team to take advantage of existing solutions and identify enhancements that can further capabilities in a cost-efficient manner.
The Value of a vCISO
One of the most common findings is that companies often have a large portfolio of cybersecurity technology, but very little is fully deployed. Additionally, most tech teams are not leveraging all of the capabilities, much less integrating with other systems to get greater value. Virtual CISOs help companies save money by exploiting existing technical investments that dramatically improve security. And, since the improvement is focused on existing tools, the transition for the IT and security staff is virtually eliminated due to established familiarity with the environment.
Another essential value point of a vCISO is access to an informed and well-balanced view on risk and compliance. While cybersecurity is dominated by technical moving parts, the reality is the board, executive leadership, and management team needs to incorporate cyber-risks and related liabilities into the overall scope of risk across the business at an executive level. In this sense, leadership has a vast array of competing challenges, demands, and risks and some can be even more impactful than cybersecurity.
How to Convince the Executive Team
A CEO is under a constant barrage of challenges, problems, risks, and opportunities. Cybersecurity needs to be part of that formula. If one of the core values of having a vCISO is getting meaningful cyber-risk insights, then trust and confidence in that person is paramount and needs to be established from the beginning.
Another challenge is the team dynamic — at the heart of being a CEO is their success as a leader. Introducing what is essentially a consultant can be an adjustment for the team. It’s important that the vCISO hire fits the culture and can easily integrate with everyone on the team including the CIO, CTO, CPO, CRO, etc.
The conversation with the CFO will understandably have a heavy financial tone. For companies debating between a full-time CISO or a vCISO, it’s clear a poor permanent hire can be a very expensive error, whereas a mis-hire on a vCISO can be rapidly corrected.
As organizations continue to come to grips with the byproducts of digitization and new security challenges that often seem insurmountable, a vCISO can be an enormous value. Beyond offering an efficient and cost-effective model, they bring many advantages to businesses with fewer risks than a dedicated resource.
Ransomware’s Silver Bullet – The Virtual CISO Publication Series: Cybersecurity
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