Why you need to carry out a cybersecurity audit
Cyberattacks aren’t slowing down, and they’re putting the brakes on digital transformation for organisations of all sizes. Advanced phishing attacks using artificial intelligence (AI)-generated content, ransomware targeting small to medium-sized businesses, and state-sponsored attacks aimed at critical infrastructure are becoming increasingly common and sophisticated. The rise of cloud computing and Internet of Things (IoT) devices further complicates the security landscape, making it essential for organisations to stay vigilant. Conducting a cybersecurity audit—thorough evaluations of your IT infrastructure, policies, and procedures—is a proactive step that helps identify and address vulnerabilities in your IT infrastructure.
Here’s why they are so important:
- Spotting risks early: audits help us find vulnerabilities and potential threats in our systems. Addressing these issues early on prevents security breaches and reduces risks.
- Staying compliant: regular audits ensure we meet industry standards and regulatory requirements like GDPR, HIPAA, and ISO 27001, helping us avoid legal penalties and protect our reputation.
- Continuous improvement: cyber threats keep evolving, so we need to constantly improve our security measures. Audits provide insights that help us update our security practices regularly.
- Building trust: showing our commitment to cybersecurity through regular audits enhances trust among stakeholders, including clients, partners, and investors. It shows that we prioritise data protection and operational integrity.
What you need to carry out a comprehensive (and successful) cybersecurity audit
To conduct a thorough cybersecurity audit, it’s important to focus on a few key areas. These steps help ensure that all parts of your IT system are checked, giving you a clear picture of your security and highlighting where improvements are needed:
1. Asset inventory
Create a detailed inventory of all IT assets, including hardware, software, networks, and data. This inventory should include:
- servers and workstations
- network devices (routers, switches, firewalls)
- applications and software systems
- databases and storage systems
- data assets (sensitive data, intellectual property).
2. Risk assessment
Conduct a thorough risk assessment to identify potential threats and vulnerabilities. This involves:
- evaluating the likelihood and impact of different types of cyber threats
- identifying vulnerabilities in your IT infrastructure
- assessing the effectiveness of existing security measures.
3. Compliance check
Ensure that your organization complies with relevant Australian industry standards and regulations, such as:
- Australian Privacy Principles (APPs)
- Notifiable Data Breaches (NDB) scheme under the Privacy Act 1988
- cybersecurity frameworks recommended by the Australian Cyber Security Centre (ACSC), including the Essential Eight framework.
4. Access controls
Review and evaluate your access control policies to ensure that only authorised personnel have access to sensitive information. Key areas to focus on include:
- user authentication and authorisation processes
- privilege management and role-based access controls
- monitoring and logging of access activities.
5. Network security
Assess the security of your network infrastructure by examining:
- firewalls and intrusion detection/prevention systems
- network segmentation and isolation
- secure configurations for network devices.
6. Incident response plan
Evaluate your organisation’s incident response plan to ensure it is effective and up to date. This includes:
- procedures for detecting and responding to security incidents
- communication protocols during a security breach
- post-incident analysis and remediation processes.
7. Employee training and awareness
Assess the effectiveness of your cybersecurity training programs. Employees should be aware of:
- common cyber threats (phishing, malware, social engineering)
- best practices for maintaining security (password management, data handling)
- reporting procedures for suspected security incidents.
Techwell’s Essential Eight Maturity Level Three validation
We’re proud to share that we recently achieved Cyber GRX – Essential Eight Maturity Level Three validation, representing our commitment to providing leading cybersecurity services to our clients. With this validation, our cybersecurity audits are even more robust, comprehensive, and aligned with best practices, ensuring that we deliver the highest level of protection and resilience against cyber threats for our clients.
By partnering with Techwell, you gain access to:
Detailed risk assessments and vulnerability analyses:
- conduct thorough examinations of all IT assets and configurations
- identify both existing vulnerabilities and potential future risks
- prioritise risks based on their potential impact on your business
- provide a comprehensive understanding of your security landscape.
Tailored recommendations for improving your security posture:
- customise security strategies based on your specific IT environment and business needs
- offer actionable steps to address identified vulnerabilities
- provide guidance on implementing industry best practices and compliance requirements
- recommend technology and process improvements to enhance overall security.
Ongoing support to maintain and enhance your cybersecurity measures:
- offer continuous monitoring and regular security reviews
- provide updates on emerging threats and new security technologies
- assist with the implementation of recommended security enhancements
- deliver training and resources to keep your team informed and prepared.
To learn more about how we can protect your business with the latest and most effective cybersecurity measures, get in touch with us today.