Precautions today for continuity and success tomorrow.

Cybersecurity Risk Management

Cybersecurity Compliance

Cybersecurity threats are an ever-growing risk to businesses of all sizes. Businesses are known to store sensitive data such as customer records, payment detail, social security numbers, vendor details, customer lists, and much more that can be detrimental if ever exposed. Despite the risks, small businesses still are not taking the right measures to defend their company and its data.

  • Cyber attacks cost small businesses between $84,000 and $148,000.
  • 60% of small businesses go out of business within six months of an attack.
  • 90% of small business don’t use any data protection at all for company and customer information.

In response, the AICPA introduced the SOC for Cybersecurity engagement in 2017. Alloy Silverstein’s Certified Cybersecurity SOC auditors will objectively review your organization’s security policies, processes, and controls. An examination that provides an independent assessment of the organization’s cybersecurity risk management and provides a report that states whether or not the internal controls related to cybersecurity are operating effectively.

By being proactive with a SOC Cybersecurity audit, it helps build resilient organizations by evaluating effectiveness of existing  cybersecurity processes and controls. It is also a proactive measure since some insurance companies may require companies to obtain report as part of data breach coverage.

A typical SOC for Cybersecurity report consists of 3 parts:

1. The SOC Auditors Independent Report
2. Management’s Assertion on Security, Availability, and Confidentiality
3. Management’s Description of the Cybersecurity Risk Management Program

Cybersecurity SOC Auditors
JB Financial Associates is now Alloy Silverstein.
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