Cybersecurity Questions Every CEO Should Have Answered
To ensure the ongoing success of your business, you need to ask the right questions before you can find the right answers. Make sure you have answers to these questions regarding your cybersecurity posture to keep your business protected.
How Many of These Cybersecurity Questions Can You Answer?
When it comes to cybersecurity, you don’t need answers to every possible question. With how rapidly technology is evolving, that’s a virtually impossible goal to achieve. Besides, you have plenty of things to think about beyond cybersecurity. However, you need answers to some fundamental questions to ensure your business is set up for a secure and successful future.
If you have concrete answers to these five questions, you can be confident that you have a strong security foundation with the most important bases covered.
How Are You Training Employees?
When it comes to cybersecurity, it’s easy to get hung up on external threats while overlooking insider threats. It’s important to make sure that your team is accounting for both the internal and the external. To guard your business against insider threats, some level of ongoing cybersecurity awareness training is critical.
Building a training plan into the employee onboarding process is an excellent place to start, but it’s important to remember that one-time training is not enough. Cyber threats like phishing and ransomware are evolving rapidly, and just because an employee is able to spot a phishing email today doesn’t mean they’ll be prepared for what cybercriminals cook up tomorrow.
That’s why it’s important to train new employees when hired and train current employees on an ongoing basis to keep everyone on their toes at all times while developing a culture of security.
How Much Should You Be Spending on Cybersecurity?
It shouldn’t be too difficult to find out how much you’re actually spending on cybersecurity, but it can be harder to determine how much you should be spending.
That’s because it’s easy for CEOs to view cybersecurity investments as a sunk cost, especially when nothing bad happens. This mindset can make it difficult to quantify the value that security strategies add to your business.
However, instead of viewing network security as investment, it can be more beneficial to think of cybersecurity as insurance—you’re willing to spend what’s necessary to keep your operations protected in the event of an accident or attack.
In other words, you should be investing as much in your security stance as you can to ensure your business doesn’t go under in the event of a cyberattack—which is what happens to 60 percent of companies.
What Are Your Organization’s RPOs and RTOs?
To better quantify the value of your cybersecurity approach, you should have a baseline understanding of your system’s recovery point objectives (RPOs) and recovery time objectives (RTOs). These two numbers can provide an objective measure of how prepared your system is in the event of a network disruption like a cyberattack while providing metrics on what to improve over time.
Your system’s RTO is the maximum amount of time your network can be down before normal operations are restored, while RPO defines how much data can be lost. Without defining these two numbers, it’s impossible to understand how prepared your organization is in the event of a serious cyberattack.
How Are You Responding to Evolving Threats?
When dealing with network threats, it’s easy to assume that no news is good news, but don’t let that fool you into complacency. Just because you’re prepared and protected today doesn’t necessarily mean those same strategies are enough to keep things running smoothly tomorrow. What you’re doing to prepare for tomorrow is arguably just as important as what’s working today.
The answer to this question is different for every organization, so there’s no one-size-fits-all solution and the only wrong answer is not having one. Responding to evolving threats starts by staying ahead of specific types of threats, prioritizing the ones that are most likely to impact your operations, and remaining agile enough to adjust your strategies accordingly.
Does Your Internal Team Have Time To Prioritize Network Resilience?
When your internal IT team is busy with responding to tickets or simply maintaining baseline, it can be challenging to develop a more resilient network. That’s because network resilience doesn’t develop organically. Instead, it’s something you have to work toward with focused project initiatives, metric tracking, and strategic technology partnerships.
Without a dedicated internal team, it can be impossible to prioritize these objectives while keeping everything running smoothly on the ground floor. With the right amount of time, resources, and expertise, the best IT teams can achieve both—but it isn’t fair to expect miracles, especially when your IT team is understaffed or already stretched thin with other projects.
When things break, it’s often due to the reality that network resilience hasn’t been as much of a priority as keeping your technology afloat from day to day.
Not sure where to start? Discover how one risk assessment could save your business.
What Else Should You Be Asking?
While clarifying answers to the above questions offers a solid place to start, they are far from the only questions you need to be asking about cybersecurity. Some additional questions include:
- What would a potential cyberattack look like?
- How are we tracking technology assets?
- Are outsourced partners aiding or jeopardizing system security?
- How are we measuring security improvements and the value they add?
- How are we cultivating a culture of security across the organization?
- How confident are we that we will pass compliance audits?
Need Help Answering Any of the Above Questions?
If you need help answering any of these questions, Virtual-Q is here to provide clarity. The answers are rarely obvious, but our experts can help you better understand what questions to ask and how to know when you’ve found the best options. Get in touch with us today to learn more about our complete approach to cybersecurity that ensures your ongoing success.
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