The Guide to Automating Cybersecurity and Compliance Management

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IT Risk Assessment Template: Build a Resilient Cybersecurity Foundation

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Amie Schwedock Publication date: 8 October, 2025
Education Templates

IT risks, from cloud misconfigurations to ransomware and third-party vulnerabilities, are a growing threat to business continuity, compliance, and reputation. Yet many organizations still assess those risks in ad hoc ways, using spreadsheets or outdated checklists. Without a clear framework, it’s nearly impossible to effectively prioritize or scale cybersecurity. That’s where an IT security risk assessment template becomes essential. In this article, we’ll explore how a structured IT risk assessment template helps identify critical threats, guide remediation efforts, and support scalable, strategic cybersecurity, whether you’re using a risk assessment template for an IT project, protecting your own environment on an ongoing basis, or managing security for dozens of clients.

Understanding IT Risk Templates and Why They’re Essential

An IT risk assessment template is a structured tool designed to help organizations identify, evaluate, and prioritize technology-related risks. It offers a standardized approach for documenting risks, assessing their likelihood and impact, reviewing existing controls, and planning mitigation steps.

But beyond the format itself, the value of an IT security risk assessment template lies in the clarity and alignment it creates. Without structure, IT and security teams are often left reacting to threats rather than proactively managing them. Risks are tracked inconsistently, ownership is unclear, and decisions are based on gut feeling instead of data. The result? Increased exposure, wasted effort, and missed opportunities to strengthen cyber resilience.

A well-designed template transforms risk assessment into a repeatable, strategic process, serving as a foundation for making smarter cybersecurity decisions at scale. It helps:

  • Reduce system downtime and service disruption
  • Prioritize remediation actions based on real business impact
  • Enhance audit readiness and compliance alignment (e.g., with NIST, ISO 27001, HIPAA, SOC 2)
  • Enable collaboration across IT, security, and leadership teams
  • Empower MSPs and MSSPs to deliver consistent risk services across multiple clients

IT Risk Assessment Template: A Look Under The Hood

A well-structured IT security assessment template is especially important for organizations managing complex infrastructures or MSPs and MSSPs overseeing multiple client environments. 

Below are the core components typically included in an effective IT security risk assessment template, along with an IT risk assessment example to illustrate how such a template works in practice.

1. Asset Inventory and Classification

Before assessing risk, you need to know what you’re protecting. This section includes a comprehensive list of IT assets, typically categorized by criticality (e.g., high, medium, low) and business function (e.g., financial systems, customer data, internal tools):

  • Servers and endpoints
  • Cloud platforms (e.g., AWS, Azure, Google Cloud)
  • Applications and databases
  • Network devices
  • User accounts and privileged access
  • Third-party services or integrations

2. Threat Identification and Vulnerability Mapping

Once assets are logged, it’s time to assess what could go wrong, looking at known vulnerabilities (e.g., CVEs), dependency risks, and exploitability, identifying:

  • External threats (e.g., phishing, ransomware, DDoS attacks)
  • Internal threats (e.g., insider misuse, misconfigurations)
  • Systemic risks (e.g., outdated software, unpatched vulnerabilities)
  • Third-party risks (e.g., supply chain, SaaS providers)

3. Scoring For Likelihood and Business Impact

This is where quantitative risk assessment begins. Each identified risk is scored based on the likelihood of the event (e.g., 1–5 scale) and potential impact (e.g., 1–5 scale). Some organizations use color-coded matrices (low/medium/high/critical) or heat maps.

4. Existing Controls and Safeguards

Next comes the documentation of which security controls are already in place to mitigate the identified risks, to help assess residual risk. Controls to look at include access controls, MFA, encryption, firewalls, endpoint detection and response (EDR), and security awareness training.

5. Residual Risk Rating

After considering existing controls, reassess the risk level. Residual risk = the risk that remains after mitigation is applied. This score is essential for prioritization.

6. Mitigation and Remediation Planning

Each risk should be assigned a remediation plan, turning the assessment into a roadmap for improvement. The remediation plan should include: 

  • Required action (e.g., apply patch, reconfigure settings)
  • Responsible party
  • Estimated effort and resources
  • Target completion date

7. Business Continuity and Disaster Recovery Dependencies

This section of the IT security risk assessment template ensures that key systems and their risk levels are mapped to BCP/DRP scenarios, linking technical risk to operational downtime potential:

  • Recovery Point Objectives (RPO)
  • Recovery Time Objectives (RTO)
  • Backup verification
  • Failover availability

8. Stakeholder Assignment and Accountability

Every risk and task should be clearly assigned to a person or team, to ensure follow-through and accountability, including a risk owner, business owner, reviewer/approver, and a communication timeline

9. Review Timeline and Reassessment Triggers

Risks don’t stay static and must be reviewed periodically, so here we will define how often the risk register is reviewed (e.g., quarterly, after major incidents) and which events trigger reassessment (e.g., onboarding new vendors, software changes).

To make things more tangible, let’s look at a specific IT security risk assessment example for a Cloud-Based CRM.

IT Risk Assessment Example Entry for a Cloud-Based CRM

Field
Details
AssetSalesforce CRM platform
ThreatExploitable vulnerability in third-party plugin
Likelihood (1–5)4 – Likely, based on public exploit and wide usage
Impact (1–5)5 – High, due to exposure of customer data
Initial Risk Score20 (Critical)
Existing ControlsMFA enabled; least privilege access enforced
Residual Risk Score12 (Medium-High)
Remediation PlanPatch plugin, review vendor contract, enable plugin isolation
Responsible PartyInformation systems team
Target Completion DateWithin five business days
DR/BC ConsiderationCRM included in DRP; daily backups and 6-hour RTO
Review TimelineQuarterly reviews, or upon plugin version change
StakeholdersRisk Owner: Security Ops

With the above IT risk assessment sample in mind, let’s now explore best practices for using these templates effectively.

Best Practices for Effective Use of an IT Risk Assessment Template

Establishing a risk assessment template is only the beginning. To truly reduce risk, strengthen resilience, and scale cybersecurity operations (especially across multiple clients or environments), it must be used strategically and consistently. These best practices focus on how to make your risk assessment process operational and impactful.

1. Establish a Risk Assessment Cadence

Don’t wait for audits or incidents to run assessments. Schedule regular reviews, quarterly or semi-annually, and define trigger events (like onboarding a new SaaS tool or launching a new system) that automatically initiate a reassessment. These regular reviews and triggers will ensure that your risk register stays relevant and responsive to change.

2. Standardize Across Teams and Clients

For MSPs and MSSPs, consistency is key. Use a common framework across all clients to ensure comparability and streamline delivery. The IT security assessment template should be flexible enough to adjust for industry, size, or compliance framework, but the structure should remain uniform. A well-documented internal methodology can be reused across clients, boosting delivery speed and trust building.

3. Integrate the Template Into Your Workflow

A static document, such as an IT security risk assessment template Excel spreadsheet, is easy to forget. Instead, embed the risk template into your broader cybersecurity and client management processes, whether that’s ticketing systems, QBRs, or compliance readiness workflows. Such integration ensures accountability and visibility, keeping risk mitigation top-of-mind.

4. Use the Template to Drive Strategic Conversations

Go beyond filling in fields. Use the output of your risk assessment to spark higher-level discussions around:

  • Which risks align with the company’s most valuable assets?
  • Where is the gap between risk tolerance and actual exposure?
  • Are certain departments under- or over-exposed?

5. Automate, Track, and Report

Manual tracking leads to delays and missed follow-through. Automation will support you in moving from passive documentation to proactive, measurable security management. Consider using automation tools to:

  • Automate scoring and prioritization
  • Assign and track remediation tasks
  • Generate live dashboards and audit-ready reports
  • Maintain centralized visibility across multiple clients or business units

6. Educate Stakeholders on the Value

Templates can seem like technical busywork unless their purpose is clearly communicated. Train your team and clients to understand that risk assessments are not just for compliance. They’re the foundation for faster decision-making, more strategic planning, and smarter investment in cybersecurity. Specifically for MSPs/MSSPs, framing the template as a “risk baseline” can serve as a powerful upsell and renewal lever.

IT Risk Assessment Template: Key Benefits

A well-structured IT risk assessment template transforms how organizations approach decision-making, resource allocation, and client communication. Used properly, it becomes a strategic lever for business resilience and service delivery. Here’s how:

1. Faster, Smarter Decision-Making

With a centralized view of risk across assets, systems, and vendors, IT leaders can quickly understand where to act and why. This clarity helps cut through noise, enabling timely decisions that align with business priorities rather than gut reactions or fire drills.

2. Measurable Risk Reduction

Templates allow teams to track trends over time, not just individual issues. This helps organizations demonstrate risk reduction efforts through metrics, such as a decreasing number of critical risks, improved time-to-remediate, or higher control effectiveness scores.

3. Executive-Level Visibility

Risk assessments often act as the bridge between technical findings and business strategy. A structured template enables clean, high-level reporting for boards, CISOs, and clients, building confidence and buy-in without overwhelming them with jargon.

4. Operational Consistency at Scale

For service providers managing multiple environments, inconsistency is the enemy. A standardized risk assessment process ensures consistent delivery quality, repeatable workflows, and predictable results across clients and teams.

5. Stronger Client Relationships and Upsell Opportunities

For MSPs and MSSPs, showing a client exactly where their risks lie and how those risks are evolving is one of the most effective ways to prove value. It also opens the door to additional services like remediation, policy creation, and compliance readiness.

6. Reduced Compliance Burden

Instead of scrambling for evidence when an auditor appears, teams using structured templates have real-time documentation ready to go. This dramatically reduces the time and stress involved in proving compliance with frameworks like NIST, HIPAA, ISO 27001, and SOC 2.

Strengthen Your Tech Stack with Automated IT Risk Assessments

Too often, IT risk assessments lose their impact not because the risks aren’t real, but because the process around them breaks down. They’re treated as one-time tasks stored in static spreadsheets, lacking clear ownership. And without structure, scale, or visibility, even the most well-intentioned assessments get ignored.

That’s exactly where Cynomi comes in. Built for MSPs/MSSPs, Cynomi transforms the risk assessment process from a manual, reactive effort into a scalable, high-impact service offering. Cynomi automates and streamlines key stages of IT risk management, from asset mapping to remediation tracking. Here’s how: 

Structured, Pre-Built Templates

Cynomi provides out-of-the-box, structured templates based on built-in CISO knowledge. These templates enable service providers to onboard clients quickly and deliver assessments that follow consistent, high-impact processes, offering consistent service delivery and accelerated time to value, even for junior staff.

Automation of Manual Tasks

Cynomi automates time-consuming work, significantly reducing manual work time, freeing up valuable resources for strategic tasks. Cynomi automation includes:

  • Conducting risk and compliance assessments
  • Creating security policies
  • Building remediation plans
  • Mapping tasks and responsibilities
  • Generating reports

Remediation Planning and Task Management

The Cynomi platform helps teams go from assessment to action by automating task creation, mapping each item to the right stakeholder, and providing clear next steps, all within a structured workflow allowing for better execution, accountability, and faster closure of security gaps.

Executive Reporting and Communication

Cynomi simplifies reporting and enables seamless communication between technical teams and decision-makers. Its dashboards and reports help service providers present risk and compliance posture clearly – serving as a major asset for QBRs and renewals, and a driver for improved stakeholder engagement and stronger client relationships.

Cross-Mapped Compliance Frameworks

Cynomi comes with built-in support for all major frameworks, including HIPAA, PCI DSS, NIST, ISO 27001, and more, and automatically cross-maps controls so teams don’t need to duplicate their efforts across compliance requirements – leading to a simplified compliance readiness and stronger audit posture.

CISO-Level Expertise for Every User

The Cynomi platform is powered by AI and infused with seasoned CISO knowledge. This gives even junior team members the ability to deliver expert-level guidance, assessments, and recommendations – enabling elevated team performance and the ability to scale cybersecurity services without hiring more experts.

Multi-Tenant Architecture for Service Providers

Cynomi is purpose-built for MSPs and MSSPs. Its multi-tenant setup enables centralized views, standardized processes, and the ability to manage cybersecurity and compliance simultaneously – for profitable cybersecurity services with consistent quality across the entire client base.

FAQs

A structured tool for identifying and managing IT-related risks across systems, vendors, and data.

It creates consistency, improves visibility, and supports compliance and security decision-making.

Asset lists, threats, risk levels, existing controls, remediation plans, and review schedules.

Quarterly or after major changes like new systems, vendors, or compliance requirements.

Yes, most frameworks require documented risk assessments as part of audit readiness.

Usually, IT and security teams, or service providers acting as vCISOs for clients.

Scaling Cybersecurity Services with Automation: A Guide for Service Providers

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Amie Schwedock Publication date: 12 August, 2025
Education
Scaling Cybersecurity Services with Automation: A Guide for Service Providers

In today’s fast-evolving threat landscape, service providers face more pressure than ever to deliver cybersecurity services that are efficient, effective, and business-aligned. Yet, many providers are held back by lengthy and time-consuming manual processes that drain resources and limit their growth potential.

To help address this, we created The Service Provider’s Guide to Automating Cybersecurity and Compliance Management, a practical resource to help MSPs, MSSPs, and consultancies streamline delivery, scale smarter, and enhance client value through automation.

Here are some of the key takeaways from the guide.

The Manual Trap: Why Traditional Delivery Models Hold You Back

For many service providers, manual processes quickly add up: a single risk assessment can take up to 14 hours, with policy development and reporting requiring extensive effort. Across dozens of clients, these inefficiencies become a serious bottleneck, limiting capacity, increasing error rates, and dragging down margins.

Manual processes create specific bottlenecks across five critical areas of service delivery:

  1. Onboarding & Assessments – Repetitive, slow, and often inconsistent
  2. Framework Mapping – Labor-intensive and prone to errors
  3. Remediation Management – Hard to scale and standardize
  4. Progress Reporting – Time-consuming and lacks consistency and clarity
  5. Service Customization – Manual adjustments reduce repeatability

Automation is key to overcoming these barriers and unlocking scalable, high-margin service delivery.

The Case for Automation: Freeing Up Capacity, Boosting Impact

By eliminating the need for repetitive manual processes, automation allows providers to:

  • Standardize delivery across clients
  • Dramatically reduce time spent on assessments, policy development, and reporting
  • Ensure consistency in compliance tracking and task management
  • Free up senior staff for strategic work

Six key service delivery areas where automation can make a measurable impact:

  1. Risk Assessments & Onboarding: Replace scattered emails and lengthy interviews with interactive, guided questionnaires and centralized data collection, significantly reducing onboarding time.
  2. Policy Development: Generate tailored policies aligned with frameworks like NIST and ISO, ensuring relevance and consistency for each client.
  3. Compliance Tracking: Map and update tasks dynamically as compliance standards evolve, minimizing manual oversight and reducing the risk of errors.
  4. Remediation Planning: Prioritize and assign tasks automatically, enabling teams to monitor progress and outcomes within a centralized system.
  5. Progress Reporting: Generate branded, business-focused reports in just a few clicks, translating technical data into clear, executive-ready insights.
  6. Standardizing Service Delivery: Automate repeatable processes across clients, delivering consistent, high-quality results without starting from scratch each time.

The ROI of Automation

One of the most powerful ways to measure automation’s value is through work hours saved. Tasks that previously took over 13 hours can now often be completed in a fraction of that time, freeing up nearly 10 hours per task to reinvest elsewhere. Multiply that across clients, and the impact on margins and capacity becomes substantial.

Below is an example of how automating specific tasks translates into a measurable return on work hours:

Task descriptionEstimated hours (manual)Estimated hours 

(with automation)

ROI of automation

(work hours)

Conducting risk and compliance assessments13.9 hours~4 hours9.9 hours saved
Developing security policies14.3 hours3 hours11.3 hours saved
Mapping compliance and security frameworks13.6 hours~1 hour10.6 hours saved
Creating a security plan14.7 hours5 hours9.7 hours saved
Preparing reports for leadership and board review14.3 hours1.3 hours13 hours saved
Onboarding new team members14 hours2 hours12 hours


For a straightforward formula to calculate ROI in both hours and dollars and to instantly see the measurable benefits automation can bring, explore
The Service Provider’s Guide to Automating Cybersecurity and Compliance Management.

How to Implement Security and Compliance Automation

Here’s an overview of a practical roadmap for service providers looking to integrate automation into their cybersecurity and compliance operations. For the detailed plan, refer to the full guide.

  1. Assess Current Processes: Begin by documenting your current cybersecurity and compliance processes, such as onboarding, assessments, remediation planning, and reporting. Pinpoint manual, repetitive tasks that cause delays or introduce inconsistencies.
  2. Define Automation Goals: Identify specific outcomes you aim to achieve, whether it’s reducing task duration, boosting capacity, or enhancing service consistency. Defining measurable objectives will help focus your efforts and choose the right automation platform.
  3. Select a Deployment Model: Explore three options: build your own tools, use a GRC platform, or adopt an all-in-one cybersecurity and compliance management platform like Cynomi. Each offers varying levels of scalability, complexity, and resource requirements.
  4. Pilot Before Scaling: Launch your automation strategy with one team or client to identify integration needs, gather feedback, and refine your approach before scaling it across your organization.
  5. Train Teams and Clients: Deliver tailored training and maintain open communication to boost team and client confidence. 
  6. Measure Impact and Optimize: Measure outcomes, like time saved, reporting speed, and overall efficiency gains. Use these insights to refine workflows and continually improve your automation strategy.

Real-World Results from Cynomi Partners 

Cynomi’s partners already see transformational results with automation:

These results reflect a growing trend among service providers who adopt intelligent automation as a core part of their delivery model.

Automation is a Competitive Advantage

In a cybersecurity landscape defined by rising threats and shrinking resources, automation is becoming more and more essential. Automating core activities like assessments, compliance tracking, and reporting enables providers to expand capacity, improve profitability, and elevate their role from task-oriented support to a trusted strategic partner.

Ready to accelerate your cybersecurity and compliance services?

Cynomi’s cybersecurity and compliance management platform helps service providers scale smarter by automating time-consuming tasks, such as risk assessments, compliance tracking, and progress reporting. As a CISO Copilot, Cynomi streamlines service delivery, freeing up your team to focus on strategic work, serve more clients, and grow without increasing headcount.

Start your automation journey by downloading The Service Provider’s Guide to Automating Cybersecurity and Compliance Management, your roadmap to smarter scaling and stronger margins. 

Beyond Cybersecurity: Bridging the Gap Between Security and Business Goals

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Amie Schwedock Publication date: 10 July, 2025
Compliance Company News
BCP/BIA

What differentiates a great cybersecurity offering from a good one is its ability to align with strategic business goals. More than just protection, cybersecurity professionals set themselves apart by linking business resilience to long-term success.

With the latest release, Cynomi is empowering service providers to bridge the gap between cybersecurity and business priorities, efficiently.

Introducing Business Impact Analysis and Business Continuity Planning, the Cynomi Way

Cybersecurity is often seen as a technical discipline, but its true impact lies in protecting what matters most to a business. Identifying the most critical processes and assets is the first step in ensuring resilience but without the right approach, even experienced professionals can miss the bigger picture.

A common assumption might be that protecting patient data is the most critical security priority—and it is certainly vital. However, one might overlook that systems enabling patient routing, tracking, and emergency response coordination are just as crucial to a hospital’s ability to function. Without them, the entire operation—including the generation of patient data—can come to a halt. This highlights the importance of understanding operational dependencies through a Business Impact Analysis (BIA). Without a BIA, we might focus solely on data protection and miss the broader picture of what truly keeps the hospital running.

This example highlights why Business Impact Analysis (BIA) is essential: it helps cybersecurity professionals go beyond assumptions and pinpoint the processes that are truly critical to business continuity. Once key processes are identified and their supporting assets determined, strategic conversations with key stakeholders can take place. This positions cybersecurity professionals as business leaders who directly contribute to keeping the organization running. Whether it’s IT systems, physical infrastructure, or third-party services, understanding these dependencies is key to building an effective Business Continuity Plan (BCP).

The Challenge: Lengthy, Manual, and Fragmented Processes

Traditionally, these processes take months, if they are done at all. Service providers and internal teams spend extensive time mapping business processes, tracking dependencies, and documenting continuity plans using spreadsheets, static reports, and manual workflows. This approach, often relying on fragmented tools and guesswork, is not only slow and resource-intensive but also prone to gaps and inconsistencies.

Cynomi Recognized the Challenge

The  latest set of features not only makes BIA and BCP more effective, but also enables more strategic conversations between service providers and their clients. By bringing everything together into one easy-to-use platform, Cynomi simplifies these processes while enhancing their impact.

The new features coming together with existing Cynomi features such as means service providers can now translate all findings seamlessly into actionable tasks. Cynomi serves as a central cybersecurity hub for streamlined, automated cybersecurity management.

The Capabilities to Position Service Providers as Strategic Partners

New: Business Impact Analysis (BIA): Identify the most critical business processes, assess dependencies, and quantify potential risks, all in a streamlined way.

 New: Business Continuity Planning (BCP): Develop actionable, data-driven plans to ensure resilience in the face of disruptions.

Turn Cybersecurity Into a Business Enabler

While mitigating risk remains the cornerstone of cybersecurity, these capabilities enable service providers to expand the impact of their work—delivering broader business value and deeper strategic insights. They help you:

✔️ Speak the language of leadership: demonstrating security’s role in business continuity and operational resilience.
✔️ Showcase business impact:  providing clear, data-driven insights that strengthen client relationships.
✔️ Deliver value beyond protection: positioning cybersecurity as a business enabler, not just a cost center.

With Cynomi, conducting Business Impact Analysis and Business Continuity Planning is faster, smarter, and easier – no spreadsheets, no manual tracking, just automated guidance and clear insights.

Cybersecurity means more than protection; it’s about driving business forward. Elevate your services, strengthen client partnerships, and prove your value as a trusted advisor, all with Cynomi.

Are you ready to go beyond cybersecurity?

To learn more about how Cynomi can help you bridge the gap between security and business goals book your demo.

Fireworks & Firewalls: 4 Cybersecurity Forces Every MSP Should Master This July

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Amie Schwedock Publication date: 3 July, 2025
Education
Fireworks & Firewalls: 4 Cybersecurity Forces Every MSP Should Master This July

Like fireworks on the Fourth, a strong cybersecurity strategy should shine—bold, brilliant, and built to make an impact. This July, it’s time for MSPs to master the four forces that keep that brilliance protected. Here are four practical ways providers can strengthen their cybersecurity offerings, build lasting client relationships, and grow a more scalable and profitable practice.

1. Lead with Strategic Risk Assessments

Risk assessments are often seen as tactical, one-off deliverables, but they can be so much more. When delivered with the right process, mindset, and framing, assessments can open the door to long-term, high-value cybersecurity services that drive recurring revenue and deepen client trust.

The key is to shift the focus from technical checklists to business impact. Strategic assessments connect technical findings to what matters most to the organization — prioritizing risks based on operational disruption, compliance exposure, and the client’s unique goals. This business-first framing not only delivers greater value but also builds credibility and lays the foundation for ongoing engagement.

Equally important is the delivery process. From discovery to final presentation, every step of the assessment process should reflect professionalism and strategic insight. Delivering a smooth, consistent assessment experience builds trust and makes it easier for clients to invest in broader, ongoing cybersecurity engagements.

Cybersecurity automation platforms like Cynomi make this possible by streamlining and standardizing the entire assessment process. With Cynomi, what used to take weeks or months can now be done in days with board-ready insights that drive smarter decisions. Increased efficiency accelerates service delivery and improves the client experience through a faster, clearer, and more engaging process from start to finish. The improved workflow also creates opportunities to introduce higher-value services, including compliance support, strategic roadmaps, and other cybersecurity and compliance offerings.

Key takeaway: Risk assessments should not be treated as one-time deliverables. When framed around business impact and supported by a streamlined, professional process, they become powerful tools for building lasting strategic partnerships.

2. Turn Compliance into a Growth Catalyst

While meeting regulatory requirements is essential, successful service providers recognize a broader opportunity: enhancing their clients’ overall cybersecurity posture. Compliance should be viewed as a strategic entry point to strengthen security posture, improve resilience, and ensure business continuity.

For many organizations, compliance can be challenging. Frameworks like HIPAA, NIST, and others are detailed and require specialized knowledge to navigate effectively. Most clients don’t want to become compliance experts. They just want confidence that their compliance requirements are being handled properly and their business is secure. This is where MSPs can shine.

By taking ownership of compliance initiatives and translating them into continuous, business-aligned cybersecurity strategies, providers can position themselves as indispensable partners. Rather than offering point-in-time services, they can deliver ongoing guidance, monitoring, and improvements that align with evolving regulatory requirements and the client’s risk landscape.

Compliance management becomes significantly more efficient with compliance management automation platforms like Cynomi, which incorporate built-in compliance frameworks, automation tools, user-friendly dashboards, and reporting. These capabilities help position providers as strategic partners, equipping them to drive long-term engagements tied to compliance, risk management, and overall cybersecurity resilience.

Key takeaway: Compliance is more than a requirement, it’s an opportunity to demonstrate strategic leadership and create recurring value for your clients.

3. Offer a Strategic Security Roadmap

While solving immediate issues is necessary, the true value of a service provider lies in guiding clients through a structured, long-term cybersecurity strategy. This is where a well-crafted security roadmap becomes an essential tool for cementing the provider’s role as a trusted advisor. 

Strategic roadmaps combine immediate priorities with long-term goals, guiding clients from their current state to a stronger security posture through clear steps, shared accountability, and measurable progress. The best plans are tailored to each organization’s unique environment, aligning cybersecurity actions with business objectives, regulatory obligations, and available resources. 

The roadmap is a living document, driving ongoing collaboration and providing a foundation for regular business reviews, planning sessions, and budgeting conversations. It also supports service renewals by making the value of continued engagement clear and tangible. 

Cybersecurity automation platforms like Cynomi transform roadmap creation from a time-consuming task into a swift, data-driven process. By leveraging assessment insights and compliance criteria, they produce customized action plans in hours instead of days. With these platforms, providers can deliver strategic direction more efficiently and at scale.

Key takeaway: A roadmap gives structure to your services and clarity to your clients. It helps you lead with purpose and build stronger, more resilient relationships.

4. Communicate Like a Business Leader

Most clients are not focused on technical details, they care about outcomes. They want to know if their business is protected, if their risks are decreasing, and if their investments in cybersecurity are delivering value. This is why strong, business-focused communication is one of the most important skills for any service provider aiming to build lasting client relationships.

Clear communication is often what separates tactical providers from strategic partners. Providers who can translate technical data into meaningful insights that resonate with business leaders earn deeper trust and long-term influence. It’s not just about what you do, but how well you can show its impact in terms that matter to the client, like business continuity, regulatory readiness, financial risk reduction, and reputation protection.

This approach also strengthens alignment between cybersecurity initiatives and broader business priorities. When leadership understands the “why” behind the strategy, they are more likely to support investments, prioritize action items, and see cybersecurity as a core business function rather than an operational expense.

Providers can improve their communication by using cybersecurity and compliance management platforms like Cynomi to rapidly produce executive-level reports that highlight key risks, track compliance progress, and show the status of strategic roadmaps. These reports make it easy to conduct meaningful quarterly reviews, present to the board, and guide planning discussions.

Key takeaway: Business-focused communication builds trust and alignment. It elevates your role from technical support to strategic advisor, helping clients clearly see the value you bring to their business, and creating opportunities to deliver ongoing services that generate recurring revenue.

To learn more about how to better communicate with executives, explore Cynomi’s vCISO Academy Course: Thinking and Communicating Like a CISO. 

This July, Elevate Your Cyber Strategy

Like any successful event, effective cybersecurity depends on preparation, coordination, and knowing what matters most to your audience. For service providers, this presents an opportunity to deliver more structured, strategic services based on risk assessment, compliance, long-term planning, and clear communication.

With the right mindset and process, each assessment can become the beginning of a deeper client relationship. Each compliance conversation can lead to ongoing service delivery. Each roadmap can pave the way to long-term growth. Clear, business-focused communication can position you as a trusted advisor, strengthening your influence and opening the door to ongoing strategic opportunities.

Discover how Cynomi helps providers deliver strategic and efficient cybersecurity services at scale: cynomi.com

Why Traditional Cybersecurity Processes Slow You Down and How to Deal with It

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Amie Schwedock Publication date: 17 April, 2025
Compliance
Why Traditional Cybersecurity Processes Slow You Down and How to Deal with It

Do you find yourself bogged down with repetitive, mundane security and compliance tasks? Security service providers juggle numerous responsibilities, like risk assessments, policy development, compliance mapping and continuous monitoring. These initiatives demand precision, but manually managing them introduces inefficiencies that drain resources, slow execution and increase frustration.

In this article, we’ll explore the traditional processes that slow security teams down, the business impact of these inefficiencies and how automation can help you leave behind the friction so you can grow and scale your business instead.

The Tedious Tasks of Security Service Providers

Managed security service providers shoulder a vast array of responsibilities. While these obligations are critical for ensuring their clients get the best security and compliance services, they can also be tedious and time-consuming, if they aren’t executed efficiently.

Duties like risk and compliance assessments, creating security policies and calculating risk scores, among others, often require meticulous attention to detail. When done manually, time is spent excruciatingly collecting and reconciling information across disparate systems and frameworks and inputting it in spreadsheets, emails, collaboration tools, or legacy systems. Then, they require analyzing the data and generating reports, plans and policies. These all need to be consistently communicated to the client and managed. 

There is also the laborious need of continuous reviewing and learning of new lengthy security and compliance frameworks and regulations, industry standards and threats. This is followed by the need to interpret these requirements, and adapt them to security policies. In the end, you also have to document everything.

And even after you’re done – you start over. Service providers need to repeat these actions again and and again, some on a weekly or monthly basis, and for each new client.

A non-exhaustive list of such responsibilities includes:

  • Assessing security and compliance risks
  • Calculating risk scores
  • Developing security policies
  • Mapping compliance and security frameworks
  • Creating a security plan
  • Managing security and compliance tasks
  • Maintaining an up-to-date holistic view of security and compliance posture
  • Reporting to leadership
  • Managing security budgets
  • Developing incident response plans
  • And more

Why Manual Work Is Holding vCISOs Back

The repetitive and manual nature of security and compliance tasks is more than a minor inconvenience; it’s operationally draining. Slow and arduous processes can lead to:

  • Security teams struggling to keep up with requirements and deadlines.
  • Time spent on administrative tasks, maintenance, tools and data searches rather than higher-impact initiatives and strategic security goals.
  • Time wasted on duplicate efforts, back and forths and version controls.
  • Low energy and frustration.
  • Micro-management of processes.
  • Senior staff performing junior staff work.
  • New team members struggle to ramp up quickly.
  • Increased likelihood of errors, missed updates and outdated policies.
  • Difficulty providing clear, timely insights to executives.

The Result: Stalled Business Growth

These inefficient processes create significant roadblocks to business growth. Instead of enabling the service provider to move faster and scale their business, workflows and processes become a bottleneck. When a company cannot swiftly deliver security and compliance services, deals are delayed, or even lost entirely.

Growth is also stalled. Security leaders, who should be focused on future-proofing the organization, are instead stuck managing basic tasks in a reactive rather than proactive manner. Plus, new hires face steep learning curves due to disorganized and overly manual workflows, further reducing operational efficiency.

Automation: The Key to Faster, Smarter, and More Scalable Security

Inefficiencies waste valuable resources: time, money and team efforts. Instead, service providers can automate security and compliance workflows and processes. This will enable them to move faster, work smarter, and drive business growth.

How?

First and foremost, automation drives faster execution. Compliance audits, risk assessments and other security tasks that once took weeks can now be done in days or hours. They are also less prone to errors, since automation enforces best practices and prevents mistakes from manual configurations or data entry. Plus, they provide quick views and insights, allowing service providers to make quick data-driven decisions that keep clients informed and help position themselves as trusted experts and business partners.

Automation also creates standardization, allowing new team members to seamlessly onboard, as well as the ability to easily onboard new clients. Junior team members can also perform tasks previously requiring senior security leaders.

As a result, services providers can reallocate budgets previously used for headcount on innovation and growth, and focus their own time on high-value, strategic work instead of repetitive tasks.

Traditional vs. Automated Performance of Security Tasks

Let’s look at a few example tasks and how they are executed manually vs. automated.

TaskTraditionalAutomated
Assessing Security and Compliance RisksSecurity teams manually analyze questionnaires, review logs and interview stakeholders. Data is manually inputted in spreadsheets and analyzed. The assessment is done as a one-time assessment.Continuous scanning tools identify vulnerabilities, misconfigurations, and compliance gaps. Questionnaires are generated and analyzed automatically. Assessments are continuously updated.
Calculating Risk ScoresAnalysts assign qualitative risk levels based on expertise and spreadsheets. Risk management platforms use AI and predefined models to score risks dynamically. An automated platform connects risk scores to task priorities.
Developing Security PoliciesPolicies are drafted from scratch, reviewed and manually updated.Policy engines automatically generate, distribute and enforce policies based on regulations and security best practices.
Mapping Compliance and Security FrameworksTeams manually review and compare controls across frameworks using spreadsheets and correlate with the risk assessment spreadsheet

Or

Legacy GRC (Governance, Risk, and Compliance) tools map and crosswalk frameworks.

Risk assessment is automatically correlated to the framework of choice, connected to policies and security tasks and automatically updated as the security plan progresses.
Creating a Security PlanSecurity leaders define strategy based on assessments and best practices.AI-driven platforms generate security plans tailored to industry regulations and risk exposure.
Managing Security and Compliance TasksTasks are tracked in emails, spreadsheets and ticketing systems.Workflow automation platforms assign, track and enforce security tasks with alerts.
Maintaining an Up-to-Date Holistic View of Security and Compliance PostureSecurity teams compile data from multiple sources into reports. This is done occasionally. Dashboards integrate real-time data for a centralized view that is constantly updated.
Reporting to LeadershipReports are manually compiled from logs, audits, and assessmentsSecurity reporting tools generate visualized, executive-friendly reports on demand.

 

How to Implement Security and Compliance Automation

There are three main approaches to automating your security processes:

1. Build Your Own (Custom Automation) – Develop in-house scripts, APIs, and workflows tailored to your organization’s specific needs. Integrate security tools, compliance frameworks, and reporting dashboards.

Pros: Maximum flexibility

Cons: Requires significant engineering resources and ongoing maintenance, which dilutes the value of automation. Plus, you are required to research and ensure continuous use of best-of-breed technologies and algorithms, which is not your focus.

2. Use a GRC Platform – Pre-built automation for risk assessments, compliance tracking and reporting.

Pros: Centralized compliance, automatic mapping 

Cons: Limited scope and limited scalability, requiring setup and customization work, and ultimately requiring manual processes to complement, leading to the same challenges we started with.

3. Automated Cybersecurity & Compliance Hub – All-in-one platforms that automate risk assessments, security controls, compliance and security frameworks, risk scoring and reporting in real time.

Pros: Ready-to-use, everything inside, proven ROI

Cons: Less customizable compared to the other options

Best for: Fast-growing service providers looking for scalable, hands-off security and compliance automation.

Cynomi’s vCISO platform is a cybersecurity and compliance management hub empowering service providers to scale their services by standardizing processes and automating time-consuming tasks. Powered by AI infused with CISO knowledge, Cynomi enables service providers to efficiently manage cybersecurity for more clients -saving time, boosting productivity, and enhancing service quality.

Discover Cynomi. Automate your processes today.

5 Risk Management Challenges MSPs Face – And How to Overcome Them

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Amie Schwedock Publication date: 24 March, 2025
vCISO Community
5 Risk Management Challenges MSPs Face - And How to Overcome Them

Risk management is not just a task, it’s the foundation for effective cyber security. In order to assess and manage risk, service providers need to determine the likelihood of threats, evaluate the business impact of those threats, and assess risk tolerance across different business functions. Once risks are identified, they must also develop and implement effective risk treatment and mitigation strategies that align with the client’s overall security goals.

The problem is that getting all of this right takes months when done manually. Risk assessments require collecting data from multiple sources, analyzing security gaps, prioritizing them based on the risks they pose to the business, and creating actionable remediation plans. Without an efficient process in place, security teams end up spending more time gathering information than actually mitigating risks.

In this blog, we’ll examine the five biggest challenges service providers face in risk management and offer a more efficient, effective way to overcome them.

Challenge 1: Manual risk assessments take months

The first step in risk management is identifying the risks, but that’s easier said than done. Traditional risk assessments are slow, labor-intensive, and inconsistent, making it difficult to provide clients with a timely and accurate risk picture.

One of the biggest challenges is that risk isn’t just about vulnerabilities, it spans compliance gaps, operational risks, and financial impact, each requiring a different data point and perspective. Alongside this, many service providers rely on spreadsheets and disconnected tools, leading to weeks (or even months) of back-and-forth just to complete an initial assessment.

Even after risks are identified, prioritization becomes another hurdle. Figuring out which risks matter most and how to allocate resources can be overwhelming. The result? Delays in security improvements, frustrated clients, and lost revenue opportunities.

Change 2: There is no clear roadmap for remediation

Even after risks are identified, the next challenge is deciding what to do about them. Creating a structured, prioritized, and actionable risk treatment plan is often where service providers struggle the most. 

A key issue is that risk treatment must align with business objectives, but many security professionals don’t get the opportunity to have meaningful conversations about how each risk impacts the organization financially and operationally. Clients want clear, digestible risk treatment plans, but the entire process, from assessment to prioritization to remediation and recommendations, can be overly complex or too vague.

A related challenge is the speed of implementation. Mitigation strategies often take too long to execute, leaving organizations vulnerable while security teams work through manual processes. Without a structured approach, risks remain unresolved for months, leaving businesses exposed and service providers struggling to demonstrate progress.

Challenge 3: It’s difficult to prove the value of risk management to clients

One of the biggest challenges for service providers is proving the value of risk management to clients. Many organizations don’t fully understand cybersecurity risks, and they often don’t see the ROI of these services unless it’s clearly articulated in business terms.

Clients want business outcomes, not technical jargon. Yet, too often, risk assessments are too technical, failing to connect cybersecurity risks to real-world business impact. Alongside this, a lack of clear reporting makes it hard to justify budgets. If a client doesn’t see tangible results, they may hesitate to invest further in security services.

Risk must be translated into financial and operational risk to bridge the gap, from discussing vulnerabilities to demonstrating how risks affect revenue, productivity, and compliance. Without clear and actionable reporting, risk management remains an invisible function, making it difficult to grow a business.

Challenge 4: Keeping up with compliance

Risk management and compliance go hand in hand. But keeping up with compliance frameworks like ISO 27001, NIST CSF, SOC 2, and GDPR adds another layer of complexity.

Each of these standards and every client has a different set of requirements and compliance needs. Risk assessments must be tailored to align with relevant frameworks, but doing this manually is time-consuming and inconsistent. Without an efficient process, security teams can struggle to stay up to date with consistently changing regulations. 

Meanwhile, clients expect security and compliance to be unified, and a disjointed approach leads to gaps in service and lost revenue opportunities. Without a streamlined way to map risk assessments to compliance requirements, service providers risk falling behind and missing critical regulatory obligations.

Challenge 5: Cybersecurity talent is in short supply

Cybersecurity professionals are in high demand but in short supply, and risk management expertise is especially difficult to find. For many MSSPs and MSPs, hiring a full-time risk analyst is not feasible. Skilled security professionals are expensive and hard to find, making it difficult for service providers to scale their offerings without increasing costs. At the same time, junior security staff struggle with complex risk assessments, as effective risk management requires deep expertise that many smaller security teams don’t have.

Scaling risk management without increasing headcount is another major challenge. Most MSSPs and MSPs need a way to deliver CISO-level risk management at scale, but without the right tools, they face resource constraints that limit efficiency and growth. Manual risk assessments remain bottlenecked by human limitations, preventing MSSPs and MSPs from growing their services effectively.

A Smarter Approach for Risk Management

Risk management doesn’t have to be a manual, slow, and overwhelming process. While the traditional approach takes months, new technology can change that. With the right tools, cyber security professionals can accelerate risk assessments, standardize treatment plans, and clearly communicate risk to clients—all without adding overhead.

A more efficient risk management approach should:

  • Automate risk assessments to replace time-consuming manual data collection.
  • Provide multi-layered risk insights that consider likelihood, impact, and business tolerance—all in one place.
  • Create structured, actionable treatment plans that help clients mitigate risk faster.
  • Deliver clear, business-focused reports that translate risk into financial and operational terms.
  • Align with compliance frameworks while going beyond checklists to proactively reduce security risks.

Technologies like Cynomi’s AI-driven vCISO platform help MSSPs and MSPs solve these challenges by streamlining and automating every step of the risk management process – from risk assessments to remediation planning and reporting. 

risk management overview

risk register

Screenshots of the Cynomi Risk Management Dashboard detailed risk heatmap and risk register offering a clear snapshot of risks ranked by severity and likelihood.

 

With Cynomi, what once took months can now be completed in days. Using a quick client onboarding questionnaire, the platform automatically identifies and prioritizes risks specific to each client, generating a comprehensive risk register with no manual effort. Built on expert CISO insights, the Cynomi risk register suggests the most relevant risks based on each client’s unique profile and generates a detailed heat map, offering a clear snapshot of risks ranked by severity and likelihood.

The risk register also provides a structured view of all identified risks, with associated tasks seamlessly mapped to enable automated remediation workflows, reducing manual effort and saving time. Service providers can customize risk tolerances and align security efforts with each client’s business goals.

As a central cybersecurity hub, Cynomi delivers an out-of-the-box yet customizable risk management framework, streamlining processes, eliminating bottlenecks, and improving efficiency across the platform.

For MSSPs and MSPs looking to turn risk management from a burden into a competitive advantage, the right technology can streamline processes, enhance efficiency, and prove value to clients.

Looking to streamline your risk management process and focus on what matters most? Book a demo to discover how Cynomi’s AI-powered platform simplifies risk management, saves time, and delivers insights that resonate with your clients.

The Power of Specialization: Why Focusing Your vCISO Practice on Niche Industries is a Game-Changer

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Amie Schwedock Publication date: 10 March, 2025
vCISO Community
The Power of Specialization_ Why Focusing Your vCISO Practice on Niche Industries is a Game-Changer

The Power of Specialization: Why Focusing Your vCISO Practice on Niche Industries is a Game-Changer

If you are reading this blog you know that the world of virtual Chief Information Security Officer (vCISO) services is growing and getting crowded. It’s easy to think that offering your expertise across multiple industries is the best way to grow your practice. It makes sense; more industries mean more clients, right? Well, does it really?

The reality is that trying to be everything to everyone can dilute your value and make it harder to stand out. Trust me—I learned this the hard way.

During the first two years of our practice, we struggled to generate leads. We were all over the place, trying to work with multiple industries (while not knowing how to message them), and in many cases, we didn’t even fully understand how some business models worked. We wasted a lot of time trying to figure it out.

I spent several years working in law firms and attended their annual legal technology conferences. In 2023, I attended one of these conferences again, and everything changed. Thanks to a combination of having a solid network in the legal space, a deep understanding of how law firms operate, and knowing how to talk to legal tech professionals and attorneys, I had real, meaningful conversations. Several of those conversations turned into qualified leads, and a good number of those leads became actual projects and long-term clients.

That experience taught me one simple truth: specialization works!

Let’s break down why focusing your vCISO practice on a specific niche could be the smartest business decision you’ll ever make.

1. Deep Industry Expertise Creates Value

When you stick to a niche, you gain the kind of knowledge that sets you apart. You’re not just another cybersecurity consultant—you become The Expert in that industry’s unique challenges, risks, and compliance requirements.

But here’s the kicker: it’s not just about technical know-how. A huge part of being a successful vCISO is connecting with other executives and key stakeholders—CIOs, CFOs, managing partners—on their terms. Every industry has its own language, priorities, and way of communicating. Knowing what matters most to these leaders helps you position security as a business enabler, not just an IT issue.

Curious about the results?

  • Faster problem-solving
  • Meaningful, business-aligned solutions
  • Stronger client relationships and deeper trust
  • Longer relationships
2. You’ll Stand Out from the Crowd

Let’s be honest—there’s no shortage of cybersecurity consultants. But when you brand yourself as the go-to vCISO for, say, law firms or insurance companies, you immediately differentiate yourself. You’re no longer competing with the masses.

Your messaging becomes clearer, your marketing dollars go further, and your expertise attracts clients who are specifically looking for what you offer. After all, clients don’t want someone who “gets cybersecurity”—they want someone who “gets them.”

3. Premium Pricing? Yes, Please!

Specialists get paid more—it’s that simple. When you focus on a specific industry, you’re not just selling your time or service; you’re selling a deep understanding that’s hard to replicate.

For example, one of our niches is the insurance industry. Insurance companies usually have big application development teams who are constantly working on customizations of their platforms to deliver value to policyholders, underwriters, and independent agents. Knowing how to build a Software Development Lifecycle (SDLC) program without stressing the engineering team or adding unnecessary hurdles will make you a lot of friends—and even better, the full support of the executive leadership team.

That kind of insider knowledge isn’t something you can learn on the fly. It’s what makes a specialized vCISO so valuable—and worth every penny.

4. Efficient Operations = Faster Growth

The beauty of specialization is that your processes become repeatable and scalable. Understanding the client’s Enterprise Architecture enables the creation of industry-specific frameworks, templates, and playbooks to improve efficiency and consistency.

  • Need to onboard a new client? Done in half the time.
  • Building out policies? Already have a set tailored for that industry.
  • Risk assessments? You know exactly what to look for.
  • Deliver executive reports and presentations? You know what they care about.

This efficiency means you can serve more clients without sacrificing quality—and without running yourself ragged.

5. Better Client Outcomes = Happier Clients

Knowing an industry well means proactively guiding clients to better decisions, not just reacting to problems. You understand how their business works, how they make money, what their concerns are, their inherited risk, emerging industry threats, and ultimately, how cybersecurity can help them grow—not just stay compliant.

In another example, last year, we helped a $1B insurance company improve their PCI-DSS compliance from 45% to 91% in about eight months. We created both strategic and tactical plans to drive improvement across several critical areas, ultimately helping them meet the requirements for a successful SAQ A attestation. After presenting this data to the company’s CEO, he requested periodic updates for the rest of the executive team.

That’s the kind of result that builds trust and long-term partnerships. And when your clients see real progress, they stick with you for the long haul.

6. Your Reputation Travels Faster Than You Think

Here’s the cool part about being a specialist—your name starts popping up everywhere. You’ll find yourself invited to speak at industry conferences, joining panels, and meeting decision-makers in all the right places.

Even better? Executives frequently communicate through Slack channels, collaboration calls, and other venues to exchange ideas. When CIOs, CTOs, and managing partners share stories, one of their favorite questions is, “Who’s helping you with this problem?” If your name comes up enough times, referrals start coming in.

Picture this: Becoming the vCISO everyone recommends because you’ve earned their trust and respect. That’s the power of niche focus.

Is focusing your vCISO Practice speaking to you?

Specialization isn’t limiting—it’s liberating. It sets you up as an expert, opens new doors, and ultimately makes your practice more profitable and sustainable. When you choose your niche, you’re not just another vCISO—you’re The vCISO for that industry.

One of my mentors once advised me to master one skill before moving on to the next. With time, I became a very strong routing, switching and voice engineer. Then, I became a strong cybersecurity and cloud professional. These specialization led to leadership rolls and I became a solid leader. Fast forward to the CA2Security era, by using my experience as a CTO and CISO at law firms and insurance carriers, I decided to focus our practice on these areas, and it is now yielding results.

So the question you need to answer is, what niche will you dominate?

The CISO’s CMMC Compliance Checklist

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Amie Schwedock Publication date: 7 March, 2025
Compliance
The CISO's CMMC Compliance Checklist

Few take cybersecurity as seriously as the United States Department of Defense (DoD), especially in 2025. While most organizations are exposed to various cyber threats, state-sponsored attackers target the suppliers and providers in the American defense supply chain.

For cybersecurity service providers, this presents both a challenge and an opportunity. This fact is especially true considering the DoD’s hefty annual budget, which has grown from $700 billion to $850 billion in the past three years. That’s a lot of income for thousands of contractors and subcontractors who will need to align their cybersecurity strategies with the DoD’s requirements —a standard known as the CMMC. The optimal way to achieve compliance is using a CMMC compliance checklist. 

What is CMMC, and what should MSPs and MSSPs know about it?

The Cybersecurity Maturity Model Certification (CMMC) is a formal certification that applies to all US Department of Defense (DoD) contractors and subcontractors in the defense supply chain. These vendors are referred to as the defense industrial base (DIB), including private sector institutions, partners, vendors, contractors, subcontractors, and individuals that access and handle Federal Contract Information (FCI) and Controlled Unclassified Information (CUI).

The CMMC model aids stakeholders in assessing the compliance of the IT systems of service providers (DIB) with relevant cybersecurity standards and best practices. While most organizations have some kind of cybersecurity policy that adheres to data privacy regulations and cybersecurity industry standards, the CMMC requires contractors (and the service providers in their supply chain) to re-classify the defense contract data they store or process according to the CMMC standard.

The rule for CMMC 2.0 compliance (CFR 32) will come into effect on October 1st, 2026, for all MSPs, MSSPs, and all other contractors in the DoD supply chain. While this seems like a distant deadline, CISOS must begin the certification process sooner rather than later to ensure they can implement all the necessary cybersecurity controls and policies to comply with CMMC.

CMMC Compliance

Source

CMMC Compliance Levels

The CMMC is a tiered model, with each level including different requirements according to the type of sensitive information the subcontractor handles. Complying with different maturity levels also costs different amounts of money and affects the length and complexity of the certification process.

Level 1: Basic Safeguarding of FCI

The most basic level of CMMC applies to organizations that only handle Federal Contract Information (FCI) and is aligned with the 15 cybersecurity requirements in the Federal Acquisition Regulation (FAR) 52.204-21.

This level entails meeting foundational cybersecurity practices like strong passwords, access management policies, etc. Companies looking to comply with CMMC Level 1 will be required to perform annual self-assessments for compliance verification.

Level 2: Broad Protection of CUI

The second level of the CMMC applies to organizations that handle Controlled Unclassified Information (CUI) and involves meeting the 110 security controls outlined in NIST SP 800-171

CMMC Level 2 compliance demands more robust and advanced cybersecurity policies. It focuses on enhancing cybersecurity practices like incident response planning, secure software development practices, and automatic data encryption.

Depending on the type of information processed, transmitted, or stored on the contractor or subcontractor information systems, compliance with this level of the CMMC may require the company to undergo a third-party assessment every three years by accredited CMMC Third Party Assessment Organizations (C3PAOs). Organizations may sometimes be allowed to submit a self-assessment instead, depending on their contract.

CMMC Model

Source 

Level 3: Higher-Level Protection of CUI Against Advanced Persistent Threats

The highest CMMC level is designed for corporations that handle CUI and are at risk of being targeted by Advanced Persistent Threats (APTs), which include state-sponsored attackers targeting critical defense supply channels.

To comply with CMMC Level 3, organizations first achieve a full Level 2 status. Then, you can add 24 additional and enhanced security controls from NIST SP 800-172. This process usually means integrating advanced tactics to strengthen cybersecurity postures, such as monitoring, pen testing, and others. 

Organizations seeking Level 3 CMMC compliance must undergo these assessments every three years by the Defense Contract Management Agency’s Defense Industrial Base Cybersecurity Assessment Center (DIBCAC). This requirement is different from the Level 2 triennial assessments, which C3PAOs carry out. 

Your Link in The Supply Chain: The CMMC Compliance Mandate for MSPs and MSSPs

MSPs and MSSPs that provide digital services to the DIB become parts of the defense supply chain themselves the moment they handle CUI or FCI. If your clients are looking to comply with CMMC, your business must comply with the same (or higher) level of CMMC compliance.

That said, the CMMC compliance mandate also presents a lucrative opportunity for MSPs and MSSPs that can invest in accreditation as CMMC Registered Practitioner (RP) or Registered Provider Organization (RPO). With a relatively low entry cost (circa $5,500/year), achieving one of the higher levels of compliance for MSSPs, or even becoming C3PAOs, can open a wealth of new business opportunities.

The Essential CMMC Compliance Checklist for CISOs

As per CMMC’s program rule, all businesses in the defense industrial base should take expedited action to gauge their compliance with existing security requirements and their preparedness to comply with CMMC assessments.

The essential CMMC compliance checklist we’ve prepared for CISOs and service providers is the basis for evaluating compliance preparedness with CMMC 2.0 Level 1. Based on the FAR 52.204-21 standard and the DoD CMMC assessment guide, the checklist addresses 15 requirements under six domains. It can be used in the mandatory annual self-assessment and executive affirmation.

It is worth noting that, unlike Levels 2 and 3, CMMC 2.0 Level 1 compliance demands meeting all 15 requirements and does not offer the option to include roadmaps or plans to implement the necessary security controls. The requirements allow organizations and their MSPs/MSSPs plenty of flexibility in implementing the controls.

Without further ado, let’s dive into the checklist. 

CMMC Level 1 Compliance

Access Control (AC)

The first domain of the CMMC cybersecurity compliance framework deals with who gets access to company information systems. It broadly defines what organizations should do to meet the criteria in three checklist items.

  • Limit information system access to authorized users, processes acting on behalf of authorized users, or devices (including other information systems).
  • Verify and control/limit connections to and use of external information systems. 
  • Control information posted or processed on publicly accessible information systems. 

To meet the requirements, an organization can employ an Identity Access Management (IAM) system to manage all the users, processes, and devices that are allowed access to company systems. Ideally, the organization will implement a role-based access control (RBAC) scheme for all its systems, with least privilege principles enforced throughout the account lifetime.

Identification and Authentication (IA)

The second domain of the framework is tightly related to the first and focuses on ensuring that users, processes, and devices are identified and authenticated to access company information systems.

  • Identify information system users, processes acting on behalf of users, or devices. 
  • Authenticate (or verify) the identities of those users, processes, or devices as a prerequisite to allowing access to information systems.

A best practice is to deploy IAM systems or centralized authentication services to ensure accounts are managed securely and are only accessible to their authorized users.

Media Protection (MP)

The media protection requirement means organizations must destroy or otherwise purge FCI from any kind of data storage media (from papers to servers) before reuse or disposal.

  • Sanitize or destroy information system media containing Federal Contract Information before disposal or release for reuse.

Physical Protection (PE)

The next domain pertains to unauthorized individuals’ physical access to organizational information systems. It outlines the actions businesses should take to minimize the risk of unauthorized access to FCI records.

  • Limit authorized individuals’ physical access to information systems, equipment, and the respective operating environments.
  • Escort visitors and monitor visitor activity; maintain audit logs of physical access; and control and manage physical access devices.

Physical Protection (PE)

Source 

System and Communications Protection (SC)

This domain directs CISOs to implement communication monitoring, logging, and separation of networks and system components, whether physically or virtually, to limit potential attackers’ lateral movement.

  • Monitor, control, and protect communications (i.e., information transmitted or received by information systems) at the external and key internal boundaries of the information systems. 
  • Implement subnetworks for publicly accessible system components that are physically or logically separated from internal networks.

System and Information Integrity (SI)

Last but not least is the domain of integrity and prevention. The four requirements in this domain demand that organizations take proactive steps to ensure their information systems are safe from malicious code and potential system flaws.

  • Identify, report, and correct information and information system flaws in a timely manner.
  • Protect against malicious code at appropriate locations within information systems.
  • Update malicious code protection mechanisms when new releases are available.
  • Perform periodic scans of the information system and real-time scans of files from external sources as files are downloaded, opened, or executed.

Streamline CMMC Compliance With Cynomi’s vCISO Platform

The CMMC certification required for contractors and subcontractors in the American defense sector is necessary for anyone involved in the DoD supply chain. Our checklist includes items for the foundational level of the certification. Higher certification levels are much more costly (circa $100,000, excluding any additional investments needed to meet the standard requirements) and more complicated to conduct.

Regardless of the CMMC compliance process’s level or scope, Cynomi’s vCISO platform automates the painstakingly long stages of information gathering and streamlines CMMC compliance assessments at scale. Cynomi automates compliance assessments for multiple frameworks and delivers automatically generated tailored policies and strategic remediation plans. 

MSPs/MSSPs can use Cynomi to eliminate the planning hassle and stand out in the competitive market without needing to develop in-house expertise or scale existing resources. 

To learn more about Cynomi, request a demo today.

The Essential Cyber Insurance Risk Assessment [XLS Download]

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Amie Schwedock Publication date: 24 February, 2025
Compliance
The Essential cyber insurance risk assessment [XLS Download]

Behind every fast-paced phishing simulation and the adrenaline rush of incident response, there’s a less riveting and glamorous aspect of cybersecurity: insurance coverage. While insurance, in general, may not stir excitement among organizations, it’s the safety net that ensures business continuity in the worst-case scenarios. 

Cybercrime will reach lucrative new heights in 2025, costing businesses $10.5 trillion. So, it’s no wonder that companies are looking for more coverage; in turn, insurers expect greater visibility into their policymakers’ cybersecurity practices. Hence, many organizations turn to third-party consultants and MSPs/MSSPs to ease the process of conducting a cyber insurance risk assessment on their side.

What is a cyber insurance risk assessment?

A cyber insurance risk assessment is a high-level audit of an organization’s risk levels for insurance underwriting. It entails a systematic evaluation of cybersecurity threats to organizations and measures taken to mitigate them, including processes, technologies, and protocols for day-to-day employee operations.

Cyber Risk Assessment vs Cyber Insurance Risk Assessment 

A cyber insurance risk assessment is similar to a cyber risk assessment in many ways. Both are in-depth audits that aim to identify and prioritize potential cybersecurity risks to the organization’s IT infrastructure, processes, and digital assets. However, there are three key differences between the two:

  • Who conducts the assessment: A cyber risk assessment is typically conducted periodically, either internally or through a Managed Security Service Provider (MSSP), while a cyber insurance risk assessment is executed by an insurer prior to issuing a cyber insurance policy.
  • The goal of the assessment: While cyber risk assessments aim to estimate the overall resilience of the organization’s IT assets and infrastructure, cyber insurance risk assessments are primarily used in the underwriting process of cyber insurance policies to determine whether and what coverage should be approved.
  • The outcome: Cyber risk assessments are usually informational in nature and can guide businesses in updating and adjusting their cybersecurity strategies and protocols. Cyber insurance risk assessments, on the other hand, impact the premiums and coverage an insurer will be willing to provide based on the level of risk measured.

comparing cyber risk assessments

From an MSSP perspective, helping organizations prepare for insurers’ cyber insurance risk assessments is an added-value service with increasing demand. By providing their clients with a cyber insurance risk assessment report, MSSPs can aid businesses in pinpointing and bridging the security gaps and cyber risks that may impact the likelihood of policy approval at a cost-effective premium.

The Headache of Qualifying for Cyber Insurance

Insurers increasingly scrutinize organizations’ cybersecurity strategies during the underwriting process and provide cost-effective policies only to those who prove their commitment to active protection against cyber threats. As a result, organizations must take the time to prepare for a cyber insurance risk assessment and conduct one internally beforehand to ensure they can address the gaps and issues that may hinder cost-effective and comprehensive cyber insurance.

questions cyber

How a Cyber Insurance Risk Assessment Helps MSP/MSSP Clients Get Their Insurance Right 

When conducted with the help of an MSP/MSSP, a cyber insurance risk assessment acts as a rehearsal for the assessment that a cyber insurance provider will conduct. It is also a vital service that aids businesses in defining and ensuring proper coverage for the specific areas where risks cannot be prevented or mitigated fully through other means.

Your customers can also benefit from a cyber insurance risk assessment as an overview of their business’s cybersecurity posture and specific risks that demand adequate attention. In a sense, it is equivalent to a cyber risk assessment regularly conducted internally.

For MSPs/MSSPs, this is an opportunity to upsell services and solutions to mitigate the risks discovered and lower the overall cyber risk to the organization. For businesses, the expertise and insights provided by a professional MSSP are invaluable in addressing risks and choosing the right policy that aligns with the specific organization’s risk profile and coverage needs.

 

The Essential Cyber Insurance Risk Assessment Template

Cyber insurance policy coverage and costs depend heavily on numerous factors (like industry, business size, etc). Nonetheless, below is a list of requirements for a comprehensive cyber insurance risk assessment template.

1. Organize Incident and Cyber Loss History

Like with other types of insurance, carriers will ask about past incidents and events that had a financial impact on the business before they issue a policy. In some cases, the insurer may demand that the policy applicant provide detailed reports for each event or incident, including:

  • Date and time of the incident
  • Type of incident (e.g., ransomware, data breach, phishing attack, DDoS attack)
  • Description of the incident and its impact
  • Root cause analysis
  • Remediation steps taken
  • Total financial losses incurred (including recovery costs, legal fees, etc.)
  • Duration of downtime and business disruption


incident reporting for insurance

2. Leverage Compliance With Cybersecurity Frameworks

Adhering to voluntary cyber security industry standards and data privacy regulations is a proven way to lower cyber risk. It demonstrates to insurers that many controls and policies they expect to see are already in place. Some of the standards and frameworks that often appear in cyber insurance application forms include:

That said, customers should be prepared to pay a higher premium when looking for a comprehensive cyber insurance policy that covers non-compliance fines and related costs.

3. Set Formal Information Security Policies and Incident Response Plans

Another best practice is to invest in a set of cyber security policies and a comprehensive incident response plan. Depending on the type of organization, MSP/MSSP clients may require different types of policies, including but not limited to:

  • Network security policy: Defines rules for network access, firewall management, and network segmentation.
  • Remote access policy: Secures remote connections with measures like VPNs and multi-factor authentication.
  • Password management policy: Enforces strong password creation, complexity requirements, and regular updates.
  • Data management policy: Governs data handling, storage, access, and retention.
  • Acceptable use policy: Defines acceptable employee behavior regarding technology and internet usage.

4. Enforce Strong Access Controls

Prevention of unauthorized access to sensitive information is vital to any cyber security strategy, and insurers expect businesses to implement robust access controls to mitigate identity-related breaches.

One of insurers’ most basic requirements is the implementation of multi-factor authentication (MFA) to reduce the risk of unauthorized access to company accounts through the use of compromised passwords alone. Insurers will often expect organizations to employ identity access management (IAM), role-based access, and user monitoring to protect sensitive data.

how does mfa work?

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5. Implement Robust Backup and Recovery Strategies

Strong data backup and recovery policies can make a huge difference in the cost of a cyber attack. Insurers will often demand that you store off-site or offline backups of mission-critical data and have a disaster recovery plan that details the process of service restoration and data recovery.

In addition to backups and rollback procedures for impacted systems, it’s important to adopt a testing policy for backups, recovery tools, and procedures to ensure they are ready and functional when needed. As a minimum, MSP/MSSP clients should prepare:

Backup solutions: Implement a comprehensive backup strategy, including:

  • Cloud backups (e.g., AWS S3, Azure Blob Storage) for offsite data protection.
  • On-premises backups for local redundancy.
  • Adherence to the 3-2-1 backup rule (3 copies of data, 2 different media, 1 offsite).

Disaster recovery planning: Develop a detailed disaster recovery plan with clear:

  • Recovery Time Objective (RTO): The maximum acceptable time to restore systems after an outage.
  • Recovery Point Objective (RPO): The maximum acceptable amount of data loss in case of an incident.
  • Business continuity planning to ensure critical operations continue during disruptions.

6. Conduct Employee Cyber Training

The human factor is often the weak spot of many cybersecurity strategies. Therefore, it’s no surprise that insurers prefer policyholders who consistently invest in effective employee training and education on cyber threats that involve social engineering techniques, like:

  • Phishing and social engineering awareness
  • Password security best practices
  • Safe web browsing habits
  • Data security policies and procedures
  • Recognizing and reporting suspicious activity

MSP/MSSP clients can utilize a learning management system (LMS) to deliver and track training. Another best practice is to adapt training to the knowledge levels of each person/department/role; after all, organizations can’t expect a marketing professional to have the same in-depth understanding of cybersecurity as a developer. 

7. Execute Regular Vulnerability Scans

Cyber threats and risks can morph and change, both due to external factors and internal ones (such as introducing new connected systems to the organization’s network). Insurers expect businesses to stay ahead of the curve by providing records of regular:

  • Vulnerability scans: Regularly scan systems and applications for known vulnerabilities.
  • Penetration tests: Conduct periodic penetration tests to simulate real-world attacks and identify vulnerabilities that automated scans might miss.
  • Third-party risk assessments: Assess the security posture of third-party vendors and partners who have access to your systems or data.

penetration testing vs vulnerability assessment

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8. Keep All Data Assets Classified and Handled Accordingly

Data asset classification goes hand in hand with IAM and access control enforcement. By segmenting data according to sensitivity and value, the organization can effectively focus protection efforts on the most valuable assets at risk.

Insurers favor organizations with a clear data classification policy to identify sensitive data (such as client payment information or patient health records) and intellectual property on business servers and systems. In addition, the insurer will expect to see a data encryption policy that protects this data from unauthorized access, even if the database is compromised.

9. Schedule Regular Software Updates and Patches

Regular application of security patches and software updates are key to protecting systems from known vulnerabilities—a positive effort in the eyes of insurers, and an essential addition to any cyber insurance risk assessment. The easiest way to achieve this is by automating patching and updating policies:

  • Patch management: Implement a patch management system to automate the deployment of software updates and security patches.
  • Vulnerability prioritization: Prioritize patching based on the severity of vulnerabilities and the likelihood of exploitation.
  • Rollback plans: Develop rollback plans in case patches cause unexpected issues.

Preparing Organizations for a Cyber Insurance Risk Assessment with Cynomi

In 2025, insurance providers will demand that businesses showcase their commitment to cyber risk management. As part of the underwriting process, they will often conduct a cyber risk insurance assessment to determine the level of said commitment and demand assurances and proof for every item on their cyber insurance application form.

Cynomi’s AI-driven platform enables customized risk assessment scenarios that help MSPs/MSSPs prepare their clients for insurer scrutiny. Cynomi features automated policy creation and management features, plus actionable remediation plans, helping MSPs/MSSPs continually improve their clients’ cyber resilience and maintain insurability. 

Cynomi’s vCISO platform automates cyber assessment processes, making them easy and efficient. Its client-facing dashboards and reporting features allow MSPs/MSSPs to prove ongoing success, show cybersecurity posture, and highlight upsell opportunities to close security gaps. Whether your MSP/MSSP strives to scale or set up vCISO services, the Cynomi platform makes these goals achievable while reducing operational costs and professional knowledge gaps. 

Book a personal Cynomi demo today.

The InfoSec Guide to Compliance Automation

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Amie Schwedock Publication date: 14 February, 2025
Compliance
The InfoSec Guide to Compliance Automation

Every InfoSec professional knows the feeling of drowning in compliance tasks. Once a luxury for tech-focused organizations, compliance automation is necessary for building resilience. Without it, the challenge of safeguarding sensitive information and meeting regulatory requirements is too steep to overcome. It’s especially true for MSPs/MSSPs juggling complex compliance across a suite of clients. 

As digital transformation and automation gained a robust foothold in most modern organizations, the compliance automation market saw an impressive annual growth of 17.2% in 2024. MSPs/MSSPs continue to be a key driver of this demand, leveraging these solutions to offer services at scale without significant operational costs or headcount increases.

Compliance Automation: The Goal and Why It Matters

Staying compliant with industry standards and regulations is a battle on multiple fronts. MSP/MSSP experts must maintain current knowledge of various standards (like GDPR, HIPAA, PCI DSS, NIS 2, and ISO 27001), conduct risk assessments, create and maintain documentation, and more. The majority of these tasks are time-consuming, repetitive, and prone to errors, which is where automation excels.

Compliance automation tools utilize technologies like machine learning to automate tedious tasks, ensuring reliable results. These tools can conduct risk assessments, generate documentation, collect and analyze information, and offer a centralized hub for monitoring processes. Streamlining and automating these functions is essential for accuracy and time savings, particularly for Managed Service Providers (MSPs) or Managed Security Service Providers (MSSPs) aiming to scale their operations with new clients.

streamling compliance processes

Why You Should Invest in Compliance Automation

Automated solutions provide a lifeline by offering features like real-time updates and dynamically adjusting to regulatory changes with automated notifications and updates. These tools enable MSPs/MSSPs to offload tedious manual tasks like policy management, evidence collection, and reporting, freeing up valuable time for strategic initiatives.

Demonstrating a commitment to cutting-edge technology and robust compliance practices is paramount in the competitive market. Automation empowers MSPs and MSSPs to enhance client trust by showcasing a proactive and sophisticated approach to compliance. It also streamlines communication by easily generating comprehensive, audit-ready reports, reducing communication overhead and fostering transparency. 

How to Get Started With Compliance Automation

Getting started with compliance automation is not a decision MSP/MSSP clients can take lightly. It requires careful planning, strategic evaluation, and a commitment to long-term implementation. 

1. Identify Key Compliance Requirements

As all MSPs/MSSPs know, compliance is not a one-size-fits-all endeavor. For example, a fintech startup processing online payments will have vastly different compliance requirements than a hospital managing sensitive patient data.

The regulations and standards clients may adhere to include GDPR, HIPAA, PCI DSS, and ISO 27001. To ensure no critical requirements are overlooked, create a comprehensive checklist to assess compliance needs:

  • Industry Identification: What sector does the client operate in?
  • Geographical Locations: Where does the client do business? Where is their data stored and processed?
  • Data Inventory: What types of data does the client collect, store, and process?
  • Regulatory Mapping: Based on the above information, which regulations and standards are likely to apply?
  • Compliance Gaps: Are there any areas where the client is not currently meeting compliance requirements?
  • Remediation Plan: What steps need to be taken to address any identified gaps?

timeline

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2. Choose the Right Tools

While many general-purpose cybersecurity tools offer features that can assist with compliance, investing in dedicated compliance automation solutions can significantly enhance efficiency and effectiveness. These specialized tools are purpose-built to address the unique challenges of regulatory compliance, offering features like:

  • Automated Risk Assessments: Streamline the identification and evaluation of compliance risks with automated questionnaires, vulnerability scans, and data discovery tools.
  • Compliance Mapping: Easily map controls to specific regulatory requirements, ensuring comprehensive coverage and reducing the risk of gaps.
  • Policy Management: Centralize and automate the creation, distribution, and enforcement of compliance policies.

3. Implement Employee Training

While automation is a powerful tool for streamlining compliance processes, it’s not a magic bullet. Human error remains a significant factor in cybersecurity vulnerabilities, underscoring the critical need for skilled personnel to manage and oversee automated systems.  

Clients need trained personnel to define, oversee, and operate automation. As an MSP/MSSP, you should offer training sessions not only for your employees but also for your clients’ teams. The training could include security awareness, data privacy, and cloud security

 4. Establish Clear Policies and Procedures

Clear policies and procedures untangle the complexity of compliance automation, acting as a roadmap for consistency. A best practice is to create templates and checklists for each:

  • Incident Response Plan: Develop a detailed plan outlining the steps to be taken in the event of a security breach or compliance violation.
  • Data Handling Procedures: Establish clear procedures for collecting, storing, processing, and disposing of sensitive data.
  • Access Control Policy: User authentication and authorization procedures (e.g., strong passwords, multi-factor authentication).
  • Vendor Management Policy: Vendor risk assessments and monitoring to ensure that third-party vendors comply with relevant security and compliance requirements. 

cyber security policies 2

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5. Conduct Regular Compliance Assessments

Establishing a compliance program is a significant achievement for MSP/MSSP clients, but the hard work doesn’t end there. Compliance is an ongoing journey that requires continuous monitoring, documentation, and reassessment to ensure clients’ security posture remains strong and adapts to evolving threats and regulatory changes.

An automated central hub can provide the base of operations from where you launch your periodic audits. For example, tools like Cynomi’s AI-driven vCISO platform help you manage and monitor your clients’ compliance processes within a single platform.

How New Software Can Accelerate Compliance Automation Strategies 

Compliance automation software with built-in reporting features allows MSPs and MSSPs to demonstrate progress. Detailed audit-ready reports highlight clients’ compliance posture, positioning MSPs/MSSPs as trusted partners. Leveraging this with case studies opens doors for upsell opportunities and acquiring new clients.

Audits are a critical aspect of compliance, and audit readiness can be quite challenging without automated tools. Automated compliance tools store all necessary documentation, such as policies, procedures, and audit trails, in a centralized location. When the time comes for an audit, extracting the necessary information proving your compliance efforts will be a simple process.

Types of Compliance Automation Software

Types of Compliance Automation Software

Compliance automation software comes in various forms, from specialized to generalized. Whether you combine two or more tools to meet your needs or choose a more complete solution, you should know the different types of platforms available.

  • vCISO Platforms – Tools like Cynomi’s vCISO platform automate risk assessments, compliance mapping, and reporting, providing a centralized hub for managing multiple clients.
  • GRC (Governance, Risk, and Compliance) Platforms – GRC platforms help organizations manage compliance tasks, conduct risk assessments, and maintain audit trails.
  • SIEM (Security Information and Event Management) Systems – These platforms monitor security events and integrate compliance reporting into threat detection processes.
  • Policy Management Software – These tools simplify creating and maintaining compliance policies aligned with industry standards.
  • Automated Monitoring Tools – Automated monitoring solutions continuously assess systems for vulnerabilities and generate alerts for potential compliance violations.
  • Policy as Code – Provides consistent enforcement of compliance policies across environments and Reduces human error by automating policy validation.

 

Scale Your Compliance Workflow With Cynomi

As an MSP/MSSP, incorporating compliance automation tools into your workflow is the natural choice. Without automation, your overhead for acquiring new clients will remain the same, and you’ll have to grow your workforce in lockstep with your clients.

But the benefits don’t stop at scaling. Incorporating cyber security automation into your workflow is crucial to maintaining a high standard of operations. The right tools make monitoring, policy, risk assessment, and compliance readiness easier and faster. 

Combining expertise from CISOs with proprietary AI algorithms, Cynomi automates risk assessments, customizes compliance questionnaires, and maps controls. This holistic approach of a vCISO platform helps MSPs and MSSPs to scale operations while minimizing overhead.

Book a demo today to see what Cynomi can do for you. 

Cybersecurity Compliance: The CISO’s Essential Guide

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Amie Schwedock Publication date: 10 February, 2025
Compliance
Cybersecurity Compliance: The CISO's Essential Guide

From safeguarding personal data to protecting critical infrastructure, compliance regulations are continually reshaped by the evolving technology and societal landscapes. The CISO position has undergone a similar evolution. The transformation of the CISO role is pushing these professionals towards a more autonomous stance, approaching their work from a mindset similar to that of the external auditors and other bodies responsible for cybersecurity compliance checks. 

This shift stems from boards, investors, and external parties wanting more transparency in cybersecurity programs. In fact, recent research shows that governance, risk, and compliance are now the top priorities for CISOs, and this sentiment is unlikely to change any time soon. 

Cybersecurity Compliance Regulations Every CISO Should Know

General Data Protection Regulation (GDPR)

GDPR regulates how the personal data of individuals within the EU and EEA is collected, stored, and processed.

Compliance tips for meeting GDPR requirements:

  • Train client-facing teams to handle queries about data protection and privacy effectively.
  • Use data minimization to only process the minimum level of personal data needed to deliver your services. 
  • Opt for data mapping and classification technologies to automate compliance and ensure real-time oversight of data flows and storage.

Network and Information Systems (NIS 2) Directive

Another brainchild of EU regulators, NIS 2 tries to improve cybersecurity across vital sectors such as energy, transport, health, and digital infrastructure. 

Compliance tips for meeting NIS 2 requirements:

  • Build tailored risk profiles for clients in each sector covered under NIS 2 (e.g., energy, transport, healthcare).
  • Conduct scenario-based training sessions to prepare for rapid incident response as stipulated by the NIS 2 directive.
  • Identify and secure critical third-party systems in client supply chains (NIS 2 extends accountability to supply chain vulnerabilities).

enhancing cybersecurity

Cyber Resilience Act (CRA)

Proposed by the European Commission, the CRA came into force in December 2024, but its obligations will not apply to businesses until December 2027. It aims to set standards for the cybersecurity of any products with digital elements (e.g., connected IoT devices, firmware embedded in hardware). Products currently in development or planned for release after December 2027 need to be designed with CRA compliance in mind from the start.

Compliance tips for meeting CRA requirements:

  • Map your digital product ecosystem by compiling an inventory of all products with digital elements your organization develops, distributes, or supports, including embedded software and third-party components.
  • Audit and update contracts with third-party suppliers and vendors to ensure their components meet CRA standards.

Health Insurance Portability and Accountability Act (HIPAA)

Enacted in 1996 in the United States, HIPAA addresses the need to secure protected health information (PHI) by promoting data privacy and security provisions for this data. It is a critical law for businesses providing services to healthcare sector clients in the U.S.

Compliance tips for meeting HIPAA requirements:

  • Design and enforce RBAC policies that limit access to PHI strictly based on the principle of least privilege.
  • Use logging systems that create tamper-proof audit trails for all access to PHI.

 

RegulationScopeKey RequirementsCompliance Tips
GDPRPersonal data of individuals in the EU and EEALawful data collection, storage, and processing; Data subject rights (access, rectification, erasure, etc.); Data breach notification– Train client-facing teams on data protection

– Minimize data collection

Use data mapping and classification tools

NIS 2Cybersecurity of vital sectors in the EU (energy, transport, health, digital infrastructure)Risk management; Incident response; Supply chain security– Build sector-specific risk profiles

– Conduct scenario-based incident response training

– Secure third-party systems in client supply chains

CRACybersecurity of products with digital elements (IoT devices, firmware)Security standards for product development and lifecycle; Vulnerability management and reporting– Map digital product ecosystem

– Audit and update supplier contracts to ensure CRA compliance

HIPAAProtected health information (PHI) in the United StatesConfidentiality, integrity, and availability of PHI; Access control; Audit trails– Enforce role-based access control (RBAC) for PHI

– Use tamper-proof logging systems for PHI access


Reasons Why You Should Prioritize Cybersecurity Compliance

It might seem that the sole driver of cybersecurity compliance is avoiding harsh penalties (more on those later), but a CISO’s role is to shift perspective and view compliance as something more beneficial than just bypassing financial fallouts.

In a world where data breaches often make news headlines, trust is as valuable as the services you provide. Businesses prioritizing compliance gain a clear competitive edge in winning and retaining clients, especially those in heavily regulated industries like healthcare, finance, and energy.

Compliance standardizes security processes as regulations are built around industry best practices for cybersecurity. Adhering to them inherently improves your defenses, and requirements like vulnerability assessments, incident response plans, and data encryption align closely with proactive risk management. 

the multifaceted benefits of cybersecurity compliance

Penalties and Consequences for Cybersecurity Compliance Failures 

Penalties for cybersecurity compliance failures vary greatly depending on the specific regulation and the nature of the violation. To illustrate the potential consequences, let’s take a look at two prominent examples: GDPR and HIPAA.

GDPR enforces a tiered approach to fines:

  • Lower Tier: Fines up to €10 million or 2% of the company’s global annual turnover, whichever is higher, for less severe infringements.
  • Upper Tier: Fines up to €20 million or 4% of global annual turnover, whichever is higher, for more serious violations. 

HIPAA violations can result in:

Civil penalties with fines ranging from $100 to $50,000 per violation, with an annual maximum of $1.5 million for identical provisions.

Beyond these clearly defined penalties, there are other costs of compliance failures that make for hefty financial fallouts. Non-compliance can:

  • Lead to higher cyber insurance premiums.
  • Severely damage a company’s reputation, leading to loss of customer trust and potential business downturns.
  • Trigger regulatory investigations and corrective actions that disrupt business operations and divert resources from strategic initiatives.
  • Result in legal proceedings, including class-action lawsuits, especially in jurisdictions that allow private rights of action for data breaches.

 

8 Steps to Set Up the Ultimate Cybersecurity Compliance Program

Creating a robust and proactive compliance program isn’t about checking boxes; it’s about facilitating a culture of security and resilience. Here’s an eight-step guide CISOs can use to establish a comprehensive cybersecurity compliance program that effectively mitigates risks.

cybersecurity compliance process

1. Curate a Dedicated Compliance Team

While compliance ultimately falls on the CISO’s desk, the responsibility and to-do lists are far too comprehensive for one person. A focused compliance team ensures there’s always someone driving the agenda, staying ahead of regulations, and holding the organization accountable. Build a team with cross-functional expertise—security, legal, IT, and operations. 

This group should lead audits, track regulatory updates, and manage client-facing compliance services. 

2. Conduct Regular Risk Assessments

Tools like Cynomi can save days of manual effort by tailoring assessments to specific regulations, automatically identifying gaps, and prioritizing fixes. Make this process iterative so you’re constantly adapting to new threats and system changes.

3. Establish Clear Accountability

Compliance tasks often fall through the cracks because roles are not clearly defined. Accountability ensures the right people are handling the right aspects of compliance. 

You can use a RACI matrix to map out responsibilities for everyone involved—who owns the risk assessments, who signs off on policies, and who manages incident reporting. Share this framework across teams so there’s zero ambiguity when auditors or clients ask tough questions.

4. Build Sector-specific Compliance Frameworks

Your clients don’t all play by the same rules, and neither should your compliance strategy. An effective strategy is to develop tailored playbooks for industries like healthcare (HIPAA), finance (PCI DSS), or critical infrastructure (NIS 2). 

Include specific risk scenarios, required controls, and reporting templates. These playbooks aren’t just useful for audits—they also show clients you understand their world.

which industry

5. Invest in Compliance Automation

CISOs don’t need convincing about the benefits of automation, but many need the justification to include it in the next budget. Invest in tools that can track compliance continuously, generate audit-ready reports, and identify vulnerabilities in real time. 

Integrate these systems into your cybersecurity workflows to reduce redundancy and improve visibility across your organization and client environments.

6. Use a Compliance-driven Vendor Management Program

Regulations like GDPR and NIS 2 hold CISOs accountable for the actions of suppliers and partners. A best practice requires vendors to provide evidence of their compliance posture, such as certifications or audit reports. Here’s where automated vendor risk management tools can help streamline the execution of regular security control assessments and flag non-compliance in contracts. 

7. Centralize Documentation

One of CISOs’ biggest pain points during audits is the inability to quickly produce compliance documentation. To address this, use a centralized repository to store all compliance-related documents, policies, and reports. Implement access controls to ensure sensitive information is only available to authorized users. 

Automate document versioning and updates to maintain accuracy and alignment with evolving regulations.

8. Run Real-world Compliance Scenarios

Simulations aren’t just for incident response—they can also test your employees’ compliance readiness under real-world conditions. 

Create mock scenarios replicating common compliance challenges, such as a ransomware attack requiring GDPR’s 72-hour breach notification. Evaluate how well your team handles reporting, documentation, and communication with regulators.

Complete Visibility and Compliance Automation With Cynomi

One factor that rings true when discussing compliance is the need to automate. Choosing a vCISO platform like Cynomi significantly reduces the manual work MSPs/MSSPs must undertake to support clients with frameworks like GDPR and NIS 2, as discussed above. 

Cynomi combines CISO expertise with AI to automate vCISO tasks, enabling MSPs/MSSPs to focus less on repetitive compliance assessments and more on upselling services and delivering true value to clients. Organizations like CA2 Security have already used Cynomi’s vCISO to upgrade to pre-built and streamlined risk assessments, enabling them to understand their clients’ domains and security gaps. 

For example, Cynomi tailors questionnaires and scans for each client to automatically build each client’s cyber profile. Then, the Cynomi engine continually parses the cyber profile of each client against relevant external sources like frameworks and industry benchmarks. MSPs/MSSPs can gain total visibility over compliance efforts and gaps by leveraging Cynomi’s findings to substantiate service upsells and demonstrate the impact of services.  Request your demo today.

Top Certifications to Establish Your vCISO Brand as a Trusted Advisor

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Amie Schwedock Publication date: 27 January, 2025
vCISO Community
Top Certifications to Establish Your vCISO Brand as a Trusted Advisor

The demand for Virtual Chief Information Security Officers (vCISOs) has skyrocketed as organizations increasingly seek cybersecurity leadership on a flexible basis. For cybersecurity experts, the vCISO role is a rewarding opportunity to leverage technical expertise, leadership skills, and business acumen. However, transitioning to this role requires more than technical knowledge—it demands certifications, strategic thinking, and the ability to scale security solutions. 

Let’s explore the key certifications needed to succeed in this dynamic field.

 

Chief Information Security Officer (CISO) Certifications

Certified Chief Information Security Officer (CCISO) 

Offered by EC-Council, the CCISO certification is designed for professionals aspiring to or currently occupying executive-level positions. This program focuses on management, governance, and strategic aspects of information security, equipping candidates with the skills needed to lead an organization’s security initiatives.

Why it’s important: Prepares you to oversee cybersecurity programs at a leadership level.

Where to get certified: ECI Council

Certified Virtual Chief Information Security Officer (CvCISO)

Provided by SecurityStudio, this certification sets the industry standard for vCISOs, offering a comprehensive framework tailored to virtual security leadership. With levels ranging from foundational to expert, this program accommodates professionals at every stage of their career.

Why it’s important: Establishes credibility in the emerging vCISO field with a structured, recognized certification.

Where to get certified: Security Studio

Thinking and Communicating Like a CISO

This course from The vCISO Academy focuses on developing the essential CISO mindset. It includes strategic thinking, executive communication, and leadership skills crucial for building trust with clients and driving business-aligned cybersecurity strategies.

Why it’s important: Equips you to navigate boardroom discussions and align security priorities with business objectives.

Where to get certified: The vCISO Academy

 

General Cybersecurity Leadership Certifications

Certified Information Systems Security Professional (CISSP)

Administered by (ISC)², CISSP validates a deep understanding of operational and technical aspects of cybersecurity. This certification requires at least five years of experience in two or more of its eight domains, such as risk management, software development security, and asset security.

Why it’s important: Widely regarded as a benchmark for comprehensive cybersecurity expertise.

Where to get certified: ISC2

Certified Information Security Manager (CISM)

Offered by ISACA, CISM emphasizes managing and aligning information security programs with business objectives. This certification is tailored for those overseeing enterprise-level security strategies and initiatives.

Why it’s important: Balances technical expertise with strategic governance, ideal for leadership roles.

Where to get certified: ISACA

Delivering vCISO Services

The vCISO Academy offers a course that dives into mastering the first 100 days of vCISO services. It covers avoiding common pitfalls and creating actionable plans to deliver value quickly.

Why it’s important: Provides actionable frameworks to launch your vCISO practice effectively.

Where to get certified: The vCISO Academy

 

Compliance and Governance Certifications

Certified in Governance, Risk and Compliance (CGRC)

Previously known as CAP, CGRC by (ISC)² focuses on risk management, compliance frameworks, and governance. This certification is vital for vCISOs managing regulatory and compliance initiatives.

Why it’s important: Establishes expertise in ensuring organizations meet compliance obligations.

Where to get certified: ISC2

Certified in the Governance of Enterprise IT (CGEIT)

ISACA’s CGEIT certification is designed for professionals tasked with managing or advising on IT governance frameworks. It’s particularly valuable for aligning cybersecurity initiatives with broader enterprise goals.

Why it’s important: Demonstrates proficiency in integrating IT governance with business strategies.

Where to get certified: ISACA

 

Auditor/Assessor Certification

Certified Information Systems Auditor (CISA) 

Also offered by ISACA, CISA focuses on auditing, monitoring, and assessing an organization’s IT systems. It’s a globally recognized certification for professionals involved in control and compliance.

Why it’s important: Enhances your ability to evaluate and improve IT security frameworks.

Where to get certified: ISACA

 

Tips for Choosing the Right vCISO Certification

Selecting the best certification for your journey as a vCISO depends on your current expertise, career goals, and the value the certification brings to your target market. However, here are some considerations that will help. 

  • Assess your current expertise: Are you transitioning from a technical role, or do you already have leadership experience? This will help determine if you need foundational certifications (like CISSP or CISM) or more advanced, leadership-focused ones (like CCISO or CvCISO).
  • Evaluate the issuing organization: Look for certifications from reputable and well-recognized bodies, such as ISACA, (ISC)², or EC-Council.
  • Analyze the curriculum: Ensure the program covers the skills you need, whether it’s governance, compliance (like CGRC or CGEIT), risk management, or strategic communication (like Thinking and Communicating Like a CISO with the vCISO Academy or CCISO). Practical elements like case studies and real-world scenarios are a bonus.
  • Consider industry recognition: Choose certifications like CISSP or CCISO that are widely acknowledged in the cybersecurity field and valued by potential clients or employers.
  • Align with your career goals: Focus on certifications that support the specific vCISO services you plan to offer, such as compliance assessments (CGRC or CISA), risk management, or cybersecurity strategy (CISM, CCISO, or CvCISO).
  • Weigh time and cost investment: Some certifications, like CISSP or CISM, are more intensive than others. Select one that balances the investment of time and money with the potential career payoff (like Delivering vCISO Services with the vCISO Academy).

 

Accelerate Your vCISO Journey Today

The path to becoming a vCISO is more accessible than ever with the wealth of certifications, training, and tools available. However, it takes more than credentials to succeed. A true vCISO combines technical acumen, strategic insight, and the ability to deliver measurable value to businesses.

For those ready to embrace this career path, Cynomi offers the ultimate free resource: The vCISO Academy. Designed to empower MSPs, MSSPs, security consultants, and CISOs to build and expand their vCISO skills and services. The academy provides actionable guidance, practical skills, and industry-leading tools and the trust to help you stand out in a competitive market. Explore the vCISO Academy and take the first step toward becoming a high-impact vCISO.

Top 10 Compliance Automation Software Solutions

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Amie Schwedock Publication date: 30 December, 2024
vCISO Community
Top 10 Compliance Automation Software Solutions

You’re in the business of keeping your clients safe, compliant, and ahead of the curve. But let’s be honest—compliance work can feel like wading through quicksand. Manually digging through frameworks, mapping controls one by one, and chasing down documentation for audits takes countless hours, often leading to missed opportunities to address more significant client priorities.

But compliance doesn’t have to be that hard. Companies using automation tools say it boosts efficiency, strengthens security, and helps build client confidence, as 75% report seeing clear benefits. In contrast, 76% of those relying on manual compliance processes find them a major drain on time and resources. As an MSP/MSSP, you, too, can leverage these advantages for your clients by using compliance automation software.

What is compliance automation software?

Compliance automation software is purpose-built to streamline the complex, repetitive tasks of meeting regulatory and industry standards. Instead of manually managing assessments, control mappings, and reports, these tools automate the process, enabling you to manage compliance efficiently and with greater precision.

Automation is especially valuable when managing clients with diverse compliance needs. For MSPs and MSSPs, this means you can confidently scale your compliance services to handle more clients without necessarily increasing team size.

compliance standards

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Types of Compliance Automation Software

  • Cyber Risk Management Platforms help identify, assess, and track cybersecurity risks while aligning actions with regulatory requirements through centralized workflows.
  • Governance, Risk, and Compliance Platforms centralize compliance management, enabling real-time tracking of policies, risks, and controls.
  • Risk Assessment Platforms automate vulnerability detection and assessment, helping prioritize remediation efforts based on impact and urgency.
  • Data Management Platforms organize and secure data to support privacy regulations and maintain records needed for audits.
  • vCISO Platforms offer outsourced security management, often covering compliance tasks like assessments, audits, and defining IT policies.

Benefits of Compliance Automation Software

Manual compliance processes are clunky and leave room for costly mistakes and inefficiencies. Automation transforms how you approach compliance by addressing key pain points:

  • Automation cuts through repetitive tasks like control mapping and report generation, reducing the time spent on assessments from days to hours.
  • Enhanced productivity by handling compliance for more clients without overloading your team, allowing MSPs/MSSPs to grow business operations. 
  • Leverage tools that handle complex frameworks and assessments for you to avoid spending money on specialized in-house compliance technology experts.
  • Customizable frameworks and assessments allow you to deliver solutions that align with the specific needs of every client, regardless of their unique requirements.
  • With global regulations becoming increasingly stringent, templates offer a head start in compliance management and meeting requirements like ISO 27001, SOC 2, or HIPAA.


Key Features to Look For in Compliance Automation Software

When evaluating compliance automation tools, look for the following capabilities:

  • Automated Control Mapping: Instead of manually matching compliance frameworks to their associated controls, automated tools streamline the process by linking frameworks (like ISO 27001 or SOC 2) with actionable controls in your system.

frameworks compliance maps

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  • Risk Assessment Tools: The right tools dig into client environments to uncover vulnerabilities, prioritizing what needs attention first. This feature targets your efforts and ensures critical risks are addressed without wasting time.
  • Customizable Questionnaires: Compliance isn’t cookie-cutter. Customizable questionnaires let you zero in on industry specifics or unique client setups, exposing gaps that generic evaluations might miss.
  • Continuous Monitoring and Alerts: Static compliance solutions only address what’s already happened. Continuous monitoring keeps you ahead of potential compliance issues by providing dynamic insights and alerts as risks or deviations occur. 

Top 10 Compliance Automation Software Solutions

1. Cynomi

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Cynomi is an AI-powered compliance platform built for MSPs and MSSPs. It enables efficient management of client compliance across frameworks like ISO 27001, CISv8, and SOC 2 through intelligent automation.

Main Features

  • Proprietary AI-based compliance assessments covering ISO 27001, CISv8, and SOC 2.
  • Automatically generates customized policies and strategic remediation plans for each client.
  • Customized client-facing questionnaires to identify vulnerabilities and compliance gaps.
  • Centralized dashboard for managing multiple client accounts and compliance status.
  • Continuous tracking of cybersecurity posture and risk levels.
  • Combines cybersecurity and compliance management in one solution.

Best For

MSPs/MSSPs seeking scalable, automated compliance solutions for multiple clients.

Price

Inquire for pricing. Free trial available. 

Review

“Cynomi is a great product to manage risk and compliance for SME companies. It combines the ability to manage policies against many compliance standards and regulations. It allows us to assign priorities to the tasks needed to fulfill a policy requirement. The user interface is very clean and easy to understand.”

 

2. Sprinto

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Sprinto streamlines compliance management with automation and pre-built programs, making it easier for SMBs to meet frameworks like SOC 2, ISO 27001, and GDPR.

Main Features

  • Automation-enabled compliance monitoring and evidence collection.
  • Pre-built, auditor-grade programs for over twelve frameworks.
  • Integration with cloud environments for real-time gap analysis.
  • Audit-friendly dashboards for streamlined coordination.

Best For

Startups and mid-sized businesses that need efficient, low-touch compliance solutions.

Price

Pricing varies.

Review

“Sprinto’s ability to automate checks and give clear, real-time reports has saved us a lot of time and effort in managing device compliance.”

 

3. Vanta
vanta

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Vanta offers a trust management platform that automates compliance and supports over 35 frameworks.

Main Features

  • Continuous monitoring of security controls for real-time compliance management.
  • Automated evidence collection and streamlined audit preparation workflows.
  • AI-powered questionnaires to speed up vendor security reviews.
  • Pre-built integrations with platforms like AWS, Google Workspace, and Okta.

Best For

Companies seeking continuous SOC 2 compliance and streamlined audits.

Price

Three package options are available, starting at $16,100. Inquire for more pricing details.  

Review

“The policy builder is one of the best features of the service. There is a wide variety of different frameworks to choose from.”

 

4. Hyperproof

hyperproof

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Hyperproof is an enterprise-grade compliance and risk management platform trusted by organizations like Reddit and Veeva for managing multiple frameworks by centralizing workflows.

Main Features

  • Centralized platform for compliance across frameworks like ISO 27001, SOC 2, and NIST.
  • Risk register to prioritize, track, and mitigate vulnerabilities.
  • Automated evidence collection with Hypersyncs, saving hours on audit prep.
  • Seamless integration with task management tools like Jira and Asana.

Best For

MSPs managing multi-framework compliance for enterprise clients.

Price

Inquire for pricing. 

Review

“One of the aspects I appreciate most about Hyperproof is its ability to centralize and streamline compliance management.”

 

5. Centraleyes

Centraleyes

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Centraleyes delivers a comprehensive compliance management solution with automation and dynamic dashboards for large-scale enterprises.

Main Features

  • Automated mapping for over 70 frameworks, including ISO 27001, NIST, and GDPR.
  • Real-time dashboards with compliance metrics and risk scoring.
  • Built-in workflows for internal and third-party risk assessments.
  • Executive-level reporting tailored to business impact and remediation priorities.

Best For

Enterprises tackling complex compliance and vendor risk.

Price

Inquire for pricing. 

Review

“Plethora of frameworks covering every flavor of GRC and third-party risk management. Easy-to-use, very flexible platform.”

 

6. Onspring

onspring

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Onspring offers a flexible GRC platform designed to streamline governance, risk, and compliance workflows while adapting to unique organizational needs.

Main Features

  • Drag-and-drop tools for building and automating workflows without coding.
  • Real-time dashboards for tracking compliance milestones and audit progress.
  • Centralized audit and evidence management to simplify reporting and testing.
  • Out-of-the-box modules for risk, compliance, and policy management that integrate with existing tools.

Best For

Businesses seeking customizable, no-code workflows for GRC needs.

Price

Inquire for pricing. 

Review

“I appreciate the customization available in Onspring. There is so much more you can do outside of the GRC function.”

 

7. OneTrust

OneTrust

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OneTrust helps clients manage data privacy, comply with regulations like GDPR and CCPA, and responsibly govern the use of artificial intelligence.

Main Features

  • Tools to map, classify, and enforce policies across sensitive data sources.
  • Automates DSARs, cookie compliance, and data subject rights processes.
  • Automates the lifecycle of third-party management, from intake through monitoring.
  • Enables compliant data collection with customizable consent and preference tracking.

Best For

Organizations handling large volumes of sensitive data.

Price

Inquire for pricing. 

Review

“The user interface has a clean and simple look. There are a lot of online help resources and the staff is professional and easy to work with.”

 

8. AuditBoard

AuditBoard

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AuditBoard is purpose-built for SOX compliance and offers specialized tools to simplify audit processes for large organizations.

Main Features

  • Automated evidence collection and organization through ERP integrations.
  • Risk-based audit planning will focus efforts on high-priority areas.
  • Streamlined workflows for SOX audits, from planning to reporting.
  • Pre-configured templates tailored for SOX compliance requirements.

Best For

Mid-size and large enterprises subject to Sarbanes-Oxley (SOX) compliance.

Price

Inquire for pricing.

Review

“It is flexible in terms of meeting the needs of our audit process but is clearly built by a team with a strong understanding of auditing.”

 

9. Apptega

apptega

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Apptega is designed for SMBs, providing intuitive tools to manage and track compliance for frameworks like CMMC, PCI-DSS, and more.

Main Features

  • Pre-built roadmaps for quick implementation of frameworks like CMMC and PCI-DSS.
  • Automated assessments with AI-driven gap analysis.
  • Crosswalking to align controls across frameworks and avoid repetition.
  • Visual dashboards for tracking compliance, tasks, and IT assets.

Best For

SMBs requiring straightforward compliance tools.

Price

Three pricing tiers (Starter, Advanced, and Premium). Inquire for specifics.

Review

“It allows us to manage more customers with its automated features, and I love the depth of reporting and numerous frameworks that [Apptega] supports.”

 

10. ZenGRC

ZenGRC

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ZenGRC is a flexible GRC platform that streamlines compliance and risk management. It offers centralized tools to manage audits, risks, and vendors efficiently.

Main Features

  • Pre-built templates for frameworks like SOC 2, ISO 27001, and HIPAA.
  • Centralized risk register to track, assess, and address risks in real-time.
  • Automated evidence collection and task tracking for streamlined audit preparation.
  • Customizable vendor questionnaires to evaluate third-party compliance.

Best For

Organizations looking for an intuitive platform that centralizes audits, risks, and vendor management.

Price

Inquire for pricing.

Review

“Zen is very user-friendly when conducting ISO 27001 audits for internal reviews.”

 

Deliver Real Value to Clients With Compliance Automation

Compliance automation has become a must-have for MSPs and MSSPs looking to deliver efficient, accurate, and scalable services. By taking over repetitive, time-intensive tasks, these automation tools free your team to focus on delivering real value to your clients. 

Cynomi takes the grind out of compliance assessments and transforms how MSPs and MSSPs approach compliance. Cynomi’s AI-powered platform builds each client’s cyber profile with guided questionnaires and quick scans that pinpoint critical vulnerabilities. Instead of juggling endless spreadsheets and manual mapping, Cynomi automatically links compliance controls, showing you exactly which tasks will make the biggest impact. It is compliance made smarter, faster, and way less frustrating.

Schedule your personal Cynomi demo today to see exactly how Cynomi can help you and your clients meet compliance goals.

5 Predictions That Will Define the vCISO Role in 2025

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Amie Schwedock Publication date: 27 December, 2024
vCISO Community
Prediction 2025

As cybersecurity threats evolve in sophistication and scale, the role of the virtual Chief Information Security Officer (vCISO) is set to undergo transformative growth. Experts predict that by 2025, demand for vCISO services will surge as businesses face mounting cyber threats, increasing compliance demands, and the need for strategic risk management. The role is expected to expand beyond traditional cybersecurity functions, incorporating advisory responsibilities in AI strategy, attack surface management, incident response planning, and other emerging technologies. 

These changes present a unique opportunity for service providers to position themselves as trusted advisors, offering tailored, strategic insights that help clients navigate the complex threat landscape while aligning with their business priorities.

This article explores predictions from leading voices in the vCISO field, shedding light on the future of these services,  the evolving needs of clients, and what service providers need to stay ahead.

 

influencer Blog #1

 

1. Threats and regulations will increase & demand for vCISO services will surgeproviding a prime opportunity for service providers to position themselves as trusted, strategic advisors

“Ransomware as a service has made it so a threat actor doesn’t need technical skills. They can sign up, get the tools, support, and even instructions on how to breach specific companies. It’s a whole industry now.” says Nett Lynch, CISO at Kraft & Kennedy and former vCISO at VC3.

Nett Lynch and Chris Cathers, CEO at Octellient, both predict significant changes in the cybersecurity landscape, driven by evolving threats and the increasing need for strategic leadership. Lynch highlights the growing complexity of threats, including the rise of ransomware-as-a-service and AI-enhanced attacks such as deepfake-based social engineering and phishing campaigns. She notes, “Supply chain attacks, fueled by advancements in AI, have surged, making this type of threat more prevalent and dangerous.” These challenges are compounded by the sheer scale of cybercrime, which has ballooned into a $9.5 trillion global economy—the world’s third-largest by GDP. With limited defenses against such advanced tactics, businesses face heightened anxiety, particularly when sensitive data or intellectual property is at stake. To address these challenges, Lynch emphasizes the critical role of vCISO services, stating, “In order to be an MSP that has that relationship and that trust, you need to have vCISO services in place so that you have an expert on your staff who is ready to have those conversations and will be trusted by the clients.”

All the experts interviewed anticipate growing demand for vCISO services due to rising cybersecurity threats, stricter compliance requirements, and the need for flexible executive-level expertise. Cathers emphasizes the field’s growth as mid-market organizations increasingly value strategic guidance, stating, “The landscape is going to continue to change… as that becomes more complex, organizations need somebody that’s going to simplify that message, help them understand exactly how to navigate that.” Jesse Miller of PowerPSA Consulting adds, “Everyone’s realizing that they need security strategy, and maybe they don’t call it a vCISO, but this type of service is what they’re looking for now.” Both experts see opportunities for MSPs to become trusted advisors in this evolving landscape.

From a compliance perspective, Chad Fullerton, VP of Information Security at ECI, anticipates a significant increase in demand for compliance services, fueled by evolving regulations. “If you look at the writing on the wall with Europe, if you look at things like DORA for operational resiliency and NIS2 for AI policies, it’s very, very likely that a lot of that comes to the U.S,” he explains. “Clients are going to realize, ‘Hey, I wasn’t required to do 100, 200, 300 hours of compliance work each year before, but now I am, and I don’t even know where to start.’ That’s where vCISO services come in.”

Donna Gallaher, President & CEO of New Oceans Enterprises, emphasizes the shift among smaller businesses, stating, “I think we are going to start seeing more small businesses understanding that they need a security program. A lot of them used to think, ‘We’re too small to care about,’ but now they realize they could be used as a vector to get to bigger companies. This is where vCISO services really come in—helping them understand and build a program that aligns with their risk and business goals.”

 

2. Attack service management and incident response will become increasingly central to vCISO programs – and service providers should capitalize on this

“Attack surface management (ASM) is becoming top-of-mind for several verticals, so I think this is a good add-on or transition for MSPs that are offering vCISO services and security. Bringing ASM to their repertoire can help them move upstream into that mid-market type of clientele,” says Jesse Miller, Founder of PowerPSA Consulting and creator of the PowerGRYD vCISO System, a community and operations blueprint that helps vCISOs scale their revenue.

Miller adds, “there’s a much larger appetite now for incident response planning, tabletop exercises, and actually testing your incident response plans.” Organizations are not only looking to have risk assessments done but are also increasingly prioritizing actionable response plans, rigorous testing of these plans, and preparedness for potential cyber incidents. 

For Miller, “productizing those types of offerings—like incident response planning and attack surface management—and positioning them as bespoke options is an easy way for MSPs to get entry points into clients.” Miller shares that offering services like incident response planning or attack surface management at an entry-level price (or even bundled) acts as a loss leader. While these may not generate substantial profits directly, they can establish trust and relationships with clients, opening the door for larger engagements, such as vCISO services, remediation projects, and full IT security management, bringing major profits.

Chad Fullerton echoes this sentiment, emphasizing the importance of proactive security measures. “Security services are always evolving,” he says. “Vulnerability management, remediation, and penetration testing are becoming critical as organizations face increased compliance obligations.” He foresees the rise of automated penetration testing tools, enabling less experienced teams to deliver high-quality results and further transforming the industry. These enhanced capabilities will allow MSPs and MSSPs to address vulnerabilities effectively and stay competitive in a rapidly evolving cybersecurity landscape.

 

3. Greater client awareness and distinction between technical and strategic vCISO services

When it comes to changes in client expectations, Greg Schaffer, Principal and Advisory CISO at at vCISO Services, LLC, says, “Clients are getting smarter, they’re realizing that providers must match their requirements and therefore they will seek out the right type of security provider for their specific needs. They’re seeing that not all vCISO providers are the same, just as there’s a difference between a family dentist and an orthodontist.”

Greg predicts that the vCISO field will evolve to offer more clarity and segmentation, driven by increasing client awareness of their specific needs. This growing understanding could lead to a clearer distinction between traditional vCISOs, who focus on risk management, and technical roles, which he suggests might eventually be labeled as “virtual ISOs (Information Security Officers), more focused on the first line of defense, the technical side.” 

Greg notes that the virtual CISO market has become “muddied,” as it now includes both former CISOs offering strategic services and providers focused on technical tasks. He believes this shift will benefit the industry, making services more targeted and accessible. “You’re going to see more business on the virtual CISO side, whatever it’s called, because both are needed,” he explains, adding that this segmentation will likely make the market more cost-efficient for businesses who understand the level of expertise they need. “The cost of a virtual CISO, a true risk management executive, is going to be more than a virtual CISO who’s more on the technical side.”

 

4. vCISO services will expand beyond cybersecurity to strategic risk and AI

Carlos Rodriguez, CEO of CA2 Security, predicts that the vCISO role will expand beyond cybersecurity to include broader responsibilities in strategic risk management and emerging technologies like AI. He sees AI as both an opportunity and a risk, explaining, “AI is still…an educational opportunity,” and his company has begun offering AI readiness assessments tailored to business goals. 

Carlos highlights the need for vCISOs to guide clients not just in cybersecurity risk but in strategic decisions across industries. For example, in insurance, this might involve guiding risk decisions on processes and broader compliance issues in the underwriting risks or claims workflow, while in law firms, it could mean addressing risk scenarios for growths and M&A. “I’ve always been educating companies about risk in general,” Carlos says, highlighting the growing need for vCISOs to lead these conversations and align cybersecurity with overarching business strategies. These shifts, Carlos argues, will require vCISOs to be “very creative” and deeply attuned to both organizational needs and industry-specific challenges.

 

5. There will be a major shift in the role and perception of CISOs – and opportunities for vCISOs

While earlier predictions highlighted the growth of vCISO services as a response to escalating threats and stricter compliance regulations, Donna Gallaher, President & CEO of New Oceans Enterprises, adds a compelling new perspective: the rising demand for impartial and unbiased security evaluations. She explains that corporate boards and investors are increasingly pressuring organizations to obtain transparent insights into their cybersecurity programs—something that is difficult to achieve within traditional corporate structures.

According to Donna, “CISOs are going to need to operate more like independent accounting firms or general counsel—external, trusted advisors, separate from the organizations they advise.” For these reasons and more, she predicts that vCISOs will see an exodus from the enterprise space by full time CISOs to join their ranks. This trend will occur because corporate boards and investors will increase pressure for enterprise CISOs to provide unbiased evaluations of cyber risk that cannot be done from inside the current organizational structures. 

“I’ve already seen some organizations create CISO positions that report directly to the board, and outside the authority of the CEO and direct reports, to get the real picture of the security program,” Donna says. From the CISOs perspective, the change will be welcomed for their own professional growth and development but it will be a steep learning curve for these executives as they learn to build and scale their businesses.  We will also see more boards of directors open up board seats for security experts provided they have the requisite corporate governance experience. Donna predicts, “If you only have technical skills, you’re going to be in trouble. In the near future vCISOs will need to get much better at corporate governance and gain experience in sales, marketing, accounting and other business skills to be successful.”

 

What’s next?

As the cybersecurity landscape continues to evolve, so too will the role of the vCISO. By 2025, vCISO services will be integral to addressing increasingly complex threats, meeting stringent compliance requirements, and aligning cybersecurity strategies with broader business objectives. The insights shared by industry leaders highlight the growing demand for vCISOs to not only manage technical risks but also provide strategic advisory services in areas like AI readiness, attack surface management, and incident response planning.

For service providers, these changes present a significant opportunity to position themselves as trusted advisors and partners in navigating this dynamic environment. The ability to adapt, innovate, and anticipate client needs—whether through productizing services, offering tailored solutions, or building expertise in emerging areas—will be critical to thriving in this space. As vCISO services mature, their value will extend far beyond traditional cybersecurity, influencing key business decisions and shaping the future of enterprise risk management.

Ultimately, the vCISO of 2025 will not only protect organizations but empower them to leverage cybersecurity as a strategic advantage, ensuring resilience and growth in an era of heightened uncertainty. 

The Definitive Cyber Security Policy Template [XLS Download]

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Amie Schwedock Publication date: 9 December, 2024
vCISO Community Templates
The Definitive Cyber Security Policy Template [XLS Download]

Aside from information security professionals and techy teams, few people actually think about cyber security while doing their jobs. Other departments may not share the enthusiasm to prioritize security, so clients sometimes struggle to close the iron gates and keep cyber threats at bay. 

53% of employees are worried about their organization suffering a cyber attack, and over 34% admit their shortcomings could expose their employer to a data breach. MSPs/MSSPs have a responsibility to guide clients on where these gaps lie, and a great way to do so is by formalizing security requirements in a standardized cyber security policy template for each client.

What is a cyber security policy template, and what is it used for?

A cyber security policy template is a document that provides a comprehensive set of guidelines and procedures that MSPs/MSSPs can use to help their clients minimize cyber risk and protect digital assets from threats and vulnerabilities. MSPs and MSSPs often employ templates as the base for various and versatile client-specific cyber security policies.

Types of Cyber Security Policies to Know

MSPs/MSSPs can implement many types of cyber security policies for clients. Here are a few examples. 

  1. Acceptable use policy guides employees, partners, and third-party service providers in using the organization’s systems and devices without exposing them to cyber risk.
  2. Password security policy sets the requirements for passwords used in organizational systems and usually includes strength and complexity demands and the frequency of mandatory password changes.
  3. Email security policy outlines the acceptable use of corporate email systems to minimize the risks stemming from corporate email misuse or compromise.
  4. Access control policy defines the guidelines and rules for user and machine access to various digital assets and resources. It includes the processes for creating accounts, RBAC enforcement, network access controls, remote access, and account lock-out.
  5. Data protection policy guides employees in handling sensitive information like PIIs, financial data, and proprietary business information.

cyber security policies

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3 Reasons Why You Need a Cyber Security Policy Template

There are plenty of reasons why MSPs/MSSPs can benefit from a cyber security policy template. 

  1. Save time when creating cyber security policies for clients. Instead of creating a cyber security policy from scratch for every new client, MSPs/MSSPs frequently employ customizable templates to quickly produce comprehensive cyber security policies at scale for different clients with varying needs.
  2. Adhere to standards and comply with regulations. A comprehensive and extensive template covers all the relevant areas of cyber security and data protection, ensuring that no aspect is overlooked or neglected when creating the cyber security policy for the specific client.
  3. Enhance communication between MSPs/MSSPs and clients. A cyber security policy template can help facilitate a clearer exchange of expertise between the MSP/MSSP and the client’s risk and InfoSec teams by providing a common language and unifying the methods of operation between in-house and outsourced experts. 

The Definitive Cyber Security Policy Template

It’s best to divide the cyber security policy template into sections. Suppose you’re designing your policy to adhere to a certain cyber security framework (such as NIST or ISO 27001:2023). In that case, the list of sections may differ, so be sure to refer to the framework documentation to adjust your templates as needed.

Risk Assessment

Before creating a cyber security policy template, you can conduct a risk assessment and base the policy on the results. The process of assessing and quantifying cyber risk in organizations can differ in complexity and scope, and the level of detail you may wish to include in this section will depend highly on the cyber security framework employed by the client. There are various tasks that fall under the umbrella of a risk assessment: 

  • Asset identification entails cataloging and categorizing all the client’s information assets that are covered by the specific cyber security policy. These may include sensitive data stores, devices (from IoT sensors to on-prem servers), personnel, applications, and other assets requiring protection.
  • Threat assessment is a multiphased process to identify, score, and prioritize the response to potential threats to the digital assets listed in the previous section.
  • Vulnerability evaluation follows threat assessment to deliver a complete view of the client’s attack surface by analyzing weaknesses in their systems, like unpatched software, inadequate password policies, and even phishing attacks.
  • Business impact analysis requires estimating the potential impact of each loss in monetary terms, accounting for reputational damage, operational disruption, and non-compliance fines.
  • Risk management and mitigation include security controls, employee training, enhanced monitoring, and the purchase of additional cyber security tools and services.

Summary & Scope

The first section of your document should include an executive summary describing the policy’s content and defining its scope. This section also lists the individuals and organizations to which the policy applies, such as employees, third-party vendors, and contractors who may have privileged access to the client’s systems.

Policy Statement

This section is not mandatory, but it helps align cyber security goals and objectives across teams in the organization. Generally speaking, it can serve as a list of commitments and standards the client needs to uphold. These can include:

  • Choosing and implementing an adequate cyber security framework to ensure and maintain the confidentiality, integrity, and availability of all organization information assets.
  • Conducting regular cyber risk assessments and implementing adequate controls to mitigate identified risks.
  • Integrate cyber security throughout all business processes and operations, including ongoing training and support for all relevant stakeholders.
  • Performing regular reviews of the cyber security policy to address changes in the business and keep up with emerging threat detection and prevention best practices.

when to update your cybersecurity policy

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Roles and Stakeholders

For a cyber security policy template to be effective, it’s critical that everyone involved knows what to do and what their responsibilities are. This section outlines an exhaustive list of team members, consultants, executive decision-makers, and service providers relevant to the policy. Include functional responsibilities, duty separation detailing, or a table with contact information, authority, access rights, etc.

Policy 1: Access Management and Controls

You can include any specific policies in the cyber security policy template depending on the client’s requirements and goals. Some policies include password security, cloud security, and vulnerability management; in this template, we have chosen three example policies that you can use. The first is access management and controls:

  • Authentication systems and controls that employ identity confirmation with password and biometric identification, including MFA and risk-based authentication.
  • Authorization processes adhere to the least privilege principle and ensure users and machine accounts only access the data necessary to perform their tasks.
  • Documentation, logging, and auditing to maintain records of access to sensitive data, failed login attempts, and when monitoring for suspicious activity. It is also vital for compliance audits and to provide forensic evidence when investigating a breach.
  • Password security policies include password complexity requirements, reuse limitations, regular changes, and the client’s password management tools or passwordless solutions.
  • Session security protects active user sessions and tokens from unauthorized access. This set of policies includes session timeouts, session monitoring, risk-based session termination, and other controls.

user access

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Policy 2: Incident Response

The second example policy we’ve chosen is incident response. Cyber incidents can happen regardless of how robust and comprehensive a client’s cyber security policy is. 

Typically, MSPs/MSSPs support clients by creating an incident response policy based on existing standards (such as the NIST cyber incident response standard). This section should include:

  • Incident preparation and readiness steps to establish an incident response team, dividing responsibilities and tasks, and providing relevant staff with the necessary training, tools, and resources.
  • Detection and evaluation entails using tools and services to promptly detect and be alerted of security incidents, along with detailed and contextual information that helps gauge the scope and impact of the incident as it unfolds. 
  • Communications by listing alternative channels and methods of communication for the incident response teams and other relevant stakeholders. 
  • Post-mortem incident analysis to apply the lessons learned to response and mitigation strategies.

Policy 3: Backup and Disaster Recovery

Backup and disaster recovery is the third example policy we’ve chosen, and it is best planned as a separate section to incident response. The guidelines to include in this section of the cyber security policy template include:

  • Backup procedures, including what systems and data stores the client should back up and how frequently, how they should be stored, and the length of time old backups should be kept and updated.
  • A disaster recovery plan that describes the processes for restoring systems and data after a disruption, maintaining business operations during recovery, and prioritizing resource allocation for minimal impact on operations.
  • A business continuity plan should include steps, tools, and contacts essential for the organization to continue normal operations during and after a disaster. 

Regulatory Compliance

While not strictly necessary for a cyber security policy template, it’s a good best practice to include regulatory compliance. This section usually encompasses:

  • Relevant compliance requirements (both mandatory and optional) for the client may include GDPR, PCI-DSS, HIPAA, NIST, SOC 2, etc.
  • Security controls that the client must implement to meet regulations, such as access controls, data protection measures, data storage and processing conditions, etc.
  • Documentation, plus guidelines for creating, maintaining, and updating the documentation of all activities and efforts to ensure ongoing compliance. These may include lists of policies, procedures, audit scores, and proof of adherence in the form of compliance reports.
  • Auditing and reporting that identifies gaps in compliance.

Automating Cyber Security Policies at Scale With Cynomi

An effective cyber security policy template can help save time and money and speed up the process of creating a cyber security policy from weeks to days. However, with Cynomi’s vCISO platform, you can accelerate the process even further by automating the generation of a custom-tailored cyber security policy in minutes. 

Cynomi automates manual and time-consuming cybersecurity management work, including asset discovery and risk assessment processes, by providing guided questionnaires and express scans to help uncover critical vulnerabilities and compile a comprehensive cyber security policy based on each client’s unique cyber risk profile.


Book a demo today to streamline and automate cyber security policies at scale with Cynomi. 

Compliance Risk Management: Assessments, Processes, and Best Practices

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Amie Schwedock Publication date: 3 December, 2024
vCISO Community
Compliance Risk Management- Assessments, Processes, and Best Practices

On any given day, MSPs/MSSPs manage several clients. One client wants rapid security updates, another is dealing with strict industry-specific regulations, and yet another has sensitive data at risk. It’s a constant juggling act, with new regulatory changes and cyber threats left, right, and center. Missing something isn’t just costly in terms of fines—it’s about your clients losing the trust they’ve worked hard to build.

Thomson Reuters is reporting “regulatory fragmentation” due to the rise of AI and eCommerce fraud for 2024. As a result of headline news like this, different regions are starting to implement varying regulations in response to new technologies and fraud challenges. As a result, MSP/MSSP clients must navigate an increasingly complex compliance landscape, which is where compliance risk management best practices can help.

Compliance Risk Management 101: What It Is and Why It Matters

Compliance risk management is foundational to gaining visibility over cybersecurity risks and compliance failings. It offers insight into vulnerabilities and supports the creation of targeted strategies.

The goal for MSPs/MSSPs is straightforward yet challenging: ensure your clients’ organizations follow all relevant laws, standards, and internal policies. Effective compliance risk management protects against looming consequences like financial penalties, shields client reputations, and keeps operations running smoothly. For MSPs/MSSPs and their clients alike, it’s about maintaining trust, meeting requirements, and ensuring business continuity.

Type of Compliance Risk

Source

 

Type of Compliance RiskDescription
Regulatory RiskFines and sanctions for failing to meet industry regulations.
Reputational RiskNegative publicity damages clients’ brand image and customer trust.
Operational RiskService disruptions caused by compliance-related issues.
Cybersecurity RiskVulnerabilities leading to data breaches and unauthorized access.

5 Steps to Conduct Compliance Risk Management Assessments

A solid risk assessment is at the heart of any effective compliance risk management program. Risk assessments help MSPs/MSSPs identify weak spots and build a framework for clients to meet regulatory requirements. Conducting compliance risk management assessments boils down to five key steps. 

  1. Define Scope and Objectives: Start by determining which compliance frameworks are relevant to your client’s industry, such as GDPR, HIPAA, or PCI DSS. You can also open conversations to understand the client’s specific business activities, data processing practices, and locations, as these factors influence which regulations apply.
  2. Risk Identification and Analysis: Identify potential risks through strategies like vulnerability scans, security policy reviews, employee interviews, and risk assessments. 
  3. Risk Evaluation: Quantify risks in terms of the likelihood and potential business impact
  4. Prioritize and Mitigate Risks: Address the highest-impact risks first. For example, prioritize vulnerabilities that expose personal health information (PHI) over less critical issues. 
  5. Use a vCISO Platform: To maximize efficiency, MSPs/MSSPs can use a vCISO platform to automate compliance assessments. For example, Cynomi speeds up the risk assessment process from days to hours by automating it with easy-to-complete custom-made questionnaires and automatic compliance mapping.

5 Best Practices for Compliance Risk Management Processes

Compliance risk management is a process of guiding clients to be proactive, not reactive. Frameworks and best practices offer a structured way to handle threats, and risk assessments bring focus by pinpointing vulnerabilities and their impact. MSPs/MSSPs need structure and strategy to manage compliance risks effectively for clients. 

1. Adopt a Framework

MSPs/MSSPs can rely on structured frameworks like ISO 27001 or NIST to manage compliance risks effectively, ensuring data security best practices and consistent compliance success across all clients. Some tasks MSPs/MSSPs might follow under these frameworks include implementing regular audits and using performance metrics to measure adherence. 

Types of Compliance Risk Management Frameworks

  • ISO 27001: A globally recognized standard for managing information security risks, helping organizations protect their valuable data and systems through a systematic approach. ISO is also developing new frameworks such as ISO 42001 in line with new topics of conversation in the compliance space like AI. 
  • HIPAA: A US law that safeguards patient health information by setting strict rules for how healthcare providers and related businesses handle sensitive medical data.
  • NIST Cybersecurity Framework: A voluntary set of guidelines and best practices that companies can follow to improve their cybersecurity posture and manage risks effectively.
  • SOC2: A framework that enables businesses to prove that they handle customer data securely and responsibly. 

nist cyber security framework

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2. Automate Compliance Tasks

Scaling compliance operations is challenging, especially with a growing client base with diverse needs. Automation makes compliance activities manageable by reducing human error, keeping operations efficient, and ensuring MSPs/MSSPs stay ahead of regulatory demands for clients. 

You can also turn to automation compliance platforms and solutions like vCISOs and GRC software to offload tasks like risk assessments, compliance gap analysis, and reporting. With automation as a copilot, MSPs/MSSPs can streamline the delivery of compliance risk management to each client. 

3. Focus on High-Risk Areas

Not all risks are created equal; MSPs/MSSPs must support clients by prioritizing high-risk areas that pose the greatest threats. You could start by creating a risk assessment table that quantifies risks based on the likelihood and severity of the impact. 

Once high-risk areas are identified—such as unencrypted customer data or outdated software—it’s time to act. Deploying safeguards like encryption, multi-factor authentication, and endpoint protection can mitigate these vulnerabilities and support compliance risk management efforts by helping your client prove they are focused on closing compliance gaps. 

4. Employee Training and Awareness

Compliance isn’t just a technical challenge; it’s a people problem. Studies show that human error accounts for 74% of data breaches, making employee awareness a crucial component of compliance risk management strategies. For MSPs/MSSPs, this means advising clients on the importance of training—and emphasizing that it doesn’t need to be boring! 

Gamified learning modules, interactive workshops, or role-based scenarios like phishing awareness training can help clients keep employees focused on the training and maximize the positive impact of the cyber training. For example, an MSP/MSSP serving financial clients could encourage them to host quarterly role-playing workshops to keep staff updated on SEC regulations. 

7 key steps to implement security awareness training

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5. Document Everything

For MSPs/MSSPs, maintaining detailed compliance records not only prepares clients for audits but also provides a defensible position if issues arise. Automated tools like Cynomi’s vCISO platform help you generate and maintain compliance logs effortlessly, ensuring no critical details are missed.

Let’s pretend we have a GDPR audit on our hands. An MSP/MSSP equipped with automated documentation tools can provide regulators with a complete record of compliance activities, showcasing the client’s due diligence and avoiding penalties. By taking the lead in documentation, MSPs/MSSPs position themselves as trusted partners in their clients’ compliance journeys.

Automate and Accelerate the Delivery of Compliance Risk Management Tasks with Cynomi 

Compliance risk management is not just about adhering to legal requirements—it’s about proactively mitigating risks that can threaten an organization’s very existence. With increased regulatory demands and a rapidly evolving threat landscape, the complexity of compliance has grown significantly—too much for some clients to handle alone without the support of an MSP/MSSP.

Cynomi can dramatically reduce the manual work in conducting compliance and risk assessments for multiple clients, speeding up the process from days to hours. Cynomi’s vCISO platform tailors the relevant questionnaires and scans to automatically build each client’s cyber profile, using guided questionnaires and express scans to uncover critical vulnerabilities. Cynomi automates compliance mapping and links activities to their impact on compliance adherence, saving manual work and precious time.

Ready to simplify compliance? Book a demo to explore how Cynomi can streamline your compliance processes, reduce manual work, and enhance security for your clients. 

 

5 Questions About Zero Trust for MSPs and MSSPs

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Amie Schwedock Publication date: 27 November, 2024
vCISO Community
5 Questions About Zero Trust for MSPs and MSSPs

The Zero Trust approach has become increasingly popular in cybersecurity, especially for MSPs and MSSPs seeking to strengthen their clients’ security posture. As remote work becomes widespread, securing only the network perimeter is no longer enough. Today’s complex security landscape requires a broader, more adaptive approach to safeguarding assets wherever they are. The core of Zero Trust is the mantra “never trust, always verify,” highlighting continuous verification, limiting privilege, and operating under the assumption that a breach may occur any moment. For MSPs and MSSPs, incorporating zero trust not only fortifies client security but also differentiates their services, showing clients that they are at the forefront of cybersecurity best practices. 

In a recent webinar, William Birchett, Founder of the vCISO Network and President of Logos Systems, and David Primor, CEO of Cynomi, explored why zero trust is essential for offering cybersecurity services and how MSPs and MSSPs can implement it to enhance client security. In this blog, we expand on their insights and provide additional context and practical details to help you put their advice into action.

Below are 5 questions covered on Zero Trust.

 

1. What advantages does Zero Trust offer over legacy security approaches?

In a traditional security model, systems operated like a castle with a moat and walls. The perimeter (moat) and firewall (walls) created a single line of defense, and once inside, everything was trusted. Security followed the principle of “trust but verify,” assuming that anything within the network was safe.

However, modern cyberattacks have exposed vulnerabilities in this approach. Threat actors who breach the perimeter can often move freely and undetected within the network, meaning even internal devices and systems may be compromised.

The Zero Trust approach revolutionizes this by eliminating inherent trust at all levels of access. Instead of assuming safety within the network, Zero Trust implements continuous verification for every user, device, and action. Think of it as a castle where each room has its own security checkpoint. Even after entering the castle, you must provide credentials and a valid purpose to access each room, with every room potentially requiring a different “passport” or credential.

This “never trust, always verify” approach ensures strict security controls at every access point, protecting the network from both external and internal threats. With Zero Trust, nothing is trusted by default—verification is constant and comprehensive. This granular, inside-out approach to security makes it far more effective at addressing modern threats like ransomware, phishing, and insider attacks, making it a superior choice for today’s complex cybersecurity landscape.

 

2. When Did the Zero Trust Philosophy First Emerge? 

Zero Trust originated 10 to 15 years ago, pioneered by John Kindervag, a former analyst at Forrester. Kindervag introduced the term and concept of the Zero Trust model in his 2010 report, No More Chewy Centers: Introducing The Zero Trust Model Of Information Security, by examining how implicit trust within networks was frequently exploited in cyberattacks. Through extensive research and consultations with CISOs and industry leaders, he established the principles that have since become a cornerstone of modern cybersecurity.

As Will shares, in the past few years, zero trust has gained significant traction. As technology has advanced, the ability to verify identities has significantly improved. Previously, identity checks on firewall traffic were limited, perhaps only possible through VPN connections. But with today’s technology, identity verification and traffic security are now integrated, allowing components like routers, firewalls, and IDS/IPS systems to work seamlessly together.

This evolution has introduced new security frameworks, such as Secure Service Edge (SSE) and Software-Defined Perimeters (SDP), enabling the application of Zero Trust policies across systems. As a result, security measures have progressed well beyond traditional models, allowing for more sophisticated and adaptable protection.

 

3. How Does Zero Trust Work in Cybersecurity?

Zero Trust is not a single product; it’s a philosophy—a shift from traditional security models to a modern approach that redefines how the attack surface is protected.  Rather than protecting just the perimeter, zero trust focuses on creating “protect surfaces” around every asset, whether it’s a web server, database, SaaS application, or API. Each asset is safeguarded individually, with security designed from the inside out rather than the outside in. By establishing these “protect surfaces”, Zero Trust minimizes exposure and limits potential attack vectors.

This inside-out strategy offers greater control and resilience. Even if an attacker breaches one area, they face stringent controls at every next step, reducing the likelihood of widespread compromise and improving overall security posture.

For MSPs and MSSPs, implementing Zero Trust not only strengthens client security but also sets their services apart, demonstrating a commitment to leading-edge cybersecurity practices.

Implementing zero trust as part of their cybersecurity services involves focusing on several core elements:

  • Identity Verification – Rather than assuming that users within a network are trustworthy, zero trust requires ongoing identity verification. Techniques such as multi-factor authentication (MFA) and continuous behavior monitoring are essential.
  • Network Segmentation – In a zero-trust model, the network is divided into smaller segments, with access controlled and limited to specific users and tasks. This prevents unauthorized lateral movement within the network, containing potential threats.
  • Least Privilege Access – Access should be restricted to only what a user or device needs to fulfill its role. This reduces the risk of unauthorized access and helps prevent malicious insiders or compromised accounts from causing widespread damage.
  • Continuous Monitoring and Logging – Zero trust relies on real-time monitoring of network activity. Anomalies can signal potential threats, allowing for immediate response. This proactive approach is essential for MSPs and MSSPs guiding their clients through modern cybersecurity challenges.


4. Is
Zero Trust Meant Only for Access or Does it Apply to Everything?

Zero Trust is a comprehensive cybersecurity mindset that applies across all areas of cybersecurity – not just access. Over the past two decades, attacks have exploited various forms of implicit trust. Zero Trust is built on the principle of constant verification—trust is granted only when all security checks are thoroughly in place. For instance, an email that includes the recipient’s name might seem trustworthy and prompt a quick click, yet that trust is vulnerable to exploitation through phishing attacks, which rose by 58% in 2023. A recent example in February 2024 illustrates this risk: Pepco Group, a leading European retailer, suffered a €15.5 million loss in a sophisticated phishing attack where fraudsters mimicked legitimate employee emails to deceive finance staff into transferring funds.Zero trust eliminates the negative consequences of not being prepared by requiring continuous verification. It’s a philosophy that involves everyone in the organization—from the CISO or security provider strengthening the organization’s defenses to employees who must learn to question the trustworthiness of emails and other communications.. As William Birchett shares, even if someone claims to be from IT or an MSP, employees should verify their identity through other channels before trusting requests like credential resets.

The goal is to reduce risky trust relationships across the board, enhancing security at every level of interaction. By adopting a Zero Trust approach, you uphold the highest service standards, ensuring robust security for your clients.

 

5. How can MSPs and MSSPS Adjust Current Tools to Align with a Zero Trust Approach? 

Network traffic is a good example of how MSPs and MSSPs can adjust current firewall tools to align with a zero trust approach. Traditionally, firewall rules were set up based on source and destination addresses and specific ports. Now, with a zero trust approach, service providers can adjust these rules to add checks on the user’s identity and the application being used.

Instead of just setting rules for IP addresses and ports, zero trust firewalls now include user validation. For instance, a firewall rule might only allow remote desktop access on a domain-joined machine if the user belongs to a specific group. This approach doesn’t only stop at port-based rules; it also checks user and application permissions, adding validation at higher layers and ensuring that access is tightly controlled.

As William shares, you can start small with zero trust—it doesn’t require a complete redesign. Begin by applying it to just one application to see the impact. An example of this could be when working with AI responses, adding an additional step to verify their accuracy. By implementing these additional verification layers, MSPs and MSSPs can use existing tools to enforce zero trust principles effectively.

As the zero-trust approach gains popularity, MSPs and MSSPs have a clear path to better secure their clients and offer advanced and reliable cybersecurity services. By guiding clients through incremental steps, such as starting with a single application or implementing identity checks on critical assets, service providers can help clients adopt zero trust with ease and confidence.

How to Evaluate Managed Cybersecurity Service Providers

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Amie Schwedock Publication date: 14 November, 2024
vCISO Community
How to evaluate managed cybersecurity providers

There’s nothing wrong with getting a little help. Cyber threats, compliance requirements, and the shortage of InfoSec professionals mean businesses seek external assistance with their cybersecurity challenges. After all, it’s easier to fight the menace of cyber risk with experienced combat veterans at your side, and this support often comes from managed cybersecurity service providers.

The demand for managed cyber security services is also evident in market size projections. According to these projections, the global managed security services market is projected to grow at a 15.4% compound annual growth rate (CAGR) between now and 2030.

The Role of a Managed Cybersecurity Service Provider

An MSSP is a third-party provider that delivers outsourced monitoring and management of security devices and systems. Typically, MSSPs offer various services and products that help unload work from in-house InfoSec teams and reduce the number of personnel a business must onboard to maintain an acceptable cybersecurity posture and comply with applicable regulations. 

Depending on the client’s requirements, MSSPs traditionally offer intrusion detection, risk assessment, vulnerability management, and endpoint security.

Managed Service Provider (MSP) vs Managed Cybersecurity Service Provider (MSSP)

MSPs and MSSPs offer similar services but differ in their focus and expertise. An MSP typically provides general connectivity and IT services, including SaaS platforms and backup and recovery services, to deliver the connectivity and support necessary to mitigate the business impact of cybersecurity initiatives. An MSSP, on the other hand, is focused primarily on securing and protecting the data, applications, and endpoint devices in the organization.

The difference between MSPs and MSSPs is apparent in the unique expertise of their workforce, the type of operations center they use (NOC vs SOC), their tech stack, and their overall business goals.

It’s worth noting that while there is a distinction in the definition of the two types of service offerings, MSPs often expand their portfolios to include managed cybersecurity services as well.

difference between msp mssp

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What services do managed cybersecurity service providers offer?

Managed cybersecurity service providers usually model their offerings according to the specific needs of clients in the region or industry and the expertise and skills of the MSSP staff of cybersecurity professionals. That said, there are some services that you are likely to find in the portfolio of most MSSPs:

  • Cyber risk assessments are one of the most important services for understanding the threat landscape and the risk to a client in a way that informs decision-makers in monetary terms.
  • Managed detection and response (MDR) includes security event detection, alerting, remediation, and sometimes proactive threat hunting and security testing to prevent potential cyberattacks.
  • Vulnerability management entails ongoing identification, assessment, documentation, prioritization, and remediation of security vulnerabilities across the client’s systems.
  • Identity and access management are designed to ensure that only authorized persons and systems get access to data and applications they should. MSSPs often aid companies in setting up as well as testing their data and service access policies.

What services do MSSPs offer?

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6 Tips for Evaluating Managed Cybersecurity Service Providers

Different MSSPs offer varying services and contracts and specialize in specific industries or regulatory requirements. Before you choose an MSSP that will serve your cybersecurity needs and support your in-house teams, there are a few considerations to take into account.

1. Assess MSSP Experience in Your Industry

Ensure that the MSSP you choose has relevant experience in your industry and a proven track record of understanding the specific cybersecurity challenges and compliance requirements. Verify they have deep industry knowledge and a history of working with clients in similar market conditions. Also, check that they stay up-to-date on new and upcoming threats and regulations as well as innovations in the world of cybersecurity tooling and technologies.

2. Scrutinize the Service Offering, Infrastructure, and Tech Stack

Carefully and meticulously examine the range of managed services the MSSP offers to ensure they can deliver the solutions to support your organization’s security posture and align with your cybersecurity needs and requirements. Look for MSSPs that provide a comprehensive suite of services, including tools and solutions like vulnerability management, proactive security monitoring, incident detection and response, risk assessments, and compliance monitoring, to name a few.

Pay special attention to the MSSP toolkit and infrastructure, including their security operations center (SOC) technologies, operational methodologies, and processes. Familiarize yourself with the systems they have in place, the applications they employ for collaboration with customers, and how these can interface with your organization’s existing cybersecurity and IT stacks.

One key benefit of hiring an MSSP is their ability to combine services and solutions into a cohesive suite that mitigates threats relevant to your organization. Seek out the MSSPs that excel in seeing “the big picture” and can aid in bridging the gaps you may not even be aware of in your organizational security posture.

3. Prioritize Scalability and Flexibility

The business environment, regulatory demands, and business growth all affect organizations’ cybersecurity requirements. This means that the MSSP you hire should be able to adapt and adjust your cybersecurity strategy, increasing or shrinking security coverage as needed and optimizing resource allocation and service costs.

4. Emphasize Responsiveness and SLAs

Cyber attacks and security breaches cannot be scheduled, so it’s important to thoroughly assess the Service Level Agreements (SLAs) and customer support responsiveness and availability. Make sure that these align with your business and compliance requirements, such as incident response times, communication protocols, regular updates, and collaboration protocols with the organization’s in-house InfoSec teams. 

In addition, check what measures the MSSP employs to ensure that security measures are adequately maintained, updated, and adjusted as business needs shift.

5. Ensure Compliance and Look for Certifications

A big motivation for utilizing MSSPs is the need for regulatory compliance. If your business operates in a highly regulated field, be sure to evaluate the MSSP’s compliance service offerings closely to ensure that they align with your current and future compliance needs.

In addition, it’s important to remember that an MSSP, while tasked with securing an organization’s information systems, is still a third-party service provider and should be treated as such when performing due diligence. Look for compliance certifications (like SOC 2, ISO 27001, and GDPR) to ensure the MSSP follows strict security standards when handling your business’s sensitive information and mission-critical applications.

compliance certifications (like SOC 2, ISO 27001, and GDPR) MSSP

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6. Check Positioning and Reviews in Relevant Directories

As with any product or service you employ, checking a vendor’s track record and reputation is important before you make any decision. When seeking out reputable and trustworthy managed cybersecurity service providers, be sure to get references from their current and past clients, plus online testimonials. Check specialized collections of MSSPs, like The vCISO Directory. These will help you evaluate the reliability, service quality, and services you can expect from the MSSP you’re researching.

Scalable MSSP Operations and Enhanced Service Delivery with Cynomi

If you are looking for an MSSP

An MSSP is, first and foremost, a trusted advisor on all things cybersecurity and should work closely with your in-house teams to align cybersecurity investments with business goals. A lot of research is needed to find the right fit, as you must evaluate numerous criteria, from industry experience to responsiveness and tech stack compatibility. 

That said, hiring an MSSP that genuinely cares about enhancing the security posture of your business without overloading your in-house teams is often the only way to deal with the increasing risk of catastrophic cyber breaches and growing compliance demands.

If you are an MSSP

To attract and retain clients, you must clearly demonstrate the value of your offering and adjust swiftly to their shifting demands. With Cynomi’s vCISO platform, you can do both and easily scale operations without expanding your existing in-house expertise and resources.

Using Cynomi for risk assessment services differentiates your MSSP from competitors—our platform helps you demonstrate the clear value of your services in response to the client’s security and compliance gaps. Build an effective, tailor-made cybersecurity strategy for each client in a fraction of the time.

Discover how Cynomi’s vCISO platform can help you close gaps in your clients’ security postures.

The Essential NIST 800-171 Compliance Checklist

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Amie Schwedock Publication date: 11 November, 2024
vCISO Community
800 171 Checklist

Cybersecurity compliance isn’t just a set of rules—it’s a moving target that keeps changing just when you think you’re catching up. Frameworks like NIST 800-171 may seem like an overwhelming addition to your existing compliance repertoire, but they’re crucial. One misstep can lead to millions in damages, lost contracts, or even legal trouble. 

By 2025, cybercrime damages are expected to hit $10.5 trillion. That’s not just a number—it’s our reality. Ignoring compliance today isn’t just risky; it’s like leaving the door wide open for financial catastrophe. In the U.S., the average cost of a data breach stands at $9.36 million, making it the most expensive country to suffer a breach.

MSPs/MSSPs are constantly working to keep clients secure. Understanding the mysteries and intricacies of NIST 800-171 compliance is essential so you can confidently guide your clients through this challenging process.

Fortifying Cybersecurity: An In-Depth Exploration of NIST 800-171 Controls for Protecting Sensitive Information

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What is NIST 800-171 compliance, and what’s it for?

NIST 800-171 is the standard that defines how non-federal entities should protect Controlled Unclassified Information (CUI). It’s like the rulebook on keeping sensitive government-related data safe when it’s being handled outside the government.

NIST 800-171 isn’t just for your big-time defense clients either. Small to medium businesses, subcontractors, and anyone in a supply chain handling CUI (think about all those companies dealing with government contracts) have a seat at this table.

While compliance is ultimately the responsibility of businesses, MSPs/MSSPs possess the specialized knowledge of security controls and best practices needed for NIST 800-171 compliance, putting you in a unique position to guide clients through the complexities of the framework. Compliance with NIST 800-171 isn’t as simple as ticking a box—it’s about systematically helping your clients secure their environments to protect CUI.

What is Controlled Unclassified Information (CUI)?

Controlled Unclassified Information, or CUI, is sensitive data that isn’t quite top-secret but still demands a very high level of protection, such as:

  • Health records
  • Research and engineering data
  • Process sheets and manuals
  • Law enforcement records

It could include anything from blueprints to internal communications—basically, if the government doesn’t want it widely accessible but it’s also not classified, it’s CUI.

7 steps nist 800-171 compliance

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Top NIST 800-171 Requirements You Need to Know

Let’s dive into some of the top NIST 800-171 requirements MSPs/MSSPs should know about, and how you can describe them contextually to your clients. 

1. Access Control (AC)

Your client needs to limit who has access to CUI in their organization. It sounds basic, but this control forms the foundation of security. It means defining roles, setting permissions, and ensuring that only those who need access get access.

2. Awareness and Training (AT)

Humans are the weakest link, right? This control is all about ensuring everyone—from the interns to the CEO—knows how to handle CUI properly. Regular training on phishing scams, best practices, and incident response can mean the difference between a small issue and a full-blown disaster for your clients.


3. Audit and Accountability (AU)

Audit logs are like your client’s network surveillance cameras, tracking who accessed what, when, and for how long. Like a good detective story, these logs help piece together what happens if something goes wrong. 

4. Configuration Management (CM)

Configuration management means your clients should keep systems documented and secure. There should be no ad-hoc changes or one-off settings that someone decided were a good idea at the time—everything needs to be standardized and tracked. Controlled environments are secure environments.

5. Incident Response (IR)

Having an incident response plan means your client isn’t scrambling when things hit crisis mode. It means knowing what steps to take, who to inform, and how to minimize damage.

6. Media Protection (MP)

Sensitive information doesn’t just live in the cloud. It’s on USB drives, hard copies, and sometimes even handwritten notes. Media protection is about ensuring all these forms of CUI are protected and properly destroyed when no longer needed.

7. System and Communications Protection (SC)

This NIST 800-171 requirement is about ensuring that systems communicate securely. Encryption, secure protocols, and network segmentation all play a part in protecting information from falling into the wrong hands during transmission.

8. Physical Protection (PE)

Digital security is vital, but your clients can’t forget about physical security. If anyone can walk in and plug a device into their network, all their fancy cyber defenses become useless. Physical protection includes locked doors, restricted access areas, and proper visitor monitoring.

Industry’s Implementation of NIST SP 800-171

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The Essential NIST 800-171 Compliance Checklist

1. Identify Your CUI

You can’t protect what you don’t know exists. Start by identifying every piece of CUI in your environment. 

  • Conduct a comprehensive data inventory to locate all CUI within your organization.
  • Use data classification tools to tag and monitor CUI to ensure proper handling and protection throughout its lifecycle.
  • Assign a dedicated team or individual responsible for maintaining an updated inventory of all CUI, ensuring constant tracking and safeguarding against unauthorized access.

2. Categorize and Prioritize Your Security Needs

Not all data is created equal. Categorize CUI based on sensitivity and prioritize protection for high-risk areas, which helps clients focus resources effectively.

  • Classify CUI based on sensitivity, risk, and business impact to prioritize security measures effectively.
  • Develop a matrix that identifies the most critical data assets and assign tiered security controls for each level.
  • Conduct regular risk assessments to update the categorization as the nature of the data and threat landscape evolves.

3. Control Physical Access

Clients must protect the physical areas where CUI is stored or processed, which means keeping unauthorized personnel out of restricted areas, locking servers, and generally minimizing any risk of physical breach.

  • Implement access controls such as biometric systems, keycard entry, or security guards for sensitive areas.
  • Ensure all visitors are logged and escorted at all times within secure areas.
  • Conduct periodic reviews of physical security measures, ensuring all equipment is functional and personnel are trained in emergency protocols.

4. Establish Baseline Configurations

A baseline configuration provides a secure starting point for all systems and software. It means configuring systems so they are secure by default and ensuring any changes follow a strict process.

  • Define standard security configurations for all IT systems, ensuring they meet NIST 800-171 security requirements.
  • Use automated tools to enforce baseline configurations and identify any deviations.
  • Regularly audit configurations to confirm compliance with baseline standards, updating them as new threats emerge.

5. Encrypt Data at Rest and in Transit

Data encryption is crucial. Ensure that any CUI is encrypted both when stored and while being transferred. This helps protect against both physical theft (like lost drives) and cyber threats (such as intercepted communications).

  • Deploy end-to-end encryption for data stored on devices and servers as well as data transmitted across networks.
  • Use industry-standard encryption protocols such as AES-256 for data at rest and TLS 1.2 or higher for data in transit.
  • Periodically test encryption configurations and update encryption methods as needed to address emerging vulnerabilities.

 Data Encryption (Definition, Best Practices & More)

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6. Conduct Regular Security Awareness Training

Phishing attacks are still one of the easiest ways for attackers to get in. Regular security awareness training reduces human error and keeps everyone vigilant. Make this a continuous process, not just an annual checkbox.

  • Develop phishing simulations to test employee readiness and conduct follow-up training on weak spots.
  • Incorporate hands-on workshops and scenarios to better prepare employees for real-world cyber threats.
  • Track and report employee progress through training modules, ensuring regular updates and refreshers to maintain vigilance.

7. Implement a Risk Management Process

Risk management means regularly assessing your environment for weaknesses and addressing them before an attacker can exploit them. Vulnerability assessments, penetration testing, and patch management all fall under this umbrella.

  • Create a vulnerability management program that includes regular penetration testing and vulnerability scans.
  • Prioritize risk mitigation based on potential impact and likelihood, ensuring critical vulnerabilities are addressed first.
  • Maintain an up-to-date risk register to document risks, mitigations, and responsible parties for easy review and accountability.

8. Create an Incident Response Plan

When the unexpected happens, being prepared saves time and money. An incident response plan outlines how to react, contain, and recover from an incident—with as little fallout as possible. Rehearse it regularly so that everyone knows their role.

  • Develop detailed playbooks for various incident types (e.g., ransomware, phishing, data breach).
  • Schedule routine incident response drills and tabletop exercises to test and refine the response plan.
  • Ensure key personnel and stakeholders are fully aware of their roles and responsibilities with up-to-date contact information readily available.

incident response plan in cybersecurity

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9. Maintain Audit Logs

Track and log every access to systems and CUI. These logs provide valuable information for forensic analysis in case of an incident and help prove compliance during assessments. Make sure they’re monitored and that access to logs is restricted.

  • Implement a centralized logging solution that aggregates and secures audit logs from all systems and devices handling CUI.
  • Set up automated workflows and alerts for suspicious activity detected in the logs, ensuring quick response to potential breaches.
  • Regularly review and archive logs according to retention policies, ensuring they are available for both security investigations and compliance audits.

10. Secure Your Supply Chain

Your security is only as strong as the weakest link in your supply chain. Vet suppliers and ensure they meet NIST 800-171 requirements as well. Encourage your clients to include cybersecurity clauses in supplier agreements.

  • Conduct third-party risk assessments to ensure all suppliers adhere to NIST 800-171 standards.
  • Include clauses in contracts that enforce cybersecurity requirements and penalties for non-compliance.
  • Continuously monitor suppliers for security incidents or changes in their security posture, addressing risks proactively.

Start Your Path to Compliance

Compliance isn’t a one-and-done deal. It’s a continuous journey that evolves as regulations change, technology advances, and threats emerge. For MSP/MSSPs, offering NIST 800-171 compliance support is more than a value-add; it’s about protecting the business and ensuring clients keep those federal contracts coming.

Cynomi’s vCISO platform is built to simplify compliance for MSPs/MSSPs, taking the manual, time-consuming work out of compliance assessments. Whether it’s mapping controls or generating policies, Cynomi helps you focus on the bigger picture—keeping clients compliant and secure while freeing you up to focus on strategic growth.

Ready to see how Cynomi can make compliance easier for you and your clients? Schedule a demo today.

 

8 Essentials Every Vendor Risk Assessment Must Contain

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Amie Schwedock Publication date: 11 November, 2024
Compliance
8 Essentials Every Vendor Risk Assessment Must Contain

When a vendor’s system is compromised, the ripple effects can devastate hundreds, even thousands, of companies. It’s a chain reaction—one vulnerability in a supplier’s infrastructure can lead to compromised data, halted operations, and breaches that spread like wildfire. The risk isn’t just theoretical. 

In 2023 alone, there was a 70% increase in attacks executed using Remote Monitoring and Management (RMM) tools, with threat actors leveraging these platforms to gain unauthorized access to endpoints.

An organization is only as secure as its weakest link in the supply chain. But what exactly makes a vendor risk assessment effective, and how can MSPs/MSSPs ensure clients aren’t left vulnerable by third-party oversights?

 

What is a vendor risk assessment?

A vendor risk assessment is a structured process for evaluating a third-party provider’s security practices, systems, and operational stability. It’s essentially a deep dive into whether a vendor meets the necessary security and compliance standards to work with an organization. MSPs/MSSPs can provide a vendor risk assessment on behalf of their clients to help third-party security and compliance.

Modern businesses are interdependent. From cloud services and SaaS platforms to hardware suppliers and data processors, almost every company relies on vendors. However, those partnerships introduce risks that aren’t always obvious until it’s too late, hence the need for a vendor risk assessment.

Vendor risk levels

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How does a vendor risk assessment work?

A vendor risk assessment workflow evaluates a vendor’s security protocols, regulatory compliance, and operational reliability. It includes reviewing their security policies, incident response plans, and history of breaches.

Here’s a simplified vendor risk assessment workflow:

  • Identify Vendor Dependencies: Map out which vendors are critical to your business. The more crucial their role, the deeper the assessment.
  • Evaluate Security Posture: Review the vendor’s encryption standards, firewall policies, vulnerability management, and incident response capabilities.
  • Check Compliance: Ensure they meet relevant regulations like GDPR, HIPAA, or PCI-DSS.
  • Assess Operational Risk: Check if they have redundancy and backup systems to ensure continuity during an outage or attack.
  • Score the Risks: Based on the findings, assign a risk score to prioritize mitigation strategies or determine whether the vendor is an acceptable risk.

Types of vendor risk graphic
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4 Critical Categories of Vendor Risk

While no vendor relationship is without risk, here are the categories that deserve the most attention.

Risk CategoryDescriptionKey Questions
Cybersecurity RiskIf a vendor has access to sensitive data or systems, a breach on their side can directly impact your organization. Review encryption, firewalls, patch management, and incident response capabilities.How fast do they address vulnerabilities? 

Do they have real-time threat detection and containment in place?

Operational RiskA disruption in essential services like cloud storage or software can cripple operations. Check disaster recovery, business continuity plans, redundancy, and uptime.Do they have redundancy and a strong uptime record? 

Are their business continuity plans tested?

Compliance RiskNon-compliance with regulations like GDPR, NIS2, or HIPAA can lead to fines and damage trust. Ensure the vendor meets necessary standards and holds relevant certifications.Are they regularly audited for compliance? 

Do they hold up-to-date certifications for relevant regulations?

Reputational RiskA vendor’s failure can tarnish your reputation. If they experience a breach or major issue, it may reflect on your client’s organization and impact public perception.How closely is your brand tied to theirs? 

Could their failure impact your public image?

 

5×5 Risk Matrix Example

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How to Calculate Vendor Risk

Calculating vendor risk isn’t about gut feelings—it’s about measurable factors determining how much exposure a vendor introduces to your organization. Here are the steps to calculate vendor risk.

  1. Categorize Vendors by Criticality: Not every vendor requires the same level of scrutiny. Categorize vendors into tiers based on how critical they are to your client’s operations and the sensitivity of the data they handle.
  2. Use a Risk Scoring Framework: Adopt a scoring framework to evaluate vendors based on multiple risk factors, such as financial stability, compliance, data governance, and history of breaches. A simple risk management table or scorecard can provide a quick overview of vendors with the highest risk.
  3. Identify High-Risk Areas: Focus on high-risk areas such as how vendors manage their own cybersecurity protocols, what data they have access to, and what contingencies they have in place to deal with incidents.
  4. Perform Continuous Monitoring: Vendor risk isn’t static. Continually monitor vendors to ensure their security posture remains robust and aligned with your client’s risk tolerance. 

 

8 Essentials Every Vendor Risk Assessment Must Contain

1. Vendor Security Policies

Security policies are where it all begins. If a vendor doesn’t have robust internal security policies, they’re a liability waiting to happen. But don’t settle for vague assurances on behalf of your clients—ask for specifics. 

  • How do they manage access control
  • What encryption standards do they use? 
  • Are their data retention policies aligned with industry best practices? 

You want to see documented policies that detail everything from how they secure endpoints to how they handle data deletion. If their policies are incomplete or outdated, it’s a red flag that they’re not taking cyber risk and security seriously.

2. Incident Response Plan

It’s not a matter of if a breach will happen but when. That’s why the vendor’s incident response plan is critical. 

  • How quickly can they detect and react to a breach? 
  • Do they have the necessary tools and expertise to contain the damage before it spreads? 

You’re looking for a detailed, tested response plan that includes clear roles, responsibilities, and workflows. The plan should specify how incidents are logged, escalated, and resolved. 

3. Compliance Certification

Regulations like SOC 2, ISO 27001, and PCI-DSS aren’t just acronyms to throw around. They represent hard evidence that a vendor has their act together when it comes to security. Certifications show that the vendor has undergone rigorous audits and adheres to specific security standards. 

But don’t stop at checking for certifications in the vendor risk assessment—make sure they’re up-to-date and relevant to your client’s industry. If a vendor can’t produce these certifications, you’re rolling the dice on their compliance status, and that’s a risk no business can afford.

4. Risk Scoring

Not all risks are created equal, and neither are vendors. A solid risk scoring framework helps you quantify the level of risk each vendor presents. It isn’t just about assigning a number—it’s about understanding where a vendor’s weak spots are and how likely they are to impact your client’s organization. 

A risk score simplifies decision-making, allowing you to prioritize which vendors need deeper scrutiny or immediate risk mitigation. Whether they’re handling your client’s core infrastructure or just a secondary service, a risk score helps you measure their potential impact.

5. Business Continuity Plan

If a vendor goes down, you need to know they have a plan in place to keep things running. That’s where a business continuity plan (BCP) comes in as part of your vendor risk assessment. Evaluate how they plan to maintain operations during an outage, natural disaster, or cyberattack. 

Do they have redundancy built into their infrastructure? Is there a tested backup plan for their critical systems and services? The absence of a solid BCP is a sign that even a minor disruption could become a major operational risk for your client’s business.

What is a business continuity plan

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6. Third-Party (or Fourth-Party) Risk

Vendor risk doesn’t stop with the vendor. The vendor is likely relying on other third parties, and any gaps in their security practices will come back to haunt your client. This is often called “fourth-party risk.” A breach in the vendor’s supply chain could have just as much impact on your client’s operations as a direct breach of the vendor itself. 

Make sure the vendor is vetting their suppliers and has stringent security requirements in place for subcontractors and service providers. If they’re lax in managing their third parties, your client will be exposed to risks they never accounted for.

7. Financial Health Check

A vendor’s financial stability is just as important as their technical prowess. After all, if they experience financial distress, your client could be left scrambling for replacements—or worse, face service interruptions. Look at their financial statements and key indicators of stability, such as revenue growth, debt levels, and profitability. Are they in a position to provide long-term support? If a vendor is financially unstable, their service reliability could drop, creating gaps at critical moments.

8. Data Handling Practices

The way a vendor manages your data is a direct reflection of how they value security. You want to know exactly how they store, transfer, and dispose of your data. Are they encrypting data at rest and in transit? Do they have strict policies around data access and deletion? If they handle sensitive or regulated data, this becomes even more critical. Vendors should have transparent, documented practices that align with your organization’s data security requirements. Anything less puts your data—and your reputation—at risk.

 

Bringing It All Together: Vendor Risk Assessments with Cynomi

Managing vendor risk at scale can feel overwhelming. The sheer number of vendors most organizations rely on means a manual approach to risk assessment is impractical. This is where Cynomi’s AI-powered vCISO platform comes in. Cynomi automates the process of conducting risk assessments, allowing MSPs and MSSPs to provide tailored, comprehensive risk assessments for multiple clients at scale. By leveraging Cynomi, you save time and gain a deeper, real-time understanding of the unique risk profile of each client.

Request a demo to learn how our platform can help you automate and optimize vendor risk assessments, enabling you to deliver this service at scale to your client base.

The Business Impact Analysis Template for Download

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Amie Schwedock Publication date: 31 October, 2024
Education Templates
The Business Impact Analysis Template for Download

There’s a sweet spot in cybersecurity that sits between the technical and business sides of the coin. The link between cybersecurity and wider business goals calls for an analysis that mitigates risks and unlocks opportunities for businesses to thrive (securely) in a digital-first world.

Clients need to understand this interplay to effectively reduce the risk of incurring skyrocketing breach costs. The latest findings put this cost at $4.88 million per data breach, an increase of 10% in just a year. 

Using a detailed business impact analysis (BIA) template, MSPs and MSSPs can identify areas where security enhances operational performance, aligns with compliance requirements, and directly contributes to clients’ long-term business success. 

 

What is business impact analysis from an InfoSec perspective?

Business impact analysis in cybersecurity focuses on identifying how cybersecurity threats could impact business operations, everyday activities, and financial stability. It’s about identifying opportunities to add value through changes in security processes, technological solutions, or higher-level structures. 

By supporting clients through BIA-related tasks, MSPs/MSSPs can add more value through security services and provide tailored and strategic insights. When MSPs/MSSPs take a proactive, customized approach to BIA, they can help clients build a security posture that is reactive and strategically positioned to support growth, compliance, and resilience.

 

What is a business impact analysis template?

MSPs/MSSPs can use a business analysis template as a structured guide to assessing a client’s security needs and their interplay with broader business goals. The template aims to prepare clients for possible operational disruptions that are not only caused by cyber threats—it can also cover incidents like natural disasters, power outages, and a loss of key suppliers.

Some business impact analysis templates are based on established cybersecurity frameworks like NIST, ISO 27001, or CIS Controls, which ensures that your analysis considers best practices relevant to your client’s industry. 

 

What are the advantages of a business impact analysis template? 

Better Collaboration

The template ensures that IT and business leaders in your client’s organization speak the same language by defining security objectives in business terms, which fosters smoother communication and cooperation. 

Optimizing Client Costs

Without a structured BIA template, clients might end up with multiple overlapping tools or services that provide redundant functions. A template allows MSPs/MSSPs to evaluate the client’s current technology stack, identify gaps and redundancies, and recommend only the truly necessary solutions for business resilience.

Shifting Cybersecurity Left

Having a template is a great way to embed security into the foundation of clients’ business processes and IT operations. This proactive approach helps in catching potential operational disruptions before they turn into larger, more costly problems that detract from the ability to achieve wider business goals. 

Standardization and Repeatability

Delivering consistent, high-quality security services across various clients is essential for MSPs/MSSPs. The template ensures that each security assessment, plan, and implementation follows a structured, repeatable approach. 

 

The Business Impact Analysis Template for Download 

1. Define Business Objectives

Before diving into security measures, you must understand the client’s business resilience goals (e.g., growth, compliance automation, risk reduction, etc.) and how security fits into those targets. Hold discussions with C-suite executives to understand key business goals, business-critical systems, and operations.

Critical questions at this stage include:

  • Which people or departments are the owners of business-critical processes?
  • What internal points of contact should the BIA take note of?
  • What external points of contact should the BIA take note of?
  • Which systems do the business-critical processes depend on? (E.g., payroll software.)

security strategy

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2. Identify Resource Requirements

This step involves evaluating all the resources needed to get your client’s business up and running again. For example, you may require:

  • Stakeholders or key employees.
  • Systems and software.
  • Data, assets, or business records. 

A best practice is to rank these resources in order of priority, considering which are the most important for business continuity and recovery initiatives. 

3. Outline Systems Functionality

At this stage, you can analyze your client’s systems, including the architecture and any essential technical considerations, particularly any information relevant to recovery processes and protocols. The description could include backup procedures and physical risks (e.g., servers located in a high-risk flood area). 

4. Requirements Gathering and Prioritization

Gather detailed security requirements based on the business objectives and input from stakeholders. These requirements should address regulatory needs, technical needs, and the specific risks that the business faces.

Conduct workshops with stakeholders to gather detailed requirements, including regulatory compliance needs (e.g., GDPR, HIPAA). Use a prioritization matrix to rank the importance of different security requirements based on factors like risk, cost, and business impact.

Prioritize security initiatives based on risk assessment and business priorities. Use a Gantt chart or project management tool like Smartsheet to lay out timelines for each initiative. Therefore, your client can allocate resources (e.g., budget, personnel, tools) to each phase of the roadmap.

5. Conduct a Current State Analysis (As-Is Assessment)

An “as-is” assessment outlines the client’s current security posture. Before proposing any new security measures related to the business impact analysis, you must have a clear understanding of where the client is at. At this stage, it’s a good time to conduct a security audit using tools to assess vulnerabilities or gaps. 

Also, review existing security policies, procedures, and compliance with relevant regulations. Generic security solutions won’t provide the best protection, and the wrong tools could be a waste of resources. Therefore, you can provide a detailed comparison of different solution options to present to client stakeholders, including pros, cons, and costs.

6. Predict the Cost of an Outage 

In this step, MSPs/MSSPs can predict the impact of downtime on your client’s business. As cost is a significant concern for businesses of all sizes, separating outage impacts into cost-based categories is a good place to start. The cost amounts can vary from client to client, but the following categories are a good place to start:

  1. Severe
  2. Moderate
  3. Minimal

typical hourly cost

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7. Estimate the Downtime

Now you’ve helped your client identify potential financial losses from an outage, you can include downtime estimates in the business impact analysis template. You can collaborate with client stakeholders to predict downtime based on a few factors:

  • Recovery point objective (RPO): The maximum amount of data loss an organization is willing to tolerate after a disaster or other event. It’s expressed as a time period, usually the time since the most recent reliable backup. 
  • Recovery time objective (RTO): The maximum acceptable amount of time that a system or application can be down following an outage or disruption before it starts to have a significant negative impact on the business.   
  • Maximum tolerable downtime (MTD): The absolute maximum amount of time that a business process or system can be unavailable before it causes irreparable harm or unacceptable consequences to the organization. Essentially, it’s the point of no return—after this time, the organization may not be able to recover.

8. Define and Track Security Metrics

Establish key performance indicators (KPIs) and metrics to measure the effectiveness of security initiatives. These metrics should track both technical security (e.g., number of vulnerabilities reduced) and business outcomes (e.g., compliance status, risk reduction). This step is essential for allowing the client to measure the impact of security efforts, demonstrate ROI, and enable ongoing improvements based on measurable data.

 

Cynomi Helps You Create a Business Impact Analysis Template

A business impact analysis template can require a huge amount of manual work, but it’s a necessity for MSPs/MSSPs who want to best serve their clients. With Cynomi’s vCISO platform, you can roll out new services to clients without additional time or resource investment, including risk and compliance assessments, gap analysis, tailored policies, strategic remediation plans, and cybersecurity planning and management.

Cynomi’s automated vCISO platform combines proprietary AI algorithms with knowledge from some of the world’s best CISOs, enabling MSPs/MSSPs to offer more services without having to find new hires with the rare combined skillset of security prowess and business analytical skills. 

With Cynomi, you can conduct audits and risk assessments in the platform at a fraction of the time and cost it would require for an employee. Being skilled at these assessments is one of the most critical parts of conducting a business impact analysis. 

Cynomi automatically generates a tailor-made set of security policies based on the assessment and provides built-in intuitive and tailored questionnaires for each client. Cynomi also includes a built-in customer-facing reporting suite, making it easy to show the risk assessment results and progress to your clients. 

 

Download the template here.


6 Steps to Implement Automated Incident Response

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Amie Schwedock Publication date: 28 October, 2024
Education
Steps to implement automated incident response

It’s 3 a.m., and the breach alarms go off. Now what? Your team scrambles to log, identify, and contain the threat, and every second feels like a ticking time bomb. It’s not just the hackers you’re racing against—it’s human error, slow communication, and the limitations of manual processes.

An Apple-sponsored study found breaches in the first nine months of 2023 shot up by 20% compared to the previous year. With threats escalating, there’s no time for hesitation. In cybersecurity, speed is survival, and automated incident response (IR) offers the kind of speed that human teams simply can’t match.

What is automated incident response?

Automated incident response (IR) leverages machine learning to detect, analyze, and respond to threats faster than a human ever could. It often involves using a platform or software that orchestrates and automates tasks to combat threats like data breaches, malware infections, and denial-of-service attacks. 

Traditionally, when something goes wrong, humans have to step in to look at logs, identify the source, and decide on containment steps. Automation flips that. When a risk pops up, predefined automated workflows kick into gear: threats are contained, systems are secured, and the incident is logged for later review—all within seconds, not hours.

Here’s a high-level overview of what a typical manual incident response looks like:

  1. Incident Detection: You detect the threat. Maybe through a log or a user report.
  2. Initial Analysis: Your team scrambles to analyze it. Is it serious? What systems are affected?
  3. Containment: Now comes the fire drill—isolating the threat to keep it from spreading.
  4. Mitigation: You apply fixes to eliminate the root cause.
  5. Recovery: Finally, you restore systems and figure out how to avoid this next time.

However, these manual steps take time. In contrast, by the time your human team even registers the breach, automation has already begun isolating the threat, protecting key systems, and kicking off recovery protocols. It’s an essential inclusion for the security and compliance of incident response efforts. 

Why Automated Incident Response Is Essential

key advantages of incident response services

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Speed

In cybersecurity, speed is everything. A few minutes can mean the difference between containing a breach and allowing an attacker to exfiltrate sensitive data. Automated incident response tools can react in real-time, drastically reducing the time it takes to isolate and address threats.

Consistency

Humans are great at adapting but prone to fatigue and error. Automated systems, by contrast, follow predefined workflows flawlessly, ensuring that even under pressure, nothing gets missed. Whether it’s 3 a.m. or 3 p.m., the response is the same: fast, accurate, and complete.

Scalability

As organizations grow, so do their cybersecurity needs. Manual incident response processes cannot be scaled without hiring exponentially more staff, which isn’t feasible for most companies. Automation allows your response capabilities to scale with your organization, handling increasing volumes of threats without added human workload.

Cost Efficiency

A faster response minimizes the impact of a breach, reducing downtime and limiting financial damage. By automating incident detection, containment, and initial mitigation steps, organizations can save significant resources that would otherwise be spent on manual responses or, worse, cleaning up after a large-scale breach.

Learning and Improvement

With machine learning, automated systems can continuously improve. Every incident provides data that refine algorithms, making the system better at detecting future threats. Human teams, while invaluable for oversight and complex decision-making, simply can’t evolve at this pace.

6 Steps to Implement Automated Incident Response

1. Pick the Right Tools

Automation is only as good as the tools you use. Security Orchestration, Automation, and Response (SOAR) platforms and Endpoint Detection and Response (EDR) tools are essential. These systems integrate seamlessly with your existing security architecture, automating everything from detection to mitigation.

Soar security orchestration and automation diagram

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2. Feed Your System Real-Time Threat Intelligence

Automation doesn’t work in a vacuum. It needs data—lots of it. Integrating real-time threat intelligence allows your automated system to stay current on the latest attack methods and adapt its response accordingly. This kind of data comes from both internal sources (logs, events) and external feeds (threat intelligence providers).

3. Define Your Workflows

Your organization’s risk tolerance and security priorities will dictate how your automated workflows are structured. Decide which incidents get handled automatically and which need human oversight. For example, automated systems might deal with a low-severity phishing attack, but a sophisticated malware infection could trigger a human-in-the-loop process.

4. Leverage AI and Machine Learning

The beauty of automation is that it learns. AI-driven automation uses machine learning to spot trends in your data and adapt to new threats as they emerge. It isn’t just about responding to incidents—it’s about anticipating them. The more data your system processes, the better it gets at predicting and preventing future attacks.

benefits of incident management software

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5. Test, Test, and Test Again

Automating your incident response doesn’t mean you set it and forget it. Regular testing through incident simulations or controlled breaches helps ensure that your workflows function correctly in real-world scenarios. It helps you find weaknesses in the system before attackers do.

6. Train Your Team

Automation is a powerful tool, but it’s not a replacement for human intelligence. Your team still needs to monitor the system, manage workflows, and intervene when things go sideways. Train your staff on using your automation tools effectively and understand when to step in for manual intervention.

Key Use Cases for Automated Incident Response

Here’s where automation proves its worth:

1. Phishing Attack Mitigation:

Automated systems can detect phishing emails, block malicious links, and flag affected users in real-time, preventing damage before it spreads.

phishing attacks explained

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2. Ransomware Containment:

When ransomware is detected, automation immediately isolates infected systems and initiates a recovery process, minimizing data loss.

3. Unauthorized Access Attempts:

Automated IR flags suspicious login activity, locks compromised accounts, and alerts security teams before a breach occurs.

4. Data Exfiltration Prevention:

When abnormal data transfer rates are detected, automated systems can shut down the transfer, block the attacker’s unauthorized access, and log the incident for further investigation.

Before Automation, You Need an Incident Response Policy

Automated incident response allows organizations to keep pace with increasingly sophisticated threats, offering speed, accuracy, and scalability that human teams alone can’t match. But before you can automate, you need clear plans and goals—and that starts with your IR policy.

Cynomi provides MSPs/MSSPs with the tools to automate the creation of a tailored IR policy, enabling them to guide clients in taking the first step toward total IR automation. With a customized policy in place, MSP/MSSP clients are better prepared to implement advanced automation tools for incident response, making their security infrastructure both proactive and resilient.

Cynomi’s AI-powered platform provides a built-in incident response policy template and automates readiness assessments for each of your client’s unique IR, compliance, and security efforts. Plus, with helpful reporting features, MSPs/MSSPs can communicate the progress and success of IR policy creation clearly to client stakeholders, enabling clients to prepare early for the first step in their IR automation journey. 

Ready to get started? Request a demo to see how the platform can help MSPs/MSSPs automate the future of incident response.

6 Best Practices for Performing a Fraud Risk Assessment

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Amie Schwedock Publication date: 21 October, 2024
Education
6 Best Practices for Performing a Fraud Risk Assessment

The unfortunate fact about fraud is that every business believes it will never happen to them—until it’s too late. From financial losses to invaluable reputational damage and loss of customer trust, the consequences of falling victim to fraud attacks are not only severe but potentially irreversible. 

Yet, despite the clear and high risk, 42% of organizations either don’t have a third-party risk management program or don’t include risk scoring in their program. Thankfully, where there is high risk, there can be high reward, too. As an MSP, you’re uniquely positioned to deliver comprehensive fraud risk assessments to help your clients mitigate fraud risk matrix and avoid costly consequences.

 

What is a fraud risk assessment?

A fraud risk assessment is a comprehensive assessment that identifies, analyzes, and remediates any potential risk of fraud or fraudulent activities within an organization. MSPs/MSSPs use fraud risk assessments to evaluate various business areas for their clients, including security tools, financial controls, and even employee behavior, to uncover and address gaps that could lead to fraud. 

By helping clients proactively identify and mitigate fraud risks, MSP/MSSP services translate to tangible business value by strengthening clients’ competitive advantage and ultimately contributing to long-term financial stability and growth.   

Source

 

3 Threats the Fraud Risk Assessment Should Address 

Various security threats stem from fraudulent activity, from imposter scams directed at consumers to investment fraud targeting large banks. While each industry has unique concerns, these are three widespread threats that any assessment should address:

1. Third-party non-compliance 

Third-party fraud happens when an external entity, partner, or vendor commits fraud against a business or its customers. It has a domino effect on MSP/MSSP clients’ business operations, leading to direct financial losses through fraudulent activities like embezzlement or fake transactions. There are also indirect consequences to consider, such as lost productivity, operational downtime, and an erosion of customer trust. 

2. Financial reporting fraud

Financial reporting fraud involves deliberately manipulating or omitting a company’s economic data, usually to deceive stakeholders and investors. Fraudsters could underreport expenses, inflate asset values, or record revenue before it is earned to paint a different picture of the company’s financial health, affect stock market values, or boost employee bonuses tied to financial performance. 

3. Misappropriation of assets

Misappropriation of assets, also called embezzlement, occurs when somebody steals a company’s assets or uses them for personal gain. Common examples include:

  • Using a company credit card to pay for individual purchases.
  • Stealing data or inventory.
  • Submitting fake expenses.

In more complex scenarios, embezzlement can involve large billing schemes or payroll fraud, leading to severe financial losses. 

misappropriation of assets

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Why a Fraud Risk Assessment is a Priority for MSP Clients

However, companies often lack the expertise, time, and resources to conduct a comprehensive assessment that will yield results. Assessments are a long-term process that involves various departments and different stages of testing. At best, they may invest in a fraud detection solution to minimize damage, but this is a reactive rather than proactive approach.

That’s why MSPs/MSSPs are best placed to support clients. You can become strategic partners for your clients, integrating into the leadership of their organizations to help them develop comprehensive fraud mitigation strategies. 

With a tailored and complete fraud risk assessment, along with all the required tools and training to complete the process, you can provide companies with the visibility to effectively measure fraud risk, develop an adequate mitigation plan, and adopt a proactive approach to security. Ultimately, by serving as trusted advisors and strategic partners, MSPs/MSSPs contribute directly to their clients’ long-term success and resilience in the face of evolving fraud threats.

 

6 Best Practices for Performing a Fraud Risk Assessment

1. Tailor the assessment to specific needs

Each industry and client is different and has unique security challenges, so there isn’t one fraud risk assessment that fits all. To offer a competitive service, you must show that you understand every client and can provide a highly tailored assessment that reflects industry challenges and its regulatory landscape.

For example, suppose you have a healthcare client. In that case, you need to pay special attention to specific healthcare security gaps, such as the increased risk of vendor fraud from third-party providers of medical devices and technology. You also need to understand the requirements of healthcare regulations such as HIPAA and the HITECH Act to identify compliance gaps within your client’s business. 

2. Use qualitative data collection methods

Another great advantage MSPs/MSSPs can offer clients is the breadth of data collection capabilities, enabling higher accuracy in detecting fraud risk while minimizing operational disruptions. Qualitative insights, such as employee perceptions of organizational culture and awareness of fraud risks, prove particularly valuable in uncovering hidden vulnerabilities and understanding the human element that often plays a role in fraud.

MSPs/MSSPs can leverage various data collection methods for a comprehensive assessment, including structured interviews with key personnel, anonymous employee surveys, and collaborative workshops. But before sending a million meeting invites, identify the key stakeholders who need to be involved in each discussion.

3. Leverage advanced tech 

Advanced tools are the saviors of MSPs/MSSPs when conducting a fraud risk assessment. You can leverage AI/ML-based software to gather and quickly analyze large amounts of data and behavior analytics systems to understand user behavior over time. This will enable you to easily spot any activity compromising your client’s systems, such as account sharing, logging in and out at odd times, or using a different laptop to access company resources.

For example, a vCISO platform like Cynomi enables you to provide unique risk assessments depending on the client and their industry, without requiring further investment in in-house expertise and labor. Cynomi reviews four key risk areas, including fraud, to automatically assess your clients’ security posture. 

You can also leverage threat intelligence and incident response services to gain in-depth knowledge of vulnerabilities. IR tools enable effective workflows and industry-specific information sharing and analysis centers (ISACs) to understand external trends and improve your analysis.

fraud

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4. User-friendly reporting

Once your analysis is ready, consider how you will report on it. Gather and present your findings clearly and concisely so your client’s stakeholders can understand risks, even with little to no technical expertise. 

It’s also essential to share actionable insights with each relevant operational team. These teams will be on the ground, implementing your recommendations and monitoring risk, so they need every detail they can get. 

Use charts and graphs to illustrate findings, and include a general background on how the industry is performing when managing fraud risk. Clients are often very interested in seeing how their competitors are doing, so a benchmarking exercise will help them contextualize their situation. If you turn to tech like a vCISO platform for assistance, make sure you choose a solution with an easy-to-understand dashboard. 

5. Implement internal controls 

Now that you have identified and assessed all vulnerabilities, it’s time to mitigate risk. To provide value, MSPs/MSSPs must suggest the specific internal controls clients should implement to minimize risks. General best practices include implementing segregation of duties or tightening access controls.

Ideally, you can also tailor your advice to the unique findings and the client’s goals. For example, if you find vendor kickbacks or overbilling, you should suggest a vendor management system with regularly updated price comparisons. 

6. Provide training 

Employees are an essential company asset, and they can make or break security postures. Your clients must implement a comprehensive risk assessment training program that teaches employees how to identify and report common fraudulent activities such as clone phishing and social engineering and demonstrates real-life scenarios.

MSPs/MSSPs can provide training recommendations to clients, such as ensuring the sessions are followed by quizzes or other opportunities to consolidate learning and test knowledge. Most importantly, confirm that these training sessions are regular and ongoing and updated to reflect emerging threats, business changes, or new tooling being used. 

 

Scale Fraud Risk Assessments Services With Cynomi

While these best practices will help MSPs/MSSPs create and perform a fraud risk assessment that addresses every touchpoint, manually attempting this process requires significant time, money, and resources.

Cynomi’s AI-powered, automated vCISO platform can help you deliver highly tailored and comprehensive fraud risk assessments for a fraction of the time and cost. With tailored questionnaires, automatically generated policies, strategic remediation plans, and task prioritization, Cynomi does all the groundwork for you—enabling MSPs/MSSPs to provide a unique, best-in-class service to all clients. 

You can scale your fraud risk assessment services without operational overload while improving the depth and quality of your offering. Book a demo today to find out how. 

What does it take to be a full-fledged vCISO?

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Amie Schwedock Publication date: 2 October, 2024
vCISO Community
ebook

vCISO services are rapidly gaining traction among MSPs and MSSPs for their high-margin potential. While CISOs are in high demand, their expertise is scarce, which is why organizations often turn to vCISO services to bridge the gap to ensure they maintain robust security measures. Offering flexible, outsourced cybersecurity leadership that delivers significant value at a lower cost, a vCISO can reduce the risk of cyberattacks and protect sensitive information.

Not only do vCISOs help fill a growing need for organizations in need of strategic cyber services, but for service providers they provide differentiation and profit opportunities. These include recurring consulting revenues, upselling services as a result of newly discovered security gaps, and other highly-requested services. For MSPs and MSSPs, transitioning to offer comprehensive vCISO services is a strategic move that offers profit and efficiency if done right. However, transitioning to offering full-fledged vCISO services can be challenging. 

Explore the full guide to master comprehensive vCISO services, and keep reading to gain top tips to make the transition seamless and profitable. 

 

What is a vCISO? 

Organizations increasingly face complex and evolving cybersecurity challenges but often lack the in-house expertise to tackle these issues. A vCISO provides the critical leadership needed to navigate these risks and strengthen cyber resilience. Whether it’s to address a shortage of skilled security professionals or to ensure robust cybersecurity strategies, a vCISO offers expert guidance tailored to the unique needs of the business. 

A vCISO offers flexible, high quality cybersecurity leadership on a part-time or contract basis, bringing specialized expertise that can be challenging to find in-house, to ensure an organization’s cyber resilience. Instead of hiring a full-time CISO, businesses can subscribe to vCISO services for expert C-level cyber-assistance. vCISOs help prevent breaches, reduce risks, and mitigate attack consequences by building comprehensive cybersecurity programs.

Why  More and More MSPs and MSSPs are offering vCISO services:

  • They enable service providers to effectively meet their clients’ increasing demand for proactive cyber resilience, aligning their services with the growing market need
  • They offer the potential to grow recurring revenues by expanding into a new customer base with strategic services 
  • They help service providers differentiate themselves 
  • They are an excellent vehicle from which to upsell additional cybersecurity services to existing customers who identify security gaps as a result of these offerings
  • Those offering the complete range of vCISO services can charge a lot more while delivering highly valued services that earn word of mout

 

What do vCISO services include?

While vCISO service offerings can vary widely from client to client, here is a list of minimum services to offer: 

Risk Assessment & Management 
  • Initial Risk Assessment: Most vCISO engagements begin with a risk assessment to understand the organization’s current cybersecurity posture.
  • Ongoing Risk Management: This involves identifying, analyzing, and prioritizing risks based on the organization’s risk appetite and managing ongoing risk and remediation.
  • Comprehensive Asset Management: Effective risk management aligns with business goals and requires identifying all systems, endpoints, and users to discover threats such as unpatched systems, weak passwords, and misconfigurations.
Strategy setting
  • Developing Strategies: A thorough risk assessment enables the development of effective strategies to counter current and future threats.
  • Aligning with Business Priorities: Cybersecurity strategies must align with business priorities and financial realities, setting a roadmap for short-term, mid-term, and long-term actions.
  • Guiding Policy Creation: This roadmap guides policy creation for all employees and IT professionals, helping the organization address critical threats and tackle immediate cybersecurity issues.
Protection
  • Implementing Controls: vCISOs must be proactive in remediating threats by implementing controls such as multi-factor authentication (MFA), strong password policies, firewalls, and anti-virus software.
  • Protecting Assets: They also protect endpoints, data, networks, and emails through tools like endpoint detection and response (EDR) and email protection, as well as practices like vulnerability scanning and patch management.
Continuity planning
  • Disaster Recovery (DR): Goes beyond backups, incorporating alternative data centers and infrastructure to ensure swift recovery from disruptions.
  • Business Continuity (BC): Includes organizational and human elements, such as drills and personnel relocation plans, to ensure comprehensive preparedness.
  • Guidance on BC and DR: The vCISO provides guidance on BC, DR, data protection, retention, archiving, and disposal.
Training & Security Awareness
  • Comprehensive Training: Cybersecurity training should cover employee and executive security awareness, as well as advanced training for technical personnel.
  • Partnering with Vendors: Partnering with a vendor for security awareness training, including phishing simulation tests, helps assess and improve employee resilience against malicious URLs and attachments.
  • Continuous Improvement: IT and security personnel should undergo regular training and certification in threat detection, access management, and vulnerability management.
Compliance and Governance
  • Aligning to Large Organization Needs: Large organizations impose their compliance frameworks and standards on any vendor they are selecting.
  • Adhering to Standards: SMBs are often asked to show evidence they can fulfill applicable regulations and security frameworks like PCI-DSS, HIPAA, GDPR, ISO, CIS, NIST, and SOC 2.
  • Avoiding Disruptions: vCISO providers can help SMBs align to these requirements and avoid significant disruptions in terms of time, money, and resources.
Incident response
  • Initial Response: vCISOs manage the initial response to cyberattacks within the first 24-48 hours.
  • Developing Plans: After addressing immediate threats, they develop a cybersecurity incident response plan, assign roles within the IT and cybersecurity teams, and engage third parties for remediation and recovery.
  • Regular Drills: Regular incident response drills and table-top exercises are crucial for preparedness.
Third-party management
  • Managing Risks: vCISOs manage security risks posed by third parties, including supply chain partners, SaaS vendors, and cloud providers.
  • Defining Privileges: They ensure these connections do not become breach points by defining narrow access privileges and requiring multi-factor authentication for login.
Communication
  • Strategic Direction: vCISOs manage and set the strategic direction for cybersecurity, including planning, execution, technology implementation, and policy setting.
  • Alignment and Coordination: They ensure alignment between security and IT, coordinate teams, and integrate services smoothly.
  • Effective Communication: A full-fledged vCISO understands the business mission, and risk appetite, and communicates effectively with top management and the board.

 

Providing holistic vCISO services

Each of the elements discussed offers significant value to customers and is necessary for providing effective and efficient cybersecurity. But, how can you scale your vCISO services when as mentioned earlier, qualified CISOs are few and far between at a high cost? 

The answer: cyber security management platforms. vCISO platforms, like Cynomi, can take the MSPs and MSSPs from where they are currently, to being able to cover all aspects of vCISO services without additional resources.

To explore how you can enhance your service offerings, download our comprehensive guide and discover the steps to transition to a more robust vCISO service delivery. Understanding the essential functions of a vCISO, recognizing the upsell potential, and leveraging platforms like Cynomi will allow MSPs and MSSPs to scale their vCISO offerings efficiently and profitably.

 

Ready to elevate your cybersecurity services? Book a demo and discover how Cynomi can transform your vCISO offerings.

The Essential Cyber Insurance Coverage Checklist

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Amie Schwedock Publication date: 27 September, 2024
Compliance
The Essential Cyber Insurance Coverage Checklist

As cyber attacks become harder to avoid, cyber insurance becomes more necessary than ever—and more difficult to get. Businesses must secure adequate cyber insurance coverage to protect them against the reputational and financial consequences of attacks and breaches. 

Last year, there was a surge in cyberattacks, impacting over 343 million individuals and organizations worldwide. Data breaches alone skyrocketed by 72% between 2021 and 2023, shattering previous records and underscoring the escalating risks businesses face.

Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) swoop in to save their clients from this ongoing threat, but the role of an MSP/MSSP has become more complex and consultative in light of increasing regulatory pressure. MSPs/MSSPs must advise clients on how to meet compliance targets using tools, resources, and strategies like a cyber insurance coverage checklist, which benefits clients’ security posture and their position in the eyes of regulators and insurers. 

 

What is a cyber insurance coverage checklist?

Cyber insurance helps organizations mitigate the financial losses and liabilities of cyber incidents. It can cover expenses related to data recovery, legal fees, customer notification, customer compensation, and even business interruption.

A cyber insurance coverage checklist is a process that helps MSPs/MSSPs and clients navigate the complexities of cyber insurance policies. It outlines the essential coverage areas to consider when selecting a policy and guides in managing cyber risks and ensuring adequate protection.

 

Why You Need a Cyber Insurance Coverage Checklist

Ensure Comprehensive Coverage

Insurance guidelines are getting stricter, making it more challenging (and expensive!) than ever for businesses to get comprehensive cyber coverage. A checklist helps organizations understand exactly which threats they need to protect against and how to meet insurers’ guidelines. For example, cyber insurance policy checklists can be aligned with risk assessment methods, incident response plans, and industry security frameworks like NIST and ISO 27001.

Avoid Under-insurance or Over-insurance 

Without a checklist, MSPs/MSSPs and their clients may find themselves with inadequate protection or unnecessary expenses. A checklist helps you to choose the right coverage to match each unique risk profile and avoid stern words from insurance providers. 

Facilitate Informed Discussions with Insurance Providers

A cyber insurance coverage checklist equips you and your clients with the knowledge to ask relevant questions and negotiate favorable terms with insurance providers. Doing so ensures that you understand the coverage required and can make informed decisions when comparing cyber insurance coverage options.

cyber-insurance-reinsurance-growth-potential

Source

 

The Essential Cyber Insurance Coverage Checklist

Every cyber insurance coverage checklist should include the following ten areas of protection.

1. Data Breach Expenses

The expenses for investigating and responding to a data breach can be eye-wateringly high, which is why it is an essential component of any cyber insurance coverage checklist. The cost includes tasks like notifying affected individuals and offering credit monitoring services for victims, which can be covered through the right policy. 

Get coverage:

Ensure you understand the cyber insurance policy’s data breach notification requirements, which detail exactly when you or your client needs to contact the relevant parties. If you fall outside this timeframe, the insurance may not cover you for a data breach after all, meaning your organization is at risk of high fines and fees.

2. Cyber Extortion and Ransomware

This coverage includes costs for handling extortion demands, ransom payments (if required), and recovery post-ransomware attacks. Unfortunately, the surge in ransomware attacks poses a growing threat capable of severely impacting business operations. 

By including cyber extortion and ransomware protection in a cyber insurance coverage checklist, your client can ensure rapid recovery from attacks (with a little help from your MSP/MSSP, of course!), actively reducing downtime and operational interruptions.

Get coverage:

Verify that the policy includes the costs of negotiating with attackers, paying ransoms, and restoring data and systems

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3. Business Interruption and Extra Expenses

This policy compensates for lost income and additional expenses incurred due to a cyber incident that disrupts your client’s business operations. Including it as part of the cyber insurance checklist guarantees financial resilience, both in the aftermath and during an incident. 

Get coverage:

Check that the insurance policy includes a suitable restoration period for business interruption and covers additional costs, such as temporary office space or equipment rentals.

Cyber Insurance Layers

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4. Network Security and Privacy Liability

The cyber insurance coverage checklist should protect against any legal liabilities and financial losses stemming from privacy breaches. For example, unauthorized access can result from external or internal bad actors, leading to data breaches or privacy violations.

Get coverage:

Keep in mind that your client may need additional coverage for regulatory fines and penalties related to privacy violations in their location, such as GDPR in the EU or CCPA in California. 

5. Regulatory Fines and Penalties

Global data protection laws are becoming increasingly stringent, threatening high fines for non-compliance that should be covered in the cyber insurance policy:

  • General Data Protection Regulation (GDPR), EU: Up to €20 million or 4% of the company’s annual global turnover, whichever is greater.
  • California Consumer Privacy Act (CCPA), California: Up to $7,500 per violation for businesses and up to $15,000 per violation involving consumers under 16 years old.
  • UK Data Protection Act 2018 (DPA 2018), UK: Up to £17.5 million or 4% of the company’s annual global turnover, whichever is greater (in line with GDPR).
  • Lei Geral de Proteção de Dados Pessoais (LGPD), Brazil: Up to 2% of the company’s annual gross revenue in Brazil, capped at 50 million reais (approximately $9.5 million).

Get coverage:

If you’re unfamiliar with the regulations for each client’s industry and geography, it’s worth investing time in research or seeking third-party advice. This knowledge will inform the cyber insurance coverage checklist, and you can ensure the policy covers each specific regulation. 

6. Reputational Harm and Media Liability

Your clients may need additional costs to rebuild their reputation, such as responding to negative media coverage following a cyber incident—these expenses should absolutely be included in any cyber checklist. 

Get coverage:

Verify that the policy covers crisis communication, public relations, and legal expenses related to reputational harm. 

7. Incident Response and Forensic Investigation

The right cyber insurance policy should cover the costs of forensic investigation, data recovery, and system restoration. After all, swift and effective incident response is crucial for minimizing the damage caused by a cyberattack.

Get coverage:

If your MSP/MSSP doesn’t already offer incident response services to clients, now’s your opportunity to do so. You can use the cyber insurance coverage checklist to show your clients how critical incident response is for compliance, security, and insurance purposes. Hence, they’ll see first-hand the value of your services. 

8. Cyber Terrorism

While cyber terrorism may seem like a less likely occurrence than other attacks, such as internal threats and phishing, it is still a critical risk that must be covered by cyber insurance. Therefore, the checklist should include getting protection against losses resulting from cyberattacks perpetrated by terrorist organizations. 

Get coverage:

Verify that the cyber insurance policy defines cyberterrorism clearly and covers a broad range of terrorist activities.

7 tpyes of cyberwarfare attacks

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9. Social Engineering and Phishing Attacks

An insurance policy should provide a shield from financial losses caused by social engineering scams and phishing attacks, which trick employees into divulging sensitive information or transferring funds. 

Get coverage:

Ensure the policy includes many social engineering tactics, including phishing, spear phishing, and business email compromise (BEC).

10. Third-Party Liability

In theory, a cyber insurance coverage checklist doesn’t cover one business. Rather, it’s like a spider’s web, addressing claims made by third parties (e.g., customers and partners) for damages resulting from a cyber incident originating from the insured company’s systems or network. Ultimately, this part of the policy explains that businesses can be liable for damages caused to others.

Get coverage:

Verify that the policy includes a broad range of third-party claims related to data breaches, privacy violations, and business interruption.

 

Tick Cyber Insurance Boxes With Cynomi

With the right cyber insurance coverage, guided by a comprehensive checklist, you can advise your clients on preparing for the unexpected. But if you have a large client base and limited resources, this can seem daunting. Thankfully, Cynomi’s AI-powered platform simplifies the process, acting as the bridge between your clients and cyber insurance expectations and requirements. 

Cynomi’s automated policy creation and management features ensure your clients have up-to-date policies and procedures in place, further strengthening their insurance applications. The platform also offers actionable remediation plans to address identified issues, helping MSP/MSSPs continuously improve your clients’ cyber resilience and maintain insurability. With Cynomi, your MSP can scale up vCISO services while reducing operational costs, professional knowledge gaps, and churn.

Request a demo today to see why other MSPs leverage Cynomi to deliver unprecedented security and compliance to their clients.

Information Security for Small and Midsized Businesses – An Essential Guide for SMBs and vCISOs Alike

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Amie Schwedock Publication date: 2 August, 2024
Education
Information Security

If you practice as a virtual CISO long enough, you begin to discern commonalities among the clients you serve. Among these is the lack of understanding of what we in the information security community would consider basic principles. If not addressed, the potential success of the virtual CISO is in doubt.

Being a virtual CISO is difficult. You’re part Chief Information Security Officer, part consultant, part entrepreneur, and part small and midsized business strategist. I have often said that many CISOs would not make good virtual CISOs, and vice versa. I have zero global CISO experience and wouldn’t do well managing a team of 100 or more across multiple time zones. Conversely, one in that position would find it difficult to shift to the virtual CISO realm.

Why? Because there are major differences between information security practices from small businesses to global enterprises. Sure, they all start from the same place, protecting their information. But it diverges there. I have found over the past seven years as a practicing virtual CISO that “vCISOing” at times is much more art than science. I am an SMB counselor. It is important that at the start of the relationship that I understand the business and their risk tolerance.

However, you’re not going to find many SMBs with a written risk tolerance statement. Yet you can discern such as the trusted advisor, if you’re proficient in business communication. It’s rarely enough, or even proper, to throw a framework at an SMB as the sole information security strategy. Sure, frameworks are important, and we start from determining what is appropriate for an SMB (often NIST CSF; CIS 18 s appropriate as well). But that’s not the end of building and managing the program, it’s the beginning.

Information security, at its core, is risk management. Most SMBs don’t understand the concept or value of a risk register. Unfortunately, I’m not sure the majority of virtual CISOs do as well. Yet, I submit that is the most important tool for the client. Gapping against a framework will give you a binary view of what you do or not do, but a risk register will go further, explaining why and documenting risk-based decisions. It provides depth to the security risk management program, going from two dimensional to three dimensional.

That’s where a virtual CISO can add value way beyond information security. An excellent and competent virtual CISO will serve as a risk management educator to SMBs. They, through thinking like a risk manager, mentor by association the business in risk management beyond information security. A positive side effect is the virtual CISO learns and understands more about the business and its processes and risk tolerances. It’s a great feedback loop. With that, the virtual CISO can better serve in their primary duty of advising the business on managing information security risk.

Most security references do not teach information security pros or SMB executives how to think like an information security risk manager. As a result, SMBs most often view information security as purely cybersecurity—focused on technical issues and ignoring other areas such as governance, risk management, and awareness training beyond compliance.

I don’t know if there is any way to properly learn this beyond experience. The virtual CISO needs to understand what to ignore. Don’t take that literally; obviously all aspects of information security should be addressed. But the effective vCISO will understand risk prioritization. They will be able to tell the SMB that “no” is an appropriate response to considering applying a control and that accepting a risk is proper given the environment.

There needs to be a merger from both sides for this to happen. The virtual CISO needs to have considerable business acumen and communicative skills. On the other side, the SMB executives need to understand basic information security concepts in a language they understand.

This is the primary reason I wrote Information Security for Small and Midsized Businesses. I found myself in my vCISO career encountering SMB executives who did not understand that information security transcends cybersecurity—in other words, information security is much more than implementation and management of technical controls like firewalls and EDR systems. As a result, I began spending more time educating SMBs on what we in the industry would consider relatively simple concepts, in business language, not infosec-speak.

As time passed, I realized any of these sessions were repetitive across clients, and a compilation of such would make for a good primer guide for SMBs. What began as a lead magnet on vCISO Services, LLC’s website became the valuable reference available today. It is my intention that Information Security for Small and Midsized Businesses provides SMBs with a pragmatic understanding of the information security risks they face and potential ways to address them.

The book also holds value for the virtual CISO by functioning as a guide for how to explain such concepts to their clients. Too often jumping to technical or industry jargon may result in “deer in the headlights” reactions from the client. They may say they understand, but do they? The virtual CISO responsibly serves their clients only when they have fully advised them on information security risk. This book, like other tools focused on delivering support for the virtual CISO, including Cynomi, can help with that. Full transparency—vCISO Services, LLC is a Cynomi partner.

Ultimately, my goal is to help improve SMB security; this is just one initiative. Nor is it static. While the third edition was released not long ago in late June 2024, I am already compiling feedback for the fourth edition, planned for release in 2026. Technology, the threat environment, and our field constantly evolve, and therefore so should this book adapt to those changes. On that note, I am always interested in constructive suggestions for the next edition.

We are in this fight together. Whether you’re an SMB executive, a practicing (or aspiring) vCISO, or one interested in SMB security needs, Information Security for Small and Midsized Businesses helps achieving the goal we all want—as secure an environment as possible for SMB information and processes.

Change Healthcare Ransomware: What You Need to Know

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Amie Schwedock Publication date: 8 July, 2024
Education Compliance
Change Healthcare

In early 2024, a significant cyberattack struck the U.S. healthcare system, causing widespread disruptions and substantial financial losses. The attack not only impacted the company’s operations but also directly threatened patient health and safety.

Hackers targeted Change Healthcare, a key healthcare technology provider, with a ransomware attack that encrypted and immobilized large portions of the company’s systems. The attack cost the company $22 million, in addition to other losses incurred. 

This incident underscores the vulnerability of healthcare systems to cyber threats and the urgent need for proactive measures to protect against such attacks. Given the increasing prevalence of ransomware, it is crucial for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) to take steps to safeguard their clients.

In this blog, we’ll provide 5 actionable next steps for MSPs to prepare for and handle ransomware events with their clients. 

For a deeper dive, we encourage you to check out our webinar with Mike Wilkes, a seasoned CISO and the Director of Cyber Operations at The Security Agency, which offers a detailed analysis and key lessons learned.

 

Cynomi CEO, David Primor, and William Birchett, President of Logos Systems, discuss the Change Healthcare attack

 

What was the Change Healthcare Attack?

In February 2024, UnitedHealth Group’s Change Healthcare unit suffered a major ransomware attack that disrupted insurance claims’ processing services at numerous healthcare providers across the United States leading to significant delays in patient care and prescription processing​​​​.

The flow of payments to healthcare providers processed by Change Healthcare was brought to an abrupt halt as systems were taken offline in response to the attack. This caused significant disruption for clinics, pharmacies, and patients, leaving them unable to fulfill pre-authorized prescriptions or access insurance-covered medical treatments.

UnitedHealth, the parent company, swiftly responded by disconnecting the affected systems to contain the damage and paid a $22 million ransom in bitcoin to restore functionality. The company is still in the recovery process, working diligently to restore full operations and strengthen its defenses against future threats.

The Change Healthcare incident is part of a broader trend where cybercriminals exploit vulnerabilities in legitimate tools used by IT teams, and not malware, to launch attacks. In this case, attackers exploited a computer remote management tool used by the IT team. 

 

5 key takeaways for MSPs & MSSPs:

 

1. Governance and executive involvement: Focus on people, processes and tools – in that order

One of the most critical lessons for MSPs and MSSPs is the vital role of people and processes in cybersecurity. The new NIST Cybersecurity Framework 2.0 underscores this with its sixth category, “Govern,” highlighting its importance.

Rather than focusing solely on tools, service providers should prioritize involving executives in cybersecurity decisions and establishing clear processes. This approach ensures that cybersecurity is understood and supported at the highest levels, enabling the implementation of comprehensive security measures.

What to do:

  1. Executive involvement: Involve executives (especially the board of directors) in cybersecurity decisions to ensure that cybersecurity is understood and supported at the senior  levels. Executives and employees, across all levels of the company, should be trained to enhance security awareness.
  2. Clear Processes: Establish and share clear processes with all stakeholders is essential for effective cybersecurity. Processes can include the client documenting meeting minutes that show the board discussing cybersecurity and having a risk register to prioritize security risks.
  3. Governance: Governance is critical for cybersecurity. Ensure clients have well-documented controls and processes in place, such as those outlined in the NIST cybersecurity framework

 

2. Risk Management and Compliance: Verify your clients’ WISP

Make sure your clients have a well-rehearsed and clear WISP (Written Information Security Plans). A WISP helps identify and manage risks effectively by outlining procedures for handling security incidents.

What to do:

  • Create and/or verify WISP for your clients
  • Ensure that clients understand that they are responsible for their own security and that you are responsible for providing security services and support

 

3. Shared Responsibility Model and SERP: Create a security incident response plan (SERP)

Ensure clients have a well-rehearsed Security Incident Response Plan (SERP), i.e. the “playbook” or “runbook” for handling security incidents. The SERP is a critical component of an organization’s security posture, as it ensures compliance, enables effective incident response, and clarifies the shared responsibilities between the MSP/MSSP and the client. 

The SERP outlines the procedures and framework for incident response and should be tested regularly to ensure that the organization can effectively detect, quarantine, and mitigate security incidents.

As an MSP or MSSP, you may be held responsible for security incidents that occur with your clients, even if the client should have been responsible. The shared responsibility model emphasizes that both the MSP/MSSP and the client are responsible for ensuring the security of the client’s infrastructure. This model should be clearly communicated to clients to avoid ambiguity and potential legal issues.

What to do

  • Review and regularly test your clients’ SERP
  • Communicate the shared responsibility model effectively to clients, emphasizing that both parties are responsible for ensuring the security of the client’s infrastructure.

 

4. Third Party Risk Management: Conduct Thorough Vendor Due Diligence

Assessing the security measures of third-party vendors is critical. Even if an organization has strong security, attackers will often target the weakest link, which is often a third-party provider, to gain access to the primary target. 

In the case of the Change Healthcare attack, the infrastructure of third-party providers like Okta was compromised, which then impacted Change Healthcare. In this case, the attack was a “fourth party breach event” (where an organization can be attacked through downstream business relationships and ownership structures) for the parent company United Health Group.

What to do: Ensure robust processes for identifying, monitoring, and mitigating third-party risks are in place.

 

5. Practice security hygiene

MSPs need to ensure their clients are constantly monitoring and updating their security processes across the company.

What to do (an initial  list of considerations):

  • Ensure your clients implement MFA across all relevant systems.
  • Adopt a zero trust security model and enforce strict verification processes for every access request.
  • Regularly update and patch systems
  • Make a list of all your remote management tools and ensure they’re securely configured and continuously monitored.

Healthcare ransomware is a growing and evolving threat that requires constant vigilance and proactive measures. By understanding the key points and lessons learned from recent incidents, MSPs and MSSPs can enhance their clients’ cybersecurity defenses and safeguard their critical operations. 

For more actionable advice on protecting your healthcare clients, check out our webinar.

Cyber Insurance: The Next SME Upsell Opportunity for MSPs/MSSPs

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Amie Schwedock Publication date: 1 July, 2024
Education
Cyber Insurance The Next SME Upsell Opportunity for MSPs MSSPs

Cyber insurance is foundational for SME business. Yet, a large percentage of SMEs lack this type of coverage, either due to lack of awareness or security de-prioritization. This security gap is actually a significant opportunity for MSPs and MSSPs, who can consult on cyber insurance and provide insurance preparation services. These will enhance the business partnership and grow their revenue. A vCISO platform can help service providers overcome knowledge, time and complexity gaps service providers may have, allowing them to confidently add cyber insurance consulting and preparation to their portfolio of services.

 

The Overlooked Importance of Cyber Insurance for SMEs

SMEs are generally well-versed in the necessity of various types of insurance. Coverages like employee insurance, property insurance, or liability insurance are often top of mind. SMEs understand that they are fundamental for protecting their business operations and ensuring stability.

However, there is another important type of insurance that SMEs often overlook – cyber insurance. Just like any other type of insurance, cyber insurance coverage checklist is an essential asset for SMEs. It helps protect against the financial and reputational damage caused by data breaches and other online attacks.

Where does this gap originate? There are three main reasons. First, in many cases, SMEs tend to shut down discussions about cybersecurity because they feel overwhelmed by security issues. Traditional vendors often emphasize cyber threats and risks in a way that can feel overwhelming. The continuous stream of horror stories about data breaches and ransomware can cause decision-makers to become desensitized or even avoidant. This results in de-prioritization of the issue.

In other cases, SMEs might lack the knowledge and awareness of the importance of cybersecurity. Only 17% of small businesses have a cyber insurance policy in place. 48% of businesses that have insurance, only purchased it after an attack. As small businesses with small operations, they have a long list of tasks to focus on. Cybersecurity is not always top of mind. 

This is exactly where cyber insurance coverage checklist comes in. On the one hand, it is a pragmatic solution to the stress and business threat of cyber attacks. This is exactly like other forms of insurance, for example fire insurance or workers’ compensation, help manage business risk. Cyber insurance helps SMEs manage the financial risks associated with cyber incidents, providing a safety net that ensures business continuity in the face of potential cyber threats.

On the other, it helps relieve SMEs of the need to constantly be aware of security issues. While cyber insurance doesn’t replace security strategies and cis cyber controls (see below), it does provide a safety net that allows SMEs to focus on their core business activities.

The third reason SMEs lack insurance stems from the insurers themselves. Many SMEs actually are looking for cybersecurity insurance, but they need guidance and assistance. With insurers requiring stringent measures and posing complicated demands, it has become difficult for SMEs with limited resources to navigate the requirements and purchase the right policies. 

The good news is that this gap can be addressed by managed service providers (MSPs) that can now support SMEs more easily, providing them with greater peace of mind in the face of increasing cyber threats.

 

Seizing the Opportunity: Cyber Insurance for SMEs

In any case, MSPs and MSSPs can provide SMEs with the necessary guidance and resources to help them understand the importance of cyber insurance and its benefits. They can also offer services that help SMEs navigate the process of obtaining a cyber insurance policy. This can help both service providers and SMEs, resulting in a win-win situation. 

By including cyber insurance services in their portfolio – whether as consultants or solution providers – MSSPs and MSPs have a lot to gain:

  • Upselling Services – Introducing cyber insurance to the MSP/MSSP portfolio allows for upselling opportunities in two ways. First, providing cyber insurance services on top of existing security services. Second, evaluating the client’s ability to comply with cyber insurance requirements and offering services to close any identified gaps.
  • Security Leader Positioning – Offering cyber insurance readiness and consulting services positions the service provider as a forward-thinking and strategic leader in cybersecurity. Clients will view the MSP/MSSP as a provider capable of managing security requirements end-to-end.
  • Client Education – Educating clients about the importance of cyber insurance demonstrates a commitment to their overall well-being. This educational approach fosters trust and positions the MSP/MSSP as a partner invested in their long-term success. This is also an opportunity to educate on issues that can help establish a long-term and lucrative relationship.Simplifying Cyber Insurance for Clients – Managing cyber insurance can be complex and time-consuming. By taking on this responsibility, service providers relieve their clients from the administrative burden, allowing them to focus on their core business activities. This can help foster a long-term business relationship.
  • Stronger Security Posture – Cyber insurance policies often come with specific security requirements. Helping clients meet these requirements improves their security posture and reduces the likelihood of cyber incidents. This approach builds confidence in the service provider’s ability to deliver on their promise for lower risk.

 

Service Providers’ Challenges in Offering Cyber Insurance Readiness Services

Despite cyber insurance being essential for their clients, MSPs and MSSPs face several challenges when offering such readiness services

  • Complexity – Cyber insurance policies can be complex, with varying coverage options, exclusions and requirements. Understanding and communicating these intricacies to clients can be confusing.
  • Time-Consuming – Preparing a client for cyber insurance involves conducting comprehensive risk assessments, implementing necessary security measures and ensuring ongoing compliance. This process can be time-intensive and resource-draining.
  • Knowledge Gap – MSPs and MSSPs may not possess the in-depth knowledge required to understand the cyber insurance landscape effectively. This includes understanding the nuances of policy terms, negotiating with insurers, and ensuring that clients meet all prerequisites for coverage.

 

Leveraging the vCISO Platform for Cyber Insurance Readiness

A vCISO platform is an automated solution that helps MSPs and MSSPs provide expert vCISO services to their clients, including supporting cyber insurance requirements. This includes:

Preparing Clients for Cyber Insurance

The vCISO platform provides a structured approach to get clients ready for cyber insurance. It automates the process of risk assessment, generates relevant policies, identifies security gaps, maps and audits compliance with security and regulatory frameworks, guides the implementation of necessary security measures and provides reports that can be used for auditing. This helps ensure clients meet the prerequisites for coverage and any insurer requirements along the way.

Expediting the Process Through Automation

A vCISO platform relieves MSPs/MSSPs and their clients from manually having to assess, evaluate and audit their security and compliance posture. Instead, automation expedites the process and reduces manual errors. This reduces the time and effort required, allowing for quicker coverage turnaround times.

Centralized Access for Third Parties

The platform enables access to third parties, such as insurance brokers and underwriters. They can view policies, evidence collected, compliance readiness, scanning reports, forensics (both external and internal), assessments, task lists and risk mitigation plans. This transparency ensures all stakeholders have the information they need, to accelerate the underwriting process and abstract away complexities

Knowledge and Expertise

The vCISO platform is equipped with extensive knowledge resources. It provides guidance on best practices, compliance requirements and the latest cybersecurity trends. This helps MSPs and MSSPs fill any knowledge gaps and deliver expert advice to their clients even with limited in-house expert knowledge.

 

Cyber Insurance and Cybersecurity: A Comprehensive Approach for MSPs/MSSPs and Their Clients

While cyber insurance is a financial safety net for breaches, it is not a replacement for a security strategy. Cybersecurity focuses on preventing incidents and minimizing their impact, while cyber insurance handles the financial fallout. This dual approach ensures that clients are well-protected both technically and financially. Together, both security strategy and cyber insurance offer a comprehensive approach to cyber risk management.

 

To learn more about how a vCISO platform can help with both security and cyber insurance, book a demo and intro call here.

7 Risk Assessment Methods to Streamline Risk Management

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Amie Schwedock Publication date: 28 June, 2024
Education
7 Risk Assessment Methods to Streamline Risk Management

Cybersecurity is all about the fear of the unknown. In reality, you never truly know what damage or consequences an attack could cause your clients’ organization. But as their MSP of choice, it’s your job to predict the unpredictable. 

Cybercrime will reach $23 trillion by 2027 – that’s a lot of threats, bad actors, and risk pummelling your clients’ businesses from all angles. Conducting a risk assessment is one way to gain visibility over prolific threats and mitigate them before they occur. While there are various risk assessment methods you can use, the challenge lies in identifying which one is best for you and your clients.

What are risk assessment methods?

A risk assessment is a systematic process for identifying, analyzing, and evaluating potential threats and vulnerabilities that could compromise sensitive data or disrupt business operations. Whether your clients are large enterprises or startups, their data is a target, including customer information, financial records, or proprietary information. 

Risk assessment methods provide a comprehensive understanding of your clients’ cybersecurity risk profile. It includes identifying the threats they are most vulnerable to, their potential impact, and the likelihood of them occurring. With this information, your MSP/MSSP can make informed decisions about allocating resources and implementing security measures tailored to their needs. It’s about being proactive, not reactive.

risk assessment

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Why do you need risk assessment methods?

1. Proactive Threat Identification and Mitigation

Risk assessments enable you to proactively identify and prioritize vulnerabilities in your clients’ systems, networks, and applications before malicious actors exploit them. It includes identifying potential attack entry points, weaknesses in security configurations, and inadequate access controls. Addressing these vulnerabilities can significantly reduce the risk of a successful cyber attack.

2. Regulatory Compliance

Compliance with cybersecurity standards such as ISO 27001, the NIST Cybersecurity Framework, or HIPAA is mandatory in many industries. Risk assessments are an essential part of demonstrating compliance with these standards. They provide evidence that you and your clients are committed to protecting sensitive data and meeting regulatory requirements.

3. Data-Driven Security Investments

Risk assessments offer a quantitative and qualitative analysis of potential risks, allowing you to decide where to invest cybersecurity budget. By understanding the potential financial impact of different threats, you can prioritize security measures that offer the greatest return on investment.

4. Incident Response Preparedness

A well-conducted risk assessment identifies potential scenarios that could lead to security incidents. This information is crucial for developing effective incident response plans. Knowing what to expect can prepare your team to respond quickly and effectively to minimize damage and downtime.

5. Continuous Security Improvement

Cybersecurity is more than just a one-and-done task. Regular risk assessments provide a feedback loop that allows you to identify emerging risks, evaluate the effectiveness of existing security measures, and make necessary adjustments to maintain your clients’ security posture. Also, risk assessments may help you decide what to add to your suite of MSP software solutions based on the current cybersecurity landscape. 

risk assessment circle

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4 Ways to Choose the Right Risk Assessment Methods

1. Scope and Depth

The scope of your assessment should align with your clients’ specific needs and risk profile. Consider factors like the organization’s size, the IT infrastructure’s complexity, and the data’s sensitivity. For example, a smaller organization with limited resources opts for a less comprehensive assessment, while a larger organization with critical assets requires a more in-depth analysis.

2. Quantitative vs. Qualitative

Quantitative risk assessments focus on assigning numerical values to risks, such as financial impact and probability of occurrence. It allows for a more objective evaluation of risks and prioritization of mitigation efforts. On the other hand, qualitative assessments rely on expert judgment and qualitative descriptions to assess the impact and likelihood of risks. The choice between these approaches depends on data availability, the precision required, and the organization’s risk culture.

3. Industry Standards and Regulatory Requirements

If your organization operates in a regulated industry, you must ensure that your risk assessment methods comply with relevant standards and regulations. For example, healthcare organizations must adhere to HIPAA, while financial institutions must comply with GLBA. 

4. Resources and Expertise

The complexity of the chosen risk assessment method should align with the available resources and expertise within your organization. Some methods require specialized knowledge and tools, while others are more accessible to general IT staff. It’s essential to balance the rigor of the assessment and the resources required to conduct it effectively.

For some MSP/MSSPs, choosing a risk assessment method is only the first challenge. Internal knowledge gaps, headcount shortages, and budget also contribute to the complexity of conducting a risk assessment for your clients. In this instance, many organizations turn to automated solutions like vCISO platforms to help deliver risk assessment services efficiently with the resources you currently have. 

For example, Cynomi enables you to provide comprehensive risk assessments to each client, including automatically generated tailored policies and strategic remediation plans with prioritized tasks. Therefore, assessment capabilities should be on every vCISO checklist.

pillars of strategic risk assessment

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7 Risk Assessment Methods to Streamline Risk Management 

1. Quantitative Risk Assessment (QRA)

QRA is a mathematically rigorous approach that assigns numerical values to risks. It involves calculating the Annualized Loss Expectancy (ALE), which is the product of the Single Loss Expectancy (SLE) and the Annualized Rate of Occurrence (ARO). SLE is the estimated financial loss from a single event, while ARO is the frequency of expected events occurring in a year. 

The results of QRA are often expressed in monetary terms, making it easier for end-clients and stakeholders to understand the financial implications of different risks. For example, a QRA might estimate that a data breach could cost a company $500,000 annually, while a ransomware attack could cost $250,000. Hence, the business can use the information to prioritize security investments and allocate resources accordingly.

2. Qualitative Risk Assessment (QLRA)

QLRA is a subjective assessment that relies on expert judgment to categorize risks based on their likelihood and impact. This method uses descriptive scales, such as low, medium, and high, to rate risks. While QLRA needs more precision of QRA, it can be valuable when quantitative data is not available or reliable. 

It’s also helpful in assessing new or emerging risks where historical data may not exist. For example, a QLRA might assess the risk of a new type of malware as ‘high’ due to its potential to exploit a critical vulnerability in a widely used software application.

3. Asset-Based Risk Assessment (ABRA)

ABRA focuses on identifying and evaluating risks to specific assets within an organization. This method involves categorizing assets based on their value (e.g., critical, high, medium, low), identifying potential threats to each asset, and estimating the impact of a loss or compromise. 

Asset-based risks can help you prioritize security measures for your most valuable assets. For example, a company might implement more stringent access and cis cyber controls for its customer database than its marketing materials.

4. Vulnerability-Based Risk Assessment (VBRA)

Vulnerability assessments involve scanning systems, networks, and applications for vulnerabilities that attackers could exploit. It uses automated tools that identify known vulnerabilities based on Common Vulnerabilities and Exposures (CVE) databases. 

Once identified, vulnerabilities are assessed based on their severity and potential impact. VBRA is an essential component of any vulnerability management program and helps to ensure that security patches are applied promptly to mitigate risks.

5. Threat-Based Risk Assessment (TBRA)

TBRA identifies and assesses specific threats to your clients’ organizations, such as malware, phishing attacks, or insider threats. It involves analyzing threat intelligence data from various sources, including security vendors, government agencies, and open-source intelligence. 

 

pyramid

 

TBRA helps you understand the current threat landscape and tailor security measures to mitigate the most relevant threats. For example, suppose a TBRA identifies a surge in phishing attacks targeting a client’s industry. In that case, you might recommend additional email filtering and employee training to reduce the risk of a successful attack.

6. Dynamic Risk Assessment (DRA)

DRA recognizes that risks are not static and can change rapidly due to new vulnerabilities, emerging threats, or changes in the business environment. This method involves continuous monitoring of the threat landscape and adjusting risk assessments in real time based on new information. 

Dynamic risk assessments can help you adapt security measures to stay ahead of evolving threats. For example, suppose a new zero-day vulnerability is discovered in a widely used software component. In that case, a DRA can trigger an immediate assessment and response to mitigate the risk.

7. Site-Specific Risk Assessment (SSRA)

SSRA focuses on the risks associated with a specific physical location or facility. These risks include natural disasters, physical security breaches, and environmental hazards. SSRA is essential for organizations with multiple locations, as the risks can vary significantly from one site to another. 

For example, a location in a flood zone might require different data center security measures than one in a seismically active region.

Automate Risk Assessment Processes with Cynomi

Cynomi’s AI-powered vCISO platform empowers MSPs and MSSPs to navigate these treacherous waters. With built-in automated smart and adaptive questionnaires, Cynomi makes the risk assessment process quicker and simpler. Our platform also enables you to deliver comprehensive risk assessments to each of your clients, including automatically generated policies and strategic remediation plans with prioritized tasks. 

Built-in self-guided and automated discovery questionnaires help MSPs/MSSPs gain visibility over end-clients’ cybersecurity posture. Cynomi supports the risk assessment/audit process with scans to uncover critical vulnerabilities in externally visible IPs and URLs, including ports, protocols, encryption, websites, and more. 

Discover how Cynomi can transform and automate your risk assessment processes by booking a demo today.

The Crucial Risk Assessment Template for Cybersecurity

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Amie Schwedock Publication date: 5 June, 2024
Education vCISO Community Templates
The Crucial Risk Assessment Template for Cybersecurity

Cybersecurity is everyone’s business. Compliance requirements, investor demands, and data breaches are just a few drivers pushing SMEs and startups to hire MSPs and cybersecurity consultants. Their InfoSec teams are often understaffed and fail to keep up with the shifting threat landscape and regulation.

Experiencing a successful data breach can effectively destroy a business, and breaches now cost companies an average of $4.45 million – a sum that’s increased by 15% over three years.

Estimating the likelihood of an end client falling victim to a successful data breach is no easy feat. A systematic and analytical approach is required to assess the cyber risk that can threaten their organization, and one way MSPs/MSSPs can accomplish this is by using a dynamic risk assessment template.

What is a Cybersecurity Risk Assessment Template?

A cybersecurity risk assessment (CSRA) or IT security risk assessment template is a systematic process to identify, evaluate, and prioritize potential vulnerabilities in an organization’s IT systems. Cybersecurity risk assessments are also part of the requirements for security measures in regulatory and industry standards such as HIPAA, ISO 27001, FISMA, NIST, SOC, and others.

From a service provider’s perspective, a cybersecurity risk assessment is part of the onboarding process for new customers and a regular part of InfoSec operations that helps uncover gaps in a client’s security posture. Cybersecurity risk assessments are invaluable in promoting a proactive approach to breach prevention and information protection, especially in highly regulated sectors like finance and healthcare.

risk assessment

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What threats does a cybersecurity risk assessment protect against?

Incompliance

Failure to comply with regulations and industry cybersecurity standards can create massive gaps in MSP/MSSP clients’ cybersecurity postures, leading to regulatory fines and loss of business revenue for those who fail to adhere to the ever-changing requirements of regulators and cybersecurity leaders.

Third-party Risk

From compromised open-source libraries used in corporate software to SaaS misconfigurations, third-party vendors risk giving strangers unauthorized access to MSP/MSSP clients’ potentially sensitive information.

Poor Data Protection Measures

Gaps in sensitive data protection mechanisms and systems can expose customer data and sensitive information to third parties accidentally or maliciously.

Why do you need a cybersecurity risk assessment template?

Using a comprehensive cybersecurity risk assessment template to customize the risk assessment process for your clients is a straightforward approach to quickly adding this service to your portfolio. The predefined structure of cybersecurity risk assessment templates also makes it easier to produce documentation and audit trails in formats required by regulators, like security policies. Plus, it facilitates effective communication of the risk assessment process through familiar report formats.  

It’s important to note that for your cybersecurity risk assessment template to remain relevant and effective, you must invest time and resources in continuously updating it in line with future threats and vulnerabilities and re-evaluating the score values assigned to certain risks or vulnerabilities in your template. This measure will enable you to offer your customers an up-to-date evaluation of their organizational attack surface and a comprehensive view of their cybersecurity risk posture.

10 key benefits

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The Crucial Risk Assessment Template for Cybersecurity 

A robust risk assessment template is built as a categorized process that you should execute at regular intervals. It’s worth noting that this template is not based on any particular cybersecurity framework or guidelines but rather provides a holistic step-by-step checklist for performing a crucial risk assessment. The steps are as follows:

1. Describe the Purpose

The purpose of risk assessment is heavily affected by whether it is an initial or a subsequent assessment. For example, while an initial risk assessment aims to establish a baseline of cyber risk or identify cyber threats, a reassessment may be initiated as part of a risk response to re-evaluate the effectiveness of current security controls.

2. Define the Scope

Before beginning any risk assessment process, you must set the boundaries and clearly define what is included. It entails identifying the systems, environments, software, hardware, cloud infrastructure, and processes that will be evaluated and audited for cyber security risk.

By clearly defining the scope of the cybersecurity risk assessment, you ensure that you effectively allocate resources to deliver valuable insights and actionable recommendations to stakeholders. Establishing the scope of the risk assessment process will also help determine the timeline and timeframe for its implementation.

3. Inventory Relevant Assets and Resources

The next step entails compiling a comprehensive catalog of all the relevant resources and assets included in the scope of the risk assessment. These include hardware, software, devices, applications, user and machine accounts, plus third-party services that may have access to sensitive information (such as payment card information, medical histories, personally identifiable information, etc). 

You can prioritize each identified asset based on its importance to business operations and the potential fallout of its compromise to ensure effective resource allocation in mitigating potential risks to the critical business assets in the list.

Ensure you execute every step correctly by downloading the XLS risk assessment template. 

4. Evaluate the Threat Landscape

With a clear understanding of where the critical assets of the end client organization are and who can access them, it’s time to map out the potential threats and systematic vulnerabilities that may pose a risk. 

This part of the risk assessment template entails a comprehensive analysis of the potential risks that include (but are not limited to):

  • Excessive access permissions
  • Outdated IAM policies
  • Unpatched software or firmware
  • Reports of past risk events
  • Threat information from cybersecurity vendors and industry groups.

risk management process

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5. Determine Compromise Likelihood and Impact Radius

With an extensive catalog of your clients’ organizational assets and potential threats, you can begin to estimate the probability of attacks against them and the potential magnitude of the impact of a successfully exploited vulnerability.

At this stage, you can consider factors like threat actor sophistication, exploit availability, and the effectiveness of existing security controls to mitigate and minimize the damage of a threat event.

6. Calculate and Assign Cyber Risk Scores

With the numerical values you’ve assigned to asset sensitivity, threat event probability, and the potential impact of these events, you can calculate a risk score that will assist you in the next step: vulnerability prioritization.

7. Prioritize Vulnerability Mitigation

You likely have limited time, resources, and skills available at your disposal, so you must prioritize the most pressing issues and security gaps to address. In most cases, your team will want to start by highlighting and prioritizing the most critical and pressing issues uncovered in the cybersecurity risk assessment process and address them first.

8. Develop a Risk Handling Plan

Cybersecurity risk is unlike other types of risk in business, and there are a few common ways to address it:

  • Resolve it by implementing solutions and services to prevent the security event from occurring.
  • Avoid it by removing the vulnerable component from the system in favor of a more secure alternative.
  • Transfer the risk to another entity, such as an MSP or insurer.
  • Accept the risk associated with the vulnerability discovered when other risk-handling avenues are unavailable, or the risk score is particularly low.

9. Produce and Distribute a Cybersecurity Risk Assessment Report

The last part of your cybersecurity risk assessment process is gathering the necessary information, formatting it, and distributing it to the relevant stakeholders in your client’s organization. 

This stage includes comprehensive documentation of all findings and recommendations. It will enable you to communicate the results of your risk assessment to client decision-makers who support risk responses and share the relevant information with the right personnel.

Cynomi’s Risk Assesment Process

Cynomi’s risk assessment is a sophisticated calculation done through assessments of multiple security domains and scoring based on each organization’s unique security profile. Cynomi uses proprietary algorithms and adaptive tailor-made questionnaires to build a unique cybersecurity profile for each organization. The risk assessment process is highly customized to ensure it fits the specific organization. 

Each organization’s posture and risk are calculated based on that profile and compared to the desired posture of the specific organization, taking into account the organization’s parameters and characteristics, including company size, industry, geographical location, regulations and frameworks to comply with, available assets, and many more.

In other words, each organization’s posture is determined by comparing it to where it should be and not to where other organizations are (if you’re a small healthcare clinic in NY, you should be measured differently than a large law firm from Dallas).  

The result is an insightful dashboard that shows each organization’s security posture, risk areas, and domains to focus on, as can be seen in the attached screenshot.

Cynomi dashboard for partners

Cynomi Dashboard for Partners

Cynomi Policy for Partners

Cynomi Assessments Organised by Domain

Automate Cybersecurity Risk Assessments at Scale With Cynomi’s vCISO Platform

A cybersecurity risk assessment template is a document that requires a lot of maintenance and customization for each of your clients and projects. It is a time-consuming challenge for InfoSec teams and the MSPs guiding them. 

While there are advantages to using a familiar format like Excel for assessing cybersecurity risk, you should consider adopting an MSSP-centric platform like Cynomi that automates cybersecurity risk assessments and streamlines the process. Cynomi creates a unique cybersecurity profile per company, and uses adaptive, customized risk assessment questionnaires to automate the risk assessment process. It also leverages built-in scans to uncover critical vulnerabilities in externally visible IPs and URLs, including ports, protocols, encryption, and websites. Cynomi’s vCISO platform acts as the one source of truth for each of your customers’ risk assessment and augments the InfoSec team, enabling you to scale your InfoSec offering and demonstrate its value using your existing resources. 

Book a demo today to learn more about how MSPs and MSSPs use Cynomi to scale operations, reduce costs, and upsell effective and accurate InfoSec solutions to their customers. 

The Ultimate vCISO Checklist

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Amie Schwedock Publication date: 9 April, 2024
Education vCISO Community
The Ultimate vCISO Checklist

What to look for in a vCISO platform 

If you’re an MSP/MSSP looking to scale your business and meet growing SME/SMB demand for security services, providing vCISO services can be a profitable option and uplift your business. A vCISO platform will automate vCISO activities like assessing client cybersecurity posture and building and executing strategic remediation plans, without the need to hire an expensive CISO on your team. 

Here are some things to keep in mind when looking for a vCISO platform: 

Account Management 
  • Map your current and expected client portfolio. Understanding how many accounts you need to manage will allow choosing a vendor that supports creating and managing separate sub-accounts for each client. 
  • Plan your team’s headcount for the upcoming years. If you want to grow, you need to delegate ownership to your employees. Find a solution that supports delegating roles and responsibilities to team members. 
  • Identify the data and information you need for each client. A vCISO platform needs to make security management easier. Look for a solution that offers centralized management and admin-level cross-account visibility for all your accounts and for each sub-account. 
Client Onboarding and Cyber Profile Building 
  • Map the information you need from new clients. An onboarding questionnaire will allow gathering high-level information about new clients, while tailored follow-up questionnaires will allow detailed security posture evaluation. Look for a solution that provides these out-of-the-box. 
Security and Vulnerability Scanning 
  • Scan your client’s externally exposed assets. Discover vulnerabilities and insecure configurations across ports, protocols, encryption, email configuration parameters, technology updates of web applications and more. 
  • Scan your client’s internal networks. Assess security hygiene and configuration across active directory, endpoints and more. 

A solution that performs these scans automatically will provide results in minutes, coupled with remediation options that are connected to a relevant and accurate security plan. 

Continuous Security Assessment 
  • Assess your client’s overall security posture. Many products create a partial picture of security gaps. Choose a solution that parses each client’s cyber profile against industry-specific security standards, regulatory frameworks and industry-specific threat intelligence, and then couples them with the information from the security questionnaires and the scans. 
  • Calculate your client’s risk score. Understanding where the client stands will help you communicate their security status and generate a remediation plan. A helpful product will provide a dashboard for each client with their overall security posture score and show how it changes over time. It will show each client’s risk score per specific threat type, as well as a remediation plan with tasks that will improve these scores. Since no two clients are identical, the score should be tailored per client according to their industry, risk level and other parameters and should be updated continuously based on the client’s progress. 
Compliance Assessment and Reporting 
  • Assess your client’s compliance posture. A solution that presents the client’s status against CIS v8, ISO 27001, NIST CSF 1.1, NIST CSF2.0, NIST-171, NIST-SSDF, SOC 2, CMMC L1, CMMC L2, GDPR, NIS 2, PCI-DSS, HIPAA security, Cyber Essentials, FTC Safeguard Rule, SEC compliance, ICS Cyber Security, CCPA, FFIEC and others will ensure your clients are ready for any requirement. 
  • Continuous compliance assessment. Presenting each client’s compliance readiness status against the various frameworks at all times can save your team precious time, help prioritize tasks and allow you to demonstrate progress to end-clients.   
  • Generate a compliance report for each client. Be sure your vendor includes a customer-facing report with the client’s overall compliance status, maturity level, which controls they have and how they map to which framework and implementation status of improvements. 
Security Policy Generation and Management 
  • Develop security policies for improving your client’s posture. Policies need to be tailor-made and actionable. Find a vendor that creates these automatically while allowing for customization. 
  • Review policies with the client. Make sure the client can easily follow the requirements and drill-down into each one for details. You can even give them access to the platform. 
Task Management and Remediation 
  • Turn policies and security posture into actionable tasks. Make sure your clients are focusing their efforts on the right things. Leverage global CISO knowledge and AI to turn insights and policies into actionable tasks. Some platforms do this automatically, allowing you to focus on the more challenging parts of the vCISO work. 
  • Manage and track task execution. Steer away from spreadsheets or email back and forths. Can your product allow for easy management, tracking, assigning and customization of tasks? Make sure it does. 
Reporting and Customer Engagement 
  • Generate comprehensive resorts for your clients and their leadership. Demonstrate progress and allow easy decision-making. Find a solution that automatically produces reports with your client’s posture, risk exposure and compliance readiness status. 
  • Map the requirements for each report. Make sure the solutions can generate reports with your branding, the current security level, required improvements and compliance gaps. 
Continuous Optimization and Value Demonstration 
  • Continuously update security management.  Always be ready and on top of things. Your platform needs to continuously update risk scores, compliance readiness, policies and tasks so you can correctly and expertly guide your clients. 
  • Demonstrate your value. Take a good look at everything your solution is offering. Make sure it allows you to demonstrate the value of the strategic cybersecurity services you are providing. 
The Vendor 
  • Turn your vendor into a partner. Some vendors are committed to their board or stakeholders. Find a vendor that is committed to you. For example, a vendor whose customers are all partners. 
  • Evaluate the expertise you need. You can hire expert CISOs for your team or you can choose a platform that’s modeled after the global expertise of multiple CISOs. 
  • Make time for training. Platform’s need to be intuitive to use. But you also need to make sure the vendor offers training, enablement and support as needed. 

To learn more about how Cynomi can help you grow your service provider business and offer vCISO services at scale, let’s talk. 

Announcing: The PowerGRYD Community for Aspiring and Established vCISOs

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Amie Schwedock Publication date: 20 March, 2024
vCISO Community Company News
vCISO

Cynomi is thrilled to announce our sponsorship of the PowerGRYD Community, a vCISO community for MSPs, MSSPs and service providers aiming to develop and scale their vCISO services. This vendor-neutral community will be managed by Jesse Miller, world-class vCISO consultant and founder of PowerPSA consulting.

At Cynomi, we’re committed to empowering MSPs and MSSPs, facilitating knowledge sharing among vCISOs and doing our share to shape the future of the vCISO space. That’s why we decided to sponsor Jesse Miller’s community, and support the efforts for connecting and advancing vCISOs and a vCISO network.

Grow Your vCISO Career

The PowerGRYD community for vCISOs is intended for professionals who want to learn and thrive amidst the unique challenges and opportunities hidden in the vCISO practice. These include the challenges of finding skilled security personnel, scaling to meet client demands and the inefficiencies in manual and unstandardized processes. As such, the community offers the most up-to-date vCISO education and an opportunity to communicate with peers and learn from each other.

“Providing vCISO services is a significant and lucrative opportunity for MSPs and MSSPs,” says David Primor, CEO of Cynomi. “This line of business can significantly help service providers grow their business and revenue.”

Service providers who join the community will learn how to develop an ICP and Go-to-Market plan, build a pitch deck, determine pricing, write SoWs with templates, deliver services at scale and use relevant technological tools that will accelerate their services.

The vCISO Blueprint for Success

With more SMBs and SMEs requiring vCISO services to protect against third-party risks, comply with regulations and meet cyber insurance requirements, MSPs and MSSPs are rushing to keep up. By the end of this year, 86% are planning to provide vCISO services.

The PowerGRYD community is an effective and efficient way to accelerate the vCISO learning curve, provide high quality vCISO services to clients and scale growth and revenue more easily. For services providers starting out, the community can help launch the vCISO practice in months. Experienced vCISOs can use the community to learn best practices, share knowledge with each other and get exposed to new templates and methodologies that will save them valuable time.

“The PowerGRYD community will provide helpful information and resources that will save members’ time and effort,” says Jesse Miller, community manager. “We’re going to have vCISO video courses, templates that can be used, guides and methodologies, group forums, AMA sessions with highly experienced vCISOs and a free 12-month license to Cynomi.”

Learn more and register to the community here. If you are an existing Cynomi partner, you are eligible for a discount. Reach out to your Partner Account Manager for more info.

Questions to Ask Your vCISO Vendor

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Amie Schwedock Publication date: 27 February, 2024
vCISO Community
Questions to ask your vCISO vendor

Congratulations on your decision to bring in a vCISO! With the recent new risks and regulations, a vCISO will help you, as a business owner or IT member, secure your operations and ensure you meet compliance regulations.

However, the journey to finding the right vCISO might be daunting. Many organizations don’t have the time or resources to properly evaluate a large number of vCISOs. This is where this blog post can help.

Below, you will find a list of questions to ask potential vCISO vendors. The list covers a wide range of topics, from security and compliance to experience to the right tools and the team. The answers to these questions can help you determine whether the vCISO you’re assessing is the right choice. In many cases, there is no right or wrong answer, there are answers that are right for your business needs.

How to use this checklist:

  1. Review the questions and highlight the ones that are relevant for you.
  2. When evaluating vCISO vendors, ask them these questions and take notes. You can also record the call and get a transcript and initial analysis with AI.
  3. Analyze their responses after the interview. It’s recommended to do so with someone who wasn’t on the call with you. This will provide new perspectives and can help highlight issues you didn’t notice initially.
  4. Provide a score and written evaluation based on the analysis.
  5. When looking at your vCISO vendor shortlist, incorporate the score and evaluation into your considerations.

The Importance of Choosing the Right vCISO Vendor

A vCISO provides strategic security direction, develops security policies and ensures compliance with regulations. With businesses dealing with more third-party risks, regulations and insurability issues than ever, choosing the right vCISO is a top priority. Your vCISO will determine how well you can handle and manage these pressing security and compliance issues.

But a good vCISO goes beyond security expertise. vCISOs are business leaders. They communicate with management, provide insights into security investments and the threat landscape and suggest resilience planning that aligns with your business objectives. That’s why a good vCISO brings the expertise and tools that can integrate into your organization’s culture and operational cadence, elevating your business as a whole.

You should be able to see this impact in a few months time. Since you shouldn’t be looking to replace your vCISO every few months, this makes choosing the right one all the more important.

The vCISO Evaluation Checklist

Industry Experience

Cybersecurity challenges and regulatory requirements vary significantly across sectors. Each industry faces unique threats and has distinct compliance requirements. For example, finance service companies are subject to stringent regulations like PCI DSS. Attacks are usually non-complex and they deal with a relatively large number of insider threats. Healthcare companies, on the other hand, need to comply with HIPAA in the US and often face ransomware attacks.

A vCISO with deep knowledge in your specific sector brings an understanding of these unique requirements and knows how to handle them effectively. In addition, a vCISO with relevant industry experience will have a network of contacts, resources and practices that can be leveraged for your benefit and offer a competitive edge.

Questions to ask:

  1. How many years of experience do you have in my industry?
  2. Which types of customers have you worked with? Ask about company size, architecture, business model, technologies used, geographical presence, decision-making structure and more.
  3. What types of threats have you dealt with?
  4. Which compliance regulations are you familiar with?
  5. Which customer names, case studies and references can you share?

Services Scope

A vCISO’s services scope can range greatly. Services can include strategic planning, risk assessment, compliance management, policy creation, incident response, training, hands-on technical implementation and more.

Discussing the services scope helps you understand a) what their abilities and limitations are and b) whether their expertise aligns with your organization’s specific needs. Setting clear expectations will help you ensure your investment is directed towards services that are beneficial for your organization’s cybersecurity strategy.

Questions to ask:

  1. What services do you provide? What services don’t you provide?
  2. How do you address dynamic needs? Let’s say I need a new service you don’t offer, how will you respond?
  3. What’s your business model? For example, comprehensive ongoing security services end-to-end, managed services of a limited scope, a basic retainer + additional service hours for extra services, etc.
  4. Will you start with a security and compliance assessment of my organization? How does that work?
  5. How do you build and manage the security plan?
  6. To which frameworks will you map my network and plan?
  7. How do you address any future scalability needs I might have?
  8. What can I expect from you in the first 100 days?
  9. Which part of the plan do you execute yourself? And what parts need to be executed by our team?

Communication and Processes

Cybersecurity policies, risks and recommendations need to be understood and acted upon by all stakeholders in your company, from IT to the boardroom. Clear and effective communication and standardized processes ensure all relevant stakeholders are always in the loop, understand the complex technical issues in their own terms and have the information they need to make informed decisions.

Questions to ask:

  1. How does communication take place? This includes the tools and the channels.
  2. How often can we expect to get updates and information from you?
  3. How do you ensure processes are structured, standardized and communicated effectively?

Reporting

Reporting provides a clear and single pane of glass of the organization’s security and compliance posture. They ensure everyone is aligned and allow for monitoring and measuring the security activity. These findings can be used for making informed decisions, for auditing and to track progress. Therefore, they should be always accessible and understandable to both technical and non-technical stakeholders.

Questions to ask:

  1. Which reporting methods do you use? Is there a platform where we can always see the reports?
  2. How often are reports updated and shared?
  3. Which metrics do you use to measure progress and success?
  4. What’s the scope of the report? Which of the following does it cover: security posture, vulnerabilities, compliance readiness status by framework, tasks and remediation plan status?

Compliance

Meeting regulatory requirements and standards is a fundamental aspect of cybersecurity management. This includes understanding which policies, controls and practices need to be implemented, how to implement them and how to easily adapt to future changes in the regulatory environment. Effective compliance management under a vCISO’s guidance ensures the organization avoids fines and sanctions and builds trust with customers, partners and regulators.

Questions to ask:

  1. Which regulations do I need to be compliant with?
  2. How will you ensure I’m compliant with these regulations?
  3. How do you perform compliance assessments? Which tools and processes do you use?
  4. How will you report my compliance status to me?
  5. How do you create and implement compliance policies?
  6. Do you assist with auditing?
  7. Do you track new compliance regulations?
  8. How will you prepare the organizations for upcoming regulations like NIS2?

Technologies and Platforms

The technological foundation the vCISO uses will directly impact your organization’s ability to defend against current and emerging cyber threats. A vCISO who leans towards innovative solutions will better manage your security and compliance posture, while offering more advanced solutions to deal with risks and threats.

vCISO platforms also allow for visibility and reporting, giving you peace of mind since you can always see your current status and progress. They also support scalability, which means the vCISO will be able to answer your future and evolving needs, and not just your current ones.

Questions to ask:

  1. Which technologies and platforms do you use to provide vCISO solutions?
  2. Are these solutions user-friendly? Will I be able to easily use and understand them myself?
  3. Do you use SaaS platforms, so I can also easily access and stay up-to-date?
  4. Which platform do you use as a single-source-of-truth for tracking and communicating security progress?

Contracts

Contracts establish a clear, mutual understanding of the engagement’s terms, conditions and expectations. They outline the scope of work, deliverables, timelines, confidentiality obligations, fees and the mechanisms for handling changes in scope or unforeseen cybersecurity challenges. Make sure contracts are clearly written and signed beforehand, to avoid legal consequences and misunderstandings as much as possible.

Questions to ask:

  1. How much do services cost?
  2. What’s the payment or business model? For example, a fixed monthly fee, an annual fee, a basic retainer with service hours, etc.
  3. What are my obligations? What are yours?
  4. What are the terms for ending services?
  5. Who owns the data created during the relationship?

It’s recommended to consult with your legal advisors when building and signing the contract.

Get to Know the Team

Cybersecurity is a broad field that requires a range of skills, from technical expertise in areas like network security and incident response to strategic skills in risk management and compliance. A vCISO supported by a diverse and skilled team can ensure that all aspects of your organization’s security needs are addressed.

Questions to ask:

  1. How many employees do you have?
  2. What’s their experience – skill set and years in the field?
  3. Which tools do you use to improve their capabilities and bridge knowledge gaps?
  4. Who’s my point of contact?
  5. What happens if the individual vCISO I’m in touch with is away or leaves the company. Who is in charge?

Conclusion

Choosing the right vCISO is a strategic decision for your business. A good vCISO provides security and compliance peace of mind, while integrating with your business operations. This checklist can serve you and help you find a vCISO that is knowledgeable in your industry and brings in the right tools and team. By following the structured approach and questions provided, you will be able to make an informed decision, ensuring their investment in a vCISO adds significant value to your cybersecurity posture and business strategy.

See how Cynomi can help you and your vCISO enhance security services at scale. Click here.

9 vCISO Influencers You Need to Be Following in 2024

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Amie Schwedock Publication date: 5 February, 2024
vCISO Community
Top 12 vCISO Influencers You Need To Be Following

Title: 9 vCISO Influencers You Need to Be Following in 2024 

By now, many MSSPs and MSPs are familiar with the vCISO role. It’s projected that by the end of 2024, 84% of these providers will offer vCISO services. 

This emerging field of ‘virtual CISO’ is changing constantly. The vCISO role is still in the process of rapid evolution, and a consensus on its definition or scope is yet to be finalized.  

With growing demands for vCISOs, a variety of market definitions were created and some confusion about a vCISOs responsibilities. One should keep up to date on trends, requirements, frameworks, and best practices. The guidance and insights provided by influential vCISOs can be invaluable.  

There are many knowledge influencers in the space you should know about. A year ago, Cynomi compiled a list of the top vCISO influencers who we think you should be following. Today, we’ve updated this list with additional professionals who we see as thought leaders worth following.  

If you’re already offering vCISO services or considering initiating this activity anytime soon, we recommend you follow at least one vCISO influencer on social media to stay well-informed. We hope this list will help you find that person. 

 

9 vCISO influencers to follow:

1. Mike Miller
LinkedIn: https://www.linkedin.com/in/mikesportfolio/
Twitter: https://twitter.com/mikemillercyber 

Mike has over 25 years of experience as a CISO specializing in GRC (Governance, Risk, and Compliance), PCI, Defensive (SOC / Intrusion Detection) and Offensive Security (Penetration Testing), and Incident Response. Mike is a true thought leader in the vCISO space – in addition to speaking at conferences and giving interviews on cybersecurity, he owns a newsletter addressing the latest cybersecurity topics and shares from his experience as a vCISO daily on social media.  

 

2. Mike Wilkes
https://www.linkedin.com/in/eclectiqus/ 

Mike is a seasoned Chief Information Security Officer known for his work with companies like SecurityScorecard, ASCAP, Marvel, AQR Capital, and Sony, among others. Being nominated by the World Economic Forum as a technology pioneer in 2020 and the author of a book for Cisco Press in 2002, Mike is a featured speaker at technology conferences and is a professor at NYU teaching cybersecurity courses. He is recently focused on vCISO service and posts value-adding content.

 

 3. Laura Louthan
LinkedIn: https://www.linkedin.com/in/lauralouthan/overlay/about-this-profile/
Twitter: https://twitter.com/LauraLouthan 

Laura is a vCISO with more than 15 years’ experience in global security operations, IT architecture and data management. Following a variety of roles including heading information security for a large retailer, Laura founded her own cybersecurity consulting firm in 2017, Angel Cybersecurity, which is dedicated to helping small and medium business discover their potential to secure their critical information assets. She specializes in Compliance (with a unique focus on PCI), audit and assessment, and risk management. In addition to participating as a speaker in industry events and podcasts, Laura also gives online courses on LinkedIn Learning 

 

4. Jesse Miller
LinkedIn: https://www.linkedin.com/in/secopswarrior/ 

Jesse Miller, an accomplished cybersecurity executive and expert has a track record of fortifying organizations against cyber threats, is a prominent thought leader in the vCISO space. 

Jesse leverages his deep operational and leadership experience from roles as CISO and vCISO to spearhead PowerPSA Consulting. His firm is dedicated to assisting MSPs in developing robust, full-spectrum security programs. Jesse’s guidance enables these firms to achieve their fullest potential, ensuring they deliver superior cybersecurity and risk management services to their clients.  

His wealth of experience and commitment to staying ahead of industry trends make him a trusted advisor and a sought-after expert. Jesse constantly shares vCISO best practices and expert advice on social media. Check out his LinkedIn profile 

 

5. Gina Yacone
LinkedIn: https://www.linkedin.com/in/ginayacone/
Twitter: https://twitter.com/gina_yacone  

Currently leading the information security sector for Trace3 in Denver, Colorado, Gina Yacone stands out as an influencer in the cybersecurity landscape and specifically in the vCISO space. 

Gina is a seasoned cybersecurity consultant and vCISO, with vast experience working with various industries and sectors to assess their risks, design their security programs, and deploy their security technologies. In addition to being an esteemed speaker, investor, board member and advisor, Gina actively engages in the cybersecurity community through her roles on the boards of Women in Cybersecurity (WiCyS) North Carolina and other local organizations, reflecting her commitment to leadership and development in the field. She is frequently seen on conference stages, having delivered insightful presentations on information security at over 50 events. 

 

6. Allan Alford
LinkedIn: https://www.linkedin.com/in/allanalford/
Personal website: https://allanalford.com/

A distinguished vCISO leader, brings over two decades of cybersecurity expertise to the forefront and CISO experience from various industries. His journey, evolving from hands-on practitioner to visionary strategist, showcases a unique blend of technical acumen and strategic insight. Recognized for his dynamic leadership, Alford’s influence extends through engaging social media, teaching, presenting at conferences, and publishing insightful blogs, making him a trusted guide in navigating the ever-evolving cybersecurity landscape. He also owns The Cyber Ranch Podcast where he hosts friends and experts from the cybersecurity community for eye opening discussions.  

 

7. Carlota Sage
LinkedIn: https://www.linkedin.com/in/carlotasage/
Twitter: https://twitter.com/carlotasage 

Carlota Sage is the Founder and Community CISO of Pocket CISO, a company that has a community CISO approach to security advisory services to early-stage start-ups and small organizations. Carlota has been instrumental in establishing cybersecurity and compliance frameworks for many organizations, typically ranging from 50 to 150 employees. She is a vCISO since 2021, with vast experience in IT and Support Operations beforehand.  

 

8. Wes Spencer
LinkedIn: https://www.linkedin.com/in/wesspencer/
Twitter: https://twitter.com/wes_spencer 

Wes is a technology innovator and cybersecurity expert with national recognition. He served as a senior executive and advisor of various firms including Fortune 500 and is the co-founder of multiple cybersecurity companies. Wes is very active in the MSP community and is the co-host of the CyberCall with over 5,000 MSP weekly listeners.  

In addition to being a cyber executive, keynote speaker, and innovator, Wes is known by many as their YouTuber in the cyber space. Wes is currently VP of cybersecurity strategy at CyberFOX and founder of Empath 

Wes won numerous awards including the 2020 Cybersecurity Educator of the Year by the Cybersecurity Excellence Awards, and has been featured in The Wall Street Journal, Pro Publica, Dark Reading, and many other outlets. 

Follow Wes’s YouTube page: youtube.com/wesspencer 

 

9. Alexandre Blanc
LinkedIn: https://www.linkedin.com/in/alexandre-blanc-cyber-security-88569022/  

Alexandre Blanc is an international speaker, an active participant in the cybersecurity community and a well-recognized cybersecurity influencer. Alexandre is actively involved in the defining of new technological standards and participates in discussions with the National Institute of Standards and Technology (NIST). 

Recognized among the Top 30 Security Experts on LinkedIn in 2023 by Media Sonar and honored by the European Risk Policy Institute for significant contributions to global knowledge sharing in cybersecurity, Alexandre stands at the forefront of cyber risk expertise.  

In his last role, Alexandre was the strategic and security advisor at VARS Corporation, a leading Managed Security Service Provider (MSSP).  

 

Looking into the future  

The realm of vCISO influencers is characterized by diversity, with thought leaders emerging from different sectors such as MSPs, MSSPs, consultancies, VARs, pure cybersecurity backgrounds, compliance and even large accounting firms. 

Keeping an eye on vCISO influencers provides an excellent means to stay informed about industry trends, potential opportunities, and best practices. 

Although the mentioned influencers stand out in the vCISO landscape, there are numerous emerging figures with remarkable insights that deserve attention.  We’ll be refreshing this list periodically, so be sure to revisit for updates soon. 

vCISO’s First 100 Days: The Playbook

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Amie Schwedock Publication date: 10 December, 2023
Education vCISO Community
vCISO’s First 100 Days: The Playbook

As a vCISO, you are in charge of developing and implementing the business’s cybersecurity strategy, while balancing business needs and fostering trust within the organization. And even if you’re not officially on the company’s payroll, you still hold a leadership role within the organization. As such, the first 100 days are critical for navigating your professional responsibilities and positioning yourself as a reliable decision maker.

How can you ensure your first 100 days as a vCISO serve as the foundation for your long-term success? In this new blog post, we bring the highlights of a five-step 100-day action plan designed to help you accomplish your goals.

This blog post is based on the comprehensive playbook “Your First 100 Days as a vCISO – 5 Steps to Success”, which you can read here.

Goals and Pitfalls to Avoid for vCISOs

Before diving into the activities themselves, here’s a quick reminder of the vCISO’s goals and organizational risks. This list should serve to guide you throughout the first 100 days and beyond.

In the first 100 days, a vCISO should focus on three primary goals:

  1. Establishing, overseeing and managing organizational security
  2. Fostering trust among the organization with security goals
  3. Making security a business enabler

Pitfalls that should be avoided include getting caught up in organizational politics, relying on manual processes, and spreading services too thin across industries. (You can read more about the goals and pitfalls in the guide.

The 5 Phases: Your 100-Day Action Plan

Research (Days 0-30):

This phase is your opportunity to get to know the organization. It involves a deep dive into the company’s current security status and business goals, building relationships with stakeholders and evaluating existing security controls.

Some of the key activities include:

  • Meeting stakeholders and management
  • Meeting the IT/security team
  • Getting access to tools, data and all relevant systems
  • Analyzing existing infrastructure, tools, frameworks, policies and reports
  • Reviewing past security incidents and responses

Read the full list of activities and additional details about each one in the playbook.

Understand (Days 0-45)

In this step, your goal is to synthesize information into a comprehensive view of the organization’s security maturity, including risk assessment and gap analysis.

Some of the key activities include:

  • Conducting a security risk assessment
  • Creating a clear picture of security maturity and the security posture
  • Showing the current security posture and gaps to the management
  • Identifying short-term and long-term needs
  • Identifying business needs
  • Examining the use of automation

Read the full list of activities and additional details about each one in the playbook.

Prioritize (Days 15-60)

Now, you can draft actionable plans based on your understanding of the organization’s security.

Key activities include:

  • Defining short, mid and long-term goals
  • Creating a remediation/work plan based on those goals
  • Identifying 2-3 quick wins
  • Planning budgets and resources

Read the full list of activities and additional details about each one in the playbook.

Execute (Days 30-80)

This phase is about putting the strategic plan into action, establishing yourself as an organizational leader.

Key activities include:

  • Getting stakeholder and management buy-in
  • Communicating the plan to all stakeholders
  • Implementing automated systems that can deliver low hanging fruit (see examples in the report)
  • Focusing on the quick, impactful wins
  • Setting a cadence for external scanning and reporting

Read the full list of activities and additional details about each one in the playbook.

Report (Days 45-100)

The final phase involves validating the strategy’s effectiveness, crafting detailed reports and continuously adapting the security measures.

Key activities include:

  • Measuring success
  • Crafting detailed reports for management
  • Communicating progress at least once a month
  • Integrating reporting into your overall plan

Read the full list of activities and additional details about each one in the playbook.

Next Steps and Long-Term Strategy

In your first 100 days as a vCISO, you’ve established a strong foundation by building key relationships, aligning security with business goals, achieving quick wins and incorporating automation. As you transition into long-term planning, you will need to continuously refine your security practices, policies and technologies, ensuring they stay up-to-date with technological advancements and evolving threats while meeting compliance needs.

Implementing a vCISO platform will be instrumental in monitoring your organization’s security status and adapting to external changes in the threat and regulatory landscapes.

To learn more about how to knock your first 100 days out of the park, get the playbook, which was crafted together with PowerPSA Consulting for vCISOs based on our extensive experience and combined knowledge, here.