Data is undoubtedly one of the highly valuable assets of any company. However, Cybersecurity has continued to be a significant concern for IT specialists worldwide over the years. As technology is rapidly scaling, cybercriminals are increasingly inventive, with new variant viruses such as ransomware. As a result, businesses, organizations, and corporations continue to face a possible breach of their data. It doesn’t matter the industry, size, or nature of your business; these attacks have become rampant.
Developing a strategic Cybersecurity framework can be one of the effective ways to deal with cyber threats giving you the much-needed peace of mind to focus on your business. We at TLC solutions have always had a focus on helping entrepreneurs, corporates, and organizations secure their data. Our goal is to share our expertise and help you better understand these frameworks and what they can do to assist you in strengthening your cyber security posture. As a result, we’ve decided to focus on cyber security frameworks today. Our attention is on helping you understand what cyber security framework is, what types are there, and the advantages.
What is a Cybersecurity Framework?
A Cybersecurity framework is a set of standards and guiding practices that a company must follow to manage its Cybersecurity threats effectively. The framework aims to lower your company’s vulnerability to cyber-attacks and highlight the areas which are most susceptible to data breaches and other compromising actions by the hackers.
The organization’s risk management strategy is inextricably linked to a solid cyber risk management framework. At TLC Solutions, we believe that a viable Cybersecurity risk management strategy, when combined with the usage of updated information technology and artificial intelligence, can be a great way to ward off cyber threats.
As a key player in technology, our IT infrastructure security team understands Cybersecurity, and we have created this blog to assist you in learning more about an effective Cybersecurity framework. You’ll also learn how to secure your network and prevent illegal access to your personal, business, or institution’s data and files.
Types of Cybersecurity Framework
Before narrowing to the particular risk management framework to pursue, it is essential to understand the various categories of a Cybersecurity framework. Frank Kim, a top Cybersecurity expert, divides these frameworks into three categories, namely:
1. Control Frameworks
2. Program Frameworks
3. Risk Frameworks
Most of the widely adopted Cybersecurity is derived from these categories, and we at TLC Solutions have broken them down to help you understand them better.
1. Control Frameworks
• Develops a fundamental strategy for the Cybersecurity department of the company.
• Provides a standard set of security measures.
• Deployment of security safeguards is prioritized.
• Examines the current situation of infrastructure and technology.
2. Program Frameworks
• Evaluates the present state of the security program of the company.
• Creates a comprehensive Cybersecurity program.
• Analyzes the program’s security as well as its competitiveness.
• Enables and clarifies communication between your cyber security team and top management.
3. Risk Frameworks
• Outlines the required methods for risk assessment, evaluation, and management.
• Establishes a risk management security program.
• Defines, evaluates and quantifies the potential risks that the organization faces.
• Suitable security precautions and activities are prioritized.
Top Cybersecurity Frameworks
#1. NIST Cybersecurity Framework
The National Institute of Standards and Technology (NIST) is a set of voluntary standard security protocols that the private sector can employ in its Cybersecurity framework. The NIST is responsible for five functions: detecting, identifying, and responding to cyber-attacks. This also entails the rules for preventing and recovering from cyber-attacks.
#2. The International Standards Organization-ISO/IEC 27001 and 27002
ISO 27001 and ISO 27002 are arguably the internationally recognized standard for Cybersecurity. Also known as ISO 27K, the framework stipulates that an ISO 27001-accredited organization will have an Information Security Management System (ISMS). Management must systematically oversee the organization’s information security risks, considering threats and vulnerabilities, guided by ISO/IEC 27001.
The framework also mandates organizations to create and implement coherent and comprehensive information security (InfoSec) controls. These controls are designed to reduce the risks that have been identified. The framework then recommends that the company implement an ongoing risk management strategy. An organization must demonstrate to the auditor that it is following ISO’s “PDCA Cycle” to be certified as ISO 27001-compliant.
#3. Center for Internet Security Critical Security Controls (CIS).
Established in the late 2000s, this framework helps businesses protect themselves from cyber-attacks. It’s made up of 20 measures that are updated regularly by security experts from various industries. The CIS framework starts with the fundamentals, then continues on to structural, and finally to organizational.
CIS employs comparisons based on shared standards such as HIPAA or NIST to define security standards and provide alternative settings for firms who aren’t bound by statutory security rules but want to boost their Cybersecurity.
#4. The Health Insurance Portability and Accountability Act (HIPAA)
Abbreviated as HIPAA, the Health Insurance Portability and Accountability is a Cybersecurity framework that mandates healthcare institutions to set procedures for securing and regarding the confidentiality of electronic health information. In order to demonstrate compliance with HIPAA, organizations in the industry must carry out a risk assessment that controls and detect new risk, in addition to showing compliance with Cybersecurity best practices like personnel training.
Importance of Having a Cybersecurity Framework in Place
While adopting a Cybersecurity framework is a voluntary step, some businesses or entrepreneurs might choose to overlook it. This is perhaps one of the reasons some businesses, especially small enterprises have been great targets of cybercrimes.
Our team of IT Cybersecurity experts have highlighted several benefits of having such a Cybersecurity framework in place.
Consistency in Cybersecurity risk management
Having a Cybersecurity framework ensures that Cybersecurity requirements are interpreted consistently throughout the organization. Without a framework, your company’s stakeholders, each of whom is accountable for a distinct part of Cybersecurity, may perceive requirements differently, resulting in errors and gaps in implementation. It’s the only way to effectively manage this threat, considering the fast-paced nature of the tech space. Thanks to our practical framework, we at TLC solutions have consistently achieved sustainable cyber security risk management.
Offers a well-outlined road map
It can boost productivity by giving a clear framework for action. You can quickly outline where you are on your Cybersecurity roadmap and help identify a framework, allowing you to have concise, practical dialogues with stakeholders at your company. It makes your job easier if you understand where you are and where you need to be.
Provides compliance to universally acceptable and applicable Cybersecurity
The framework we develop at TLC solutions factors in universally acceptable and applicable strategies. This helps you manage your cyber security threats while adhering to any internationally laid down procedures. You also benefit from your own specific Cybersecurity frameworks without fear of contradiction.
Allows for growth and sustainability
One of the key benefits of developing a Cybersecurity framework is its versatility and adaptability. You can align your framework in accordance with your organizational overall strategic plan. This includes aligning it with your offline, local, or cloud backup, which helps enhance your cyber security.
A key element in the overall risk management framework
A Cybersecurity framework is essential in an organization’s key risk management decision-making levels. This cuts across from senior executives to business and process management and implementation and operations.
We hope that this blog from our team of IT experts has been a source of insight into Network Cybersecurity. For more information and resources about cyber security trends and updates, you can follow us on our Facebook, Instagram and Twitter platforms. You can also contact us, and our team will be more than willing to help you with the latest resolutions and tools about cyber security.