What cybersecurity signals about your business | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware


This audio is auto-generated. Please let us know if you have feedback.

The following is a guest post from Michael Paull, president and CFO at The Ahola Corporation. Opinions are the author’s own. 


I regularly receive detailed cybersecurity and operational resilience questions from clients and prospects. From conversations with peers, I know I’m not alone. In many cases, cybersecurity reviews have quietly become part of the sales process.

While those requests focus on cybersecurity, they are ultimately asking these questions: Can we trust you with our data? And if something goes wrong, how prepared are you to respond? 

The requests come in many forms: Do you have a system and organization controls audit? Can you provide proof of cyber liability insurance? What does your business continuity and disaster recovery plan entail?

There are many variations, but the theme is unmistakable. Companies of all sizes now evaluate operational trustworthiness as part of the buying decision.

When responding to a prospect’s RFP, there will very likely be a section on cybersecurity. Certain controls should now be considered table stakes, but depth and operational maturity increasingly differentiate vendors. Prospects are not simply evaluating whether controls exist. They are evaluating whether your company operates with discipline, accountability, and preparedness. Strong internal policies, frequent updates, and executive oversight, preferably from a chief compliance officer, all help reinforce that confidence.

An RFP will generally include a section on cyber insurance and the commonly requested certificate of insurance. It is important to make sure that your coverage is adequate. Adequate cyber liability coverage has become an expected part of vendor diligence. Coverage requirements vary by industry, client profile, data sensitivity and operational risk exposure. Your broker can help you benchmark your coverage levels. While insurance is in place to cover catastrophic events, you can argue that cyber incidents are not only catastrophic but existential. A building destroyed by fire can be rebuilt. A company that exposes client data may never recover from the reputation hit, regardless of the insurance proceeds. Trust is priceless and nonnegotiable. 

Current clients and their auditors will also be inquiring about system and organization controls audits. SOC audits have become standard diligence requests for critical vendors and service providers. These requests are now less about checking a compliance box and more about validating operational trustworthiness.

Another driver of these requests will be a client’s vendor risk management policies. Vendor risk management expectations continue to push cybersecurity scrutiny throughout entire vendor ecosystems.

A weak or unclear response can create doubt far beyond cybersecurity itself. These requests are proxies for how well-run your company appears to be. 

Cybersecurity reviews are moving downstream

In many cases, cybersecurity reviews have quietly become part of the sales process. In many organizations, cybersecurity reviews now occur well before pricing, implementation discussions, or contract negotiations. A slow, incomplete or disorganized response can create uncertainty long before product functionality or service quality are fully evaluated. Operational trust has become part of competitive positioning. I am now receiving these questions not directly from IT departments or compliance teams, but through sales channels. Prospects are asking earlier in the process and with greater specificity. In many situations, they are repeating questions driven by their own auditors, procurement teams, compliance requirements, or internal risk reviews.

Modern businesses often operate through interconnected ecosystems of software vendors, integrations, data providers, and outsourced services, increasing both operational efficiency and third-party dependency risk.

——————————————————-


Click Here For The Original Source.

National Cyber Security

FREE
VIEW