The five pillars to surviving cybersecurity

Joint Standard 1 of 2023: Information Technology Governance and Risk Management and the draft Joint Standard: Cybersecurity and Cyber Resilience Requirements, published by the FSCA and the Prudential Authority, set the bar for cybersecurity practices, aiming to protect data, systems, and reputation. These standards align closely with the NIST cybersecurity framework, which includes five key functions: Identify, Protect, Detect, Respond, and Recover.

DataGr8, a top cyber and data security company, offers tailored solutions to help financial institutions meet these standards. However, their security-driven approach isn’t just about meeting compliance requirements – it’s about delivering tangible business value to their customers.

DataGr8’s list of the minimum requirements for cybersecurity controls focus on five key pillars:

Cybersecurity awareness: Understanding the basics of cybersecurity to protect yourself and your organisation.

Email security: Ensuring emails are secure and understanding the main principles behind email security.

Importance of backups: Emphasising the significance of backups, especially cloud backups, to safeguard your data.

Endpoint protection, detection, and response: Protecting endpoints (devices) from cyber threats, detecting any suspicious activity, and responding effectively to mitigate risks.

Vulnerability management: Gaining insight into your technology status from a hacker’s perspective through effective vulnerability management.