In today’s digital world, we all recognize the importance of security. However, identifying vulnerabilities and fixing them is often easier said than done. This is why many companies choose to perform a security assessment regularly—to get a clear, actionable understanding of their security posture and reduce risk.
But what exactly is a security self-assessment, and why should you care? Let’s break it down.
Simply put, a security assessment is a comprehensive evaluation of your current security practices. The goal is to pinpoint both your strengths and weaknesses so you can take the necessary steps to reduce your company’s risk. Many organizations complete security assessments for various reasons, including:
If you haven’t conducted a security assessment recently, now is the perfect time to ensure your business is adequately protected.
If you're unsure when your last security assessment took place, it’s time to take action. To help guide you through this process, we’ve put together a simple self-assessment guide that can help you evaluate your cybersecurity practices. This includes reviewing the practices of your ACH (Automated Clearing House) and RDC (Remote Deposit Capture) operations to ensure everything is secure.
Click here to receive your copy now and start your security self-assessment.
A thorough self-assessment can reveal unpatched software, risky user behaviors, insufficient employee security guidelines, and many other potential issues that leave your business exposed. By identifying these vulnerabilities early, you can take steps to remedy them before a breach occurs.
With a security assessment, you can measure how your company’s security compares to industry standards and best practices. This comparison helps you understand where your practices stand in relation to others and highlights areas for improvement.
An effective security posture can greatly improve confidence in your business. From investors to third-party partners, stakeholders will appreciate knowing that you’re taking the necessary steps to safeguard sensitive information. As trust increases, you may find more opportunities to grow and expand your business.
The tactics used by cybercriminals evolve constantly, and your security strategies should adapt accordingly. Regular security assessments are an opportunity to reassess your strengths and weaknesses in light of the latest trends in cybercrime. This allows you to identify any new vulnerabilities and address them proactively.
Research shows that employee errors are responsible for 88% of data breaches. A security assessment can help identify the specific areas where your team needs the most training. This enables you to offer more targeted, effective training that addresses your team’s biggest security weaknesses, instead of relying on generic training that may not be as impactful.
At Osgood Bank, we prioritize keeping your information and assets safe. If you identify any security risks during your self-assessment, we’d be happy to partner with you to help mitigate those risks and enhance your security measures. We understand the importance of proactive security, and we’re here to support you every step of the way.
To keep up with the latest trends in payments, ACH, and security best practices, be sure to visit NACHA's news page for updates. You can also subscribe to Osgood Bank’s "Good News" newsletter at osgoodbank.com for more insights on how to secure your business.