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Cybersecurity Due Dilligence
As cyber-attacks rise drastically–with 92% of data breaches early last year consisting of cyber attacks–businesses are not as foundationally safe as they used to be. Mergers and acquisitions can be dangerous and costly if you don’t do your due diligence and fail to keep up with proper safety measures, including cybersecurity penetration testing and cybersecurity risk assessments. These cybersecurity assessments can help further secure your business from potential threats.
At ThrottleNet, we are here to help carry out cybersecurity due diligence to avoid any form of mishaps within your organization.
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What is Cybersecurity Due Diligence?
Cybersecurity due diligence is the process of ensuring that a business is secure and compliant before being acquired by another organization. It requires assessing the security infrastructure, evaluating the existing cyber risk management practices, performing background checks on key personnel, and conducting data privacy and cybersecurity assessments.
When provided by an expert like ThrottleNet, this valuable service helps to ensure that any potential risks are identified and dealt with.
How Does it Work?
ThrottleNet’s team of expert security engineers and data privacy specialists are here to aid you in the due diligence process. Let’s take a look at the steps we take to secure your business.
Phase 1: Cybersecurity Risk Assessment
First, we assess the security infrastructure of the company you are looking to acquire. This cybersecurity assessment includes examining existing systems and determining any patches or updates that need to be installed in order to maintain a secure environment.
We also evaluate the existing cyber-risk management practices, performing background checks on key personnel, and conducting data privacy assessments. This helps to identify any potential risks and get them addressed quickly.
Phase 2: Cybersecurity Penetration Testing
Once the assessment is complete, we conduct a series of tests on the acquired company’s systems and networks. This includes cybersecurity penetration testing, vulnerability scanning, security auditing, and more. All of these tests are designed to ensure that the acquired company is compliant with the necessary security protocols.
Testing is often the most critical part of the cyber due diligence process, as it helps identify any weaknesses or vulnerabilities in the system.
Phase 3: Remediation Services
Finally, we provide remediation services to address any issues that are identified during testing. This may include installing patches and updates to existing systems, implementing additional security measures, and providing training to employees on best practices for cybersecurity.
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What happens without cybersecurity due diligence?
Without conducting proper cyber due diligence before merging with a company, you risk inheriting all of its security flaws and vulnerabilities. These flaws can lead to cyber attacks such as data breaches, resulting in costly legal fees and reputational damage.
On top of that, failing to perform a cybersecurity risk assessment can leave your business exposed when it comes to regulations such as PCI DSS and HIPAA. Businesses risk cyber attacks if they skip essential services like cybersecurity penetration testing. Cyber due diligence is no joke. Don’t fall behind.
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Don't wait for your next IT crisis. Contact us today for a free on-site consultation & security report to evaluate your business’s IT security needs.
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