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The News God > Blog > Business & Finance > Why Your Business Needs an IT Security Audit
Business & Finance

Why Your Business Needs an IT Security Audit

Rose Tillerson Bankson
Last updated: March 28, 2023 4:48 am
Rose Tillerson Bankson - Editor
August 1, 2022
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Why Your Business Needs an IT Security Audit
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Over the years, the online business landscape has evolved due to rapid advances in computer technology and the introduction of cloud-based resources that have provided organizations with a viable IT environment to help them manage online operations efficiently. As companies expand their online infrastructure, they also open themselves up to various cyber threats that can negatively impact their bottom line. Cybercrime and new hacking techniques have steadily increased over the last decade, which is why IT security audits are important.

Contents
What is a Security Audit?What Is an IT Security Audit?Types of IT Security AuditsInternal auditExternal auditWhy is an IT security audit important?What Does an IT Security Audit Cover?Network vulnerabilitiesCybersecurity controlsData encryptionConclusion

With the rise in the number of organizations that have invested in e-commerce websites, it’s crucial for these companies to ensure that their online operations are secure and compliant with current regulations and best practices. This is where IT Support Kentucky comes into play.

What is a Security Audit?

A security audit can be used to assess how secure an organization’s online infrastructure is. It will also help companies identify and address potential risks before they can become a reality.

A security audit assesses an organization’s data security by looking for physical, technical, and administrative vulnerabilities.

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What Is an IT Security Audit?

With cyberattacks continuing to increase and criminals finding new methods for breaching networks, security audits are an important part of keeping company, client, and user data safe.

An IT security audit can help mitigate risks and maintain the confidence of your customers and partners.

An IT security audit is a thorough evaluation of the cybersecurity measures of your organization. Performing IT security audits will help you identify and assess vulnerabilities in your networks, associated devices, and applications. It involves scanning for security vulnerabilities and performing penetration tests to determine how well your IT infrastructure can defend against various cyberattacks. The results of these tests will help you customize security policies and achieve compliance.

Penetration tests can help you assess your organization’s cybersecurity defenses. By testing different aspects of your network, you can determine where your organization is vulnerable to attack. This information can help you create tailored security policies, which will help protect your organization from cyberattacks.

Types of IT Security Audits

There are two forms of IT security audits, namely:

Internal audit

In an internal IT security audit, a company uses its own resources and auditors to conduct the assessment. The organization performs an internal audit to ensure that its systems and cybersecurity policies meet the requirements for compliance with its own policies and procedures.
An internal audit is an important part of any organization’s IT security program. But it’s not necessarily as easy as just hiring an external auditor to do the work. You need to know what you want your internal audit to accomplish, and how best to go about conducting the audit.  Because Internal audits are meant to help companies determine whether their policies and procedures are being followed. They can be used to check whether the policies and procedures are working in practice.

External audit

An external audit is carried out by a third party. It is required when a company must verify that it complies with industry standards and government regulations.
It also helps the company improve its practices and procedures. External audits are conducted by firms specializing in this type of work, and they often use auditors who have experience working with other companies in the same industry. This kind of audit is usually more thorough than internal audits and can be more comprehensive.  The company itself carries out an internal audit. It’s usually performed regularly to help ensure that all aspects of the business are operating effectively.

Why is an IT security audit important?

An IT security audit provides a roadmap for your company’s key cybersecurity vulnerabilities. It shows where your organization is meeting important security criteria and where it doesn’t. The requirements may include Confidentiality Integrity Availability; Authentication Access control Privacy Security Compliance These criteria are important because they help organizations protect sensitive data. IT security audits are essential for creating risk assessment plans and prevention strategies for businesses dealing with sensitive and confidential personal data.

What Does an IT Security Audit Cover?

During an IT security audit, every system an organization uses will be checked for weaknesses in the following areas:

Network vulnerabilities

Auditors identify vulnerabilities in any network component cybercriminals could use to access sensitive information or cause damage to your systems. This includes unsecured access points, instant messages, emails, and network traffic. Putting a risk management platform in place can help minimize vulnerabilities.

Cybersecurity controls

This part of the audit will look at the organization’s effective security controls. It includes assessing how well the company has implemented existing policies and procedures to protect its information and infrastructure. For example, an auditor will evaluate an organization’s security policy on data breaches to determine if the proper measures are in place and if everyone strictly follows those measures.

It will examine the company’s ability to respond to a security incident. This means looking at the effectiveness of the company’s disaster recovery plan to ensure that the company has the capabilities needed to recover from a security breach or other major incident. The audit’s final part will focus on the company’s overall risk management practices. This means evaluating the company’s ability to identify and mitigate threats to its information and systems.

Data encryption

This will verify that your company has controls in place to manage the data encryption process effectively. This is to ensure that digital data is kept confidential and protected while being stored on-site, in the cloud, on portable devices, and while it is in transit.

Conclusion

The right external security auditing partner can strengthen your business giving, and guide your purchasers in preventing the operational, technical, and reputational impacts of an information breach.

There are numerous points that a security auditor can do for your business, starting with a complete security audit to discover weaknesses in your current safety technique. In the event you’re thinking about making improvements to your current security system, the primary step is to hire a security audit company. A security audit is often a thorough evaluation of a corporation’s present safety technique. It will take place as soon as a year and it covers numerous areas of a corporation’s enterprise.

Post courtesy: Systems Solutions, IT Support Provider in Clarksville & Evansville.

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