With advanced cybersecurity threats putting Australian businesses at risk, an investment firm specialising in professional financial services had a desire to implement the ACSC Essential 8 guidance among all their financial firms.
All eight controls would need to be implemented in a way to minimise impact to their productivity, and esnure consistent controls across a multitude of accounting and financial services practices.
Regular strategic meetings were held via our technology success program to map out the path from Maturity Level 0 to Maturuty Level 2. Regular assessment reports displayed the progress of the implementation to investors and board members.
Both the budget, impact and design of each new security control was discussed and understood before implementation.
For controls such as password managers and multi-factor authentication, these were implemented first as they could both increase the firm’s security and productivity.
Each financial firm has now met the ACSC Essential 8 Maturity Level 2 controls, significantly reducing their cyber risk.
This not only achieves the clients desire to protect their firms, but also meets the growing compliance demands from regulatory bodies and reduces their cybersecurity insurance costs.
The most significant outcome however, is the peace of mind that comes with knowing their business, brand and investment is as secure as it can be without breaking budget.