Prioritise your cybersecurity with Prism Secure

You have probably taken a number of steps to protect your business from a cybersecurity attack, but have you done enough?

When you consider the detrimental effects that a cyber attack can have on one’s business – operational disruption, reputational damage, financial loss – an effective cybersecurity strategy is arguably the most crucial element of any organisation.

A changing landscape

According to a recent PWC report, cybercrime in Ireland is now double the global average and there are record levels of fraud. This is precisely why companies need to perform regular risk assessments, implement an incident response plan and prioritise security at a board level.

One industry where resilience and proactivity are particularly important when it comes to cybersecurity is Asset Management.

In fact, the Central Bank of Ireland (CBI) issued all regulated companies a Thematic Inspection Letter which called out a six-pillar approach to ensure that firms are adequately protected with a cohesive plan that also supports their business strategy.

In accordance with these core areas – which include cybersecurity risk governance, cybersecurity risk management, IT asset inventories, vulnerability management, security event monitoring and security incident management – Typetec, Ireland’s leading IT and cybersecurity solutions provider, partnered with OpenSky and Stryve to develop a robust cybersecurity solution to help asset management firms.

A trusted solution

Designed to support organisations adhering to the best practices as defined by CBI, Prism Secure is a cybersecurity solution that identifies and rectifies any gaps in a firm’s existing IT security infrastructure.

As part of the service, Typetec provides a gap analysis report on the IT environment based on the six pillars and administers remedial actions or solutions to resolve these gaps.

Following this, OpenSky delivers an interactive security positioning dashboard that gives a real-time view of cyber activity and Stryve then ensures that any measures are effective via penetration testing.

Prism Secure can be rolled out independently from existing IT services and implemented within a four-week period, thus reducing disruption to operations and safeguarding critical systems within a short time frame.

A positive impact

By helping to secure the IT infrastructure of Asset Management firms, delivering real-time visibility of cyber activity and lowering cybersecurity risk, Prism Secure helps to maximise uptime for companies and increase staff productivity by making this area more streamlined and reliable.

Finbarr O’Riordan, sales director at Typetec, explains: “This solution is designed to deliver both reassurance and compliance to regulated entities within the asset management sector. These financial institutions are probably among the most targeted companies in terms of cybercrime, which means they have to be the most resilient.

“It is only through pinpointing areas of weakness and addressing these vulnerabilities with the best technologies that Irish businesses can help prevent the upheaval associated with a cybersecurity breach.

“In essence, Prism Secure places the power back in the hands of these organisations and gives them the means to protect their operations.”

If you are an asset management firm and want to refine your cybersecurity strategy, get in touch to arrange a free one-to-one consultation with Typetec today. You can reach its experienced team by calling 01 500 9001 or emailing sales@typetec.ie. Or visit www.typetec.ie