In cyber security, benchmarking is critical for organizations to set performance goals based on industry insights. However, benchmarking practices are not always in line with developments in threats, especially in Indonesia.
Do you still remember several viral cyber crime cases in Indonesia involving various parties, from private companies to the government? One of the newest and largest in Indonesia was the 1.5 Terabyte BSI data ransomware attack by the Lockbit group in 2023.
Today, one of the company’s priorities is protecting critical assets from digital threats. Enterprise leaders are increasingly aware of the increasing risks and inevitability of breaches despite strengthened cybersecurity defenses.
IT Security Score provides an objective, verifiable, and actionable score to meet modern cyber security challenges.
IT Benchmarking offers many benefits, such as:
- Identify specific problem areas to eliminate guesswork
- Validate “gut feeling” assumptions thereby increasing self-confidence
- Helps prioritize improvement opportunities effectively
- Shift the focus from “input” to “output” by emphasizing measurable end results
- Makes an excellent basic “report card” for assessing performance
- Facilitate increased performance expectations and set higher standards
- Foster competitiveness and a genuine drive for improvement
- Encourage working smarter, not just harder, by leveraging insights for strategic improvement.
Recommended framework for starting an enterprise cybersecurity benchmarking process:
Analyzing Security Rating Snapshots
Start by measuring your organization’s cybersecurity performance through Security Rating Snapshots. This snapshot provides a comprehensive picture of your security posture, allowing you to identify strengths and areas for improvement. Prioritize investments based on securing strategic business assets, as the impact of a security breach will be most severe.
Understand Security Rating Methodologies
Familiarize yourself with the methodology behind security rankings to utilize them effectively in decision making. Invest in flexible and dynamic programs that drive continuous innovation and proactive defense strategies, ensuring resilience to potential cyber threats.
Comparing Company IT Security with Competitors
Conduct a comparative analysis of your security performance against competitors, industry peers, or best-in-class companies. You can also benchmark internal business units or branch offices. Select a sample size of 5-10 external organizations for meaningful comparisons. This assessment provides valuable insight into your relative position in the industry and highlights areas that need improvement.
Actions that must be taken after understanding the benchmarks for IT security values
Evaluate the effectiveness of existing cyber security tools and strategies to determine their effectiveness. Divert resources to initiatives that address identified vulnerabilities and improve overall security posture.
Ensure that the Chief Information Security Officers (CISO) you appoint have a key role in strategic decision making, advocating for a top-down approach to cyber security to safeguard company value.
Today, cybersecurity benchmarking is essential, not just an option. By following these frameworks, companies can systematically assess their cyber security posture, compare their performance to industry standards, and develop actionable strategies to mitigate risks and increase resilience in the face of cyber threats.
There’s no reason not to prioritize your company’s cyber security. Contact Hypernet which is ready to help companies in Indonesia achieve optimal IT security values.
