Executive Cybersecurity Consulting / Virtual CISO (vCISO)
Security Executives Available 24x7
A survey conducted by Huntress in 2023 reported that:
61% of small and medium sized businesses (SMBs) stated that they did not have staff dedicated to cybersecurity
34% of respondents didn’t believe they had the technical capabilities (e.g., threat monitoring, endpoint detection and response, vulnerability scanning, etc.) necessary to detect advanced cybersecurity threats
43% of cyberattacks will target smaller organizations in 2025 (this statistic was provided by Accenture’s Cybercrime report)
Small and medium sized businesses handle large volumes of sensitive data, including financial data, personally identifiable information (PII), and personal health information (PHI), but don’t possess access to the cybersecurity resources available to larger organizations. When this data is compromised and falls into the hands of cybercriminals, the result is identify theft, economic loss, privacy breaches, regulatory non-compliance, and certain reputational harm.
Financial losses associated with a cyberattack are devastating and are often felt immediately due to the cost of recovery, lost revenue, and legal liabilities. The brand and reputation of your business also suffers severely, to the extent that two-thirds of small and medium businesses that undergo a cyberattack are no longer in business six months after the attack.
Partnering With Cybersecurity Experts to Protect the Business You’ve Built
Through our executive-level offerings, Malcom Risk Advisors can help shape your organization’s cybersecurity strategy either through our cybersecurity consulting offering or by providing you with dedicated access to one of our security experts to serve as your virtual CISO (vCISO). Either option provides you with access to executive-level cybersecurity resources, while avoiding the costs associated with hiring and retaining a full-time cybersecurity leader. Our vCISO offering provides you with a pre-determined monthly allotment of hours that can be utilized to address the cybersecurity challenges currently facing your business. Services that your vCISO can perform include:
Developing formal cybersecurity policies and procedures for your organization
Performing cybersecurity risk assessments to identify weaknesses within your technical environment that can be exploited by a cybercriminal
Identifying sensitive data and personally identifiable information within your network and ensure adequate safeguards are in place to secure access to and transfer of this data
Providing cybersecurity awareness training to your employees
Performing regulatory readiness assessments to determine your organization’s ability to comply with applicable privacy and security regulations including PCI, GDPR, HIPAA, and FERPA
Reporting on the activities performed to improve your organization’s security posture to the board or other executive stakeholders
Leading the response to a potential cybersecurity incident
Additional information on each of these activities can be found under the relevant tabs under ‘Services’ at the top of this website.
While it’s the data breaches suffered by large corporations that make the headlines, the frequency with which cybercriminals are targeting small and medium sized businesses largely goes ignored. Partnering with Malcom Risk Advisors will provide you with the executive support your business requires to survive a potential cyber attack.