In recent years, the escalation of cyber security threats and data breaches has been impossible to ignore. Businesses, particularly those seeking to secure tenders or insurance, are under intense pressure to prove their IT security is up to par. Meeting specific IT security standards is often required, but there is a critical risk in how many companies approach these requirements with a ‘box ticking’ perspective.

What is ‘box ticking’?

‘Box ticking’ refers to the tendency to complete only the bare minimum actions required for IT security compliance, without addressing the real need for security. This approach is comparable to locking a door but leaving the key conveniently under the doormat – effectively giving false security.

(Side note – this is something my brother did when we were kids, but he also stuck a note on the door facing the busy street where we lived that read, ‘Mam, Dad, key is under the mat’. 🫣)

Simply meeting the standards can create a false sense of security, leaving serious vulnerabilities unaddressed.

The risks of box ticking

• False sense of security: Companies focused on box ticking may believe they are secure, simply because they are meeting the required standards. Yet, these standards are often basic and don’t protect against advanced cyber threats. This can lead to significant breaches, damaging both reputation and finances.
• Inadequate risk management: A compliance-driven approach often overlooks unique vulnerabilities specific to each business. Generic, one-size-fits-all security measures don’t account for individual operational risks, leading to gaps in risk management.
• Regulatory and legal consequences: While compliance can shield a company from regulatory penalties, failing to properly secure data can result in a severe fallout. Violations of data privacy regulations, such as GDPR, can incur hefty fines and erode customer trust.
• Insurance challenges: Although many companies believe cyber insurance offers protection, insurers are increasingly discerning about whether genuine security measures are in place. If a breach occurs, insurers may deny claims if they find security practices were superficial or insufficient.

The need for a genuine cyber security strategy

A robust cyber security strategy goes beyond basic IT security compliance.

Assessing the threat landscape

Conduct risk assessments to understand specific threats and vulnerabilities. This allows you to implement targeted security measures that address real risks.

Implementing best practices

Go beyond minimal IT security standards by implementing best practices, such as continuous monitoring, regular updates, employee training, and a well-defined incident response plan.

Engaging all stakeholders

Effective IT security requires involvement at all levels of an organisation. From the C-suite to frontline employees, everyone should understand and support the company’s cyber security strategy.

Invest in IT security

IT security is simply not a cost, it should be considered as an investment. Allocate resources to develop robust systems and stay current with the latest technological advancements.

Keep on top of audits

Regular security audits can identify weaknesses before they can be exploited, ensuring that all security measures are effective and up to date.

Conclusion

In a world of evolving cyber security threats, companies must look beyond the culture of ‘box ticking’, and look to implement a comprehensive cyber security strategy. Meeting IT security standards is a necessary first step, but genuine protection requires going the extra mile – safeguarding data, employees and customers alike. By committing to a full-spectrum approach to cyber security, businesses not only strengthen their defences, but also build trust and resilience in today’s digital world.

If developing this kind of strategy seems daunting, Intrasource are here to help. Partnering with us will help you be better equipped against these threats; we can help you be proactive rather than reactive. We’ll guide you to make the most of your budget and achieve cyber security compliance that goes beyond minimal standards.

Contact us today and let Intrasource handle your IT security challenges so you can stay focused on what you do best.