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Scribd Cybersecurity Risk Mitigation

The document outlines significant cybersecurity risks faced by a company, including outdated security protocols, lack of employee training, and a high breach risk. Proposed solutions include upgrading security standards, implementing multi-factor authentication, and providing cybersecurity training for staff. The expected impact of these measures is a 60% reduction in breach risk, faster incident response, and a safer environment for digital transformation, with a detailed implementation timeline and estimated cost breakdown provided.

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Rishabh
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6 views3 pages

Scribd Cybersecurity Risk Mitigation

The document outlines significant cybersecurity risks faced by a company, including outdated security protocols, lack of employee training, and a high breach risk. Proposed solutions include upgrading security standards, implementing multi-factor authentication, and providing cybersecurity training for staff. The expected impact of these measures is a 60% reduction in breach risk, faster incident response, and a safer environment for digital transformation, with a detailed implementation timeline and estimated cost breakdown provided.

Uploaded by

Rishabh
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

CYBER SECURITY RISKS

●​ Outdated security protocols (20+ year old ERP):​


Old systems don’t have updated security features, making them easy targets for
hackers.​

●​ No employee awareness/training:​
Staff aren’t trained to spot or handle online threats, increasing risk of human error.​

●​ High breach risk (2× industry average):​


The company is twice as likely to suffer cyberattacks compared to others in the industry.​

Proposed Solutions

●​ Upgrade to modern security standards:​


Follow best global practices (like NIST, ISO) to make systems more secure.​

●​ Implement MFA, firewalls, endpoint protection:​


Add layers of security to protect devices and prevent unauthorized access.​

●​ Introduce SIEM tools:​


Use smart tools that watch for threats and alert in real time.​

●​ Regular cloud backups + disaster recovery:​


Keep safe copies of important data and have a plan if something goes wrong.​

●​ Role-Based Access Control (RBAC):​


Only give access to people who need it, reducing misuse and errors.​

●​ Cybersecurity training for staff:​


Teach employees how to use systems safely and avoid common threats.​

.​

Expected Impact – Brief Explanation

●​ 60% reduction in breach risk:​


Stronger systems and training will cut the risk of hacking nearly in half.​
●​ Faster incident response:​
The company will be ready to act quickly if something goes wrong.​

●​ Safer environment for digital transformation:​


Employees can confidently use new digital tools in a more secure setup.​

Implementation Timeline

Quarter Key Milestone

Q1 Security Audit + Risk Analysis

Q2 Launch Training for All Staff

Q3 Tool Deployment (Firewall, SIEM, MFA, RBAC)

Q4 Cloud Backup Setup + Simulation Drill Execution


Estimated Cost Breakdown

Item Estimated Cost Description


(INR)

Security Audit & Risk Check ₹10 – ₹15 lakhs One-time checkup of current security
systems

Security Tools (Firewall, ₹30 – ₹50 lakhs Software to protect computers,


Antivirus, SIEM) servers, and data

Multi-Factor Authentication ₹6 – ₹10 lakhs Extra login step to stop unauthorized


(MFA) access

Cloud Backup & Disaster ₹15 – ₹25 Save backup copies online and
Recovery Setup lakhs/year recover in case of attack

Role-Based Access (RBAC) ₹8 – ₹12 lakhs Limit access to systems based on


Setup employee roles

Cybersecurity Training (All Staff) ₹20 – ₹30 lakhs Hands-on sessions + videos in simple
language

Mock Drills & Cyber Attack ₹5 – ₹8 lakhs Practice how to react during cyber
Simulations attacks

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