Cyber Risk Assessment
With greater adoption of digital technology, there is also an increase in the number and severity in cyber threats like virus and ransomware. This high loss potential from cyber related risk means that companies need to enhance or realign controls after making an impact analysis. Cyber security refers to assessing the threats and risks across people, process and technology and implementing controls to protect information assets such as computers, networks, servers, mobile devices, applications and data from cyber attacks origination from various sources.
Information Systems (IS) Audit includes a review of IT or cyber risks and controls following the international guidelines of COBIT (Control Objectives for Information and Related Technology) and ISO (International Organization for Standards) and the audit guidelines of accounting bodies such as ICAI (Institute of Chartered Accountants). IS audit is an important tool to ensure that an SME is operating securely in today’s digital world.
Business Continuity Planning (BCP)
BCP is the plan that ensure that an organization can recover, in the short term as well as longer time horizon, from potential threats and disasters impacting systems and operations in the even of a known or unknown risk like fire, flood or COVID-19. The CFO has a key responsibility to ensure the BCP exists and is adequately tested.
MYiCFO has expertise in Cyber Security and Business Risk Management with professionals who are qualified as Chartered Accountants with added specialization in cyber security and with IT and ERP implementation experience. Our focus is cyber security for information systems using SAP ERP software solutions.