In an increasingly complex and evolving digital landscape, safeguarding your organization's sensitive data and assets has never been more critical. How capable are you at preventing, detecting, and responding to today’s cyber threats?

With the explosion of cloud services, companies are more exposed to cybersecurity threats than ever before. In fact, the latest  IBM Data Breach Report revealed that the global average cost of a data breach reached $4.45 million – an all-time high for the report and a 15% increase over the last three years. Businesses of all sizes are at risk of falling victim to data breaches, ransomware attacks, and other cybercrimes that can lead to serious financial and reputational losses.  

It’s crucial for businesses to strengthen their security measures, but what’s the trick to navigating this complex digital environment? Effective cybersecurity maturity assessments (CSMA). Let’s dive into the importance of these assessments and take a look at Concord’s approach that’s designed to keep organizations secure in today’s landscape.

What are CSMAs?

CSMAs are a systematic framework designed to evaluate and improve an organization’s cybersecurity posture. The assessments identify the current state of security protocols and provide a roadmap for enhancements, including data management services and continuous control monitoring.

Adopting CSMAs offer numerous advantages for organizations:

• They identify vulnerabilities and gaps in existing security measures, providing insights into areas that need improvement and fortification.
• They pinpoint risks and enable businesses to mitigate potential harm and protect critical assets.
• They ensure alignment with data protection laws and industry regulations by assessing compliance measures.
• They help companies significantly reduce security breaches and associated costs.

Concord’s CSMA

Concord’s CSMA helps you optimize your security program and minimize the impact of cyber incidents. Combining cyber expertise and in-depth business understanding, our experts:  

• Evaluate maturity: Assess your organization's current maturity level and provide guidance on the optimal maturity level to strive for.
• Perform gap analysis: Identify gaps in your cybersecurity program across people, processes, technology, and scope.
• Compare ratings: Utilize industry insights to benchmark your maturity level against industry peers facing similar challenges and risks.
• Prioritize an action plan: Highlight areas for improvement in your security posture and prioritize actionable steps.

Our CSMA transcends traditional cyber assessments by examining not just technical preparedness but also ensuring the people, processes, and technologies securing your organization are appropriately scoped and calibrated to defend against sophisticated attackers. We use the following approach to help companies mature and strengthen their security initiatives:

1. We start with a review of relevant internal cybersecurity documentation and conduct interviews with key personnel to understand the practical workings of your existing cybersecurity program.
2. We perform an in-depth assessment of your architecture, risks, and strategic roadmap, providing a detailed view of your current cybersecurity capabilities and actionable strategic recommendations for improvement.
3. For a maturity assessment to be effective, the findings must be actionable. Our assessment outcomes include:
   • A detailed report showing your organization’s current and targeted maturity levels across five key capabilities, with comparisons to organizations with similar risk profiles. The report includes comprehensive observations and prioritized recommendations on how to achieve the targeted maturity levels.
   • An executive presentation summarizing the assessment scope, primary strengths, areas for improvement, and associated recommendations.

Next Steps

Are you interested in understanding how exposed your organization is from a cybersecurity perspective? Concord’s team of experts can help you identify your biggest risks and determine where to focus your efforts. By conducting a CSMA, we can answer these critical questions and pinpoint opportunities to enhance your security posture.