Do you know your cyber compliance status?

How do you ensure that your company is compliant with all regulatory, legal and industry standards in cyber security?How do you also ensure that your company is addressing cyber security holistically and not just fulfilling compliance requirements on paper?If you need support with this, you've come to the right place.

Our BDO cyber compliance consulting services aim to minimise the risk of data breaches, financial losses and legal consequences, while strengthening customer and stakeholder confidence in your organisation's security.

We can support you with readiness assessments and gap analyses regarding compliance with regulations (such as DORA, NIS2, IT Sig2.0), applicable certification standards in information security (ISO 27001, BSI IT-Grundschutz). In addition, we ensure that your company not only complies with the relevant requirements, but also effectively strengthens its own cyber resilience at the same time.

What is cyber compliance?

Cyber compliance refers to adherence to standards, laws and regulations designed to protect information and information systems from cyber threats.In today's digital world, where cyber-attacks are increasingly common, it is crucial to comply with cyber security standards to ensure the security and stability of IT systems.At BDO Cyber Security, we ensure that your organisation complies with applicable information security laws, regulations and industry standards, focusing on holistic cyber resilience. This includes:

• Cyber Compliance Assessments: We conduct in-depth assessments of your organisation's current compliance with relevant laws, industry-specific regulations, and other compliance requirements.
• Creation of action plans to achieve cyber compliance or certification readiness: We assist you in creating a comprehensive action plan and prioritising it together with you on a risk-based basis, ensuring visibility of all steps towards achieving cyber compliance.
• Support with the implementation of measures: We also support you with our comprehensive and in-depth technical expertise in the implementation of the defined measures.
• (Re-)design & implementation of processes: We advise you on the (re)design of your IT and business processes in order to implement control requirements effectively and efficiently.
• We support you in setting up an overarching control set to protect your data and information
• Advice on industry-specific regulations: We advise you on specific compliance requirements in various industries such as healthcare, financial services, e-commerce, etc. to ensure that your organisation complies with all relevant regulations.

Benefits of cyber compliance

Cyber compliance can be advantageous for your organisation in a number of ways:

Overall, cyber compliance offers a wide range of benefits, including protecting sensitive data, managing risk, strengthening customer and partner trust, and improving reputation and competitiveness. Furthermore, adherence to a recognised security standard is fundamental to ensuring robust cyber resilience.

Our methodology for cyber compliance

Examining cyber compliance is typically achieved through a thorough analysis of policies, procedures and technical security measures against relevant industry-specific standards, laws and regulations. The following are some of the steps we at BDO Cyber typically take when investigating your cyber compliance:

• Identify relevant standards and regulations: The first step is to identify the relevant industry-specific standards, laws and regulations that apply to your organisation.
• Review of policies and procedures: The investigation involves reviewing the organisation's security policies, procedures and processes to ensure they align with relevant cyber compliance requirements.
• Technical security assessment: Your organisation's technical security infrastructure is reviewed to ensure that it meets compliance requirements. This may include reviewing firewall configurations, encryption techniques, security patches and software upgrades, authentication mechanisms, etc.
• Documentation and tracking: It is essential that your organisation documents and tracks all compliance-related policies, procedures and activities. This may include recording security audits, incident response measures, employee training and other compliance-related activities.
• Training and awareness: Employees play a critical role in maintaining cyber compliance. Therefore, it is important to ensure that your employees are aware of the relevant security policies and procedures and are appropriately trained to perform security-related tasks.
• Regular review and update: Cyber compliance is not a one-off process but requires regular review and updating to ensure your organisation keeps pace with changing compliance requirements and threat landscapes.

Our guidance in conducting a thorough cyber compliance investigation will help your organisation ensure that it adheres to the relevant standards and regulations, and effectively ensures the security of its systems and data. These standards include:

• ISO 27001: This is an internationally recognised standard for information security management. Organisations can obtain ISO 27001 certification to demonstrate their ability to secure information.
• NIS Directive (Network and Information Security Directive): This EU directive sets out security requirements for operators of essential services and digital service providers to strengthen cyber security in the EU.
• BSI Grundschutz (Bundesamt für Sicherheit in der Informationstechnik): This is a German standard that defines methods, processes and measures for the protection of IT systems.
• Cybersecurity Framework of the NIST (National Institute of Standards and Technology): This is a US government framework that provides best practices for improving the cybersecurity of organisations.
• Digital Operational Resilience Act (DORA): An EU regulation that strengthens the IT security of financial companies such as banks, insurance companies and investment firms and ensures that the financial sector in Europe remains resilient.
• BAIT (Bankaufsichtlichen Anforderungen an die IT): This is a set of regulations issued by the Federal Financial Supervisory Authority (BaFin) in Germany, which contains specifications for the management of IT resources, IT risk management and IT security management.
• TISAX (Trusted Information Security Assessment Exchange): An assessment and exchange mechanism for information security in the automotive industry, with a particular focus on the processing of information from business partners.
• B3S (Industry Specific Security Standards): A testing and exchange mechanism for information security in various industries (e.g. energy, transportation and traffic, food, etc.).

Please note that the above standards are not exhaustive and may vary depending on industry, location and type of organisation. Should you require any further information regarding these standards and regulations, please do not hesitate to contact us.

Why BDO Cyber Security?

Our expertise in cyber compliance means that your organisation will be able to meet the constantly growing requirements for data protection and information security.

• We boast a wealth of experience in the assessment and implementation of the aforementioned standards, frameworks and regulations
• We don't merely focus on compliance; we always consider the overall cyber security of your organisation
• We adopt a risk-based approach, but always with the cyber security of your organisation as a priority
• Our highly dedicated team is committed to ensuring your confidence in your cyber resilience

Our motivated and experienced team is ready to discuss your individual requirements and develop customised solutions that are tailored to the exact needs of your organisation.