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“High,” “Medium,” and “Low” are bad inputs if you want to make good decisions. Get the real dollar figures your cyber risks could cost you, plus a roadmap to bring the risk down.
I know we have cybersecurity risks, but…
Define all your cyber risks, and quantify how much each incident would cost you in dollars. Once you have a completed cyber risk assessment, you will have total clarity over your risk exposure.
Get a high-quality risk assessment that demonstrates your commitment to security. Our quantitative risk assessments will meet cybersecurity compliance audit requirements, and help support your ongoing improvement requirements through risk treatment roadmaps.
Use data from the quantitative risk assessment to speak the language of business: money! Executives and board members more easily understand “a 10% chance of a $1 million loss” than a “high” risk. Demonstrate ROI based on annualized expected loss values.
SOC 2 is a compliance framework that companies use to prove their cybersecurity program can be relied upon. Cybersecurity compliance is about building trust with customers and partners. It’s used to better understand and make third party cybersecurity risk management decisions.
The American Institute of Certified Public Accountants (AICPA) created and maintains SOC 2. They defined five Trust Services Criteria, best thought of “Areas of Focus” for a cybersecurity program: Security, Confidentiality, Availability, Processing Integrity, and Privacy. For more information about the Trust Services Criteria, read this guide.
We help our clients select the right Trust Services Criteria for their SOC 2 program based on their product, environment, and customer expectations.
The difference between a SOC 2 Type I and Type II is based on the time period of the audit evaluation. A Type I evaluates a point in time, while the Type II measures the cybersecurity program’s performance for a period of time, usually six months or one year.
Generally, Fractional CISO will lead clients to a Type I audit first, then a Type II. Read why here.
With Fractional CISO, you aren’t just hiring a consultant. You’re leveraging a highly accessible U.S.-based cybersecurity team consisting of an experienced Virtual CISO and a skilled cybersecurity analyst to run your SOC 2 program.
No two businesses are built the same. Would cookie cutter guidance be enough for you? We quantify the cyber risks facing businesses to ensure your SOC 2 program actually addresses your cybersecurity risk, and doesn’t just check a box.
Many Virtual CISO providers and SOC 2 consultants receive commissions or finders’ fees when they recommend certain tools to their customers. We only recommend tools if they’re right for your business and take no kickbacks, ever.
The cybersecurity compliance space has seen rapid growth of “compliance automation tools” such as Vanta, Drata, Secureframe, and Thoropass. These tools can help companies manage and run their SOC 2 compliance program. For some organizations, the tool is enough. But others may need help beyond the tool, here’s why:
You can use a hammer to drive a nail, but the hammer won’t teach you how to build a house. Compliance automation tools don’t teach you how to build and run a good governance, risk, and compliance (GRC) program.
Even if you know how to build a house, it’s going to take you a lot of time. Someone has to use the compliance automation software to actually build and run the GRC program. Sometimes, it’s nicer to just have someone else do the work! That’s where SOC 2 consultants like Fractional CISO come in.
Many companies treat SOC 2 and other cybersecurity compliance frameworks as a checkbox. We focus on securing your business. Compliance is a result.
Fractional CISO clients have seen over 46 rounds of series funding, 17 acquisitions, and $4+ billion in additional revenue. The cybersecurity programs we develop are proven to work for mature, high-growth companies.
Don’t just take our word for it, read our case study about how we helped WayPath Consulting become SOC 2 compliant:
CTO of WayPath Consulting
Fractional CISO has enabled us to showcase best-in-class security, putting us on-par with firms much larger in employee count. They allow me to re-invest time previously spent on day-to-day management into growing and improving our business.”
Have questions about SOC 2? You can ask Fractional CISO Founder Rob Black in this interactive video:
It usually takes 6 – 18 months to get a SOC 2. The specific time depends on the current state of your cybersecurity program and amount of resources you are willing to dedicate to the project.
SOC 2 compliance automation tools still require that an internal leader design, implement, and run a SOC 2-compliant cybersecurity program. Fractional CISO takes ownership of the program and implements it on your behalf.
Contact Our Team to Schedule a Consultation
Only 1/3 of cyber insurance policies actually pay out in incidents. Most companies have cyber insurance policies that insure too little, or too much, and have absurdly low caps and silly exclusions.
To learn more about cyber insurance and determine if you have the right coverage for you, join us for a free vCISO Office Hours session on Tuesday, April 18 at 1 p.m. eastern time. Bring your questions!
Getting ready for your first SOC 2? This eBook is full of actionable advice to help you prepare for and succeed in your first SOC 2 audit.
Learn:
