Inevitably, this scenario has exposed firms to new cyber risks with cyber-attacks becoming more malicious over the past years, causing great harm to businesses.
Consequently, firms must ensure appropriate protection of their computer systems from the theft or damage to the hardware, software and the information therein, as well as from disruption or misdirection of the services they provide.
Firms must be aware and prepared to protect against some of the most common cyber-attacks that a business could face and the ways to avoid them. The most common would include Phishing, Password attacks, Identity thefts and Hacking of accounts.
While it is important that systems are filtered with appropriate IT security, effective governance should be complementary to ensure that this risk is being appropriately assessed and effectively escalated for senior management’s attention.
At AID Compliance we can offer our professional assistance to implement a new Cyber Risk Governance process. We will help you identify and understand the severity of the cyber threat landscape, the most damaging impact on your business and how a potential cyber-attack could affect the firm’s finances, business model and reputation.
For those instances where damage has already been sustained, our professional team would assist the firm to draw up a plan for the response and implementation for the recovery of lost, stolen or unavailable assets.
In order to strengthen and unify data protection for all individuals within the European Union, the General Data Protection Regulation (GDPR) is set to come into force in May 2018. The primary objectives of the GDPR are to give citizens and residents back control of their personal data and to simplify the regulatory environment for international business by unifying the regulation within the EU.
As a result, the GDPR requires all parties within an app ecosystem to protect consumer’s data, including app developers, advertisers, data processors, customer identity management platforms and data analytics companies.
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When someone asks, “What’s different about AID Compliance?”, the answer resides in our experienced professionals who are innovative and constantly involved in bringing fresh ideas. Ongoing training and education is one of the pillars of AID Compliance’s service to our clients. Our staff successfully implements effective compliance solutions tailored to each client’s needs.
Our one-stop-shop provides all the relevant services under one roof. Due to this structure, clients save time and effort and queries will be dealt with promptly. Any essential points can often be discussed in a more time-saving manner for the client as many material facts are already known to us through our ongoing advisory work.
Getting compliance right is important for all businesses. We know and understand the challenges you face.
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