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March 2023

Why Asset Management is vital to the security of your organisation

Asset management is the practice of organizing, tracking, and maintaining all of the physical and digital assets owned by a business. These assets can include everything from hardware and software to intellectual property and data. Effective asset management is critical to the security of every business, as it helps to prevent theft, loss, and unauthorized access to sensitive information.
There are several reasons why asset management is so important for the security of every business:

1. Protects against theft and loss: By keeping track of all of their assets, businesses can reduce the risk of theft and loss. This is especially important for high-value assets such as computers, servers, and other expensive equipment. By implementing proper asset management procedures, businesses can ensure that these assets are properly secured and accounted for at all times.

2. Ensures compliance with regulations: Many businesses are subject to regulatory requirements related to asset management. For example, financial institutions must comply with regulations related to the protection of customer data. By implementing effective asset management procedures, businesses can ensure that they are in compliance with these regulations and avoid costly penalties.

3. Facilitates disaster recovery: In the event of a disaster such as a fire, flood, or cyberattack, businesses need to be able to quickly and accurately assess their losses. Effective asset management can help with this by providing a comprehensive inventory of all of the assets that were affected by the disaster. This information can then be used to expedite the recovery process and minimize downtime.

4. Improves overall security: Effective asset management is an important component of an overall security strategy. By keeping track of all of their assets, businesses can identify potential vulnerabilities and take steps to address them before they are exploited by attackers. This includes things like updating software and firmware, implementing access controls, and monitoring network traffic for signs of malicious activity.

Overall, asset management is a critical component of any business’s security strategy. By keeping track of all of their assets, businesses can protect against theft and loss, ensure compliance with regulations, facilitate disaster recovery, and improve overall security. To implement effective asset management procedures, businesses should develop a comprehensive inventory of all of their assets, implement tracking and monitoring tools, and establish policies and procedures for asset management and security.

Better Protection with Managed Vulnerability as a Service

Managed Vulnerability Assessment is a type of service that helps organisations identify and address security vulnerabilities in their systems and applications. Here are some ways you can increase your protection with a Managed Vulnerability Assessment:

Regular vulnerability assessments: Managed Vulnerability Assessment providers typically offer regular vulnerability assessments to help you identify any security gaps in your systems and applications. By regularly performing these assessments, you can stay on top of any vulnerabilities and take proactive steps to address them before they can be exploited by attackers.

Comprehensive scanning: Managed Vulnerability Assessment providers typically use a range of scanning tools to assess your systems and applications. These tools can scan for a variety of vulnerabilities, including software vulnerabilities, misconfigurations, and weaknesses in network security. By using a comprehensive range of scanning tools, Managed Vulnerability Assessment providers can ensure that all potential vulnerabilities are identified.

Customised remediation recommendations: Once vulnerabilities are identified, Managed Vulnerability Assessment providers typically provide customised remediation recommendations to help you address them. These recommendations can range from simple configuration changes to more complex software updates or patches. By providing customised recommendations, Managed Vulnerability Assessment providers can help you address vulnerabilities in the most effective and efficient way possible.

Ongoing monitoring: Managed Vulnerability Assessment providers can provide ongoing monitoring to ensure that any vulnerabilities that are addressed do not reappear. By continually monitoring your systems and applications, Managed Vulnerability Assessment providers can help you maintain a strong security posture and reduce your risk of a successful attack.

Expert guidance: Managed Vulnerability Assessment providers typically employ security experts who can provide guidance and support as you work to address vulnerabilities. These experts can provide insights into the latest security threats and help you prioritise your efforts to address vulnerabilities in the most effective way possible.

In summary, by using a Managed Vulnerability Assessment Service, you can take a proactive approach to identifying and addressing security vulnerabilities in your systems and applications. By regularly assessing vulnerabilities, using comprehensive scanning tools, providing customised remediation recommendations, offering ongoing monitoring, and providing expert guidance, Managed Vulnerability Assessment providers can help you increase your protection and reduce your risk of a successful attack.

Click here to discuss a Managed Vulnerability Assessment in more detail.