Posted 2 March 2018 By Simon Tombs, Managing Partner
In Business Business Improvement Construction Contractors Corporate Finance Leisure and Tourism Manufacturing Professional Practices Rural and Landed Estates Solicitors
In just a few weeks’ time, we’ll be seeing the official start date of the new GDPR regulations and, for many businesses, this will be the culmination of many months of work on tracking the data we hold and reviewing the systems we have in place. For the vast majority, these systems link straight into our websites and customer management systems, and so your cyber security should also be at the forefront.
But have you taken a step back to review this? We regularly see news of cyber attacks on companies and it’s not just the big businesses and organisations that are at risk. A 2015 UK government survey found that 74% of SMEs had suffered a breach, and that on average these attacks cost between £75,000 and £311,000 – a staggering amount.
And these figures could rise as GDPR puts significant additional responsibilities on organisations in data privacy and managing cyber risks effectively, with maximum fines of up to 4% of global turnover for breaches and non-compliance.
That’s why we’ve teamed up with Crossword Cybersecurity to offer Rizikon – a cyber risk assessment tool. This simple tool enables you to understand your cyber risk profile and can help you make the right investment into your defences – and so protect your clients and customers too.
Using an online questionnaire-based cyber risk assessment, Rizikon delves into your organisation’s security by asking questions about different aspects such as your ICT system architecture, security policies and financial information. It assesses what threats your organisation might face and identifies any vulnerabilities that may exist.
You’ll then receive an easy-to-understand report, compiled using an intelligent modelling engine and Dynamic Attack Path Analysis algorithm, which uses up-to-date data from the security industry detailing any perceived weaknesses.
This puts you in the strongest position to know how and where to bolster your defences.
Rizikon can also be used to compile the self-assessment for the government’s Cyber Essentials scheme. You can display your Cyber Essentials stamp on your website to give your customers and clients that added peace of mind that their data is safe with you.
Your subscription allows you to repeat the report so you have an ongoing overview of your security and how changes may be affecting this.
Now is the time to make sure you are secure and compliant, as breaches could cost your business dearly.
To find out more about how Rizikon and MHA Monahans can protect your business, please contact me on
To find out more about how Rizikon and MHA Monahans can protect your business, please your usual MHA Monahans contact or send us an email.