Your risk perspective and strategy can impact the balance between eluding failure and seizing competitive opportunities.
The digital revolution has significantly transformed business operations and brought new information security risks and organizational challenges. Companies must navigate ever-changing regulations, defend against sophisticated cyber threats, and meet stakeholder demands for transparency and performance. The growing reliance on third-party vendors add further complexity and potential vulnerabilities.
At Proton, we provide holistic solutions that go beyond mere compliance and generic frameworks. We empower businesses to enhance their security strategies with a focus on Return on Investment (ROI) from cyber security initiatives. Our approach involves building strong foundations, identifying and prioritizing risks, ensuring conformance with industry standards, and aligning security measures with business goals.
Proton assists clients by taking a holistic approach, assessing risk from critical areas, including compliance, operations, privacy, legal and marketing when developing new, reviewing existing or retiring current products.
Multiple regulations and security standards burden the cost of compliance for organizations. Our security control implementation and operation service caters to BCMS, ISMS, PCI DSS, HIPAA, and Data Privacy domains.
The risk landscape is expanding providing both challenges and opportunities for organisations. Internal Audit has emerged as a critical lever for change giving boards the confidence to deal with the demands of a dynamic marketplace.
Understand your risk appetite and determine risk priorities. Use quantitative analysis to evaluate top cybersecurity risks, which can help executives make dollars-and-cents decisions enabling them for meaningful decision-making.
Achieving compliance is easier when you know - what, when, and how - to achieve it. We can assist you in achieving first-attempt compliance to security standards (ISMS, BCMS, PCI DSS, SOC2) and regulations (GDPR, Safe Harbor, etc.).
IT risk assessment helps you to evaluate potential IT-related risks, and aligning cybersecurity decisions with business goals. These assessments involve analyzing IT assets, threats, potential damage, and developing mitigation plans.
The cost of non-compliance can be substantial and extends far beyond initial fines. It encompasses financial losses, business disruptions, reputational damage, and potential legal repercussions. In some cases, the cost of non-compliance can be up to three times more than the cost of maintaining compliance.
Regulatory bodies impose substantial fines for violations, which can vary significantly based on the severity and type of infraction. Additionally, lawsuits arising from non-compliance can lead to significant expenses.
Non-compliance can result in higher insurance costs due to increased risk assessment.
Organizations may incur substantial expenses to repair systems, investigate vulnerabilities, and implement stronger security measures after a breach or violation.
Regulatory violations can negatively impact revenue through fines, lost deals, and decreased customer trust.
Security incidents, often stemming from non-compliance, can cause significant disruptions to operations, especially in critical industries.
Downtime and recovery efforts can lead to decreased productivity and efficiency.
Non-compliance can result in higher insurance costs due to increased risk assessment.
Security non-compliances can impact the ongoing and in-discussion deals for business, while your customers may want to refrain from doing business with any organization which may have a cascading effect on them.
Non-compliance can significantly damage an organization's reputation and erode customer trust, leading to long-term financial repercussions.
Existing customers may be hesitant to continue with businesses which are non-compliant, as that may impact their reputation as well.
Non-compliance can negatively impact an organization's ability to attract and retain top talent.