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Cybersecurity Questions All CEOs Must Ask

To be successful in a competitive market, you need to be able to make intelligent decisions that give your business the best chance of success. Making these kinds of determinations would be difficult to do if you didn’t have the right information on hand. However, when it comes to IT, too often do business leaders try to make choices based on gut instinct or false or incomplete information. If you really want to keep your company protected, then you need to know what your IT department or managed services provider (MSP) is doing so you can make the correct decision.

Cybersecurity Questions CEOs Should Be Asking

Your IT team or an MSP can help you achieve an IT environment that’s responsive, cost-effective, resilient, and secure. Although they may have the expertise to optimize your IT environment, it’s not necessarily their job to make decisions that affect the entire organization. Instead, they should be acting as advisors who allow you, the CEO, to make the best choice for the company. To get the information you need for your cybersecurity risk management strategy, you only have to ask a few certain cybersecurity questions.

If you’re unsure of what you should be asking about your managed cybersecurity solution, BL King has you covered. We’ve put together a list of cybersecurity questions non-technical leaders can ask to ensure they have a complete and accurate security picture to make the best decisions possible. Here are just a few questions you can ask your IT staff or MSP:

Are We Staying Up To Date on Our Inventory of Assets?

Over time, your company has probably amassed a rather large collection of physical and virtual assets. This includes things like devices, software licenses, policies, and more. All of these things make up your inventory. It’s important to ask questions about your inventory because it allows you to know the scope of what needs to be secured. At the same time, it also tells you how big your attack surface is and what your potential vulnerabilities are.

How Can We Train Our Employees in Cybersecurity Best Practices?

All it takes is one mistake from your staff for a threat to bypass multiple layers of security. Since this is the case, you should consider your workforce as your company’s first and last line of defense against cyberattacks. That’s why it’s necessary to know how well versed your staff is in the concepts of cybersecurity. In most cases, cybersecurity comprehension is low across an organization and requires cybersecurity training to fix the problem.

Cybersecurity training helps build awareness and teaches your team about vulnerabilities and threats to your business. It also presents an opportunity for them to learn the proper actions to take during an actual cyberattack. With this knowledge, they can be active participants in keeping your organization safe.

How Do You Determine Our IT Budget?

For certain parts of your business, like sales and human resources, it’s easy to see how costs are being managed. However, the water can be a little murkier when it comes to cybersecurity management. Before giving your IT department or MSP the funding they want, ask the team how they came up with the budget they presented, where that money is going, and how the solutions benefit the company. Not only does this paint a clearer picture of what you’re investing in, but it can also help you predict future cybersecurity budgets.

What Kind of Risks are Threatening Our Company?

There are many different types of cyber risks out there on the web, like ransomware and spyware. Common cyber risks include:

  • Ransomware
  • Malware
  • Phishing
  • DoS and DDoS
  • MiTM Attacks
  • DNS Tunneling
  • Cryptojacks

If you’re unfamiliar with some of these dangers, communicate with your MSP or IT department. Cybercrime is estimated to cost businesses 10.25 trillion by 2025, make sure that your business isn’t adding to this number.

In addition to learning about these dangers, you’re also going to want to find out how they work. If you know how cyberthreats work, then you and your team can figure out countermeasures to avoid and prevent these threats. You also have the information you need to craft a mitigation strategy if an attack is successful.

Are We Monitoring for Attacks?

Have you ever wondered what an attack on your company would look like? What type of an attack would be launched, what would the threat be after, and how long your systems would be affected? Finding the answers to these questions can be very enlightening as they reveal weaknesses within your environment. It’s rare that a CEO isn’t aware of their organization’s flaws.

What is your business doing to actively monitor for attacks? Cyber attackers are constantly probing for weaknesses in business that they can exploit. You need to have some kind of active monitoring system in place that tracks your network and looks for any discrepancies. The right MSP will have an active threat monitoring system that keeps your business secure 24/7.

Network monitoring has to extend to your workers homes too. A huge portion of companies now use remote or hybrid work models, which have unique security risks. Cyberattacks can occur on your remote workers that lead to your larger network being compromised—a good monitoring system will protect the security of remote and in-office workers.

By asking this cybersecurity question, you can gain insight into what your IT specialists think is a critical risk to your business. It can also tell you if they are equipped to make necessary decisions by themselves or if the decisions should be made with support from higher level leadership. Finally, you can understand how prepared you are to monitor for and detect cyberthreats for remote and in-office workers.

Would We Be Able To Quickly Recover From a Cyberattack?

No level of cybersecurity is perfect, so it’s important to consider the aftermath of a cyberattack if one were to happen. Since downtime can cost your business a lot of money, it’s necessary to have a plan that enables your business to continue or quickly resume activity after a cyberattack. That’s why two of the most important cybersecurity questions you can ask is if your team has a disaster recovery plan and how long it would take to recover.

Would We Be Able To Quickly Recover From a Cyberattack?

No level of cybersecurity is perfect, so it’s important to consider the aftermath of a cyberattack if one were to happen. Since downtime can cost your business a lot of money, it’s necessary to have a plan that enables your business to continue or quickly resume activity after a cyberattack. That’s why two of the most important cybersecurity questions you can ask is if your team has a disaster recovery plan and how long it would take to recover.

Get the Cybersecurity You Need

BL King is a premier cybersecurity and compliance solutions provider that takes pride in delivering superior IT services for a variety of industries. We offer a wide range of services to cover all of your IT needs. We also take the time to learn about your business goals to customize those services for your operations.

Contact us today to learn more.

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