How vulnerable is your company to criminal intent?

February 2013 Security Services & Risk Management

Just when you thought it was safe to open the curtains, someone whispers: “Have you done your vulnerability assessment?”

It is an unnerving moment, like being told there is an awful epidemic going around striking fear at the very mention of its unintelligible name.

Your first thoughts are: am I vulnerable and do I need assessing? And if I do, what is the next step?

The first step is to understand what it is and why it is there.

A vulnerability assessment is an analysis of your company’s security weaknesses and the opportunities they offer your competition or the criminal element targeting your assets. Such vulnerabilities can be assessed by a security survey, that systematically takes the operation apart and finds the leaks and other structural weaknesses or signs of hostile intent, such as attempts to intrude actually or virtually to collect information about your organisation or to steal from it. Once you have identified the problem, you have a better chance of dealing with it. Is it that easy?

Sometimes, but not often and you will solve it most frequently in a painstaking and time consuming way. The goal of a vulnerability assessment is to identify and block opportunities for attacks against assets, thwart malicious intent, reduce risk and breathe easier.

But snags abound and in critical and substantive vulnerability assessments, one size never fits all because no two companies are ever exactly the same. So security surveys must be developed that take in to account each firm’s unique operating and security features.

A master plan

A periodic vulnerability assessment should be a primary element in your security master plan, which should itself include a combination of policy and procedure, personnel and physical security. A master plan keylines the security requirements, how they relate to each other, and how they are implemented to achieve the desired security effect. The master plan also defines the intended results and identifies the ultimate goal the security programme sets out to achieve. Security master plans will reflect the organisation’s environment and give substance to its short and long term strategies.

Scroll down the relevant sections of the Internet and you will find dozens of tool kits that “let you do your own vulnerability assessment or security survey”. As tools go, most are competent and offer value for the money you will spend. But for such intricate operations, the tools are only as good as the hands that use them are experienced.

Your company is unique, for a number of reasons: because of what it does, the way it does it, the people who were there, the sector or sub-sectors it specialises in, the skills cross-section of its workforce, recruitment methods and selection – the list is long and complicated. Each aspect impacts upon another, and it is in this complexity – which will be familiar and seem uncomplicated to you and your top management – that a security audit and vulnerability assessment must be conducted if it is to be of value.

Illuminate your weaknesses

I think it was David Ogilvie, the British advertising guru, who noted that “Information is sometimes used like a drunk uses a lamppost – for support rather than illumination”.

The same danger is present in vulnerability testing. Off-the-shelf kits will provide some answers, most superficial, and could skirt around critical issues. They might not encourage the kind of creative thinking that could prevent the attacks the bad guys are so good at. You need to analyse your corporate structure from every angle, because you will not find a replica, and you need to fully understand the security vulnerabilities, and then think creatively about your own space.

Some confusion arises in understanding the difference between threat and vulnerability. Each needs to be dealt with for what they are.

A threat is who might attack what assets, when, where and why and with what probability.

A vulnerability is a specific weakness in security open to exploitation by multiple perpetrators with varied motivations.

Jenny Reid
Jenny Reid

Notes the Journal of Physical Security: “One must test to tell if someone claiming to do a vulnerability test is actually doing a threat assessment is if they have identified a relatively small number of ‘threats/vulnerabilities’ and if mitigating them is a major undertaking. A vulnerability assessment will identify possibly hundreds of very specific weaknesses and many of the countermeasures will be cheap and relatively painless.”

It is not getting much easier out there. A vulnerability assessment for your company could be a vital next step.

iFacts offers free basic assessments on www.ifacts.co.za and may assist you to make a decision on your vulnerabilities.

For more information contact iFacts, +27 (0)82 600 8225, [email protected]



Credit(s)




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

SMARTpod talks to The Risk Management Forum
SMART Security Solutions Editor's Choice News & Events Security Services & Risk Management Videos Training & Education
SMART Security Solutions recently released its first SMARTpod podcast, discussing the upcoming Risk Management Forum Conference 2024, which will be held on 26 September 2024 at the Indaba Conference Centre in Fourways, Johannesburg.

Read more...
There is a SaaS for everything, but at what cost, especially to SMEs?
Editor's Choice Information Security Security Services & Risk Management
Relying on SaaS platforms presents significant cybersecurity risks as the number of providers in your landscape increases, expanding your attack surface. It is important to assess the strength of the SaaS providers in your chain.

Read more...
Unlocking new efficiencies in private security
Security Services & Risk Management Transport (Industry) Smart Home Automation Logistics (Industry)
Justin Manson, Sales Director at Webfleet, discusses how the urgent need to protect life, and to do so more efficiently, is driving continuous innovation in holistic home and residential security services in South Africa.

Read more...
Innovation and security go hand in hand
Technews Publishing Facilities & Building Management Security Services & Risk Management
In a world where the demand for tech innovation is matched only by the acceleration of cybersecurity threats, businesses face the challenge of balancing new product development and robust security measures.

Read more...
Bomb threat landscape in South Africa
Editor's Choice Security Services & Risk Management
Over the past 25 years, South Africa has faced thousands of bomb threats and explosive incidents annually, imposing a significant economic burden on the nation, costing billions of rand.

Read more...
Natural catastrophes and fire risks top concerns
Security Services & Risk Management Asset Management Residential Estate (Industry)
Natural disasters are the highest risk in the real estate industry, followed by fire and explosions, and then business interruption. Estates must prioritise risk management and take proactive measures to safeguard their assets, employees, and reputation.

Read more...
Building a solid foundation
Alwinco Security Services & Risk Management Asset Management Residential Estate (Industry)
Understanding the roles of a Risk Assessor and a Risk Manager is like building a solid and secure foundation in the security world. Andre Mundell makes it easy to understand.

Read more...
SA firms take nine months to detect data breaches
Information Security Security Services & Risk Management
A human being can be conceived and brought into the world at roughly the same time a South African small and medium-sized enterprise (SME) becomes aware of and reports a data breach.

Read more...
Be wary of these scams this tax season
News & Events Security Services & Risk Management
As we approach the end of August, millions of South Africans will log onto the SARS eFiling website or visit their closest branch to complete their tax returns, but scammers are also waiting to defraud with tax-related scams.

Read more...
Businesses battle for long-term sustainability
Security Services & Risk Management News & Events
KPMG International’s report reveals the three key risks to growth in 2024 and beyond: geopolitical uncertainty, trade restrictions, and divergence on AI. The energy and natural resources sector is the ‘most exposed’ industry group in 2024.

Read more...