ACA Group Highlights Programmatic Approach to Cybersecurity for Enhancing Investments
In the fast-changing digital landscape, traditional portfolio oversight methods are increasingly inadequate against mounting cyber threats. Recognizing this shift, a strategic, programmatic approach to cybersecurity is now crucial for protecting investments and enhancing company valuations.
ACA Group (ACA), a leader in governance, risk, and compliance advisory in financial services, has released a new white paper detailing how firms can develop a value-generating cybersecurity portfolio oversight program.
Key Elements for Robust Cybersecurity Oversight
Launching such a program may seem daunting, but it is essential for firms aiming to protect and grow their assets. The white paper outlines 13 critical elements for an effective cybersecurity oversight program, promising to strengthen cybersecurity while enhancing overall investment value.
These 13 components are grouped into three main themes:
Managing Risks
- Security Baseline: Establishing a fundamental security standard.
- Risk Framework: Using a consistent approach to assess and manage risks.
- Risk Assessments: Conducting regular evaluations to identify vulnerabilities.
- Readiness: Preparing for emerging threats.
Creating Value
- Improving Valuations: Leveraging economies of scale.
- Insights: Providing portfolio companies with crucial information.
- Executive Support: Securing backing from top management.
Governance
- Accountability: Ensuring responsible management of cybersecurity efforts.
- Engagement: Involving Limited Partners (LPs) in the process.
- Simplified Reporting: Streamlining reporting procedures.
- Oversight Measures: Right-sizing oversight to fit the firm’s needs.
- Operational Integration: Merging cybersecurity with broader operational strategies.
ACA Vantage for Cyber: A New Era in Portfolio Oversight
The introduction of ACA’s new product, ACA Vantage for Cyber, represents a significant advancement in portfolio oversight solutions. Powered by ACA Aponix, this service combines high-level advisory support with the innovative regulatory technology of ComplianceAlpha and the unique “RealRisk” risk assessment methodology.
ACA Vantage for Cyber is tailored to align with investor needs, drawing on extensive experience from over 100 project management firms. This tool saves time by providing instant access to assessment results and remediation efforts, ensuring stakeholders are well-informed and resources are efficiently allocated. It allows firms to identify and manage cybersecurity risks associated with their investments, from the fund level down to the cyber capabilities of individual portfolio companies.
By implementing these strategic cybersecurity measures, firms can better safeguard their investments, boost company valuations, and navigate the complex digital landscape with confidence.
Source: fintech.global
