IT & Cybersecurity Audit Services
Audits are systematic evaluation of software assets and processes to ensure compliance with licensing agreements, security standards, and operational efficiency.
Software Audits
Regulatory Compliance
- Legal Obligations: Many industries are subject to specific regulations governing software usage. Non-compliance can lead to legal consequences, fines, or damage to the organization’s reputation. Audits help ensure all obligations are met.
- Data Protection: Software audits help ensure compliance with data protection laws by identifying and rectifying any vulnerabilities that may compromise sensitive information.
Risk Mitigation
- Security Enhancement: Identifying and addressing security vulnerabilities through audits helps organizations strengthen their cybersecurity posture.
- Operational Continuity: Audits minimize the risk of disruptions caused by unauthorized or outdated software, ensuring the smooth operation of critical business processes.
Cost Management and Optimization
- Expense Control: Audits help organizations avoid unnecessary expenses related to over-licensing or purchasing software that is not utilized effectively.
- Financial Transparency: By understanding the software assets in use, organizations can make informed decisions About renewals, upgrades, or downsizing, leading to better financial management.
Vendor Relationship Management
- Negotiation Leverage: Audits provide an accurate understanding of software usage during vendor negotiations, leading to better deals and contract terms.
- Effective Communication: Regular audits foster transparent communication with software vendors, building stronger and more cooperative relationships.
Third Party Risk Audit
Third-party risk audits evaluate and mitigate risks associated with external partners, suppliers, and vendors. In an interconnected business environment, third-party relationships can introduce various risks, making regular audits essential.
Ensure Data Security
- Evaluate the security measures implemented by third parties to protect sensitive information.
- Identify potential vulnerabilities in data handling and storage processes.
Operational Resilience
- Assess the operational continuity of third-party providers, ensuring they have robust business continuity and disaster recovery plans in place.
- Mitigate risks associated with disruptions that could impact service delivery.
Regulatory Compliance Assurance
- Ensure that third-party relationships adhere to specific industry regulations and compliance standards.
- Mitigate the risk of regulatory penalties and legal consequences resulting from non-compliance.
Supply Chain Risk Management
- Evaluate risks associated with the broader supply chain, identifying potential disruptions that could affect the supply of goods or services.
- Develop strategies to minimize risks in the supply chain through effective third-party risk management.
Strategic Vendor Selection
- Facilitate informed decision-making in choosing strategic partners by assessing their risk profile.
- Enhance the reliability and resilience of the supply chain through careful vendor selection.
Brand Protection
- Safeguard the reputation of the organization by ensuring that third-party partners uphold ethical and compliance standards.
- Demonstrate commitment to corporate responsibility, building trust among stakeholders.
Early Risk Detection
- Enable early detection of potential risks, allowing proactive measures to be taken before issues escalate.
- Minimize the impact of unforeseen events on the organization’s operations.
Efficient Resource Allocation
- Optimize resource allocation by identifying areas where third-party relationships can be streamlined or enhanced.
- Ensure that resources are directed toward partnerships that align with organizational goals.
Efficient Resource Allocation
- Foster a culture of continuous improvement by learning from the findings of third-party risk audits.
- Implement feedback loops to adapt and enhance risk management strategies over time.
Service Organization Control 2 Audit
Service Organization Control 2 (SOC 2) stands as a widely acknowledged auditing standard formulated by the American Institute of Certified Public Accountants (AICPA). This standard is specifically designed to assess the controls and procedures of service organizations engaged in storing, processing, or transmitting customer data. It assesses controls related to security, availability, processing integrity, confidentiality, and privacy.
SOC 2 reports play a vital role in offering assurance to both customers and stakeholders, confirming that the service organization has effectively implemented controls pertaining to security, availability, processing integrity, confidentiality, and privacy. Xencia’s security experts are skilled in establishing SOC 2 compliance, ensuring yout sensitive customer information is protected.
Security Audit as a Service
Security Audit as a Service from Xencia helps organizations assess their security posture by identifying your company’s technology, cybersecurity safeguards, and potential points of entry, while ensuring you have the right procedures to protect against security threats.
Security Audits
- Risk Assessment , Red Teaming and Control Testing
- Vulnerability Scanning ( VAPT)
- Targeted phishing and Malware Simulation
- Data Breach Analysis
- Cyber risk quantification
- Threat investigation, isolation and response
Vulnerability Assessment
- Scheduled Vulnerability detection
- Vulnerability data centralization and Analysis
- Vulnerability intelligence, assessments & exploit validation
- Backup and Endpoint Security Management
Digital Forensics
- Establishing a detailed timeline and reconstructing attack
- System Restorations and Account Recovery
- Determining data sensitive and its compromised
- Providing a management report detailing the findings
- Actionable and prioritized remediation advice
Compliance
- International Organization for Standards (ISO) 27001
- Industry Security Standards Council. Health Insurance Portability and Accountability Act (HIPAA)
- General Data Protection Regulation (GDPR)
Projects
- Virtual CISO
- Policy Enforcement – Auditing
- Scoping, Kick-Off, Execution, Monitoring , Control and Close
- Security Awareness Training Program for executives