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The 3 Must-Know Benefits of an Information Technology Audit

technology audit

When facing cybercrime ask yourself: When was your last information technology audit?

If it's been a while or hasn't happened at all, you're probably vulnerable to a cyberattack. Cybercrime shows no signs of slowing down and is expected to cost the world $10.5 trillion per year by 2025.

Are you confident that your organization is secure with the current remote and hybrid work environments? This is where an information technology audit can give you peace of mind. An IT audit is a thorough analysis and assessment of an organization's IT infrastructure, policies, and procedures.

Why Are Information Technology Audits Important?

Here are some reasons why an information technology audit is essential to organizational resilience against cyber attacks, mitigating digital risks, and overall success:

  1. Detects security vulnerabilities
  2. Ensures that the organization is up to date on vital security measures
  3. Establishes the foundation for the organization's new security policies
  4. Prepares the organization to respond quickly and effectively in the event of a cyberattack
  5. Helps maintain compliance with various security regulations

tech audit

What Are the Benefits of Information Technology Audits?

Comprehensive information technology audits have three key benefits:

1. No Surprises

IT components that we use and trust every day may have hidden threats that can be easily overlooked. If not addressed early on, such threats can quickly escalate into a full-fledged data breach. An IT audit is extremely beneficial when it comes to addressing this particular concern.

A properly planned auditing process creates a map of your IT environment that helps you understand how everything connects and which areas expose you to future threats. This allows you to focus your remediation efforts where they are needed the most.

Consider this: What if one of your top executives was secretly selling all your intellectual property ideas to your main competitor? That could sink your company or significantly reduce your profit potential. Unmapped and unaccounted technology landscapes can lead to similar outcomes.

To avoid this, regularly monitor, update, patch and clean up the proverbial dust in your infrastructure. You might soon discover that someone intentionally or unintentionally downloaded a piece of malicious code that's spreading like wildfire across your network, waiting for the perfect moment to demand a ransom or continue spying and stealing your organization's information.

tech audit cybersecurity

2. Data-Driven Decision Making

A properly conducted audit will provide you with valuable data that you can use to make core business decisions. Its value extends to security budgeting as well. A data-driven approach to developing cybersecurity strategies can assist you in making more informed budget decisions. This mean that you'll have a better idea of where to spend your money.

An audit can also help you prioritize your goals based on what's most pressing, exposing vulnerabilities or what’s causing productivity loss.

3. A Vision for the Future

An information technology audit can lay the groundwork for a SWOT analysis. A SWOT analysis is a technique for evaluating the Strengths, Weaknesses, Opportunities and Threats of your business. It's a powerful tool that can assist you in determining what your company excels at right now and formulating an effective strategy for the future.

Armed with a thorough understanding of your technology's strengths, weaknesses, opportunities, and threats, you can begin planning years in advance and share the vision with team members to keep them motivated.

Let Data Networks Help with your Information Technology Audit & Cybersecurity!

Are you ready to start planning your information technology audit and boosting your cybersecurity solutions? Data Networks is the resource you need for support and expertise to keep your organization safe and on top of cyber threats. 

Contact us to start the conversation and chat about how we can help. And don't forget to subscribe to the blog for more tips about cybersecurity, compliance, and IT insights. 

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