Turnaround Professionals Services

Return Your Clients to Solvency

“What are the biggest cybersecurity threats right now?”

“Do you have an information security expert on staff?”

“Does anyone on the management team have Information Security and Risk Management expertise?”

“Does this company need cybersecurity insurance? Is the cybersecurity insurance policy appropriate to our risks?”

“Can you detect an attempted or successful cybersecurity incident/breach?”

We identify reasons for failure, develop a strategy, implement changes, and monitor performance to return your client to solvency.

Benefits:

  • Develop IT aspects of a turnaround strategy and more creative solutions

  • Protect asset value

  • Eliminate technology obstructions

  • Increase appeal to potential investors or buyers

IT problems may be related to a data breach: Slow networks, computers functioning without internal input, login credential issues, or strange messages may indicate a company’s IT problems are related to an undetected data breach. The average time to detect a breach on a corporate network is 228 days.

Data breaches kill vulnerable companies: 67% of cyber-attacks are directed towards small to medium-sized businesses, with the average data breach costing the company $200,000. For larger companies, the average cost of a data breach in 2020 was $8.2M. Most alarmingly, 60% of small businesses fail within six months of a significant cyber event.

In June 2020, RMCB, a large medical debt collection company, had to close its business after a partner company was hacked. Retrieval-Masters Creditors Bureau Inc. reported that its assets were worth over $10 million when it filed for bankruptcy in New York. Good cybersecurity is attractive to potential investors: By 2022, 60% of organizations engaging in M&A activity will consider cybersecurity posture as a critical factor in their due diligence process. In a recent study, 53% of respondents reported that their organization had encountered a critical cybersecurity issue or incident during an M&A deal that put the deal in jeopardy. The evaluation and due diligence shouldn’t just be a point-in-time exercise; cybersecurity due diligence and risk assessment should be ongoing.

Our Services Include:

  • Cyber Assessments: We examine all aspects of an organization’s information system, accounting for people, processes, and technology. We let you know the risk profile, help business leaders develop a risk appetite strategy, and develop a roadmap to move organizations to a better security posture. Our cyber assessments also are used to evaluate organizations being considered for acquisition or being readied for sale.
  • Cyber Planning: Our team of technology and security experts works with your client to develop a comprehensive strategy to reduce their information security risk. Working with your client’s IT department and existing infrastructure, our solutions are a thoughtful balance between security and operations.
  • Incident response: Responding to a significant breach is a precarious moment for a business. Money, data, and reputation are at stake. Our team works hand in hand with your clients to quickly isolate the problem, remediate affected systems, and restore operations while maintaining confidentiality.

Bawn is here to support your needs.
Call us at 888-477-2296 for a free consultation.