PACE Networks Ltd.
*A survey of 1,000 SMEs reports that following a Cyber Attack, 10% went out of business, 25% suffered bankruptcy and a further 37% experienced financial losses.
PACE Networks called on Accelerate Technologies to conduct a cyber and digital resilience assessment of their business.
PACE Networks is a small business focused on the sales and distribution of market leading European products to the UK railway electrification and power grid industries. Utilising the latest cloud software applications and technologies enabled the company to grow quickly and compete with much larger organisations in an extremely competitive market.
“In a world where any disruption can impact upon a business’s ability to function, security and the risks imposed are becoming high on the agenda of businesses of all sizes.”
Employee Security awareness was assessed using a controlled Phishing simulation, to understand existing levels of awareness and knowledge, followed up with a Cyber Awareness programme to deliver ongoing protection and assurance.
Improved access security was introduced for business critical applications using Two Factor Authentication (2FA). Features available to them through existing cloud subscriptions but previously unused.
Security misconfigurations and limitations in existing infrastructure and security policies were identified, caused by limited IT knowledge and understanding of best practice.
Provided insights to locations of critical data assets in cloud-based ERP application that would severely impact the operations of the business in the event of a failure or loss of data.
Third party relationships and their digital access to business critical assets were evaluated to clarify the needs and levels of access. The process Identified large financial risk through excessive privileges, shared passwords and user accounts.
Managed IT security and technology was introduced to provide PACE employees with a “call it out!” facility to fall back on. Accelerate Technologies experienced and knowledgeable security team on hand to cover any incident or threat.
“Accelerate opened our minds to the many areas of risk to our business”
The initial Digital Resilience Assessment provided PACE Networks with a clearer understanding of how to protect from the known and unknown threats to their business. The expertise of Accelerate allowed the necessary technology to be implemented in a cost-effective way and without disruption to day to day business. Resilience was improved by introducing regular data backups and documented restore processes to react and recover for any eventuality.
An ongoing assessment service will ensure that PACE stay up to date with the threat landscape and avoid falling into past bad practices.
PACE Networks are now satisfied that their digital resilience will provide a level of confidence to them, their customers, and suppliers.
“When we suffered a close call from a potential email security breach, we knew that we needed to take action. Accelerate opened our minds to the many areas of risk to our business, then helped us to define an achievable and realistic state of digital resilience. We now feel protected from the known threats to our business, and we are confident that we will have the strength and knowledge to recover in the future should we suffer from a currently unknown threat.”
Simon Park, PACE Networks
Business Development Director
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