Security is the foundation of your IT infrastructure.
Most organizations that run Nonstop systems have been in existence for a considerable time. Their IT Infrastructures were designed and built long ago. Today, financial institutions operate in fast-paced, complex environments with increasing operational risks.
As with any building, wear & tear creates vulnerabilities. You must constantly work on maintenance and upkeep, identifying cracks in the foundation. If those cracks are left unattended, they can cause severe structural damage.
- Inspect your foundation – Constantly work on maintenance and upkeep.
- Identify vulnerabilities – Unattended weak spots can result in cracks.
- Prevent Damage – Those cracks can cause severe structural damage.
Robust operational risk management and resilience enhance the ability to prevent, detect, respond to, and recover from adverse events.
Operational risk management involves identifying and managing risks that could impact a financial institution’s operations. The goal is to minimize the frequency and intensity of disruptions and losses caused by those risks.
It is a cornerstone of operational resilience, enhancing a financial institution’s ability to withstand disruptions. Operational resilience focuses on a financial institution’s response and recovery by taking a holistic approach, considering all critical operations.
Financial entities must have internal governance and control frameworks to ensure effective and prudent management of ICT risk and achieve strong digital operational resilience. That means critical information stored on Nonstop systems.
Increasingly, governing bodies worldwide are developing frameworks requiring comprehensive and continuous resilience and security standards.
Every system has vulnerabilities. Do you know where yours are?
It is important to identify the vulnerabilities in your system and ensure remedial action to prevent security breaches and data loss. Weak spots are prime targets for threat actors. Providing opportunities for them to steal sensitive data and cause damage to your network, or deny access to authorized users.
Vulnerability Management can help mitigate risks and improve your security posture. An effective operational risk management framework includes regularly reviewed and updated policies and procedures, a risk classification system that includes categories of risks related to people, inadequate internal processes and systems, and external events, and assessment and monitoring tools to evaluate risks and controls.
From an organizational standpoint, operational risk management requires several collaborative defensive systems to properly assess and manage risk, including vulnerability scanning, user validation, and threat detection.
Identify & Manage Risk
Operational risk management is centered on the assurance that all vulnerabilities associated with business activities are properly identified and understood, that the associated risks are formally assessed and quantified, and that there is a structured process in place for enacting the decisions made by leadership functions to manage vulnerabilities and the associated risks.
There are multiple regulatory frameworks focused on digital operational resilience and risk management. Organizations must now prove their Digital Operational Resilience. ICT risk management is a key pillar of these frameworks. A comprehensive risk management framework for ICT systems includes policies, procedures, regular assessments and programs.
Ensuring users can perform their routine tasks without reducing efficiency and effectiveness, while keeping systems and data secure and compliant, is the key to managing risk effectively.
We cannot eliminate all risk, but we can mitigate and manage vulnerabilities and reduce our threat surface.
Scan your Nonstop systems to identify vulnerabilities
Organizations should regularly assess operations to identify and effectively manage risks through tools such as vulnerability scans, control assessments, operational risk event data analysis, and scenario analysis.
Every system has vulnerabilities and weak spots that present prime targets for threat actors. Adapting a vulnerability management process will help reduce your system’s attack surface, strengthen your security posture, and enhance your digital resilience strategy.
Regularly scanning your Nonstop systems to:
- Minimize data loss – Prevent & reduce data loss in case of unauthorized breaches, cyber attacks, or unintentional errors.
- Identify privilege creep – Identify and rectify privilege creep and reduce the exposure of sensitive data.
- Improve security and comply with regulations – Get recommendations for improving system security, restricting access, and address compliance requirements.
It’s hard to defend your organization if you don’t understand the threats you face. As such, the first step to approaching operational resilience is profiling not only the threat actors that target the financial services sector, but specifically which actors will attack and how they will carry out those attacks.
How can Monitoring Nonstop-Connected Hardware Devices Strengthen Digital Operational Resilience?
Monitoring hardware devices is crucial for minimizing system downtime and ensuring optimal performance, efficiency, and security. It can provide real-time insights into hardware health, detect issues before they escalate, prevent data loss, and inform proactive maintenance and upgrade decisions.
Monitoring also improves insight and visibility into the Hardware Security Module (HSM), facilitating more effective management and troubleshooting of any issues.
Regulatory compliance is no small undertaking. It requires the right partner to ensure not only compliance but also an environment of readiness and continuous improvement.
How can you Effectively Monitor Nonstop-Connected Hardware Devices?
CSP has been an innovator in NonStop security for over thirty years and understands the complex security challenges facing the NonStop platform.
No organization is immune to threats. CSP understands enterprises require insight and visibility into the Hardware Security module, so we developed CSP Syslog Receiver to assist with monitoring of devices connected to Nonstop environment.
CSP Syslog Receiver for Nonstop servers is an OSS Gateway tool that receives syslog messages from Hardware Security Modules (via TCP/IP or UDP), and forwards to EMS collectors. This solution delivers improved insight and visibility into the Hardware Security module (HSM), facilitating more effective management and troubleshooting.
The installation and setup are very quick, and the product is simple to use.
Supports Multiple Syslog Sources
In addition to Hardware Security Modules, messages from various other syslog sources can be sent to EMS, providing increased visibility and awareness of the devices connected to Nonstop environment.
CSP Syslog Receiver improves insight into the Hardware Security Module, increases visibility and awareness of devices connected to the Nonstop environment, and can receive critical messages regarding hardware failure/power failure.
Key Features:
- OSS process managed by config file (YAML format)
- Supports TCP/IP and UDP protocols
- Supports multiple syslog sources
- Ability to specify a dedicated EMS collector for Syslog messages
- Ability to run as a Pathway process
- Quick installation and setup
- Simple to use
- No GUI to install
When it comes to securing your Nonstop Systems, you have options. For more information about CSP Syslog Receiver, visit CSPsecurity.com.
CSP – The Superior Choice in NonStop Security
For complimentary access to CSP-Wiki®, an extensive repository of NonStop security knowledge and best practices, please visit wiki.cspsecurity.com
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