Secure. Protect. Defend.
Outstanding cybersecurity services for systems, people, and information.
Comprehensive cybersecurity services provided at more than decent prices. We offer protection for your digital assets and ensure your peace of mind.
Our service cover a wide range of Governance Risk and Compliance aspects of Information Security, CyberSecurity, IT and Artificial Intelligence:
Our services
Regulatory Compliance services
Regulatory compliance services help organizations adhere to legal standards, ensuring risk management, data protection, and operational efficiency.
DORA
We help organizations meet the EU's Digital Operational Resilience Act requirements. These services include gap assessment, risk assessments, cybersecurity reviews, incident reporting, and continuity plans development. By implementing DORA guidelines, organizations enhance their digital resilience, safeguard data, and maintain regulatory compliance, ensuring robust operational stability in the face of cyber threats.
CSSF Circulars
CSSF circulars 20/750, 22/806, and 22/847 are regulatory frameworks for financial institutions and professionals of the financial sector in Luxembourg. They cover IT and security Risk Management, Oversight of outsourcing arrangements, and Reporting of IT related incidents, respectively. These provisions ensure robust risk management, compliance, and enhanced security within the financial sector. We help organisations face the challenges of meeting these obligations.
In the European Union, IT and security regulations are focused on enhancing digital infrastructure security, protecting individual privacy, and ensuring the safe processing of data. Enforcement mechanisms are rigorous, involving heavy fines and audits to ensure compliance by organizations, thereby maintaining high standards of cybersecurity and data protection is a must. We can help you seamlessly adhere to this regulations (e.g., EU AI Act, NIS2, PSD2 or GDPR).
EU Regulations
CyberSecurity and IT Governance and Risk Management services
CyberSecurity and IT Governance and Risk Management services focus on protecting an organization's digital assets and information from cyber threats and vulnerabilities. These services involve implementing policies, procedures, and technologies to safeguard sensitive data, prevent unauthorized access, and ensure regulatory compliance. By conducting risk assessments, creating incident response plans, and implementing security controls, organizations can effectively manage and mitigate the potential impact of cyber attacks and data breaches. Additionally, IT governance and risk management services help organizations align their IT strategies with their overall business objectives, improve decision-making processes, and enhance overall business performance. With the increasing reliance on digital technologies and the growing complexity of cyber threats, these services are essential for organizations to safeguard their operations and reputation in today's digital age.
IT and Cyber Security Strategy
Professional services for developing IT strategies and cybersecurity strategic plans involving the expertise and guidance of experienced professionals in the field of information and communication technology. These services aim to analyze the current state of technology within an organization, identify areas for improvement, and devise a comprehensive strategy to enhance the overall IT infrastructure. Additionally, cybersecurity strategic plans are crucial for safeguarding sensitive data and protecting against cyber threats.
Standards and Frameworks
We specialize in providing services to ensure adherence to internationally recognized standards such as ISO27001, COBIT, NIST, and ISO 22301. We understand the importance of meeting these standards in order to ensure the security, reliability, and quality of your products and services. Our team of experts is dedicated to helping your organization achieve compliance with these standards, ultimately enhancing your overall business operations. Whether it's through conducting assessments, implementing controls, or providing training, we are committed to supporting your organization in meeting these rigorous standards.
We perform risk assessments, control assessments, develop risk treatment plans, and report IT and cybersecurity risks to the Top Management. By engaging with these services, businesses can identify potential vulnerabilities, evaluate the effectiveness of their current security measures, and create tailored plans to mitigate and manage any identified risks. This proactive approach not only helps to safeguard against potential cyber threats but also demonstrates a commitment to maintaining the integrity and security of the organization's data and systems.
IT Risk Management
IT Incident Management and Reporting services
Respond and Report
Effective incident response and reporting processes are crucial to vital for quickly and effectively react in case of disrupting situations. These involves promptly addressing incidents through execution of dedicated incident response plans, managing crises situations, initiating recovery efforts, thoroughly assessing incidents, and reporting IT-related issues. By following these steps, organisations can minimise damage, ensure continuity, and maintain trust with stakeholders and regulators.
Digital Operational Resilience
In an era where digital systems support nearly every aspect of business operations, ensuring digital operational resilience is more critical than ever. Incident management plays a vital role within the broader framework of digital operational resilience. It is the structured process by which organisations identify, respond to, and recover from incidents that threaten their digital operations. Incorporating digital operational resilience and incident management into a organisation’s strategic planning is essential for mitigating risks and maintaining customer trust. As cyber threats continue to evolve in complexity and frequency, entities must develop robust systems and processes to anticipate and manage potential disruptions. This proactive approach not only secures business continuity but also strengthens the organization’s ability to adapt and thrive in a rapidly changing digital landscape.
Plan and Prepare
Effective digital operational resilience starts with preparation and planning. This includes developing and implementing comprehensive strategies such as Crisis Management Plans, Incident Response Plans, Recovery Plans, and Contingency Plans. Additionally, creating Exit Strategies and conducting Digital Resiliency Testing Programs ensures that organizations are equipped to handle and recover from potential disruptions swiftly and efficiently.
Test and Evaluate
Testing and evaluating security measures are essential for maintaining digital operational resilience. This includes testing the IT Business Continuity and Incident Response Plans, conducting Application Penetration Testing, assessing Mobile and Web Applications, evaluating Cloud and Infrastructure Security, simulating Adversary Attacks, performing Managed Vulnerability Scans, and completing Social Engineering Assessments to identify and mitigate potential risks.
Third Party Risk Management & Cloud Security services
Third Party Risk Management (TPRM) and Cloud Security are mandatory components of modern cybersecurity strategies. TPRM involves assessing and managing the risks that arise from third-party vendors and service providers, ensuring they adhere to the organization’s security standards and compliance requirements. With the increasing reliance on cloud services, Cloud Security has become essential for protecting sensitive data and maintaining operational integrity. It involves implementing robust security measures such as encryption, access control, and continuous monitoring. Together, TPRM and Cloud Security safeguard organizations from external threats, minimize vulnerabilities, and ensure the resilience and trustworthiness of
Cloud Security
Ensuring the security of Cloud deployments is key for protecting sensitive data and ensuring the integrity of digital operations. Adhering to cloud security standards, such as ISO 27017 and CSA CCM, helps organizations implement best practices, safeguard against cyber threats, and maintain regulatory compliance. Ensuring robust cloud security measures is essential for mitigating risks and maintaining trust in cloud
Third Party Risk Management
Digital Operational Resilience Act (DORA) requires financial entities to identify, assess, and manage risks related to the use of IT services provided by third parties. It emphasises the importance of thorough due diligence and continuous monitoring of these service providers. DORA requires financial entities to establish and implement exit strategies and contingency plans to mitigate the impact of disruptions or failures by third-party IT service providers. This includes ensuring continuity and security of operations even if a critical service provider fails.
vCISO services
Trustworthy services to ensure a comprehensive approach for safeguarding an organization’s digital assets and maintaining resilience against evolving cyber threats. vCISO services offer organizations access to an experienced security professionals on a flexible, part-time, or project-based basis. This approach is ideal for companies that need high-level security guidance but cannot justify or afford a full-time CISO.
Operational Security Management
• Incident Response: Leading efforts to detect, respond to, and recover from security incidents and breaches.
• Threat Monitoring: Overseeing continuous monitoring and analysis of threats through tools like SIEM systems.
• Compliance Management: Ensuring adherence to regulatory and industry standards, such as GDPR, HIPAA, or PCI-DSS.
Stakeholder Communication and Training
• Executive Reporting: Communicating security risks, initiatives, and ROI to the board of directors and other senior stakeholders.
• Employee Awareness Programs: Conducting training to cultivate a security-conscious culture among employees.
• Third-Party Coordination: Managing security relationships with vendors, partners, external consultants, auditors and regulators.
Strategi Security Planning
• Developing a Security Roadmap: Creating long-term strategies to align the organization’s security posture with its overall goals and regulatory requirements.
• Risk Management: Identifying, assessing, and mitigating risks to protect critical assets and data.
• Policy Development: Establishing and maintaining information security policies, standards, and guidelines.
CyberSecurity & IT Assurance
Provide a general summary of the services you provide, highlighting key features and benefits for potential clients.
Cybersecurity Gap Assessment and Remediation
Identify weaknesses in an organization’s security posture by evaluating policies, technologies, and practices against regulation, industry standards and best practices. The process highlights gaps in design, implementation, or operations. Remediation involves implementing strategic solutions, such as updated controls, employee training, or technology upgrades, to mitigate risks and enhance security resilience.
IT Internal Audit
Evaluates an organization’s IT systems, processes, and controls to ensure they align with business objectives, regulatory requirements, and industry standards. It identifies inefficiencies, security risks, and compliance gaps. The audit provides actionable recommendations to improve system reliability, data protection, operational performance, and alignment with organizational goals.
Independent assessment of te organization’s IT systems, controls, and processes conducted . It ensures compliance with industry regulations, it identifies risks and validates controls implemented for risks mitigation . The audit enhances transparency, builds stakeholder confidence, and provides actionable insights for improving IT governance and security.
IT Third Party Assurance
Artificial Intelligence Governance Risk and Compliance services
Artificial intelligence governance risk and compliance services focus on ensuring that AI technologies and applications are developed and implemented in a responsible and ethical manner. These services help organizations identify and mitigate the potential risks associated with AI, such as bias, privacy concerns, and security issues. They also assist in ensuring that AI systems comply with relevant regulations and standards. By implementing effective governance, risk management, and compliance measures, organizations can maximize the benefits of AI while minimizing potential negative impacts. These services often involve the development of policies, procedures, and controls to govern the use of AI, as well as training and education to raise awareness and understanding of AI ethics and compliance requirements. Overall, artificial intelligence governance risk and compliance services play a crucial role in promoting the responsible and sustainable use of AI technologies. We can support you in this journey by leveraging on existing GRC Tools like ISACA Luxembourg AI GRC Toolkit.
Risk
Artificial intelligence has brought about many advancements in technology, but it also comes with its own set of risks. There is also the risk of bias and discrimination in AI systems, as they are often trained on data that reflects historical inequalities. Furthermore, there are ethical concerns surrounding the use of AI in decision-making processes, such as in healthcare or criminal justice. It is important to carefully consider and address these risks as artificial intelligence technology continues to develop.
Compliance
The European AI Act aims to regulate the use of artificial intelligence systems in Europe to ensure they comply with ethical standards and protect the rights of individuals. Companies developing and using AI technology will need to adhere to these regulations to ensure that their systems are in compliance with the European AI Act.
Governance
Organizations are now looking to implement management systems to ensure that AI is developed, deployed, and used in a responsible and ethical manner. ISO 42001 management system standard provides a framework for organizations to establish, implement, maintain, and continually improve a governance system for AI.
At cyber.OWL, we are dedicated to providing trustworthy services to ensure the security of your systems, people, and information.
