There are a huge number of processes that take place on any corporate network - from logging in, to running various scripts, to updates and downloads, to advanced configuration adjustments. All of these processes must be managed by IT administrators. A large number of processes inevitably has a negative impact on security because it increases the likelihood of an incident. 

Our cyber incident response services include: 

• Forensic analysis, eradication and remediation with rapid response. 
• Continuous Threat Monitoring and Analysis: Post-incident network monitoring and analysis that integrate and complement existing IT security solutions to determine whether any persistent or additional threats continue to pose a threat to the network. 
• Advanced Threat Detection: Using advanced attack-based algorithms , analysis and dark web intelligence developed by former government-level security experts to identify hidden threats from nation states, insiders and other sophisticated actors that cannot be detected by traditional IT and cybersecurity analysis. 
• Incident Response Operational Readiness: Comprehensive incident prevention programs that include training and vulnerability assessments as well as penetration testing, phishing campaigns, Red/Blue Team and tabletop exercises using advanced Cyber Range technology. BDO also utilizes privacy, technology, and business advisors along with accounting experts to assist with all pre and post incident response needs. 
• Incident Response Planning: Developing and testing comprehensive incident response plans to minimize the impact of a data security breach, including identifying the root cause and implementing corrective actions for affected areas. Our team of experts considers company processes as well as the roles and responsibilities of individuals throughout the organisation. 

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Since the implementation of the GDPR in May 2018, privacy and data protection have become significant business risks. Organisations must comply with EU GDPR but also stay on top of other global regulatory requirements if there is a global exposure in order to effectively protect the privacy and data of staff, clients and others or face both financial sanctions and reputational damage.

Data protection needs be on the agenda of boards and need to develop and maintain a strong data protection and control environment across the entire organisation. This will require both a culture of compliance and a strong data governance framework. It cannot rely on one or two individuals.

Our Privacy Services include:

• GDPR & Information Privacy
• DPO Outsourcing
• Privacy Assessments & Audits
• Data minimisation strategies
• Privacy Governance & Strategy
• Data mapping & data flow diagrams
• Governance, risk management and compliance (GRC) management

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The objective of DORA is to improve the cybersecurity and operational resilience of all regulated European financial institutions and of crucial third parties that provide these institutions with ICT-related services.

In addition, DORA establishes a regulatory framework on digital operational resilience, where all firms need to ensure they can withstand, respond to, and recover from all types of ICT-related disruptions and threats. The requirements are the same across all EU member states, as they aim to prevent and mitigate the growing number of cyber threats.

BDO Malta recommends a structured approach to achieving and maintaining DORA Compliance, ensuring that in-scope entities continuously meet regulatory expectations. Ongoing assessments, risk management, and resilience testing are essential to avoid regulatory scrutiny and potential penalties. 

Learn more about DORA:

• Impact of DORA Compliance
• DORA: In-Scope Entities
• Our BDO Solution

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Information security aims to safeguard an organisation's data and assets from loss, leakage, unauthorised access, theft, natural disasters, and other threats. At BDO, we offer both information and cyber security services. As part of information security, we can help you secure your information and assets to minimise potential threats. 

We will help you build information security in your organisation from the ground up, starting with complete preparation and ending with final implementation. If you already have some parts implemented we will perform an assessment in individual areas e.g. ISMS or compliance with the DORA or MFSA ICT Guidelines.

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Every business today, in every industry, is entering the era of artificial intelligence together. Some are enthusiastic about AI and need a trusted advisor to provide a reasonable measure of caution. Others are apprehensive and want informed guidance before they feel comfortable enough to proceed. But every organization confronts the same fundamental issues: how to effectively implement and manage AI, and how to compete successfully when other companies are using it.  

AI is the future of your business. BDO Malta can help you reach it in a methodical, risk-managed way, to achieve your objectives safely and help you recognise opportunities, unlock revenue, and control cost. 

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The world is rapidly changing. And even though constantly evolving technologies bring plenty of benefits, they’re also creating a new set of risks that companies must face. BDO Malta's IT Risk Advisory team takes an innovative approach to our risk management methodologies to address these risks and help keep your company safe.
  
Our experienced professionals understand these risks and keep up-to-date with the ongoing transitions in today’s world. Our services can help your organisation accelerate its IT risk and compliance programs in the following ways: IT Audit, IT Risk Assessments and Cybersecurity Audits.

Our IT Risk Advisory Services:

• Business continuity planning
• Cybersecurity
• ISO 27001 Implementation
• IT Risk Management
• System & Compliance Audits
• Systems Assurance
• Third Party Assurance

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BDO is an approved Audit Service Provider and is able to conduct both system and compliance audits when they are requested by the Authority. We are also able to carry out mock audits in order to help licensed operators to be prepared for such reviews.

The review can be one of the following types:

• Systems Audit, which is carried out as part of the MGA licensee on-boarding process or when deemed necessary by the MGA; and
• Gaming Compliance Audit of licensed operators, which is carried out throughout the licensed period as required by the MGA.

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The MFSA ICT Guidance provides governance on areas such as Technology Arrangements, ICT & Security Risk Management, and Outsourcing Arrangements. In addition, it provides the scope and emphasis on the importance of meeting the requirements authorised by said Guidance, with which authorised firms must ensure compliance.

Learn more about the MFSA ICT Guidance:

• Guidelines on Implementation
• MFSA Guidance Principles
• MFSA ICT Guidance: Our BDO Solution

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Penetration tests are popularly described as simulating an attack against a specified IT area. The subject of a penetration test is always a certain isolated part of a company’s IT ecosystem, such as a web application, mobile application, desktop application, or network infrastructure.

So, the main reason why penetration tests are essential to an organisation's security is because they help personnel learn how to handle any type of hacker attack. Penetration tests allow you to determine whether your network environment is truly resilient. Through testing, we look for weaknesses in the system and potential targets of a hacker attack. This helps our clients protect their networks from external threats. 

Our Penetration Testing Services include:

• Dynamic Application Testing
• Internal Infrastructure, Computer Networks, Wireless Networks
• Mobile Applications
• Static Application Testing
• Web Applications

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The Swift Customer Security Programme (CSP) initiative was launched by Swift in 2016 and aims to strengthen the security of the global financial community.  Swift constantly monitors ongoing threats and evolutions in the cyber landscape, and adapts its CSP to meet the challenges that arise. In 2024, Swift’s focus area is Third Party Risk Management, as this topic is gaining importance both from a security and a regulatory perspective (e.g. DORA, NIS2).

Learn More about the Swift Customer Security Programme:

• Our solution
• Frequently Asked Questions

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BDO’s Technology Advisory Practice comes from a diverse range of backgrounds and includes both experienced IT and operations professionals and consultants. We take a broader look and consider the business requirements when recommending or implementing solutions.

We offer the following services within our technology advisory team: 

• IT Reviews
• IT Application Procurement support
• Project Management and Recovery
• IT Due Diligence

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