Managing the cyber security threat is essential.

It is not a question of “if” or “when” your firm will be hacked, but rather how enterprises can respond to and manage the cyberthreats environment while they are being attacked.

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Managing the cyber security threat is essential.

According to Brian Krebs, one of the world’s leading cybersecurity writers, who stated at a recent event that “everything gets hacked!” that businesses and IT workers must begin to embrace the “depressing fact,” The number of data breaches is continuing to rise at an alarming rate. According to Cybersecurity Ventures, a data breach occurs every 14 seconds, compared to every 40 seconds in 2016, and will occur every 11 seconds by 2021, down from every 40 seconds in 2016.

Many enterprises and information technology departments have experienced an increase in challenges as a result of the present pandemic; on the contrary, the problems have worsened. There is no organisation that is immune to the threat. Not even the World Health Organization has a position on this (WHO). According to Flavio Aggio, the World Health Organization’s Chief Information Security Officer, cyberattacks on the organisation (the WHO) have more than doubled in recent weeks, including an attempt to steal credentials from WHO agency personnel. ¹

Furthermore, fraudsters are taking advantage of the opportunity to swindle, hack, and otherwise create havoc across the entire digital ecosystem. There has never been a better time for enterprises to conduct an assessment of their information resilience across a range of areas such as cybersecurity, information management and privacy, security awareness programmes, and regulatory compliance requirements.

The question is, what should enterprises do in the event of a data breach?

A data security or data privacy breach will go through six stages, each of which is critical. Additionally, it will assist incident response teams in being more proactive in detecting, managing, and providing remedies to improve their state of information resilience.

Considering the possibility of a data breach: Have you put in place the appropriate governance structure, as well as the necessary resources and tool sets?
Data breach detection: Is your team capable of responding to security alerts and ascertaining whether or not there has been an actual or probable event and, as a result, a data breach?
A data breach must be contained and eradicated: Are there plans in place and the necessary resources in place to prevent a data breach?
Getting back on track after a breach: How quickly can you get operations back up and running as they were before the disaster?
Post-event review: Are you conducting a systematic evaluation of each occurrence and identifying opportunities for improvement?
Lessons learned as a result of a breach: Are you successfully integrating lessons learned throughout your organisation?

Our team of trusted advisors can assist your organisation in strengthening its ability to respond to breaches at any time. Contact us today to learn more about how we can help keep your organisation secure, safe, and long-lasting during these difficult times.

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