Nearly 57% of organizations will experience a breach within the next two years. The cost of these data breaches continues to rise in the US, especially in healthcare. A strong security program will reduce the chances your organization will have a breach but a breach can still occur. Properly responding to a security incident can significantly reduce the cost and business impact of a breach. Build confidence that your team can properly respond to a breach by building an Incident Response Plan and train your team on using it.
A data or privacy breach can damage your corporate reputation by reducing customer confidence and costing you thousands, even millions, in remediation, legal damages, and regulatory penalties. Cyberattacks are the fastest growing crime in the US and they are increasing in scale, scope, and sophistication every day. As more and more enterprises adopt cloud and mobile technologies, cybersecurity threats will increase as well.
Hospitals and other medical providers are prime targets for cybercriminals. That’s because hospitals and medical providers have access to the personal and financial information of so many patients. Data breaches can expose this information, which hackers can then sell on the dark web.
OUR INCIDENT PREPAREDNESS STRATEGY
The ability to respond quickly and contain an incident puts you one step ahead of an attack or incident. We will identify the high risk incidents for your company and design workflows to contain and recover. The documented plan will explain how your organization will respond to the various incidents.
Every industry’s Incident Response Plan is different, considering various vendors, third-party vendors, and customers that would be affected by, or potentially the culprit of, compromised data. At Loricca, we will customize a plan to meet your needs. Your incident response plan will outline clear steps for what your employees and vendors need to know immediately following a breach, and will clearly explain how to ensure operational continuity and involve legal counsel in the right way.
Incident Preparedness Deliverables:
- Incident Response Plan
- Incident Response Policy and Procedures
- Incident Response Testing – Tabletop exercises, coaching,
- Incident Response Tools and Work Aids
- Data Breach Resolution Checklist – The First 24 Hours
In the event of a breach, a well-documented and tested response plan can be a mitigating factor for compliance, regulatory or legal costs that may result. With a plan in place, you can have the peace of mind that comes with being proactive, as well as the reassurance that your team is prepared to act quickly if and when an incident arises. There are two things you can do to reduce the cost of an incident by $1.23 mil. Contact Loricca for more information.