Data shows that nearly 30% 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. Build confidence that your team can properly respond to a breach by building an Incident Response Plan and train your team on using it.
WHY YOU NEED 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.1 Established companies that collect and share large amounts of customer data and confidential information on a daily basis would be irresponsible not to have an incident response plan in place. SMBs on the other hand, are frequently primary targets for machine and human hackers because more often than not, they don’t have adequate security measures or response plans in place that would prevent a breach or allow them to act fast is one were to occur.
An analysis of data breaches has shown that organizations who have a plan and regularly test it are able to significantly reduce the impact and cost of a data breach. On average these two items alone will reduce the cost by over $1,000,000.
How We Can Help
Incident Response Planning and Incident Response Plan Testing put you one step ahead of an attack or incident. It is the corporate, documented plan for how your organization will respond to a data breach or cyberattack, at both the operational and technical level. 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. 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. 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 our team is prepared to act quickly if and when an incident arises.
Also included in your plan will be the following tools:
- Security Incident Log and Report Form
- Security Incident Handling Checklist
- Root Cause Analysis Form
- Incident Information Form
- IRT Members List
- IR Process Flow
- The First 24 Hours – Data Breach Resolution Checklist
Our Incident Response Plans
- Enable operational continuity following the detection of a breach or incident
- Mitigate and minimize financial, physical and operational loss
- Provide in-depth forensics and data discovery and recovery
- Include collaboration with legal counsel to determine the obligations under applicable breach notice laws
- Provide a customized project plan for additional recovery and remediation
- Include a thorough Risk Assessment as necessary to evaluate ongoing risks and regain compliance