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Cyberattacks are inevitable. Is your company prepared?

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No one comes to work expecting a cyberattack, so when one happens it feels random and unpredictable. Responding appropriately is not just the responsibility of the technical specialists, it is a matter of collective leadership of the board, the executives, managers, and other team members. 
 

  • The Ponemon Institute discovered that only 47% of organisations have not assessed the readiness of their incident response teams. This means that many companies will only get to test their plans during the worst possible time – the middle of a cyberattack. 
  • So, how can companies improve their crisis preparedness before a cyberattack happens? Powerful tools include fire drills and table top exercises.
  • Fire drills and table top exercises need to be conducted differently depending on the target audience (e.g., the board of directors, c-suite, organisation, or the technical team). 

  

The 4 most effective fire drills and TTXs

From these exercises, companies will likely discover

  • Flawed and unmanageable plans that are too long or complex.
  • Knowing who to call isn’t always as straightforward as it might seem.
  • New unanticipated risks might surface that have been overlooked.
  • Impacts of cyberattacks go beyond business continuity and can impact reputation.
  • Motivation to invest in cybersecurity can increase.

 

What should the organisation do next? 

  • Get the right people in the room.
  • Build a scenario timeline of a realistic cyberattack.
  • Discuss action plans at each pause of the timeline.
  • Create scenarios that involve all team members.
  • Practice before the full team exercise.

 

Why does this matter for businesses?

 

  • Many companies realise that they are unprepared when it’s already too late: in the wake of a cyberattack.
  • Unpreparedness can lead to higher recovery cost and a longer time to recover. In other words, it jeopardises resilience.
  • Companies can take practical steps to improve their crisis preparedness, and thus their resilience to cyberattack. 

 

Read the full article here (Note: Behind paywall)