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It’s no secret that organisations of all sizes face the threat of cyber security attacks.
With more employees working from home and in less controlled environments, 70% of companies expect these hybrid work models to exacerbate data breaches and their related costs (2020 Cost of a Data Breach report).
It goes without saying that organisations need to be prepared. A security incident response (IR) framework provides the necessary steps to contain, handle, and resolve cyber attacks.
Data breaches cost organisations $US3.86 million per attack, according to the 2020 Cost of a Data Breach report.
Organisations with neither an IR team nor testing of their IR framework face an average of $US5.29 million in breach costs. Companies with IR teams and test scenarios in place report $US2 million less in breach costs.
Which means that the IR team not only deals with the technical issues of the cyber attack but also significantly influences the financial aftermath of a data breach.
The National Institute for Standards and Technology (NIST) has identified four steps that are crucial to a successful Incident Response Plan:
Do you have an incident response framework in place?
If you are unsure or would like to get your data breach response checked, talk to one of our security experts today!
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