Thursday, September 23 2021

It seems that every day brings some news of yet another cyber incident involving loss of data, assets and ultimately, loss of finances. As new laws and regulations regarding cybersecurity and data protection come into place, staying out of that circle of companies devastated by a cyber attack is the logical thing to do. Not only do companies want to stay out of the lurking media that is searching for the next big news report, but also to have a concrete plan to deal with a cyber incident as well.

Cyber Security Response Plan

It is a complex process to start, but once in the works, a solid cyber response plan (CRP) can make or break your business success. For that reason, companies are hiring record number of security personnel who are qualified enough and skilled to sort out the details and plan for a breach that is bound to happen sooner or later. Before diving deep into what the CRP should focus on, we must clearly define what exactly cyber security incident is.

A cyber security incident is a clear violation of one company’s wide range of cyber security policies that pose a great threat to computer systems and the entire information system. In other words, destroying, manipulating, invading, hacking or disabling any information systems that lead to negative impact to the company’s reputation, data and intellectual property can be classified as a cyber security incident.

In order to manage the widening and increasingly rising presence of cyber-attacks, a solid CRP needs to be put in place to protect the company from a severe reputational loss and avoid hefty fines from regulators.

So what exactly is a CRP? It is a comprehensive and systematic document that clearly defines methods, procedures and the approach to managing situations where a cyber incidents arise. The main purpose of the plan is to identify an incident, respond to it, contain the spreading, remediate the problem and eventually eradicate the threat actor altogether. The key to every successful response is determining the root cause of the incident along with lessons learned, in order to make sure the company doesn’t allow the same incident to occur twice.

Previous

Ransomware is here to stay in 2020- 2/2

Next

The 4 main errors in employee cyber security

Check Also

Widget

Don’t Miss

Cyber Deal Update: Upstream Security, Hunters, build.security

Khushi Arora

Upstream Security and Hunters complete Series C and Series A funding rounds, respectively. Elastic NV acquires build.security. Funding Upstream Security, an Israeli provider of automotive cybersecurity and a data analytics platform for connected vehicles, has closed a $62 million Series C funding round led by Mitsui Sumitomo Insurance, along with new investors I.D.I. Insurance, NextGen […]

Cyber Deal Update: Loop Secure, Intelligent Automation, Blumira

Khushi Arora

Tesserent acquires Loop Secure to complement its own services, and BlueHalo merges with Intelligent Automation. Blumira completes a Series A funding round. Mergers and Acquisitions Tesserent, an Australian network security company, has announced its intent to acquire Loop Secure, a provider of managed security services, governance risk and compliance, and offensive security services also based […]

Cyber Deal Update: FHIRBlocks, InfoSum

Khushi Arora

Healthcare cybersecurity company ConsenSys Health acquires FHIRBlocks. InfoSum and Monte Carlo close a Series B and Series C funding round, respectively. Mergers and Acquisitions Otava, a Michigan-headquartered cloud solutions provider, has announced its acquisition of NewCloud Networks, a Colorado-based cloud computing services provider. The acquisition provides Otava a product portfolio that includes security services, cloud […]

Cyber Deal Update: Carve Systems, Baffle, Certik

Khushi Arora

iVision acquires Carve Systems, Baffle closes a Series B funding round, and CertiK closes adds to its Series B funding round announced last month. Mergers and Acquisitions iVision, a Georgia-based provider of IT infrastructure and application solutions, has acquired Carve Systems, a New York-based cybersecurity company that provides security testing, security engineering, and security strategy […]

Cyber Executive Moves: Aegon Asset Management, Tego Cyber

Khushi Arora

Aegon Asset Management hires former COO of MN and Tego Cyber gains a new CISO. Aegon Asset Management, based in The Netherlands, has appointed Nicole Grootveld-Sandig as its chief technology officer. Grootveld-Sandig joins Aegon from the Dutch specialist pensions management company MN NV. Tego Cyber, a Nevada-based developer of cyber threat intelligence solutions, has hired […]

Cyber Deal Update: Appriss Insights, Espagon

Khushi Arora

Equifast acquires data analytics company Appriss Insights, while Cisco acquires observability provider Espagon. Mergers and Acquisitions Equifax, an Atlanta-based global data, analytics and technology company, has announced its acquisition of Appriss Insights, a Kentucky-based information technology company providing customized solutions to enhance security and financial processes for businesses, for $1.825 billion. “We are extending the […]