Since 2020, businesses have started investing up to 14% of their budget in cybersecurity. This number will only increase in the coming years as we are coming face to face with the consequences of the russia-Ukraine war.
What are the main points of cybersecurity in a crisis situation and how to build an effective system?
In this article, we'll cover:
What Is a Cybersecurity Crisis?
A cybersecurity crisis is an event that can result in serious financial, reputational, or even existential damage or destabilization for a business.
Being Crisis-Ready: What Does It Take?
A cyberattack takes place every 39 seconds. It can happen to virtually anyone. Assessing the risks, preparing a proper response and coming up with special cyber fortifications is the first step in preparing for the crisis.
To survive a cyber crisis, any business has to be prepared to deflect it. That means:
- Hire talented professionals and prepare plans of efficient implementation of their skills in a crisis.
- Implement the best technologies and keep your systems up to date.
- Train your team and communicate any changes in the security policies to them clearly.
- Never stop improving your systems and approaches to the issue.
With 68% of business leaders saying the cyber crisis is getting worse, taking necessary steps and precautions to protect a business from an attack becomes more vital.
65 out of 100 top US banks have failed their cybersecurity testing. The numbers are even bigger with small businesses, startups, and companies with lower cybersecurity requirements.
The average breach might cost up to $4 million. Regular system tests and updates cost much less and can save business from leaks and monetary and reputational damage.
A crisis-ready business takes steps to prevent and minimize the chance of a breach. It also develops response plans to prepare for any outcome.
Building a Response Plan
Involve Senior Management
Members of the senior management are not only involved in the high-stakes decision-making. They also have access to a lot of files with sensitive information. Losing them can cause troubles for both the company structure and clients.
Involving senior management in the cyber crisis response plan would help retain the confidentiality of the information and the safety of the client base. The senior management should be involved in developing the plan, testing, educational processes, and cybersecurity audits.
❗️ Remember: cyber crime knows no limits and recognizes no titles. 100% of the team should be involved in its prevention.
Putting the crisis management plan to the test will help strengthen the plan and get rid of all the gaps that might cause trouble and leaks in the future.
Developing a ‘muscle memory’ by involving the team in the process is also a must. This way, the team knows what to do and will not freeze in case of an attack.
☝️ Note: the plan is not ready or effective unless it is properly tested and proven to work.
Educate the Team
Apart from involving the team in testing, you should also educate everyone about cyber crises:
- Regularly inform the team about different types of attacks and the ways to deal with them.
- Test and see whether the team will react to suspicious emails.
- Answer every question clearly and conduct regular security talks.
- Always keep the team in the loop on the news and updates of the cyber world. This way, detecting new viruses and attacks will be easier for everyone.
An educated team is safe and prepared for anything.
Use Only Essential Systems
Average businesses need to use:
- Accounting software
- Project management software
- CRM systems
- Messengers and communication software
- Sales, PR, and marketing software
Once again, put testing skills to… well, a test. Seek the most secure software, or develop it yourself. This will help ensure the software used by the team will not become the reason for the leak.
Know What to Use and When
The right place, the right time — this is the only way to prevent or deal with the consequence of a cyber crisis. Select the software needed for successful prevention of the breach, as well as the one that will deal with its aftermath. Use it only when appropriate.
Cybersecurity — What to Expect
Cyberattacks are not expected to die out any time soon. Apart from implementing the best and most secure plans, global businesses can stay secure by selecting business partners that have the highest cybersecurity standards in place.
🔐 SupportYourApp is PCI DSS and ISO 27001 certified. Our team undergoes constant Security Awareness training. We all support the highest standards of customer support and keep the data of all our clients’ customers at its most secure.
Anna has been working as a writer for 6 years. She previously wrote about financial markets, conducting the research on the state of bonds and stocks on a daily basis. She is a keen reader with interest in historical literature and international cuisine. Her latest obsession — customer communication and ways to perfect it. If you want to connect with Anna, follow her on LinkedIn.Posted on