A study by the National Cyber Security Alliance shows that over 60 percent of the business hacked loses their business within six months. The significant damage was done in cyber-attacks because of the organization’s inability to respond, as they have not developed a cyber-response and prevention strategy. If your e-commerce system, customer data, mail, or website suddenly becomes inaccessible due to an attack, can you able to get back up and running within minutes, days, or at all? That depends on your company’s level of cyber resilience. Here are the significant steps an IT support company near me can develop efficient cyber resilience for your business.
The most common way to define cyber resilience is the ability of an organization to minimize the impact of security incidents. It is a broader approach that surrounds business continuity management and cybersecurity strategies. There are two primary components of cyber resilience – the first one emphasizes preventive measures such as reporting threats and continuous monitoring. The second one is to develop appropriate response plans during a cyber-attack. Sadly, the majority of the businesses collapse at this crucial second step.
Develop cyber resilience: Assessing the risks
Before implementing an incident response plan, you first have to assess the risk to which your organization can be exposed. There can be multiple risks, including strategic ( failure in implementing business decisions that are associated with strategic goals), compliance (violation of regulations, rules, or laws), and reputation ( negative public opinion). Apart from these risks, other risks include operational (loss resulting due to failed systems, people, internal procedures, etc.) and transactional (issues with product or service delivery). For conducting a risk assessment, you need to understand your business processes, such as the type of data you are using and where this information is stored. The next step is to identify potential threats like misuse of information, unauthorized access, data loss, disruption of productivity or service, and unintentional exposure of information or data leakage. Typically, you have to look at numerous categories of information for assessing your business’ vulnerabilities adequately. It would be best to consider the following controls: data center environmental and physical security controls, user authentication and provisioning controls, organizational risk management controls, and operations controls. Daily assessments of risk are a crucial part of a business, and the IT support company near me will review them regularly. Once the first risk assessment is completed, the next step is implementing an incident response plan.
Developing an incident response plan
The objective is identifying the attack, containing the damage, and eradicating the root cause. When your company responds to an incident instantly, it can reduce losses, restoring services and processes, and mitigating exploited vulnerabilities. It is essential to build an incident response team and outline their responsibilities and roles. Also, there should be policies for implementation in the wake of a cyber-attack and a communication plan. The damage has to be mitigated, including quick response and long-term containment, such as installing security patches on affected systems. It is also crucial that the affected systems be restored to working conditions and monitor the network system to ensure that such incidents do not happen again.
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