Cyber Breach Response That Actually Works

Introduction

Cybersecurity has taken the media by storm in recent years, and cyberattacks are now headline news, from destructive ransomware attacks that impact manufacturing plants to data breaches that involve Fortune 500 companies.

Organizations have experienced notable disruptive cyberattacks in recent years. A ransomware attack on a global shipping company, A. P. Møller – Mærsk, wiped out their entire IT infrastructure across 600 sites in 130 countries. As a result of the cyberattack, Maersk had to rebuild their entire infrastructure in a heroic effort over 10 days. The total losses are estimated to have cost Mærsk up to $300 million.¹

The National Health Service (NHS) in the U.K. incurred a cost of £92 million ($120 million) as a result of the WannaCry ransomware outbreak in June 2017. The cyberattack also resulted in the cancellation of 19,000 appointments.²

There are also numerous examples of data breaches resulting in significant financial losses, damage to brand reputation, and fines imposed by regulators. One of the most significant data breaches in recent years was the Equifax breach that led to the disclosure of personal data of 145 million U.S. consumers, including Social Security numbers, credit card information, addresses, and birth dates.³

As businesses and other organizations increase their digital footprint and online presence, the need to secure their information assets is more critical than ever before. The Ponemon Institute's Cost of a Data Breach Study ...