Communicating after a Cyber Attack
Organizations of all sizes are at risk for cyber attacks that can cripple operations and cause lasting damage. Businesses must have a plan in place for communicating with customers in the event of an attack so as to minimize losses. We are happy to share some information from our partners at Pronto Recovery about planning your communication and response after a cyber attack. The costs of a cyber crime The price tag of a security breach is staggering, with an average cost of $1.2 million. Cyber crime will cost the world in excess of $6 trillion annually by 2021 and financial costs are not the only consequences. Ransomware attacks are the #1 cyber threat to businesses and are growing at a yearly rate of 350%. These often start with a simple phishing email and can lead to the complete shutdown of business operations. One-third of companies surveyed claimed their company lost intellectual property due to a cyber-attack and 36% of them believe the attack reduced their competitive advantage. In today’s globalized business environment, organizations of all sizes face the prospect of falling victim to a cyber-attack or IT outage that could cause serious damage to its infrastructure and ability to operate. Despite the improvement of cybersecurity techniques, criminals continue to develop sophisticated ways to disrupt systems and steal data. The need to prepare for cyber-attacks is more important than ever. According to Cisco’s 2017 Annual Cybersecurity Report more than one third of the organizations that experienced a cyber breach in 2016 reported a loss of customers, business opportunities and [...]
