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URL: https://www.fox-it.com/nl-en/the-guide-to-cyber-incident-response-planning/
Submission: On January 31 via manual from NL — Scanned from IT

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Cyber Security NCC Group Resource Hub articles


THE GUIDE TO CYBER INCIDENT RESPONSE PLANNING


Guides & Datasheets Incident Response (IR) Manufacturing Healthcare Government
Education Banking & Finance

> On a global scale, the average cost of a data breach in 2020 was estimated at
> $3.86 million.
> 
> 
> 
> The Guide to Cyber Response Planning NCC Group


DOWNLOAD THE FULL GUIDE TO CYBER INCIDENT RESPONSE PLANNING

Download The eBook


ON A GLOBAL SCALE, THE AVERAGE COST OF A DATA BREACH IN 2020 WAS ESTIMATED AT
$3.86 MILLION.

Cybercrime is a frequent occurrence in today's world. Hackers attack every 39
seconds, meaning that a cyber attack takes place 2,244 times a day. And these
attacks are not just a threat to large companies - 43% of breach victims in 2020
were small businesses.

In spite of the intensity of attacks, 77% of security and IT professionals
worldwide indicate that they do not have an incident response plan applied
consistently throughout the company. This may negatively impact the amount of
time it takes to identify and contain a breach, which in turn increases the cost
of a breach. The average time to identify and contain a breach in 2020 was 280
days. However, research by the Ponemon Institute indicates that a breach with a
life cycle under 200 days costs $1.2 million less than one with a lifecycle of
more than 200 days.

The situation for businesses if further complicated by the challenges and
increased vulnerabilities that have been brought on by the growing use of remote
working across the globe.

According to research done by the Ponemon Institute, 76% of respondents whose
companies have shifted to remote work expect that working from home could
increase the time it takes to identify and contain a data breach. Additionally,
70% of respondents expect that remote working could increase the cost of a data
breach.

Clearly there is a disconnect between business' experience and concern about
cyber security threats, and their understanding and ability to implement
effective preventative measures. The most significant barriers to good cyber
security practices are typically:

 * A lack of dedicated IT security staff, as well as difficulty recruiting cyber
   talent
 * Insufficient planning for and response to cyber incidents
 * A failure to identify weaknesses, or uncertainty about where to begin
 * Underestimation of cyber security risks
 * Limited understanding of their own cyber security posture

 


THE REALITY OF CYBERCRIME IS THAT IT'S MORE LIKELY A CASE OF WHEN AND HOW BAD AN
INCIDENT WILL BE FOR AN ORGANIZATION, RATHER THAN IF IT WILL OCCUR.

And while you can't control when an attack will happen, you can limit its impact
through effective preparation and a detailed incident response plan.


COMMON CYBER THREATS

Three of the most common cyber threats to organizations are malware,
phishing, and ransomware.

Malware is malicious software, including viruses, spyware, trojans and worms,
designed to access important information, take control of a person's computer or
spy on them.

Phishing is the use of fraudulent emails to trick victims out of money or
information, or into downloading malware. The emails will mimic individuals or
organizations that the person knows and trusts.

Ransomware is a type of malware that locks down your computer or files until a
ransom is paid. They usually gain access via a legitimate-looking email link or
attachment and often ask for payment in cryptocurrencies.

While every organization should prepare for cyber threats such as these, this is
especially important if your business falls into one of the most at-risk
industries for cybercrime: healthcare, manufacturing, financial services,
government agencies, and education.

These industries are highly targeted for a number of reasons, including the
personal data and intellectual property they hold, the amount of money they
handle and the impact that their service disruption would have on a society or
State.

Preparing for a cyber incident

It's important to first review preventative measures when looking to reduce the
risk of a cyber attack. However, as previously mentioned, the likelihood of
businesses experiencing a cyber incident is high, so effective risk management
must also include a cyber incident response plan and team.

In this guide, you'll find information to help your business prepare for and
limit the impact of a cyber incident, including:

 * How to create a cyber incident response plan
 * How to use the PICERL methodology to map out the most effective incident
   response for your business
 * How to protect your business' reputation during and following an incident
 * Common legal consequences to consider following an incident
 * With war stories from the NCC Group archive showing you real-life cyber
   attacks and how they were mitigated.


LEARN MORE ABOUT INCIDENT RESPONSE PLANNING

Read the rest of The Guide to Cyber Incident Response Planning by downloading
the PDF, or reach out to one of NCC Group's Incident Response experts. Call us
before you need us.

Download The Guide Reach Out

Call us on:

General Number: +31 (0)15 284 79 99 24/7 Emergency Indicent Response: +31 (0)800
369 23 78
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