News

17/01/2018 07:37
Following high-profile cyberattacks such as Petya and WannaCry, it’s easy to see why companies are dashing to get their hands on either technological solutions or appropriate insurance. And with a...
09/01/2018 06:48
Currently, we stand between two paradigms in the regulation and preservation of privacy. The U.S., as host to some of the world’s biggest tech giants, like Google and Facebook, relies on...
05/01/2018 14:31
It’s time for insurers to wake up to the reality of their role in protecting companies from the fallout from cyber attacks, says Dan Trueman, the global head of cyber at AXIS Insurance. The hype...
03/01/2018 10:35
As the clock moves inexorably to a new year (and our look back at the past year is complete), it is time to pick up our crystal ball and predict what 2018 will bring. In the field of...
03/01/2018 10:31
Experian's 2017-2018 Data Breach Response Guide There are “leaders” and there are “laggards” when it comes to data breach incident response planning. While some organizations are taking incident...
01/01/2018 16:36
When it comes to cyber threats and how they continue to evolve, Adam Cottini, managing director of Gallagher’s Cyber Liability practice, offers a chilling assessment: “You have the known and the...
14/12/2017 07:06
Despite a series of high-profile cyber breaches, Willis Towers Watson P.L.C. said Tuesday that experts forecast cyber insurance rate increases of up to 5% for 2018. The prediction was based on...
14/12/2017 07:04
Over the last year, we have reached a new and important turning point in the struggle to manage cyber risk. In the war between cyber attackers and cyber defenders, we have reached what Winston...
12/12/2017 08:09
While organizations understandably make significant investments in technology to defend against external cyber threats, their biggest security vulnerability is internal and hiding in plain sight:...
08/12/2017 14:07
There are four major factors in cyber security that change constantly, creating meaningful impact to business and government cybersecurity programs: Business trends and new technology...
05/12/2017 07:20
  Santa Claus had been the victim of a significant cyber-attack by hackers who do not love Christmas in order to control the naughty list he maintains with the reasoning for not sending the...
01/12/2017 07:10
It's been a pretty scary year where cybercrime is concerned, with words like ransomware, malware and spyware becoming a part of our daily lexicon. Over 27,000 cyber security incidents were reported...
30/11/2017 07:09
We rarely switch on our computers without an email containing the latest guidance, opinions, dos and don'ts, risks, or the undeniable fact that the harsh penalties which are likely to flow from the...
26/11/2017 08:23
Small-medium sized enterprises (SMEs) remain particularly vulnerable to cyber attacks, with just half of SMEs surveyed by Argo Group having purchased protection despite the drastically rising threat...
19/11/2017 10:49
The cyber insurance market has been forecast to reach almost $17 billion by 2023, growing over 20% CAGR between 2017-2023, according to P&S Market Research Global. The Banking Financial Services...
17/11/2017 16:24
There is plenty of competition in the cyber insurance market but placing a cyber product suitable for a client “can be a challenge” because different insurers offer different products, the author of...
15/11/2017 13:40
Commonality of risk assessment language in cyber insurance While several risk assessment languages and frameworks exist in cyber-insurance, the industry has yet to take steps in the direction of...
15/11/2017 07:32
New York, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Responding to a fast mutating cyber threat that has significantly raised the risks faced by small and mid-sized businesses, specialist insurer Beazley has...
15/11/2017 07:29
The influence of cyber risk on insurer ratings is likely to be gradual, Fitch Ratings has reported. Cyber insurance represents a relatively small percentage of insurers’ business and...
09/11/2017 07:50
The mass media only reports the tip of the iceberg when it comes to cyberattacks. The real cost of a cyber claim remains drastically underreported, according to Scott Pidduck, senior underwriter at...
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Cyber Rescue Ltd.

Incident Response

 The First 24 Hours Checklist 

  

Panicking won’t get you anywhere once you’ve discovered a data breach. Accept that it’s happened and immediately contact your legal counsel for guidance on initiating these 10 critical steps:

  • Record the date and time when the breach was discovered, as well as the current date and time when response efforts begin, i.e. when someone on the response team is alerted to the breach.

  • Alert and activate everyone on the response team, including external resources, to begin executing your preparedness plans.

  • Secure the premises around the area where the data breach occurred to help preserve evidence.

  • Stop additional data loss. Take affected machines offline but do not turn them off or start probing into the computer until your forensics team arrives.

  • Document everything known thus far about the breach: Who discovered it, who reported it, to whom was it reported, who else knows about it, what type of breach occurred, what was stolen, how was it stolen, what systems are affected, what devices are missing, etc.

  • Interview those involved in discovering the breach and anyone else who may know about it. Document your investigation.

  • Review protocols regarding disseminating information about the breach for everyone involved in this early stage.

  • Assess priorities and risks based on what you know about the breach.

  • Bring in your forensics firm to begin an in-depth investigation.

  • Notify law enforcement, if needed, after consulting with legal counsel and upper management

Source: Experian Data Breach Guide