News

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...
02/11/2017 14:06
While cyberattacks and data breaches at Fortune 500 companies tend to dominate the headlines, America’s more than 28 million small businesses and their 56 million employees are increasingly...
29/10/2017 15:12
October 2017 PartnerRe and Advisen are proud to release a white paper that features the results of a comprehensive survey of the evolution of the market for cyber insurance, both first- and...
24/10/2017 17:01
New York, 24 October 2017 Specialist insurer Beazley’s third quarter 2017 Breach Insights report released today 24 October reveals the rapid growth of social...
22/10/2017 08:10
On 14th of April 2016 the European Parliament adopted the new General Data Privacy Regulation ("GDPR") The GDPR is a Regulation by which the European Commission intends to strengthen and...
19/10/2017 06:50
As the May 2018 implementation of the European Union’s General Data Protection Regulation approaches, cyber risk has become the top concern of a majority of executives in a Marsh survey. A global...
18/10/2017 07:42
The eHealth Forum expands beyond its annual event to accommodate a larger ecosystem with growing needs and flourishing activities, including monthly meetups, event missions, business...
17/10/2017 10:04
All organizations face the reality that data breaches have become inevitable. And the stakes are high: you hold personal data in trust for your customers, employees and patients. The volume of...
17/10/2017 07:21
The EU General Data Protection Regulation (GDPR) is the most significant overhaul of privacy law in a generation, introducing sweeping changes to Europe’s data protection and privacy rules. It...
11/10/2017 11:05
NetDiligence®, a leading provider of cyber risk readiness and response services, announced today it has published its seventh annual Cyber Claims Study, a study of actual losses for data breach...
07/10/2017 15:43
In a room full of people selling boxes to help with GDPR compliance, SC was told there is no box that can make you GDPR compliant.   Will money solve the problem of...
04/10/2017 16:11
Brokers and comparison engines haven’t always gone hand in hand – from Gocompare to Moneysupermarket, the big comparison websites have widely been viewed as taking business away from the...
03/10/2017 06:11
October 2017 is European Cyber Security Month and this year marks the 5th year anniversary of the European Cyber Security Month campaign. Over 300 activities to promote safety online will be taking...
02/10/2017 21:26
Cybersecurity, as many organizations practice it today, is broken. Everybody is feeling the pressure as competitors and partners alike dread a breach. Leadership can’t be left in the dark due to...
29/09/2017 11:32
The global premium volume for cyber insurance is set to grow six- to eightfold within a decade, Fitch Ratings Inc. said Wednesday, driven by such incidents as the breach at credit monitoring agency...
24/09/2017 07:35
Upcoming GDPR legislation strategy is proving elusive for SME business owners, and security of metadata is still under-acknowledged. New research has revealed that two thirds of SME business owners...
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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