News

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...
24/09/2017 07:25
Gemalto, a provider of digital security, has released findings from the Breach Level Index, a global database that tracks data breaches and measures their severity. According to a press release, the...
20/09/2017 06:01
As reports about cyber risk in the press and board agendas abound, companies are looking to manage that risk. Even with mitigation, risk always remains.   A cyber insurance program covering...
14/09/2017 11:37
How Europe's General Data Protection Regulation (GDPR) impacts cyber insurance.   Beginning on May 25, 2018, the European General Data Protection Regulation (GDPR) will go into...
13/09/2017 10:47
Businesses now have less than nine months to prepare for the EU General Data Protection Regulation (GDPR), which overhauls a data protection regime dating from 1995. The GDPR becomes effective across...
11/09/2017 11:22
The hotel industry is considered one of the most vulnerable to data threats. According to Verizon’s 2016 Data Breach Investigations Report 1, the hotel industry accounts for one of the highest number...
11/09/2017 09:54
Time Warner Cable, now known as Spectrum, became the latest company to realize exactly how vulnerable its data is when a third-party vendor entrusted with its safety made an error exposing millions...
11/09/2017 09:52
By now you know that credit reporting agency Equifax was hacked, and with it, potentially 143 million Americans social security numbers, birth dates, and then some. Unless, according to the...
11/09/2017 09:46
Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the...
07/09/2017 09:08
The EU’s landmark General Data Protection Regulation (GDPR) has the potential to set a new gold standard for data protection – considerably improving protections for consumers in the EU and...
01/09/2017 09:28
In the wake of WannaCry and other ransomware attacks, risk professionals view cyber extortion as the leading first-party exposure for their organisation. That is one of the findings of the 2017 Rims...
25/08/2017 15:29
Organizations with standalone cyber insurance policies increased three points from 2016 to 83%, according to the 2017 RIMS Cyber Survey. “Risk professionals’ continued to show confidence in...
23/08/2017 11:44
The impacts of high profile cybercrime incidents like WannaCry and Petya continue to ripple through the insurance industry and the wider economy. Not only have these massive hacks prompted an...
21/08/2017 15:42
Experian Data Breach Resolution and Ponemon Institute Find Organizations Are Not Ready for Global Security Risks and Regulations Only 9 percent of companies are prepared for the Global Data...
09/08/2017 08:06
The workforce of the 21st century is priming itself for an automated future, and the consequences that follow: a shift toward strategic collaboration with intelligent software that will deeply...
02/08/2017 07:42
Beazley, a pioneer in cyber and data breach response insurance, today released its Beazley Breach Insights findings based on its client data in the first six months of 2017. Ransomware...
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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