News

19/10/2014 07:16
Earlier this year, hackers attempted to access the Office of Personnel Management’s database files of thousands of workers seeking high-level security clearances. It wasn’t the first such cyber...
18/10/2014 05:29
Cyberspace is constantly evolving and presenting organizations with new opportunities, as the desire of businesses to quickly adopt new technologies, such as using the Internet to open new channels...
12/10/2014 21:59
Cyber insurance helps tame the significant costs of a cyber attack and/or data breach by offering coverage for Public Relations, forensics investigations, breach notification mailings, call...
10/10/2014 21:46
Insurers flush with capital are rushing to grab part of an expanding cybercoverage market that’s been spurred on by high-profile hackings at JPMorgan Chase & Co. andHome Depot Inc. Sales are...
09/10/2014 04:43
Having comprehensive cyber risk policies that are not followed can be as detrimental as not having a policy at all says Peter Given.Good who advises that good risk-insurance will demand appropriate...
07/10/2014 19:42
No director or officer can effectively carry out their duties today without considering the possibility of a cyberattack disrupting or damaging their company, and the fact that they will be the...
07/10/2014 06:39
Many off-the-shelf cyber liability policies feature a broad range of exclusions that won't protect your company from a data breach or ransomware attack.   The growing exposure from data...
05/10/2014 09:24
In light of businesses increasing usage of information assets and advancing technology insurers are pulling away from cyber coverage, according to Kevin Kalinich, global practice leader of cyber risk...
04/10/2014 12:25
In the wake of recent mega data breaches, it comes as no surprise that companies are working harder than ever to prepare for an inevitable data breach incident. Enterprises of all shapes and...
03/10/2014 05:05
As European authorities aim to ratify revised data protection legislation by the end of 2015, many firms will have a lot of work to do to comply, a study has revealed. If all goes according...
30/09/2014 06:30
  Looking at application forms for cyber insurance suggests four basic steps that can reduce exposure to data breaches. As we approach the close of 2014, virtually no one needs to be reminded...
29/09/2014 21:50
Major retailers should expect higher rates and retentions and lower coverage limits for their cyber insurance following several major data breaches since spring 2013, but much depends on persuading...
28/09/2014 14:51
The Ponemon Institute released the 2014 results from their second annual survey on data breach preparedness sponsored by Experian on Wednesday, and some of the trends were...
27/09/2014 09:23
The growth of the Internet of Things brought the attention of the European data protection regulators that through the European data protection advisory body, the Article 29 Working Party, issued...
27/09/2014 06:37
  With data breaches making headlines the world over, awareness about the importance of having technologies and governance practices in place to respond to such incidents should be at an alltime...
26/09/2014 06:46
If major technology companies decide “flex their corporate muscles” in the insurance sector, it could change the playing field for everyone involved, KMPG has warned.The industry is already fighting...
23/09/2014 07:04
The risk of data breach may not be on the radar screen of an entity engaged in contract negotiations with vendors who, in the course of their work, will have access to or possession of the entity’s...
23/09/2014 06:48
EU financial regulator the European Insurance and Occupational Pensions Authority (Eiopa) has called on continental regulators to check that insurers and other financial institutions devote...
23/09/2014 06:41
The Massive & Ever-Increasing Risk 2014 has seen one massive data breach after another, affecting industries and organizations of every type. One recent report indicated an Eastern European...
21/09/2014 19:52
Retail giant Target got an unusual amount of air time over the holiday season last year. Unfortunately for them, it was not due to their engaging commercials. Their positive consumer appeal was...
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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