News

05/09/2014 07:10
Cyber crime has almost doubled in recent years, according to a new survey Cyber risk in its various forms is one of the growth areas for the insurance industry. It's no big mystery as to why. Every...
05/09/2014 06:56
Insurers lack data, tools to price new policies with confidence, according to Novarica report. Corporate interest in cyber liability insurance continues to gain momentum, and could strain an already...
04/09/2014 06:57
The status of the proposed EU General Data Protection Regulation is still up in the air at the moment, but there is a greater sense of optimism around that the reform agenda will complete fairly...
03/09/2014 05:03
As more organizations consider cyber-insurance coverage in light of high-profile data breaches, such as those at JPMorgan Chase,Community Health...
01/09/2014 21:08
Pro: Sarah Stephens, head of cyber & commercial E&O at Aon Risk Solutions EMEA  Insurance can and should cover non-criminal privacy-related regulator fines. Most insurers will write into...
01/09/2014 07:12
As the FBI and US Secret Service investigated the scope of recent cyber attacks on US financial institutions, America's largest banks said Thursday that they hadn't seen any unusual fraud activity...
31/08/2014 07:42
Mind Change: How Digital Technologies are Leaving their Mark on our Brains. By Susan Greenfield. Rider; 368 pages; £20. Buy from Amazon.com, Amazon.co.uk   A PICTURE doing...
30/08/2014 21:53
Cyber security is hardly a new concept. After all, Symantec Corp.(SYMC ) has been selling its flagship Norton antivirus software for over two decades now. But more recently, cyber security...
30/08/2014 17:36
  Many corporate deals can unwittingly void important cyber coverage. So, it needs to be considered early in any possible deals. Although many people think of cyber insurance when confronted...
30/08/2014 10:16
Traffic is chaotic enough in major cities, but imagine how much worse it would be if a criminal hacker got control of the traffic lights. That Hollywood scenario is what researchers at the University...
29/08/2014 17:14
(Reuters) — JPMorgan Chase & Co. is investigating a possible cyber attack and working with law enforcement authorities to determine the scope, a company spokeswoman said on Thursday morning. The...
29/08/2014 17:08
Cyber security is gaining more serious attention , especially as new OpenSSL vulnerabilities are announced. Two new vulnerabilities were revealed recently, both of which allow malicious...
26/08/2014 22:00
The recent hack and subsequent data loss by US retailer Target involved the personal information of at least 70 million customers, including names, phone numbers, email and mailing...
24/08/2014 16:49
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...
23/08/2014 10:01
UK spending on cyber insurance is set to boom over the next five years as businesses try to offset the potentially disastrous effects of data breaches and hacks. Barbican Insurance underwriting...
23/08/2014 09:56
Driverless cars are set to be the biggest disruptive innovation of the early 21st century. With this in mind, senior risk manager Rahul Gumber has compiled a white paper offering his own personal...
23/08/2014 09:52
As banks become more sophisticated and effective at defending themselves against attack, the focus of much cyber crime is changing. Increasingly, insurance companies are becoming the target. The...
21/08/2014 18:22
With cyber insurance a relatively new market, issues are arising in various areas – many from the non-standard wordings in policies themselves. Perhaps the most talked about British Insurance Law...
21/08/2014 18:10
Nick Gibbons explains why the government’s recently launched Cyber Essentials Scheme – aimed at improving protection against cyber attacks – is so significant for the insurance industry. The Cyber...
20/08/2014 17:35
While still a relatively immature industry, cyber insurance can reduce the costs of recovering from a breach, and, as Tony Morbin reports, it can also play a role in driving adoption of best...
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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