Nobody is immune from cyber-attacks! In August 2021 T-Mobile had a total of 40 million subscriber, prospect, and former customer accounts hacked. The breach included names, driver’s license numbers, Social Security numbers, and device information.
In 2020 SolarWinds, a provider of system management tools, was attacked using a supply chain of attack. This method inserted malicious code into SolarWinds software as an update and all of the customers who installed the update were infected with the virus.
In March 2022 Okta, which touts itself as “The Word’s #1 Identify Platform” could not stop hackers from gaining access to information from an outsourced customer service representative. This list is not to point fingers at leading firms involved in making the internet more secure, but only to show that nobody is immune.
Is now the time to change your approach to how you handle cyber risk? Instead of spending all of your time and resources on stopping the next attack, some of your time needs to be used to address how to successfully navigate the aftermath of a cyber attack. A cyber recovery plan will empower your business to manage and recover from tacks these attacks quickly and smoothly reducing business losses while still managing a worst-case scenario.
The Department of Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) has created a free public cybersecurity archive that offers trusted advice tips and tools for managing your cyber risk. Here are several of its offerings;
- Cyber Essentials Starter Kit: A guide for small businesses implementing organizational cybersecurity practices
- Ransomware Guide: A customer-centric, one-stop resource with best practices to prevent and respond to ransomware attacks
- Risk and Vulnerability Assessment Tools: Includes infographics and reports on defensive strategies to protect against cyber attacks
- Resiliency Assessment, Resources & Communications: A wealth of resources for determining existing organizations’ resiliency and identifying gaps for improvement.
Eliminating cyber risk is not a realistic option for any business. By embracing a resilience strategy, businesses can prepare for a cyber attack and position themselves for a quick recovery. Not every business has the resources to implement all of the ideas suggested by The Department of Homeland Security but implementing as many as possible is a great start in protecting your business.
Cyber Insurance is another tool in your arsenal to become more resilient to attacks. The Trusted Choice Agents at Richey-Barrett can assist you in the placement of a Cyber Risk Insurance policy for your business so you will have additional tools for the next attack.
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