As processes are automated and devices become smarter, it’s nearly impossible for organizations not to have an online presence. Unfortunately, any digital footprint leaves your network vulnerable to a cybersecurity incident. Cybercrime is a $1.5 trillion industry. Over the past five years, this malicious activity has resulted in companies losing $2.9million every minute.
When an attack or breach occurs, organizations are left scrambling to respond, retain stakeholder confidence and comply with Security Breach Notification Laws. Having a crisis communications plan specifically for a cyber security incident can protect your reputation when the pressure is on.
Regular updates show that the company is committed to protecting its customers and rebuilding trust. This information provides an opportunity for the company to show leadership in the face of a challenge. By openly sharing information about the incident and the steps to resolve it, the company can demonstrate its dedication to its customers and its commitment to safeguarding their information.
Know the Regulatory Requirements
Depending on the industry, specific laws and regulations must be followed in the wake of an attack. Failing to comply with these requirements can lead to steep fines and other penalties – and further damage to the company’s reputation. In some cases, it may even be necessary to notify customers or other stakeholders about the incident. Staying up to date on regulatory issues is critical.
In the wake of a cyber-attack, companies need to take stock of their vulnerabilities and make changes to prevent future attacks. This may involve strengthening security protocols, increasing employee awareness and training, and improving communication and collaboration between different departments. By taking these steps, companies can reduce the risk of suffering another cyber-attack and help protect their data and reputation.
Cyberattacks will be a growing concern for all organizations, no matter how small the company. Developing your plan for communicating during a crisis can help you stay ahead of the curve and ensure that no matter what happens – good or bad – you come out on top!