Could a Data Breach Close You Down?

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Could a Data Breach Close You Down?

 

Ransomware may be king of the cyber threat jungle right now thanks to the colossal attacks recently on the Colonial Pipeline and the JBS meat processing titan, and the whopping $15 million in ransoms they paid, but data breaches and PII exposure can't fall off the radar. Data breaches still close down over 60% of the organizations which are successfully victimized. And with the pandemic lockdowns having shifted us to even more reliance on digital assets, regular threat assessments, penetration testing and emergency incident response have never been more important to the success of an organization.

The costs to businesses stemming from even one successful data breach can be immense, and the fallout can hit a company on many fronts.

Stolen Secrets - First there is the cyber espionage factor. Competitors and other corporate enemies may get their hands on valuable intellectual property, like design plans, manufacturing secrets and the like. There is really no limit to the damage which can be caused when a competitor beats you to market with your own ideas, processes and procedures.

Broken Trust - Then there is the trust factor. Clients, vendors and investors can be a fickle bunch. When you’ve been compromised, they’ve been compromised, and unless you can prove to them you were not sleeping at the wheel and took every measure possible to protect them and their data and quickly identified and thoroughly rectified the problem, they’ll just hop over the fence to that competitor’s pasture, which in their mind must be greener. But with the right approach, you'll find even this fickle bunch are not totally unreasonable regarding the realities of cyber security.

I'll Take That - Next up of course is cold, hard cash, yours and everyone else that may have trusted you with PII (Personally Identifiable Information), like account numbers, Social Security numbers, or anything else that could help an attacker commit theft and/or fraud, and this certainly does circle the wagons back to the trust issue in a hurry.

Compliance Nightmares - Then, to wrap it all up with a nice big bow, you’ve also got regulatory agencies to deal with, and the teeth of sanctions and fines they can bring to bear.

Add it all together, and the costs can be crippling.

The big Three - Assessment, Testing and Response.

While the costs associated with a successful breach continue rising, the fundamentals needed to help organizations survive the onslaught remain relatively consistent when it comes to surviving a data breach and its aftermath, and we help clients on all those fronts. We start with a thorough cyber threat assessment which takes into account a client’s unique needs, digital architecture and data work flow, reviewing policies and procedures, and helping them strengthen them, or create them from scratch if none are present. The threat vectors that are problematic for one industry or organization may not be a high priority for another. Our broad expertise lets us tailor the assessment to illuminate the right problem areas for any client.

Next is our comprehensive penetration testing, which is basically us taking the role of real-world hackers and trying to infiltrate the network using a wide variety of tools and techniques, from social engineering strategies, to sophisticated phishing and spear phishing campaigns. We have many tradecraft tricks up our sleeves, just like real hackers do, and so far we have never failed to compromise our target. Our successes will only help to spotlight weakness in the client’s cyber security posture so they can be significantly improved, but a real hacker’s success could cost the client everything.

Emergency incident response is next on tap, and is probably the most vital piece of the data breach puzzle. Our extensive experience in network forensics and security, as well as our ‘No Retainer Policy,’ make it both cost-effective and simple to ensure your organization has a response team standing by to handle the problem, mitigate the damage and ensure regulatory compliance, all with absolutely no downside or unnecessary expenses. It just doesn’t get any easier than that to have professional, experienced assistance you can rely on in the event the unthinkable happens. Experienced emergency responders can also help businesses avoid the extremely costly pitfalls of "over-notification" by helping to quickly determine exactly which records were compromised and exactly who should be notified about the event, because as with most things in life, unnecessary excess typically doesn't lead to a happy ending.

To survive and thrive in the digital arena and reduce the potentially debilitating impact of successful cyber intrusions and data breaches, the decision to take control of cyber security responsibilities and emergency incident response is both crucial and necessary.

So don’t wait until it’s too late to get started, and remember, GDF is always here to help your organization navigate the perils of the digital world, and should the unthinkable happen and your organization does become a victim of cyber attackers, call us at 1-800-868-8189 immediately, we have emergency responders standing by.  

*Global Digital Forensics is a recognized industry leader in the fields of computer forensicscybersecurity and emergency incident response, with years of experience assisting clients in the government, banking, legal, healthcare, education and corporate arenas. For a free consultation with a Global Digital Forensics specialist, call 1-800-868-8189 about tailoring a cost-effective plan which will meet your unique needs, without wasting resources on solutions you simply don’t need. Emergency responders are also standing by 24/7 to handle intrusion and data breach emergencies whenever and wherever they arise. Time is critical if a cyber incident has occurred, so don’t hesitate to call 1-800-868-8189 for immediate help. For more information, visit GDF's cybersecurity page.

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