Saturday, March 25, 2023

7 tips for contingency planning if your company is the victim of a cyber attack

  • Increasing hyperconnectivity around the world and an increase in cyber attacks reveal the need for companies and individuals to better protect their data.
  • Cyber ​​attacks will still be common in 2023, but there are ways to prevent or counter the damage caused by one.
  • We present seven steps any company can take to create a contingency plan in case it becomes the victim of a cyber attack.
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The hyperconnected world we currently live in, and the constant risk of cyber attacks, highlights the importance of protecting your data for any company or individual.

According to Fortinet, every company faces an increasing cyber-attack landscape – especially with the advent of new digital technologies, the sustainability of hybrid and remote work models, and more and more critical applications in the cloud.

In fact, in the first half of 2022 alone, 85 billion cyberattacks were attempted in Mexico, according to data from FortiGuard Labs, Fortinet’s threat intelligence arm.

“An incident related to data theft can have serious consequences, not only legal, but also at the level of reputation. This will inevitably affect the operations and, therefore, the finances of a company,” says Eduardo Zamora, Country Manager for Fortinet Mexico. Will happen.

“Having a unified cyber security architecture that covers every network access point and avoids complexity by unifying management and control for greater visibility is critical to reducing risk and response time to a potential breach.”

While data breaches will increase, the important thing is that companies are prepared to prevent or deal with their losses.

With that in mind, Fortinet shared with Business Insider Mexico seven steps any company can take to create a contingency plan in case it becomes the victim of a cyberattack that compromises its data.

How to protect your company from cyber attack

  1. The first step is to create an inventory to determine which data and resources were compromised during the cyber attack; As well as the business processes affected by it. It should also be analyzed which architecture systems were infected.
  2. It is important to review which regulatory requirements must be met. As a general rule, critical data should be stored offline for at least one year.
  3. Review which local authorities and regulatory bodies need to be involved. This is important for highly regulated companies, such as those in the banking, mining or energy sectors. Failure to do so can result in significant fines.
  4. Collect all possible evidence in case the incident leads to legal consequences.
  5. Since compromised systems will need to be quarantined, it is important to have redundant systems so that forensic analysis can take place. Quarantine capabilities are critical to preventing the spread of a cyber attack.
  6. There are technical tools that allow the IT team to track the path of a cyber attack towards the company. That way it can be countered and isolated, as well as identify which other systems have been compromised.
  7. Finally, it is essential to provide training and raise awareness on cyber security issues to all employees of the organization; It doesn’t matter which department they belong to or what their status is. In this way, not only can cyber attacks be prevented, but there is also a human shield that helps in detecting and reporting any irregularities.

Fortinet says companies should focus their efforts on deploying an integrated digital security and network architecture that emphasizes incident prevention and response, as well as artificial intelligence resources to mitigate the potential impact of a data breach. takes advantage of.

now read: It is more important than ever to establish a common cyber security law in Mexico

Read also: These are the 7 cyber security predictions for Latin American companies in 2022

discover more stories Business Insider Mexico

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Nation World News Desk
Nation World News Desk
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