Use These Proactive Tactics to Lower the Cost of a Data Breach
The cost of data breaches continues to rise, and no organisation is immune. Being proactively prepared can help mitigate the fallout from a successful attack. After all, the best defence is a good offense. Many would argue that the best way to protect your organisation is to never get breached in the first place.
As costly as data breaches have become, there are ways to minimise the financial impact. It’s of the utmost importance to have a plan in place before an incident occurs. By being proactive, you can significantly help lower the cost of a data breach.
Train Employees on Spotting Threats
One of the most effective ways to prevent data breaches is to train employees on how to spot threats. Cybercriminals are constantly coming up with new ways to trick people into clicking on malicious links or attachments. Educating employees on how to identify these threats can go a long way in preventing an attack.
Employees should know how to spot phishing emails, for instance. They should also be aware of social engineering tactics like tailgating and pretexting. If they know what to look for, they’re much less likely to fall victim to an attack.
Conduct Regular Penetration Tests
Penetration tests, or pentests, are simulations of real-world attacks. They’re designed to help organisations find weaknesses in their defences. By conducting regular pentests, you can find and fix vulnerabilities before they’re exploited.
Pentesting can be conducted internally or by hiring an external firm. Either way, it’s important to ensure that the scope of the test is comprehensive. The goal is to find as many vulnerabilities as possible so they can be fixed before a real attack occurs.
Assess Your Readiness with A Data Breach Drill
A data breach drills are designed to help organisations assess their readiness and identify weaknesses in their response plans.
Drills should be as realistic as possible. That means simulating a breach that’s as close to the real thing as possible. Organisations should also involve as many people as possible, from the C-suite to front-line employees.
By running regular drills, organisations can ensure that their response plans are up to date and that everyone knows what to do in the event of a breach.
Implement Security Controls
Security controls are measures designed to prevent, detect, and respond to cyber threats. They come in a variety of forms, from technical controls like firewalls to organisational controls.
The most effective security controls are those that are layered and comprehensive. A defence-in-depth approach is often the best way to protect against sophisticated attacks.
Organisations should also consider their unique needs when selecting security controls. What works for one might not work for another. It’s important to tailor controls to the specific risks faced by an organisation.
Review Your Insurance Coverage
Cybersecurity insurance can help organisations recover from a data breach. It can cover the costs of things like data loss and business interruption.
Not all policies are created equal, however. It’s important to review coverage before a breach occurs. That way, you’ll know what’s covered and what’s not. You’ll also know what your deductible is and what limits apply.
Cybersecurity insurance is not a golden shield, but it can help companies weather a breach more easily. When used in conjunction with other mitigation tactics, it can play a vital role in minimising the cost of a data breach.
Backup Data Regularly
One of the most important things you can do to prepare for a data breach is to back up your data regularly. If data is lost or stolen, you’ll be able to recover it from a backup.
Backing up data can be done manually or automatically. Whichever method you choose, it’s important to ensure that data is backed up regularly. That way, you’ll have the most up-to-date copy in the event of a breach.
This may be the most important proactive tactic on this list. Without a backup, you’ll have no way to recover lost or stolen data. Data is king in the modern world and protecting it should be a top priority. Not only will your customers thank you, but your bottom line will as well.
Implement An Incidence Response Plan
An incident response plan is a roadmap for how to deal with a data breach. It should be designed before an incident occurs. That way, you’ll know what to do when a breach happens.
The plan should be comprehensive and cover everything from who to notify to what steps to take to contain the damage. It should also be regularly reviewed and updated.
The faster you can respond to a data breach, the less damage it will cause. An incident response plan can help you contain the damage and get your organisation back on track. This can also help prevent a small breach from turning into a big one.
Breaches Don’t Have to Be Costly
By being proactive, you can help lower the cost of a data breach. Unfortunate as they are, the potential for data breaches is a part of doing business in the modern world. The best way to deal with them is to be prepared.
Knowing you’re protected can give you the peace of mind to focus on what’s important: running your business.
Protect Your Data with GKM2 Solutions
At GKM2 Solutions, we offer IT Services to a broad range of IT sectors, from basic network configurations to major collaborative projects.
We serve all business sectors through our trained and certified team. For further inquiries, contact us.