Cybersecurity IncidentĀ Response Preparedness & Cyber Resilience
Ensure your business is ready to tackle any cyber threat with confidence. Safeguarding your business with a well-planned cybersecurity incident response strategy could mean the difference between surviving a breach or becoming another statistic.
Minimise exposure, maximise security
Reduce Data Exposure
Being prepared for a cybersecurity incident ensures the ability to respond rapidly, reducing the duration of exposure for sensitive information. A pre-established plan and defined roles also facilitates better containment efforts and increases the chances of successfully limiting the impact of a breach.
minimise financial impact
Minimise the financial impact of data breaches by improving response and exposure time. An uncontained breach can result in significant financial losses, including breach remediation costs, harm to reputation, regulatory penalties, legal action, and higher insurance rates.
ensure operational stability
Improved capacity to respond to and recover from cyber incidents, enabling a smooth return to normal business operations, is crucial for limiting disruptions to crucial business operations.
Secure your future with cyber resilience
Cyber attacks resulting in large-scale data breaches are becoming increasingly common. Cyber incidents and data breaches are frequent headlines in today’s news. These breaches can lead to significant consequences for companies and their customers, including exposure of sensitive and personal information, extended operational downtime or severe impact on critical business processes, financial loss, and brand damage. The continual rise in cybercrime means it is essential that businesses are prepared for a breach, which can dramatically reduce the impact of a security incident. With proper planning and preparation, organisations can reduce the duration and severity of a cyber incident, ensuring business resilience to cyber attacks.
Developing resilience to cyber threats is a challenging task for many organisations. Despite efforts to create a plan that aligns with their business, many struggle to implement effective processes. The true test of a plan’s effectiveness often emerges during a real-life cyber incident, leading to prolonged exposure, extended response times, and leaving limited opportunities for improvement. Common challenges or problematic areas include:
Efficiently responding to and managing cybersecurity incidents is crucial for the continued success of a business. The creation of a cybersecurity incident response plan requires input from all relevant stakeholders across the organisation. Unfortunately, these incident response plans are often developed by a single person or handed over to the IT or security team, leading to a lack of comprehensive planning. Without inclusion and buy-in from business stakeholders, potential business impacts cannot be fully understood and addressed, resulting in increased harm during a breach.
A cybersecurity incident is often the first time personnel are exposed to your incident response plan. It is crucial for all processes to run smoothly during an incident in order to minimise harm and quickly restore normal business operations. Time is of the essence, and all personnel involved in the incident response life cycle should be aware of their roles and responsibilities, including proper training to understand processes and execute the plan effectively.
Effective communication is a crucial, yet often overlooked aspect of cybersecurity incident response and cyber resilience planning. During a cybersecurity incident, various stakeholders and teams must collaborate as a larger unit to minimise impact and downtime. This includes the IT and information security teams, as well as executives who may need to make critical business decisions, and marketing and communications teams who may need to provide public statements. The specific communication needs will vary between organisations and must be tailored to each company’s unique business and threat landscape.
One of the most neglected aspects of incident response planning is regularly testing the plan. Having a comprehensive plan is useless if it fails during an actual incident. The plan must be tested with relevant stakeholders to ensure its effectiveness and must be continually improved based on lessons learned from testing. Testing should not be a one-time event, as businesses, processes, and technology are constantly evolving. Ongoing testing ensures that any changes affecting the organisation’s cyber resilience are identified and addressed.
An organisation that has a well-crafted cyber security incident response plan, but fails to address all critical areas, may have a false sense of security. In the event of a cybersecurity incident, an inadequate response can lead to greater harm, causing far more damage than if the organisation had a comprehensive business-aligned and tested plan in place.
How we can help…
At Morrisec we recognise the vital role of cyber resilience in modern-day business success. A cyber attack can be an extinction event for a business, or at the very least, can have devastating and lasting effects. As with all our solutions, our cybsersecurity incident response and cyber resilience service is designed to enable your business. We engage with relevant stakeholders from across the business to ensure your incident response plans are strongly aligned with the business and its overarching vision, mission and strategic objectives.
Through collaborative workshops with key stakeholders, we invest the time to gain an in-depth understanding of your business, allowing us to tailor incident response plans to meet your specific needs. By examining the potential threats and threat actors targeting your business, we can define tactics and attack vectors relevant to your threat profile. This critical information informs your cyber response plan and allows us to develop relevant cybersecurity incident response playbooks to ensure your organisation’s cyber resilience. For those organisation’s that hold Personally Identifiable Information (PII), we develop policies and processes to support your business to address data breach reporting under Australia’s Notifiable Data Breach (NDB) scheme, including reporting to the OAIC.
We will collaborate with your business to establish the duties and obligations of key players in effectively managing cyber incidents. These roles will be tailored to your organisation’s structure and the expertise of your personnel. With clear roles and responsibilities defined, individuals and teams can undergo cybersecurity incident response training to understand their roles and responsibilities, and how to execute their duties efficiently.
Preparation is the cornerstone to incident response success. Morrisec will work with you to develop effective communication plans, define your computer security incident response team (CSIRT), document your escalation processes to relevant stakeholders, including executives and authorities, and define your communication strategies for public and customer notifications.
An incident response plan is only as good as its effectiveness in a real-life scenario. Morrisec runs simulations with your business to test your readiness and resilience to cyber attacks. These tests identify any potential roadblocks to a timely and effective response, and highlight areas for improvement. Testing also involves top executives and board members, as certain incidents may require crucial decisions at the highest level. Practicing these scenarios in a low-pressure environment helps ensure confident decision-making during a real cyber attack.
Our cybersecurity incident response strategies prioritise your personnel as key players in your cyber resilience strategy. It is crucial for staff to know what constitutes an incident, how to detect one, and the proper reporting channels. We will include this information in policies and procedures and provide training to ensure staff understand their responsibilities.
At Morrisec, we know that having a comprehensive incident management plan is essential for businesses to successfully manage cyber attacks and breaches. By bringing together all the necessary components such as defining roles and responsibilities, establishing communication plans, and training personnel, we ensure that your organisation is well-equipped to identify and respond to these incidents. This leads to minimised impact on your business operations and improved overall cyber resilience.
Protect your reputation, protect your data
maintain compliance
Comply with data protection laws and regulations by ensuring incident response plans have been developed, implemented and tested, which are critical components of all compliance standards.
retain trust
Having cybersecurity incident response processes in place reduces the risk of data exposure for both your organisation and your customers. Limiting the exposure of customer information fosters customer trust and, in the case of a breach, effective breach management, including clear communication with customers, is crucial in preserving that trust.
fortify your posture
A proactive approach to security is critical in reducing the risk of security incidents and improving the ability of an organisation to respond quickly and effectively. This helps mitigate the impact of cybersecurity incidents and breaches and protects the organisation’s reputation, data, and business operations.
Start Building Cyber Resilience Today
Maximise your security investment and minimise cyber risks by partnering with our experienced professionals. Take the first step towards building robust cyber resilience today.