Date: 23 January 2024
For Businesses
There is an embarrassingly long list of organisations with an equally embarrassing number of records that seem to be part of this Mother of all Breaches. Yes, the data may be part of old compromises, yet the damage this sort of data tree can cause afresh cannot be undermined.
This breached database must act like a warning bell for business and government organisations across the globe to pay serious attention to their cybersecurity starting now.
Here’s what companies that may or may not have been named in the dataset can do:
- Revisit your Security Infrastructure: It is imperative for the executive leadership to start taking a close and hard look at the security controls and protocols in place. How data is being processed within the organisation and if it meets regulatory and legal compliance requirements such as those pertaining to the EU GDPR are also critical questions that need asking immediately. How often is a security risk assessment being conducted? What is your organisational breach readiness score? All of these important facets of business security have to be looked at with a critical lens.
- Data Breach Response: It is absolutely essential that businesses become better prepared for data breaches of this nature. Getting Cyber Incident Response Plans and Incident Response Playbooks in order are the need of the hour. What you do as a business in the Golden Hour after a breach can make or break your reputation and protect you from regulatory fines and penalties.
- Test your Incident Response Capabilities: Just having plans and playbooks though isn’t enough. These must also be regularly tested through Cyber Attack Tabletop Exercises. They put your primary decision-makers and stakeholders in a simulated attack environment and test if their response will actually hold water in a real crisis situation. If you don’t know where to start with a cyber attack simulation drill, use the free resources created by our experts:
Cyber Tabletop Exercise Scenarios You Must Rehearse
Cyber Tabletop Exercise Template
Cyber Attack Tabletop Exercise PPT - Cybersecurity Awareness Training: As a business or government organisation that handles and/or processes sensitive information, it is imperative that you invest in cybersecurity awareness training. Your staff must be trained to be vigilant against common tactics of cyber attackers. They must be made fully aware of the kind of links and emails to watch out for and how to protect their privileged credentials.
- Enlist external expertise: The MOAB may have highlighted to you that your internal team may not be fully equipped to handle damages of this scale and nature. Opt for a cybersecurity consultancy that fits your needs and budget in that case. Our expert cybersecurity consultants can help you not only assess the gaps in your current breach readiness, but also help you plug them at a timeline that suits you. They can ensure better supply chain security for you, increased compliance, enhanced cyber resilience and overall better management of any cyber incidents.