Juniper Research reports that cybercrime costs globally will exceed $2.1 trillion by 2019. That is four times the cost of data breaches in 2015. By 2020, a single cybersecurity breach will cost more than $150 million.
How organizations respond to cyber-attacks and other emergencies can help mitigate any damage and make the recovery process more efficient.
A recent TechRepublic article highlighted OnSolve’s Critical Event Management (CEM) solution, which can help bring about an integrated response to emergencies such as cyber-attacks, severe weather, power outages and other incidents. To effectively manage an unpredictable situation, organizations need to be proactive and establish a CEM before an incident occurs.
As the TechRepublic article notes, critical events such as cyber-attacks can occur at any moment, but too many organizations are not prepared to manage such events. Generally, organizations’ IT departments steer preparation for cyberevents and have plans in place to limit damage and return to normal operations as quickly as possible.
However, research finds that most organizations take a more reactive, ad hoc approach toward applying incident management and response beyond IT. Response activities tend to be highly compartmentalized. Few organizations have programs in place that effectively marshal resources necessary to address critical incidents.
CEM provides a true advantage. It beefs up organizations’ emergency preparedness by taking a broader view of potential risks. It addresses decisions that affect an entire company, so critical decisions are not based entirely on an IT department’s perspective. Instead, they’re based on how information resources, employees or other key stakeholders may be at risk.
CEM helps organizations rapidly form and communicate unified responses to any emergency situation, including cyber-attacks and major IT outages. Within CEM, employees from all departments help make decisions, which reduces the possibility of missing or misjudging critical pieces of information. As a result, an organizational emergency response plan is more thorough and more effective.
CEM provides an architecture that organizations can work within to effectively prepare for and navigate an emergency incident. The framework includes the following activities:
A CEM also includes software components designed to ensure high availability of an organization’s resources.
CEM helps organizations target communication to stay operationally sound in case of an emergency. It applies to these aspects of emergency response and others:
Keep your organization sound during and after a cyber-attack or any other emergency by expanding your preparation. Do not be one of the organizations that simply was not prepared. Contact OnSolve today to learn more about how CEM can benefit your organization.
Crisis situations and many other unexpected events are chaotic by nature. When you’re in charge of sharing critical information with your stakeholders, this chaos can be greater than needed if you and your team aren’t prepared with a well-defined communication plan.Download The Article