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Why do you need Cyber Crisis Management?

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October 1st, 2018

Have you ever had the experience of having a cyber infection coming into your device and compromising your files and system? Have you ever had the experience of your social media account getting hacked and taken advantage of by an unknown user? How about having a file in your cloud going corrupt or lost? How about having data in your organization’s system or network going stolen or destroyed?

These are different scenarios of cyber dilemmas but all have a common denominator: lack of protection and poor cyber crisis management. These are all reasons to implement and to maintain cyber crisis management.

Security and protection. It is usually thought of as preventing attacks and damages from coming and happening. However, being safe is not just a work of prevention. As a matter of fact, no system or network is a hundred percent secure and protected from attacks and threats. Every individual and every institution is and will be facing such dilemmas; it is just a matter of time and not a matter of chance.

Optimal security and protection, therefore, is a product of different, unified efforts. It is a work of prevention, preparation, and problem-solving. Businesses must not only be able to defend themselves against potential attacks and threats. Institutions must also be able to solve and to get out of actual attacks and damages.

This, friends, is cyber crisis management.

Cyber crisis management is the process of protecting and preparing a system or a network in cases of attacks and damages. It is not only eliminating or minimizing exposure to these dilemmas, since at one point or another a crisis is to come and to affect a company’s system or network. Cyber crisis management is handling the actual occurrence of these problems in a wise and efficient way. It is not only protecting individuals from crises; it is also preparing individuals to respond and to address actual cyber mishaps in the best possible way.

Cyber crisis management is an effective tool towards comprehensive security and protection. With the features of prevention and preparedness, crisis management adds to the integrity, credibility, and efficiency of businesses and institutions, and lessens the possibilities of unwanted costs, losses, and damages. Who does not want to not only be protected from damages but to also be prepared for such damages?

Cyber crisis management is a process comprising of three integral components: readiness, response, and recovery. Each component is a vital step in implementing effective crisis management and in maximizing its features and benefits.

Readiness

It is of prime importance for an institution to assume and to anticipate the different dangers that are likely to challenge or to threaten its system or network. In line with this, it is of equal significance for a company to have an action plan designed and prepared to contain and to manage its needs in times of crises. One effective means to deal with attacks and damages is to have prepared resources, manpower, and solutions in facing actual challenges.

Response

The response of an organization towards a cyberattack is of critical concern. Whatever is the action of the company in response to an incident may either alleviate the damage/s or worsen the situation. Thus, it is of great importance for responses to be coordinated and to be appropriate according to the nature and the effect/s of the problem.

Recovery

An institution has no complete control of getting into a cyber incident or not. But restoring and recovering from a cyberattack is what is in the hands of the company. Recovering from an unwanted cyber event is a combination of the assessment of the root/s of the problem, managing the effects of the problem, and preventing and preparing for further and/or future problems.

Practical steps of cyber crisis management may be utilized in simple or complex applications, in individual or institutional transactions, in private or public settings. Here are a few simple yet meaningful actions of prevention and preparation for cyberattacks and cyberthreats as part of cyber crisis management.

Data Leaks

Data in the hands of unwanted receivers/recipients is one of the most common and most burdensome challenges in technology these days. There are different causes of data leaks, there are different means of leakage. But the most important thing is there are different ways to prevent and to minimize the advent of this dilemma. Here are a few suggestions in containing and in protecting data safely and effectively:

  1. It is a h3 recommendation to have a separate e-mail address for important transactions and to have another separate e-mail address for other insignificant messages.
  2. Use multiple-factor authentication in logging into accounts.
  3. Social media is a common instrument of cybercriminals in attacking victims. Careful inclusion of personal information on social media accounts must be considered and be observed.

Ransomware On Cloud Services

It is a clear fact that the use of cloud services is extensive and impactful in today’s businesses. Apparently, these services are now a device used by cybercriminals for attacking and damaging systems and networks. To keep data in clouds secure and protected, here are some insightful recommendations:

  1. Keep data both in local storage and in the cloud. It is wise and safe to place and to store data in multiple locations.
  2. Use a proactive software in detecting and combating cyber infections. The mere, single use of a reactionary, anti-infective tool is not as sufficient and as reliable as the use of a proactive one.

Financial Losses In Cryptocurrency

Cryptocurrency is now an increasingly viral trend in the present world of commerce and investment. Unfortunately, it is also now an increasingly common target in the world of cyberattacks and cyberthreats. Damaged data is one thing, lost finances is another thing. To keep your finances and investments safe and away from crises, here are a few friendly reminders:

  1. Keep investments a private and confidential matter. Revealing transactions on social media accounts is a dangerous thing to do.
  2. It is a basic rule to secure and to protect logins with multiple-factor authentication.
  3. Keeping funds in multiple wallets is a wise practice.
  4. The thing with cybercriminals is they are ahead of victims in mind and in deed. Be informed and stay updated on news regarding the newest styles of crimes and crises in the cyber world.

Today’s businesses are relying and operating on technology more and more. And today’s crimes and crises in the cyberworld are evolving and worsening, bringing more damages, causing more losses. The inevitability and harm of these threats and attacks are alarming but they are not paralyzing. Individuals and institutions may and can do something. Several security and protection services like Twizo are easily and quickly on hand. With this, every individual and every institution may and can be safe and stay safe.

Remember. You can be cyber-protected. You can be cyber-prepared.

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