In today’s fast-paced and well-connected world of ours, business enterprises continue to face a rising number of threats and risks to their operations. Remember, cyberattacks, natural disasters, and other unexpected events can cause significant disruptions to the working of an enterprise, leading to downtime, loss of revenue, and reputational damage. According to Cybersecurity Ventures, the cost of cybercrime alone is expected to touch $8 trillion in 2023. It is likely to reach $10.5 trillion by 2025. This calls for business enterprises to up the ante as far as strengthening their cybersecurity defences is concerned.
As per Ravin Prasad, CEO of Cybernetic Global Intelligence, globally accredited cybersecurity organisation, businesses must prioritise incident response and business continuity planning to mitigate the impact of these incidents and maintain the resilience of their operations. It is high time they acknowledge the all-pervasive risks and take appropriate measures. Cybernetic Global Intelligence looks at the whole development holistically and suggests action from businesses to mitigate cyber risks. The CEO, Ravin Prasad, pitches the role of the cybersecurity organisation in ensuring business continuity. He addresses them in a matter of fact way as under:
Is your organisation prepared for a major incident or disruption? As the threat landscape continues to evolve, it’s more important than ever to ensure that your organisation is ready to respond quickly and effectively to any kind of disruption. That’s where our Incident Response (IR) and Business Continuity Planning (BCP) Tabletop Exercises (TTX) can help.
Our IR/BCP TTX exercises are designed to simulate various types of incidents and disruptions, providing your team with a realistic scenario to practice responding to. By conducting these exercises, you can identify and address potential weaknesses in your plans and processes, reduce risk, and improve preparedness for a variety of scenarios.
What Is Incident Response?
Incident response is an approach to responding to and managing cybersecurity-related incidents. The incidents may include cyberattacks, data breaches, and other threats. The objective of incident response is to minimise the impact of any cybersecurity incident and restore normal operations as soon as possible. Any effective incident response action plan should have:
Planning: Before any cybersecurity incident, the business enterprise should have a plan in place. The plan should delineate the roles and responsibilities of every employee, the procedures to identify and contain the incident, and the communication channels to keep the stakeholders informed.
Identification: The enterprise should have proper systems in place to detect any security incidents. The systems may include security monitoring tools, threat intelligence feeds, or other detection mechanisms.
Containment: Once an incident is detected and identified, the business enterprise should take immediate steps to contain the incident and prevent further damage. This may involve isolating the affected systems, disabling user accounts, or taking other actions to limit the impact of the cybersecurity incident.
Investigation: The business enterprise should conduct a thorough investigation into the incident to determine the cause and extent of damage. This may involve analysing log files, reviewing system configurations, and interviewing employees or other stakeholders.
Remediation: Based on the investigation results, the business should take steps for remediation and normalise operations. This may involve fixing vulnerabilities, restoring data from backups, or implementing new security controls.
Reporting: The business should document the incident to prevent any future occurrence.
Here are some of the key benefits of our IR/BCP TTX exercises:
- Identify and address potential weaknesses in your plans and processes.
- Improve preparedness for a variety of scenarios, including natural disasters, cyberattacks, and other disruptions.
- Meet regulatory requirements and demonstrate compliance with industry standards.
- Reduce the risk of significant financial losses, reputational damage, and other negative impacts.
At Cybernetic Global Intelligence, we have extensive experience in conducting successful IR/BCP TTX exercises for organizations of all sizes and across a range of industries. Our team of experts can customize the exercise to your specific needs and provide actionable recommendations for improving your incident response and business continuity plans.
Our pricing for IR/BCP TTX exercises varies based on the scope and complexity of the exercise, but we are committed to offering competitive rates and providing excellent value for our customers.
Cybersecurity incidents have not only become commonplace but also more sophisticated and damaging. They take place by exploiting the inherent vulnerabilities of the digital infrastructure of a business enterprise. Business enterprises, on their part, should be aware of the risks and leverage services such as IR/BCP TTX from Cybernetic Global Intelligence.
To learn more about our IR/BCP TTX exercises and how they can help your organisation prepare for the unexpected, please contact us at (1300) 292-376 or email us at email@example.com. We’d be happy to schedule a consultation and provide a customised quote.