According to the annual report of the Identity Theft Resource Center, the number increased 68 percent year over year.
This led to thousands of businesses suffering losses. If your business was a victim of a data breach, you might dread this already.
The good news is that there are steps you can take to recover from this situation. Read on to discover how to get your business back on track after the incident.
Create a Response Plan to Address a Data Breach
The first step is to create a response plan and review it with key stakeholders in your business. This plan should involve assessing the extent of the breach and planning for disaster recovery. You must also identify any individuals or data that may have been compromised.
The business should work with the right experts who can help with forensic investigation, legal services, and any other services. This must be done to identify the source of the breach and the extent of the damage.
Identify and Mitigate the Cause
Depending on the severity of the data breach, the business may need to consult a lawyer or technical advisor to ensure legal and technical compliance.
After the breach, the business may need to perform a Service Level Agreement review to verify that existing policies and procedures can mitigate the breach in the future.
Businesses should also review management plans for cyber risks. They must also update their incident response plans and reinforce security awareness education with employees. Finally, businesses should conduct a review of their systems to identify any weaknesses and make the necessary changes before another breach occurs.
Notify Affected Customers
Your business must take the necessary steps to notify affected customers. Use email, telephone, or U.S. Postal Service for communication. It’s important to ensure the communication is clear and outlines any potential risks to the customer.
Provide an apology for the inconvenience and the efforts you are taking to resolve the issue. You should also provide specific details of the breach, including when and how it occurred, the type of data exposed, and steps the customer can take to help protect themselves.
Implement Enhanced Security Measures
Once a data breach has been discovered, swift action must be taken to mitigate any long-term damage to an organization. One of the critical steps businesses need to take is to implement enhanced cybersecurity measures.
Improved security protocols should include two-factor authentication. There should also be encryption of data and strong passwords.
Establishing stricter access controls can limit who has physical access to offices, networks, and data centers. Also, limit who can access information electronically.
Companies like Erwoodgroup.com can provide you with cybersecurity solutions necessary for your business. With this, you can address cyber threats with their help.
Protect Your Business From Cyber Attacks Starting Today
Experiencing a data breach can be terrifying. This is because you might lose the trust and loyalty of your customers. Hence, you need to assess the damage right away.
Take steps to tighten cybersecurity, and notify all impacted parties. Taking these steps can help to show current and future customers that your business is committed to creating a safe and secure experience.
Contact an experienced IT consultant as soon as possible. This is to help ensure your business can quickly respond to and recover from such situation.
Need more tips? Read our other posts for more insights.