Juniper Research reports that cybercrime costs globally will exceed $2.1 trillion by 2019, 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.
Putting plans in place for emergency response
A recent TechRepublic article highlighted how Critical Event Management (CEM) solutions can optimize 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 cyber events 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 towards applying incident…
