Cyber attacks are one of the biggest threats to global stability in the next five years, says the World Economic Forum’s Global Risks Report 2018.
Every organization is at risk of cyber attacks and data breaches. More than half of US businesses suffer a cyber attack. This video shows how much data was lost or stolen across the world in 2017.
Loss of data can have detrimental effects on an organization and result in financial and reputational damage.
Organizations have a responsibility to protect the data they hold. Data breaches must be reported within 72 hours under the following:
- DFARS (Defense Federal Acquisition Regulation Supplement): Report a breach under DFARS here
- NYDFS (New York State Department of Financial Services) Cybersecurity Requirements: Report a breach under the NYDFS requirements here
- The EU’s GDPR (General Data Protection Regulation): Where you report a breach will depend on your supervisory authority. Find out how we can help you here
There are plenty of other laws that require you to report a data breach but allow you a little more time than the above. Read about cybersecurity laws by state and federal laws.
Suffering a data breach is a matter of ‘when’ not ‘if’, so it’s vital that organizations are #BreachReady. With the right response plan in place, you can find out how extensive the breach is, how it happened, and who has been affected. This will allow you to control the impact of the breach and report it in a timely manner.
To help your organization become #BreachReady this summer, IT Governance USA is offering up to 20% off all sorts of solutions to prevent or mitigate the effect of data breaches.
