Today, the list of corporate cyber attack victims grows more numerous every day. To complicate matters even further, cyber criminals continue to become ever-more sophisticated in their skills and attack methods as time progresses. In 2019, the question is not a matter of if your organization will experience a data breach, but rather when and how a breach will take place. While many organizations have taken significant measures to prevent data breaches, the majority of business entities operating today have failed to properly prepare themselves with the tools and resources to effectively manage the data breach response process. With the average cost of a data breach having risen to a staggering $3.86 million per incident, those entities that fail to properly prepare themselves to effectively manage major security incidents do so at extreme peril. Fortunately, by utilizing the data breach incident response plan best practices discussed in this article, organizations—including law firms—can properly prepare themselves to minimize the impact of a data breach event when that inevitable time comes.
Originally published in the Fall 2019 edition of The Update.
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