Recover from Cyber Attacks, what to do during a cyber attack, prepare for cyber attack

In today’s digital world, any business could face the risks of data breaches and cyber attacks. The chance of cyber attacks keeps increasing yearly – it’s not about if it could happen to your business but more about ‘when’.

Regardless of the location of your company, industry or even size, you should be concerned about cyber attacks. Companies need to have adequate cybersecurity to help prevent and detect cyber threats.

However, even with the best cybersecurity software and firewalls, errors or poor cybersecurity practices can result in cyber attacks getting through. Dealing with a cyber-attack can be complex, and every minute of panicking results in the attack worsening and spreading. 

Every business needs a proper plan to recover from cyber attacks effectively. The plan should be quick steps and actions a company can take to reduce the damage and loss due to the attack.

The article will discuss critical steps a business must take to deal with and recover from cyber attacks.

Steps To Take to Recover from Cyber Attacks

1. Have An Understanding of Cyber Threats

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The first step that will help a company recover from cyber attacks must be taken even more the attack. Companies must have the appropriate knowledge about cyber threats and cybersecurity.

Understanding cyber attacks can help companies execute cybersecurity measures and understand common cyber threats. The knowledge should include how cyber threats appear, the importance of cybersecurity, and their negative impact on the business.

In addition, employers should provide cybersecurity awareness training to every employee in the company. With proper training, employees can quickly recognise threats and inform their managers.

2. Identify The Threat

The previous step is essential to help identify cyber threats. Identifying the threat is one of the main steps to help recover from cyber attacks and determine how severe or minor the danger is.

When identifying the threat, the company should understand what type of cyber-attack it is, where it has come from and what files or devices have been affected. Without this information, the company may not be able to stop the spreading as soon as possible

The source could be phishing emails, leading to ransomware that has locked numerous files or networks. The step can be done with the help of the IT department or external experts. 

3. Contain The Threat

After identifying the threat, the next step is to contain the data breach or malicious malware to recover from cyber attacks. Isolating the attack can help prevent the attack from spreading through various networks and affecting the entire business.

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The best way to isolate the attack is to disconnect the internet, disable remote access, remove the device from the company network, change all passwords and implement network segmentation.

Network segmentation is the perfect practice to make this step easier. The segmentation gives every employee limited access to the business network, depending on their role and department. For instance, if malware attacks a junior marketing employee, the malware will not be able to move to other networks or infect high-level data.

Successfully isolating the breach or malware can limit damage and protect sensitive data. In addition, it makes it easier for experts to remove the threat and recover effectively.

4. Do Not Pay the Ransom

One of the most common cyber attacks that businesses face and fear is ransomware. A ransomware attack is when cybercriminals gain access to and lock data or servers and then demand a ransom to unlock them.

One of the worst things you and your company can do is panic and pay the ransom. Experts advise not to pay the ransom for several reasons and how paying it could cause more problems. Some of these reasons include cybercriminals not returning data, files may still be infected, and once a company has shown its willingness to pay a ransom, they’re likely to target your business again.

Paying is not a long-term solution to recover from cyber attacks, and it can damage the business more in the future. Instead, companies must contact experts who can help deal with the incident.

5. Contact Cyber Insurance Provider

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The most effective step to recover from cyber attacks is to contact your cyber insurance provider. 

Cyber insurance providers will quickly connect the policyholder with suitable experts who will successfully remove the threat and try their best to recover the data. Without insurance, cyber-attack recovery can cost around US$ 4 million and increases every year.

Fortunately, the insurance will cover cyber experts’ advice, threat removal, data recovery, third-party communication, ransom costs and financial loss. However, the insurance will only cover companies that have proper cybersecurity measures.

It is the only policy that can help financially and efficiently so a company can move on and better prepare for the future. If your company does not have cyber insurance at this point, it should be purchased as soon as possible

6. Inform Employees

The previous steps need to be executed as soon as possible, and while they are, it’s time to inform everyone about the cyber-attack. In a big company, everyone may not be aware of the attack and informing everyone creates alertness.

Employees should be warned to be careful while opening emails and report if they feel their devices, may be infected. Employers can also request staff to run antivirus tests on every device to ensure safety. 

The stage can help notice other attack attempts or possible undetected infected files. In addition, you may need to advise employees on how they can inform clients, suppliers, and customers about the cyber-attack.

7. Analyse Current Cybersecurity

cybersecurity, cybersecurity Hong Kong, what to do in case of cyber attackWhile companies recover from cyber attacks, they must look back and see what went wrong. The best way to do this is by analysing the current cybersecurity measures. The IT department should analyse the softwares, firewalls, passwords and employee cyber behaviour.

The analysis can help build better and stronger cybersecurity for the future. The update may include purchasing better software, training employees, enforcing strict device use or using better passwords.

Regular cybersecurity analysis is great for a business to prevent and detect the next cyber threat before it is too late.

8. Restore Backup Data

At some points, experts may be unable to recover encrypted data. When faced with such situations, the best thing a company can do is restore its backup. Restoring backup data is a crucial way to recover from cyber attacks.

Having recent backups could be a better option than experts spending days recovering data. It is only an option if a company backs up all their data frequently and is still safe. There is a chance the cyberattack infects the backup data on the cloud; hence, it’s better to store backup data offline too.

After restoring data, the company may need to spend a few days updating and ensuring it is as close to the lost data as possible.

9. Conduct Tests

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After restoring the backup data, the company must test everything to ensure it is clear and doesn’t happen again anytime soon. The best way to do this is by running tests on every server and confirming every network is safe.

For instance, the company could also send a fake phishing email to test its employee’s cybersecurity awareness. In addition, businesses must also test their firewall and update their cybersecurity software and passwords.

These tests will minimise the risk of future cyber attacks and assess the effectiveness of the new security strategy.

10. Resume Business with Caution

When all these steps have been followed successfully, your business can recover from cyber attacks and focus on resuming. As the business resumes its business activities, it must focus on its public relations post-cyber attack.

Cyber attacks have a severe impact on the company’s reputation, and companies must have a plan to reduce the damage. The PR efforts should include an honest press release informing about the attack, how their data is safe and actions the business is taking to ensure it doesn’t occur again. It is essential to reduce reputation damage and focus on business activities as usual.

Why Cyber Insurance Is Crucial to Recover from Cyber Attacks?

As mentioned, cyber insurance is a must for every business in this digital generation. The coverage provides financial coverage and expert connections to help the company move on effectively.

A company with cyber insurance can stress and panic less when hit by an attack. However, the company must report the attack to the insurance provider on time to reduce the damage and make it easier for experts.

Cyber insurance and these ten steps are the perfect protection to help deal with and recover from cyber attacks.

 

 

To Learn More about cyber insurance and get the best coverage against cyber attacks, contact Red Asia Insurance.