Ep272: What Are Best Practices for Post-Incident Communication and Transparency? (2024.07.13)
Description
Organizations that effectively manage post-incident communication can reduce the overall impact of the cyber incident by 28%, according to a 2023 report by IBM. So, what are the best practices for post-incident communication and transparency that your Board and management should adopt?
Join us on CyberBoardCast™ with Andrzej Cetnarski for Episode 272 where we discuss best practices for post-incident communication and transparency to help Boards and Executives ensure effective response and recovery.
🔑 Key Strategies:
Conduct thorough post-incident reviews and communicate findings to all stakeholders, ensuring transparency and accountability.
Maintain transparency with stakeholders through clear, factual, and timely updates to employees, customers, regulators, and other relevant parties.
Leverage AI-driven forensic tools for in-depth analysis, identifying the root cause, extent of the breach, and any potential vulnerabilities.
The Audit Committee should oversee financial implications and accurate reporting; the Risk Committee should assess incident response effectiveness and identify risk management improvements.
The CEO should lead communication efforts, providing direction and reassurance; the CFO ensures financial transparency, and the Chief Legal Officer ensures compliance with legal and regulatory requirements.
📅 On tomorrow's episode of CyberBoardCast™, we’ll wrap up the week with "Ep273: Top 6 Executive Cyber Governance Stories of the Week – Impact and Actions for Your Board and C-Suite."
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