Description
Cyber incidents are on the rise as data shows there was a 20% increase in data breaches from 2022 to 2023.
Technology has become an integral part of most businesses, especially post pandemic where many who may have avoided this reliance on tech had no choice but to adapt to survive.
As a result, the question of businesses being affected by a cyber incident has become ‘when’ rather than ‘if’. However, there are a number of steps you can take to mitigate risks ahead of any potential incidents.
We invited Jack Morris, Account Director at Epiq, to discuss cyber incidents, the importance of being proactive in reducing cyber incident risk and the steps you can take to mitigate these risks.
You’ll learn
· Who are Epiq?
· What is a cyber incident?
· The importance of being proactive in reducing the risk of an incident
· What can organisations do to be proactive in mitigating cyber incident risk?
· What are forensic tabletop exercises, and how do they enhance preparedness?
· Why might an organisation need to get an incident response retainer?
· What role do Information Governance consultants play in reducing cyber risk?
Resources
· Epiq
· Isologyhub
In this episode, we talk about:
[00:30] Join the isologyhub – To get access to a suite of ISO related tools, training and templates. Simply head on over to isologyhub.com to either sign-up or book a demo.
[02:05] Episode summary: Today Mel is joined by guest Jack Morris, Accoutn Director at Epiq, to discuss how to mitigate cyber incident risk.
[02:40] Who are Epiq? – Epic is a global leader in technology enabled legal services. In fact, it supports 90% of the top law firms globally! With over 8000 employees spread over 19 countries, it helps to support corporations, law firms and government agencies across the globe.
[04:31] Who is Jack Morris? – Jack joined the industry relatively fresh out of university, starting at an organisation called Kroll where he was focused on data management – including overcoming ransomware infected devices and essentially allowing organisations to get access to data that was previously taken away from them.
Kroll was later acquired by Duff and Phelps and went through a turbulent time of many name changes before settling on Kale Discovery. He ended up leaving a year ago and joined Epiq as an Account Director.
Jack’s role at Epiq includes being a facilitator, introducing law firms, corporations and cyber insurers to best in class people and technology.
[06:40] What is a cyber incident?: A Cyber Incident is any unauthorised or unexpected event that compromises the confidentiality, integrity or availability of an organisation’s information systems, data or network. Incidents can range from data breaches and malware infections to single mailbox compromises and insider threats.
Organisations looking to combat information security risks should consider ISO 27001, as it’s key principles include the confidentiality, integrity or availability of your businesses information.
[08:29] Why is it important for organisations to be proactive in reducing their risk of an incident, no matter the size of your business? – Let’s look at some startling statistics:
In 2022, 39% of businesses in the UK identified a cyber attack in the previous 12 months. Of this 39%, 31% of those businesses experienced attacks at least once a week.
48% of Small to Medium Businesses, globally, experienced a cyber incident in the last 12 months, with 61% of all cyber-attacks specifically targeting small business.
This is the most shocking of the statistics, and why it’s so important for us to be having these kinds of conversations around how business, no matter the size, need to be proactive in mitigating the impact of a cyber incident.
70% of small to medium businesses in the UK believe that th
AI has been integrated into almost every aspect of our lives, from everyday software we use at work, to the algorithms that determine what content is recommended to us at home.
While extraordinary in its capabilities, it isn’t infallible and will open up everyone to new and emerging risks....
Published 11/20/24
One of the biggest contributors to a stagnating ISO Management System is a failure to communicate.
This has certainly been true in our experience with implementing ISO Standards for over 18 years, and as a result, we make sure to highlight awareness and communication as an integral step of the...
Published 11/12/24