Best practices for communicating cybersecurity risks and efficiency
One of the most difficult challenges encountered within risk management in today’s ever-changing cybersecurity environment is the ability to communicate the risks posed to an organization effectively. Security executives expect communication to be in their own language, focusing on the financial implications regarding gain, loss, and risk, and the difficulty of translating traditional security terms and nomenclature into risk statements expected by business executives poses a serious challenge. Therefore, it is the responsibility of a cybersecurity professional to ensure that security risks are communicated to all levels of the organization using language that can be easily understood.
The communication of security metrics plays a crucial role in ensuring the effectiveness of a cybersecurity program. When disseminating information on cyber risks, several aspects of communication should be considered. For example, a security professional should be cognizant of the credibility of the information’s source, the targeted audience and how to place the risk into perspective. We firmly believe that the success of a business today is directly related to the success of its cybersecurity program. This is largely due to the fact that all organizations depend on technology. Specifically, the interconnectedness of digital technologies translates to a significant potential for damage to an organization’s operational integrity and brand credibility, if its digital assets are not meticulously safeguarded. We only need to look at the recent Equifax breach for an illustrative example of this. Considering the potential impact of cyber attacks and data breaches, organizations must improve how they communicate cybersecurity risk.
The first step to ensuring effective communication of cyber risks involves a comprehensive business impact assessment. This must consider the organization’s business goals and objectives. Business impact assessments focus on how the loss of critical data and operational integrity of core services and infrastructure will impact a business. Furthermore, it acts as a basis for evaluating business continuity and disaster recovery strategies.
The second step is the identification of key stakeholders and their responsibilities. According to experts, this step plays a significant role in being prepared to mitigate the impact of cyber risks. Stakeholders are directly affected by a breach and have the most skin in the game. Identifying stakeholders should not be a one-off exercise but must be conducted regularly. An important consideration is that the more stakeholders there are, the greater the scope for miscommunication. Failure to identify the responsible stakeholders will increase the probability that risk is miscommunicated. In the case of a breach, it means that the response will be ineffective.
The third and most critical step is the identification of Key Risk Indicators (KRIs) tied to your program’s Key Performance Indicators (KPIs). Doing this correctly will mean communicating cyber risks to executives in a way that allows them to make informed decisions. As an example, the amount or the severity of vulnerabilities on a critical system is meaningless to non-technical executives. Stating that a critical system that processes credit card data is vulnerable to data loss is more meaningful. Once business impacts have been assessed, stakeholders have been identified, and meaningful security metrics have been determined, regular communication to various stakeholders can take place.
Different stakeholders have unique needs. This must be considered when communicating KRIs and KPIs. When delivering information, we must accommodate both the stakeholders that prefer summaries and those that prefer reviewing data to make their conclusions. DFLabs’ IncMan generates customizable KPI and incident reports designed to cater to both audiences. Cybersecurity program metrics1 must also focus on costs in time and money to fulfill business needs. The ability to track these metrics is a key differentiator for DFLabs IncMan.
DFLabs’ IncMan is designed to not only provide the best in class incident orchestration and response capabilities but also provides the ability to generate customizable KPI reports that accurately reflect up-to-the-minute metrics on the health of your cybersecurity infrastructure. If your organization needs to get a true, customizable view that incorporates all stakeholders please contact us at [email protected] for a free, no-obligation demonstration of how we can truly keep your cyber incidents under control.
Health care institutions are facing an increasing risk of cyber attacks. There are a few reasons why organizations providing health-care services are under such a high cyber security risks, with the increase utilization of IoT devices singled out by security experts as the leading one over the last couple of years. The fact that many hospitals around the world keep adopting BYOD policies only raises the risk of cyber attacks in the health care sector.
Considering that there is more than enough statistics showing that the most common cyber attacks on health-care organizations include phishing incidents and malware attacks, it is safe to say that IoT devices and BYOD policies are exposing this sector to an ever higher and constant cyber security threat, requiring increased efforts for raising cyber security awareness among employees and implementing advanced incident response measures.
Developing an Effective Incident Response Plan
Incident response plans are one of the essential elements of any organization’s efforts for mitigating cyber security risks. Having a comprehensive and constantly updated incident response plan helps organizations be prepared for any type of cyber attack in case their cyber defense is breached, and odds for that to occur are extremely high at any given moment. While establishing an effective incident response plans, health-care organizations are advised to start by acquiring a cyber incident response platform that provides an automated and orchestrated response to all sorts of cyber attacks.
Health-care institutions could use such a platform to contain the damage and prevent the loss of confidential and sensitive patient data in the aftermath of a breach. A cyber incident response platform can provide them with automated playbooks that allow cyber incident response teams to react to different types of attacks quickly and effectively.
Phishing and Malware Incident Playbooks
There are platforms providing playbooks for phishing attacks and ransomware attacks, which health-care institutions are often facing. Those playbooks will tell cyber security teams exactly what to do when their information systems and computer networks are attacked through one of the above-mentioned methods. Playbooks help CSIRTs prepare their systems for potential phishing attacks, identify them as soon as they occur, contain the damage, and recover from any incident in a timely manner. When it comes to ransomware attacks, playbooks help you reduce the time it takes you to establish a precise diagnosis, identify the kind of malware and the infection target, and assess the range of infection. Also, they help you determine the level of impact of an attack, suggesting taking specific actions that are appropriate for any given level of impact.
With that in mind, automation and orchestration platforms with automated playbooks are one of the best solution for any health-care organization that is under a threat of getting attacked by cyber criminals.