Companies need to be more proactive and take steps to reduce their cybersecurity risks, as well as establish procedures should a breach occur.
Exercise a Security Incident
One should assume a "when" not "if" mentality when thinking about a security incident occurring. There are plenty of steps that can be taken to prepare for a data breach, including running a security incident exercise. This will help an organization show the management team that it is prepared for a cyber attack, be it large or small. It is important that everyone knows how to respond, and that plans are in place for notifying customers, investors, law enforcement and forensics firms. After walking through the different scenarios the tech team and upper management will feel better prepared.