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  • Writer's pictureMichael Paulyn

How to Quickly Recover from A Cyberattack: Business Edition

Updated: Aug 11, 2022

Cyberattack recovery plans are the best way any business can prepare for the likelihood of an attack, making sure that the company continues as usual. A cyberattack plan gives a firm a fighting chance in a world where cybercrimes continue to escalate in scale and frequency.

A 5-Step Cyberattack Recovery Plan:

Step 1: Always, Always Follow Your Plan

Cyberattacks are a matter of 'when' not 'if.' Businesses everywhere with a recovery plan are more likely to fair better when the dust settles. A cyberattack recovery plan assigns specific roles to your employees, grouping them into teams, leaving the business nimbler when needed, and intelligent organizations follow their project to a T.

Step 2: Keep A Business Continuity Plan Ready

Business owners everywhere worry about how fast they can recover and get back up and running when it comes to a cyberattack. In this case, it's paramount for your business to have set up an action plan to get all of the firm's operations back to normal.

What's essential in this step is to have alternate working methods and backup working conditions to keep everything moving along. For example, having all your customer service representatives switch from using the company email to using the phone and calling all clients back. In this case, the company is proactive rather than reactive, ensuring all customers are happy.

Step 3: Backup All Operations

In step 3, making sure there are multiple copies and backups of all programs used can be an absolute godsend. The important part is to make sure your company's network is clean and safe before you restore all business operations; the important thing is that recovery is possible.

Step 4: Focus on Loss Recovery

After ensuring that the company's network is clear and ready to go, it's time to focus on recovering as much information as possible during the security breach. Keep in mind that some data is irreplaceable if lost; in this case, you'll need an expert to help resolve this issue.

Step 5: Monitor and Update All Cybersecurity Protocols

Finally, after everything is said and done, update your cybersecurity plan to ensure any security gaps are filled and sewn uptight. It's crucial to have all employees and associates update their computers and passwords and continuously educate everyone in the company to handle future attacks better.

Top 4 Consequences of Having No Plan

Any cyberattack will undoubtedly bring chaos and panic to any company and staff. Below are the top four consequences of having no plan for the average business; the price is hefty.

1. Major Data Loss

The loss of data and sensitive information is a significant blow to a company of any size. When a business experience a data breach, the best thing any business leader can do is have a solid plan that isolates the loss and mitigates further bloodshed. The more time a hacker roamed in your company's network, the higher the losses will be without a recovery plan.

2. Interruption in Business Operations

Cyberattacks can easily halt business operations; chaos will quickly follow without a structured recovery plan. The more disorganized your company is, the better chances the hacker will make with even more sensitive information and the likelihood they'll strike again. It's not just the data lost but the cost of downtime, sometimes leaving a business unable to recover from such a loss.

3. Recovery's Super Costly

Often, some business owners don't appreciate the total cost of the cyberattack until much later; companies of any size can find themselves out vast sums of cash after the fact. Whether it's loss of potential future profits, the cost of expensive lawsuits from clients or vendors, or even the financial burden of overhauling a modern network system.

4. Loss of Trust

A cyberattack has implications beyond just money and a considerable loss of trust. It can be impossible to regain that trust, whether it's long-time clients who take their business elsewhere, vendors who don't want to do business with your firm, or simply the loss of reputation.

Hungry for more? Join me each week, where I'll break down complex topics and dissect the latest news within the cybersecurity industry and blockchain ecosystem, simplifying the world of tech.

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