Security Assessment by Hacken


About the Security Assessment

Data is at the core of any organization's activity. In order to utilize data efficiently, business needs to incorporate it into a network and put it under heavy security to avoid severe financial losses due to a cybersecurity mishap. 

However, in the event of suspicion that a cybersecurity infringement is occurring, it's vital to quickly undertake initial reactions. Unfortunately, most businesses either do not spot the breach timely or cannot diagnose it after being located. An initial response should include an IT specialist and a legal reaction adviser, both of whom provide emergency access, administer crucial intervention and conduct a coordinated reaction without delay.


Here are the following topics related to the issue:

Management of Incidents
An array of steps and services will be needed to set a business back on track following a cyber attack. The Management of Incidents role includes paying for IT, PR, and Legal services. It also covers ID and Credit Monitoring. Finally, it manages the Breach Notification and Data Restoration costs. 
Cyber Interruption
Almost all businesses that sell anything rely on direct sales through the Web or customer relationship management. Those that do not sell directly through the Web, use it to conduct their activity anyway. Cyber Interruption is responsible for managing mitigation expenses and loss of income once transactions are blocked or interrupted due to a cybersecurity issue.
Failures in a System
Naturally, not all failures will result from hack attacks or other cybersecurity infringements. Outages of different origins may also interrupt the usual system cycle. Cyber Interruption will oversee costs from system failures occurring within the internal system that's not related to cybersecurity breaches.
It's easy for companies to unintentionally infringe on trademarks, illegally appropriate creative material and fail to check facts in the fast-pacing digital world. This extension will cover the relevant costs of breaches of third-party intellectual property rights and negligence related to digital content.
Telephone Hack Attacks
A telephone is another object of hacking. The PBX dial through fraud is a scheme when frauds make phones calls to premium rate numbers. This extension will cover the respective charges resulting from unauthorized utilization of an organization's telephone system.
Coupons for Goodwill
Cybersecurity breaches negatively impact a business' relationship with its consumer base. Coupons for Goodwill will effectively mitigate the negative impact from such instances. This extension will allow offering consumers diverse goodwill coupons that will provide additional free services to them to minimize the damage or inconvenience they received from a relevant cybersecurity breach. 

The Private Investigator (PI) Fund 

This fund will include a financial pool that will be used to pay rewards to people who will be able to provide information that will facilitate the arrest and/or conviction of a person who was connected to violating the cybersecurity policies of a business. In addition to hackers/cybercriminals, such persons may include rogue employees. Thus, this fund will also reward conscientious employees who will enable spotting the rogue ones. 
Cyber Protection
This department oversees the claims presented by third parties regarding certain liabilities connected to a cybersecurity failure. Among others, its duties will include coverage for defense costs, sensitive information infringement, insurable fines during a PCI or regulatory inspection, and others. 
Interruption Through OSP
Outsourced Service Providers (OSPs) offer a variety of essential services to businesses such as payment processing, web hosting, and data storage. Cyber Interruption's responsibility will include the management of the same issues but the ones due to mishaps on the OSP's part. 
Data Mishaps in the Network
Apart from cybersecurity breaches, power surges, vandalism, natural disasters, overheating, and other cases may cause data loss or corruption. This extension will be included in the Management of Incidents section, and it will manage accidental damages that have been inflicted on an organization's computer system. 
Digital Extortion
Ransomware helps cyber criminals encrypt their data in order to target businesses, who won't be able to deal with them until they buy a key to unlock it. This section covers several losses due to extortion, which will include ransoms to end the attack and other fees that will be paid to specialists to oversee such a situation. 
Cyber Crime
Cybercriminals are adept at using a prior cybersecurity breaches to further transfer funds from an account that is related to the victim-business. This extension will manage direct financial losses resulting from illegal cyber fund transfers that will occur based on a prior cybersecurity mishap.

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