Key Parts of a Strong Business Continuity Plan for Cybersecurity
Risk Assessment: First, we need to spot possible cyber threats and weaknesses. A study by Cybersecurity Ventures predicts that global cybercrime could cost $10.5 trillion each year by 2025. Knowing these risks helps us focus on what to protect.
Business Impact Analysis (BIA): Next, we look at how cyber incidents can affect our operations. A recent study shows that 60% of small businesses shut down within six months after a cyberattack. This shows just how important the BIA is.
Recovery Strategies: It’s important to create plans for different scenarios. These plans make sure essential functions can still run when something goes wrong. This might include backing up data and having backup ways to communicate.
Incident Response Plan: We also need a detailed plan for what to do right away when a cyber incident happens. Having a clear response can help us recover faster and save money. IBM says that the average cost of a data breach is $4.35 million.
Training and Awareness: Regular training for employees is crucial. They should learn about security rules and how to respond to threats. Research indicates that human mistakes are a big reason behind 95% of breaches.
Testing and Maintenance: It's vital to test and update the business continuity plan often. According to Gartner, only 25% of companies have tested their plans in the last year.
Putting these parts together can greatly help a company bounce back from cyber incidents.
Key Parts of a Strong Business Continuity Plan for Cybersecurity
Risk Assessment: First, we need to spot possible cyber threats and weaknesses. A study by Cybersecurity Ventures predicts that global cybercrime could cost $10.5 trillion each year by 2025. Knowing these risks helps us focus on what to protect.
Business Impact Analysis (BIA): Next, we look at how cyber incidents can affect our operations. A recent study shows that 60% of small businesses shut down within six months after a cyberattack. This shows just how important the BIA is.
Recovery Strategies: It’s important to create plans for different scenarios. These plans make sure essential functions can still run when something goes wrong. This might include backing up data and having backup ways to communicate.
Incident Response Plan: We also need a detailed plan for what to do right away when a cyber incident happens. Having a clear response can help us recover faster and save money. IBM says that the average cost of a data breach is $4.35 million.
Training and Awareness: Regular training for employees is crucial. They should learn about security rules and how to respond to threats. Research indicates that human mistakes are a big reason behind 95% of breaches.
Testing and Maintenance: It's vital to test and update the business continuity plan often. According to Gartner, only 25% of companies have tested their plans in the last year.
Putting these parts together can greatly help a company bounce back from cyber incidents.