Given the potential reputational, legal and financial fallout from a cybersecurity incident, thoughtful preparation and communication throughout an organization can deliver substantial and valuable benefits and minimize legal and reputation risk.
While no one can predict when or how a cybersecurity breach will occur, organizations should take active steps to prepare. The following five actions can help ensure an organization’s cyber-readiness.
- Adopt and continuously optimize a formal cybersecurity program
- Conduct a risk assessment
- Manage third-party risks
- Train your employees
- Develop and maintain an incident response plan
For a deeper dive on these steps and the development of a cross-functional incident response plan, please read: 5 Preventative Steps to Manage Legal Risk Following a Cybersecurity Breach
For a look into the current cyber threat landscape, Latham partners Serrin Turner, Jennifer Archie and Jeffrey Tochner sat down with Eric Friedberg, Executive Chairman at Stroz Friedberg, and Matt Olsen, President – Consulting at IronNet Cybersecurity, to discuss current cyberthreat levels and the growing need for companies to devote resources for future risk mitigation.
This post was prepared with the assistance of Madonna Kobayssi in the Dubai office of Latham & Watkins.