3 Necessary Steps To Take After Business Data Breach

 | 
August 26, 2022
UPDATED: 
August 26, 2022
3 Necessary Steps To Take After Business Data Breach

Business data holds significant value for entrepreneurs as well as industry competitors. That’s why competitor analysis is conducted to get valuable insights. Unfortunately, sometimes these insights are collected through unethical means such as data breaches. 

According to Statista, in the first half of 2022, nearly 812 cases of data compromises are reported.

These compromises include data leakage, breaches, and exposure and have impacted over 53 million individuals. 

This impacts the enterprise’s market position and customer trust and threatens stakeholders’ safety. That’s why enhancing the company’s cybersecurity should be your prime concern. 

However, if the breach has already occurred, you must focus on minimizing the damage by recovering the data. 

Here are THREE STEPS to make the recovery process seamless. So, let’s begin! 

Step 1: Backup, Backup, And Backup! 

It is always recommended to create a backup of confidential information and encrypt it. The password to decrypt the file should only be with top management and trusted parties. In a data leak situation, the backup will rescue you from losing the bulk of corporate information. 

However, restoring information from a backup depends on how and where data is kept. So, you may need to disclose the series of events to your IT department. They may also deploy data recovery software to retrieve deleted files from formatted disks. 

Step 2: Take Assistance From Professionals 

Wield technology to your advantage by connecting with professional hackers for hire and locating the source of the breach. Once the source is known, the recovery will become pretty convenient for the IT department. 

In addition, the professionals can help conduct a “vulnerability assessment” to understand your requirements and deliver the necessary files in record time. 

Step 3: Change The Passwords & Access Codes 

As soon as you learn about the breach, address the issue by implementing a short-term security fix. Change the passwords and access codes of all the accounts. Access to new passwords should be limited and stored in an encrypted file. This step is critical to mitigating the possible fallout of misconduct, especially financial loss.

Nevertheless, test the security fix thoroughly and after frequent intervals. This ensures that the imposter does not use your vulnerable situation for their benefit. 

How You Can Prevent Future Breaches? 

Once the essential files are recovered, you must implement a few preventative measures. It may include: 

  • Train your employees about cybersecurity & safe internet practices. 
  • Auditing the devices connected to the business network. It is imperative that the company has a BYOD (Bring Your Own Device) policy. 
  • Use VPN (Virtual Private Network) to prevent future attacks. 
  • Get cyber insurance. 
  • Use firewall and antivirus software. 

Informing The Affected Parties

Depending on the breach’s size, you may or may not restore all the lost files. In the latter case, make sure to inform the affected parties. It will help build company credibility and mitigate the damage. 

The Bottom Line

Generally, companies lack the resources to mitigate cybersecurity risks. However, not implementing preventive measures will make the company more vulnerable and affect its credibility. So, it would be wise to have an emergency plan to reverse the damage as much as possible. 

Author

  • Mae spearheads our sales department and holds the responsibility of ensuring we keep up with the times and does our best to relate our service to the highest brands and quality businesses in Los Angeles.

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