Identify

Be a Bright Tech-Savvy Ostrich and consider the following:

a. Catastrophic computer failure through breakdown or sudden and unforeseen circumstance (such as fire or flood).

b. Breach of computer systems’ security, perhaps caused by

• Staff with ulterior motives with automatic access to data
• Careless staff who give away passwords and/or other relevant data
• Phishing, Whaling and Spear phishing expeditions Read More
• Hackers with an ambition to steal and sell personal data
• Hackers paid to locate and download specific data such as Intellectual property
• Distress caused by those who are effected and the resulting damages.

c. Ransomware and malware

• These can be used to prevent your access to key operational data and your networks seriously interrupting the running of your business. Read More

d. Forensic costs involved in rectification

• The costs to engage specialists to find the cause of the event, mitigate losses and advise on the best solution.

e. Interruption to business Read More

• Network downtime
• Loss of direct revenues and future revenues which are affected by the cyber event
• Costs of reconstituting data.

f. Adverse publicity

• Additional costs involved in regaining trust throughout your supply chain.
• The reduction in turnover following loss of trust due to a Cyber event
• The costs required to engage various consultancy services to mitigate the financial losses