How to Prepare for Cyber Attacks

The potential for cyber-attacks is an ever-increasing concern. Daily, there are stories about organisations, both large and small being hit by cyber-attacks. It is no longer a matter of if you will be hit by a cyber-attack, but when.  

While you can’t prevent a cyber-attack from ever occurring, you can minimise the damage caused by being prepared for the potential impact it would cause your organisation. 

What are the types of cyber-attacks? 

  • Spoofing – fraudsters pretend to be someone or something else to win a person’s trust. 
  • Phishing – when attackers attempt to trick users into doing ‘the wrong thing’, such as clicking a bad link that will download malware, or direct them to a dodgy website 
  • Spear Phishing – an email or electronic communications scam targeted towards a specific individual, organization or business) 
  • Vishing – or Vocal Phishing is where an attacker uses the phone to steal personal, confidential information from victims. 
  • Watering Hole – the attacker compromises a site likely to be visited by a particular target group, rather than attacking the target group directly 

With threats on the rise, how prepared are you? 

How to Respond 

  • Enforce your information security policy 
  • Classify data according to sensitivity 
  • Encrypt sensitive data in transit/at rest 
  • Manage the use of personal devices/Prevent 
  • Require strong passwords/changing of passwords/two-factor authentication 
  • Train employees to recognise suspicious activity 
  • Departure from agreed protocol/instructions 
  • Conduct Due Diligence on partners you rely on 
  • Document your procedures and stick to them 
  • Monitor adherence to procedures 

Summary

Being prepared for cyber-attacks is your best defence to protect yourself and your organisation to minimise damage caused by criminals who take advantage of these vulnerabilities. By frequently monitoring risks, as well as training staff, you can help to stop the attackers at the front line.  For more details on how CalQRisk can streamline cyber risk preparation, check out our website or request a free tailored demo in order to understand how the CalQRik software can benefit your organisation.

 

Recent News

CalQRisk Wins Best RegTech Solution at National Fintech Awards

CalQRisk, a leading provider of Governance, Risk & Compliance solutions has won the ‘Best Regtech Solution Award’ at ...
Read More

CalQRisk shortlisted in National Fintech Awards

The CalQRisk solution is shortlisted for ‘Best Regtech Solution Award’ at the inaugural National Fintech Awards. The National ...
Read More

CalQRisk shortlisted in 2023 CIR Risk Awards

Having won ‘Risk Management Product of the Year’ at the 2022 CIR Risk Management Awards, CalQRisk is now ...
Read More

From Risk Capacity to Risk Appetite

Risk Capacity is the maximum amount of risk that an organisation is technically able to assume before breaching ...
Read More

SMT automates their approach to Risk Management with CalQRisk

SuMi TRUST Global Asset Services (“SMT”), a subsidiary of Sumitomo Mitsui Trust Bank Limited, one of the largest ...
Read More

Digital Operational Resilience for the Financial Sector Act (DORA)

The Digital Operational Resilience Act (DORA) entered into force on 16th  January 2023. It outlines EU regulations for information ...
Read More
Database

8 Things to Consider in a Data Breach Response

A data breach can lead to reputational damage, financial losses and much more. By effectively preventing and investigating ...
Read More

The Golden Thread – Governance, Risk & Compliance

A joined-up approach to governance, risk and compliance (GRC) is something all GRC practitioners aspire to – but, ...
Read More

Dark Patterns, Hidden in Plain Sight

If you’ve spent any time on the internet, chances are you will have experienced ‘Dark Patterns’ and may ...
Read More

Over 100 Credit Unions Now Using CalQRisk

CalQRisk now has over 100 credit unions actively using their Governance, Risk Management and Compliance solution across the ...
Read More