This week I saw a story link come across my newsfeed to “make sure you get your money from Experian” – it was referring to the compensation being offered as a result of their breach. You could either opt-in for credit monitoring or take the $125 payout.
Regardless of what choice you made if you were affected, what I found interesting was that this was now coming across in the newsfeed of my “friend” group, not my professional feed where I would expect it.
If this were your business, you would find yourself in the middle of scrutiny not just among your professional peers but embattled in defending yourself with your friends as well.
With the high likelihood of a breach affecting your business, you will inevitably have to deal with the fallout at one time or another, only now we find that the outcry may be more obvious than before. There’s nothing the public loves more than a chance to come together to “takedown” a group that they feel has wronged them.
Are you ready for that if a breach happens? Do you have cyber insurance in place to not only help with monetary compensation but also to ensure your reputation damage is properly managed? Do your clients have this in place?
Being prepared to fend off cyber-attacks is necessary but being prepared to respond is also a requirement in business today.