Pub. 16 2021-22 Issue 4

NEBANKERS.ORG 16 Tech Talk — continued from page 15 users have their own user accounts. Remember, it’s about accountability. • Familiarize yourself with an incident response preparedness checklist. The list should highlight what organizations must have in place ahead of time to ensure the ability to respond to an incident quickly and perform a digital forensics investigation should the need arise. • Get cybersecurity insurance. If you haven’t already gotten it, please investigate it. Unfortunately, it is a tricky subject since there is no standard. If you haven’t gone down the path of obtaining cybersecurity insurance, ensure you understand the following: What is really covered? What do insurance companies expect from your cybersecurity controls paying the claim? Does your coverage include incident response and digital forensics costs? Ask questions, explore the options. The insurance companies are more than willing to help. • Familiarize yourself with legal, and not just your legal counsel, but law enforcement. Understand what their capabilities are and what they can provide in an event. Engaging your legal team can help protect your organization, especially if an investigation is needed, and it usually is. Ensure you run all communications through your legal team. Engage with law enforcement. Legal counsel and law enforcement will work with you to determine when to notify customers. Now that you’ve read a few tips, take a moment to assess your cybersecurity practices. Can you afford not to control unauthorized access to your valuable data? If you can’t take the appropriate steps to secure your organization now, will you be able to act later as the threat landscape continues to escalate? Implementing the controls discussed in this article will push your vendor management practices and overall cybersecurity risk mitigation into the stratosphere. It is less expensive to start implementing these controls today versus waiting until an incident occurs, leaving you with the costly decision to implement these controls.  For more information, contact your Account Executive, Reece Simpson, at 605-270-3916 or reece.simpson@sbscyber.com. SBS delivers unique, turnkey cybersecurity solutions tailored to each client’s needs, including risk management, consulting, auditing, network security, and education. Learn more at sbscyber.com. What is really covered? What do insurance companies expect from your cybersecurity controls paying the claim? Does your coverage include incident response and digital forensics costs? Ask questions, explore the options. The insurance companies are more than willing to help.

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