Threats to a company’s proprietary information and customer data are an ever-changing and increasing challenge. Surveys indicate that 85% of small and medium businesses without a formal data security policy have experienced an information breach. The cost of a cyber breach includes legal expenses, forensic fees, lost customers, reputation management, and the notification process. Unfortunately, actual costs extend beyond the dollars spent to address the incident: 31% of breach notification recipients terminate their relationship with the organization, 59% of breached companies were embroiled in subsequent litigation, 33% faced potential regulatory fines, and 32% experienced a decline in share value. Generally, approximately 60% of all small or medium sized companies go out of business within six months of experiencing a breach.

Businesses are considered negligent if they have no breach response program in place prior to an incident. It is imperative that companies have a trusted source to address an information breach if they are to mitigate contingent risks. Businesses seeking best practices, implement a breach response plan prior to an incident. In the event of a breach, the program is quickly activated, conserving time and money while preserving the company’s reputation and regulatory standing. The complexities of confronting a data compromise extend beyond the capabilities of most businesses.

The GIS Comprehensive Commercial Cyber Service includes:

• Assistance with proper protocols and staff training for those protocols
• Assistance with compliance
• Protection and planning
• Consulting regarding information protocols and best practices
• Establishing cyber security baseline and maturity levels
• Breach or ransom response
• Resolution for consumers
• Access to certified forensic examiners
• Post resolution education and ongoing protocol reviews