The Expert Podcast

• Cyber attacks can wreak havoc on businesses, with a staggering 60% of small businesses folding within six months of an attack.
• The aftermath of a cyber attack can lead to a domino effect that devastates a company and forces its closure.

• When a cyber attack occurs, the immediate impact is chaos as employees struggle to access systems and communicate with customers.
• The demoralization of employees further compounds the crisis, hindering efforts to maintain morale and customer relations.

• Identifying the source of the cyberattack alone can cost thousands of dollars.
• Rebuilding systems and data from scratch becomes a daunting task, akin to starting a new business but with existing expenses.

• The loss of employees, clients, and vendors exacerbates the situation, creating a ripple effect throughout the business ecosystem.
• The financial strain extends beyond the company, affecting families and livelihoods that depend on its stability.

• Active monitoring of networks is crucial, requiring expertise beyond internal IT capabilities.
• Cyber insurance and third-party services offer proactive solutions for monitoring and response, mitigating the impact of cyber attacks.
• Implementing an immediate response protocol is essential to minimize damage and prevent a crisis from spiraling out of control.

• Having a well-drilled incident response plan in place is vital for navigating the complexities of a cyber attack.
• Seeking legal, financial, and technical advice during and after an attack can prevent further escalation and ensure business continuity.
• Protecting the livelihoods of employees, vendors, and customers underscores the importance of proactive cybersecurity measures.