Best Practices for Managing Cybersecurity Incidents

October is Cybersecurity Awareness Month! How does your credit union maximize cybersecurity and reduce incidents?
Plan, practice the plan, and prove the plan. In a recent Credit Union Webinar Network webinar, John Moeller, Principal at CLA, asked “If we’re not prepared for the types of incidents that are going to happen, shouldn’t we spend time preparing for a breach so we can detect it that much quicker?” A great deal of time can pass before a network breach is detected, so when it occurs your credit union needs to ensure it is ready to respond quickly.

Plan, practice the plan, and prove the plan. In a recent Credit Union Webinar Network webinar, John Moeller, Principal at CLA, asked “If we’re not prepared for the types of incidents that are going to happen, shouldn’t we spend time preparing for a breach so we can detect it that much quicker?” A great deal of time can pass before a network breach is detected, so when it occurs your credit union needs to ensure it is ready to respond quickly.

Have a plan. Develop an incident response plan that includes the appropriate procedures and points of contact, and be sure to keep the plan up to date. Establish relationships with key incident responders such as your cybersecurity insurance, breach counsel and attorney(s), forensic providers, and public relations team.