An organization can expect to be hit with a cyber incident every four years. Are you driving your business forward with yesterday's technology at today's speed?
When it comes to cybersecurity and keeping your organization as safe and secure as possible, the threat landscape is changing – we’ve all seen the headlines about the latest cyberattacks impacting companies of all sizes, especially in this hybrid working environment. The good news: help is available to lock in a solid and strong cybersecurity strategy for your organization.
Rehmann, in partnership with the Better Business Bureau serving Western Michigan, the West Michigan Cyber Security Consortium, and the Michigan Small Business Development Center hosted the 8th annual Cybersecurity Conference January 20-21, 2022.
Connect, learn, and engage in dynamic discussion
The latest strategic and tactical ideas to protect your business in a digital world was the focus of this year’s Cybersecurity Conference. Cybersecurity and other industry specialists shared the latest best practices and strategies organizations should be aware of – especially as cybersecurity incidents continue to rise. Topics included cybersecurity incident response, cybersecurity insurance, and cybersecurity legal considerations.
Here’s what our attendees learned:
A functioning incident response plan is essential. Did you know that organizations can cut the cost of a cyberattack by approximately 33% by having an incident response team in place, and with a plan that has been tested for validity? With the average cost of a breach at $4.62 million, that can add up to significant savings.
Third-party vendor relationships play a big role in keeping your organization safe. Some 94% of organizations are involved in a sourcing relationship, and unfortunately, 82% of companies give third-party vendors access to all of their data. Even worse, 90% of these companies are not aware that they've provided that level of clearance to their third-party vendors. Few small- to medium-sized businesses manage vendors effectively, and in order for vendor management to work well, protection needs to be comprehensive yet simple to execute. t.
Cybersecurity insurance is nuanced – and important. We’ll share the nuances of obtaining cybersecurity insurance, as well as discuss current trends relating to this form of insurance and experiencing a cybersecurity event.
Legal considerations should be top of mind, too. With industry experts stating that small- to medium-sized businesses have a 51% chance of experiencing a security breach in the next two years, it’s important to know legally how best to prepare and respond.
Registered for this event?
Click here to access the virtual event space.