Cybercrimes are like financial crimes; incidentally, a lot of financial crimes these days are cybercrimes. _ Most cybercrimes are unveiled when cybersecurity software is installed often days after the crime has occurred and a response process is triggered. _ This is because most organizations focus heavily on data breach protection and not on what they will do if a breach occurs and how they will manage their reputation.
Goals and Objectives
Build cyberresponse plans catering to internal requirements and insured breach scenarios. Employ advanced systems and comprehensive processes in place for internal as well as the insured’s incident response handling that involves call center, legal, digital forensics, notification, public relations, fraud and credit monitoring, and identity restoration services in the event of a loss
Electronic discovery and response systems, Network analysis and pattern analysis tools, Digital forensics
Use Case Summary
As levels of cybersecurity incidents increase by the day, insurance organizations need to invest in specialist software, practices, and expert skills for their own incident response management as well as support insureds in the event of breaches.