The Benefits of Increased Transparency in Cyber Attacks

June 8, 2023

Debunking the myths about Cyber Attacks

Cyber attacks are now a common hazard to businesses of all sizes and industries in a world that is becoming more connected. Transparency in addressing cyberattacks has emerged as a crucial part of cybersecurity as companies work to safeguard their digital assets and keep stakeholders’ trust. Leading cybersecurity firm Enterprise Defence supports transparency in cyberattacks because it understands how important it is to protecting businesses and society at large.

In this blog, we examine the significance of dealing with cyberattacks openly while dispelling myths that obstruct efficient reaction and mitigation. We dispel misconceptions about the reporting and response to cyberattacks and highlight the advantages of open dialogue, cooperation with authorities, and the sharing of useful information within reputable communities.

Myth 1: The risks and effects of concealing cyberattacks

One common misconception holds that denying cyberattacks will guarantee a return to normality. However, hiding attacks not only helps hackers continue to succeed but also raises the possibility of additional attacks. We illustrate the negative impact of concealing cyber events by looking at real-life equivalents, such as a burglary that goes undetected in a residence. We stress the importance of thorough investigations, information exchange, and teamwork with cybersecurity specialists to efficiently reduce threats.

Myth 2: Support and Confidentiality When Reporting Cyberattacks

Another misconception is the idea that informing the authorities about cyberattacks will put one in the public eye and harm one’s reputation. By emphasising the private assistance offered by institutions like the National Cyber Security Centre (NCSC) Enterprise Defence dispels this misconception. We stress that by reporting occurrences, people can benefit from insightful advice, incident management support, and help controlling media attention. Our cyber risk experts stress the significance of organisations making wise decisions about reporting while reassuring them of their support at every step.

Myth 3: Paying Ransoms: The False Hope of Resolution

When confronted with ransomware attacks, victims frequently think about paying the demanded ransom as a quick way to restore access to their systems. Enterprise Defence, however, highlights the dangers of paying ransoms and the chance of recurrence. We emphasise the need of fending off these illicit demands and remaining in constant contact with cybersecurity authorities. Organisations may fully comprehend the attack vectors, put in place the required defences, and stop upcoming attacks by doing this.

Myth 4: Offline backups improve data security

Many businesses use offline backups to safeguard their data against online threats. In today’s dynamic threat environment, we stress that offline backups alone are insufficient. We emphasise the significance of a multi-layered cybersecurity strategy by using parallels to valuables kept in an unsafe area. In order to effectively protect sensitive information, Enterprise Defence recommends organisations to use comprehensive security measures that combine offline backups with strong cybersecurity policies.

Myth 5: Reporting Requirements and Data Theft

Some businesses feel they are not required to report cyber attacks if there is no hard evidence of data theft. We stress the significance of anticipating data theft during an assault and quickly requesting assistance. To reduce the risks connected with potential data leaks, organisations must comply with data protection legislation GDPR, including reporting requirements. Download National Cyber Security Center (NCSC) incident reporting form here.

Myth 6: Understanding Regulatory Actions Goes Beyond Fines

Businesses frequently worry that by disclosing cyberattacks, they risk incurring hefty fines or harming their brand. Enterprise Defence makes it clear that regulatory actions go beyond fines and also include a thorough analysis of the situation. Organisations can have a beneficial impact on the regulatory reaction by proactive communication with regulatory bodies like National Cyber Security Center (NCSC). We stress the need of open and honest communication in demonstrating dedication to cybersecurity and safeguarding individuals’ personal information.

Transparency in handling cyber attacks is crucial for organisations and society. By debunking myths and promoting open communication, we can mitigate risks, strengthen security, and foster collaboration. Reporting incidents to authorities provides support and guidance, while resisting ransom demands prevents further attacks. Combining offline backups with comprehensive security measures is essential, and compliance with data protection laws is necessary. Embracing regulatory actions showcases commitment to cybersecurity. In summary, transparency benefits everyone, leading to improved incident response and a safer digital environment.