Steps To Take After A Cybersecurity Breach: A Guide For Businesses During Cybersecurity Awareness Month

"We've been hacked!" These dreaded words are scarier than any haunted house you may visit this Halloween season. As we observe Cybersecurity Awareness Month, it's important to reflect on the growing risks of cyberattacks and emphasize the importance of being prepared. With over $1 Billion in records stolen so far this year, the threat of a breach is more real than ever. The growing involvement of artificial intelligence ("AI") in cyberattacks further escalates the risks for businesses.

Quick and effective action is critical with the average cost of a data breach hovering at $4.88 Million. Below, we outline the key steps businesses should take when a breach occurs; however, it's important to note that these steps may not always happen in the exact order listed. Often, several actions will need to occur simultaneously, or in a different sequence based on business needs and legal requirements.