5 Steps Retailers Should Take to Handle a Cyberattack

To begin to incorporate automation into your approach to incident response, consider the following:

• Select solutions that you and your team trust and that integrate with your existing security infrastructure.
• Evolve from manual methods to automation over time as your comfort level grows and the value is demonstrated. Begin with simple steps that leverage automation and then slowly incorporate more sophisticated methods.
• Monitor how automation is benefitting your bottom line — i.e., saving costs while enhancing security by freeing up skilled security staff.

The time and costs of mitigating and recovering from malware attacks is significant. According to a 2014 global report from the Ponemon Institute, it takes an organization an average of 31 days, at an average cost of $20,000 per day, to resolve a cyberattack, making the average cost of a single breach around $640,000.