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Every brokerage should have a Cyber Security Incident Response Plan (CSIRP)

AFG 6 May 2024 11:45:57 AM
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Cybercrime is on the rise and is a considerable risk for brokerages. Even a minor cyber security incident can have devastating impacts on your business, customers and your income.

The likelihood and severity of cyber attacks are also increasing due to the interconnectivity and availability of IT platforms, devices and systems exposed to the internet. We all need to do our part to keep our devices, businesses, and client data safe. Taking cyber security seriously is essential. It helps protect your business and build customer trust.

 

How can I prepare for an incident?

If your business doesn't have a Cyber Security Incident Response Plan (CSIRP), it should. This plan should help you respond quickly and recover if a cyber attack happens. A CSIRP should align with your other emergency, crisis and business continuity arrangements to be effective. It should also support your staff so they know what to do and cover legal and regulatory obligations you have to follow.

 

Wondering how to make a CSIRP? 

The Australian Signals Directorate's Australian Cyber Security Centre (ASD's ACSC) have guidance and a template to help you make your own plan. These tools are a good starting point, however, every business is different. Your CSIRP should fit your needs, resources, and obligations.

 

Resources to help protect your business

Cyber security is not a nice to have, it should form part of your business strategy.

 

Cyber Security Hub

A resource centre filled with information including our tips on how to help reduce the risks of cyber threats. Visit now

 

Learn Collection

On-demand cyber security education is available to help you and your team protect your business in Learn. Explore now.

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