If someone broke into your company’s office to steal your valuable assets, your first step would be to contact law enforcement. But would your reaction be the same if someone broke into your company’s network and accessed your most valuable assets through a data breach?
A decade ago, when smartphones were still relatively new and most people were still coming to understand the value of data both corporate-wide and personally, there was little incentive to report cyber crime. It was so difficult to catch cyber criminals, and the reputational and financial damage caused by reporting a cyber incident had many business leaders wondering if contacting local law enforcement and going public with the data breach could do any good. Certainly, no one would have even considered contacting a federal agency like the FBI.
Now, the business world is a lot more savvy about the risks and losses around cyber crime, and the methods used by threat actors have become more sophisticated. Ransomware attacks can weaken an organization, and data breaches have widespread consequences beyond corporate losses. Luckily, federal agencies are better equipped to handle cyber crime and they want citizens and organizations to report malicious activity.
“We recognize that many organizations may be reluctant to report incidents, but it’s vital that we shift to a culture where reporting becomes the norm and we provide victims with the support they need to respond and recover,” Eric Goldstein, executive assistant director for cybersecurity at the Cybersecurity and Infrastructure Security Agency (CISA), told Cybersecurity Dive.
When you report a ransomware attack or data breach, federal agencies can then s ..
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