With most organizations receiving over 100 threat alerts every day and a reduction of endpoint visibility due to the shift to remote work, the ability to quickly detect and confidently respond to cyber threats has become a difficult challenge for organizations to undertake on their own.
In May 2020, Kroll was contacted by a purveyor of high-end meats after receiving several customer complaints of potentially fraudulent credit card activity. The fraud allegations were raised after several customers observed unauthorized transactions on their credit cards shortly after placing orders through the purveyor’s e-commerce website. Kroll quickly assigned one of their seasoned Payment Card Industry (PCI) forensics investigators to review and investigate the matter.
David Klopp, Managing Director in the Cyber Risk practice of Kroll, recently spoke at the first session of PARIMA’s Confident Response Series 2021. The series aims to fine-tune incident response preparedness and help risk managers understand the latest tactics, techniques and procedures from the most successful cybercriminals, leading to deeper collaboration with business partners and mitigation of technical, legal and reputational risks.
The lifecycle of a cyber security incident can be broken up into three stages: investigation, remediation and notifications/disclosures, the latter often being the most complex, time consuming and costly. Disclosure challenges are compounded due to breach notification laws that require initial statements before the investigation is completed and the incident is fully contained. They can also stem from improper interpretation of digital forensics findings.
COVID-19 has not only changed the way we live but also forced many changes to standard business processes. This article will explore some challenges around human resource (HR) hiring, offboarding and contracting activities. As companies in multiple jurisdictions continue to look for advice from state and federal authorities on COVID-19 safe work plans, this article offers some security considerations from a physical security as well as cyber security perspective.
