In the wake of the May 2017 WannaCry ransomware attack, Bass, Berry & Sims attorney Tony McFarland authored an article in which he outlined a four-step plan that companies can undertake to establish a strong cybersecurity program. “Corporate counsel who understand cyber risk and mitigation measures are in a prime position to ensure that leadership at all levels communicates and reinforces that message throughout the company,” Tony noted. The WannaCry attack is an urgent reminder for businesses to ensure resources are invested in a strong cybersecurity program; these four steps will help establish a cybersecurity plan and ease the stress of sifting through the increasing number of cybersecurity warnings and recommendations.
- Step 1 – Training: Businesses should administer ongoing cybersecurity training to employees, extending from senior management to new hires.
- Step 2 – Maintaining the cybersecurity program: Administrators should sustain the established cybersecurity program by applying software updates, and ensuring appropriate firewalls and intrusion detection systems are in place.
- Step 3 – Testing the program: Businesses should undergo regular third-party and internal penetration testing to detect security issues and to raise cybersecurity awareness, as well as cast fake phishing emails to its own employees.
- Step 4 – Repeating the steps: This ensures good cybersecurity practices are continued as cyber threats evolve, regulations change and new testing methods develop.
The full article, “Cybersecurity After WannaCry,” was published by ALM’s The Corporate Counselor on July 1, 2017, and is available here (PDF)