Red Cross Cyberattack

Cyber risk affects virtually every kind of enterprise. It is not a matter of if, but when. Companies should start with the presumption that they will be attacked and have a comprehensive incident response plan in place. An incident response plan should include a consumer notification process especially when sensitive data such as Social Security numbers and financial information is corrupted. Regulation or industry standards should be put in place to protect consumers and relevant stakeholders from experiencing material damage and ensuring transparency.

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