Protecting Your Company from Cyber Attacks — What You Need to Know Now

Articles & Publications

The Illinois Manufacturer
Spring 2015

The risk of a cyber security breach is significant, and here to stay. All indications in the legal community point towards escalating, and not decreasing risks. The evidence is compelling that a breach can significantly impact a company in terms of lost reputation, cost, and lost business. It is therefore critical that a company take the appropriate steps to evaluate and mitigate the relevant risks, and to develop an action plan in the event of a breach. Addressing cyber security risks is not an event but, rather, an ongoing process that must be embraced at all levels of a company. Fortunately, there are steps that a company can — and should — take to minimize the potential for a security breach or system shut down.

This article is the first in a two part series that will address what a company needs to know concerning cyber security and cyber risks, and will provide guidance for what a company can do now, to lessen the likelihood that a breach will occur.

Part two, which will be published in the summer edition of The Illinois Manufacturer, will address issues that a company should consider and steps it should take in the event of a cyber security breach.

Cyber Attacks in the News

No company is immune from a potential cyber event, whether inadvertent or intentional, at the hands of a third party. News of cyber attacks has, unfortunately, become commonplace, and such attacks have impacted organizations large and small, including Sony, Home Depot, Target, the National Security Agency, and others.

View Document(s):