What to Do If a Business Falls Victim to Cyber Fraud?
In the unfortunate event that a business falls victim to cyber fraud, the following steps should be taken:
Immediate Response: Disconnect affected systems from the network to prevent further damage. Incident Report: Report the incident to the relevant authorities and stakeholders. Investigate the Breach: Conduct a thorough investigation to understand the scope and impact of the fraud. Mitigation and Recovery: Implement measures to mitigate the damage and start the recovery process. Communication: Communicate transparently with customers and partners about the breach and the steps being taken to address it.