Aris Hatjipapas: There are serious consequences for companies that do not manage the internal risks of cyberattacks

Strategies for recovering from a security breach were discussed at length by Aris Hatjipapas, Cyber and ICT Security Consultant, Risk & Compliance, BU Cyber-Security, Cosmos, at the 4th Cyber ​​Security Conference.

In an informative presentation at the 26 September event in Nicosia, Hatjipapas discussed ideal immediate response actions such as attack containment, damage assessment and restoration of operations.

The discussion included best practices for data recovery, enhancing post-incident security, and ensuring compliance with regulatory requirements.

Entitled ‘Cyber-attacked. What's next?’ his presentation focused on critical issues facing business professionals today.

Hatjipapas presented, among other things, the importance of understanding threats and adopting strategies to effectively protect businesses from cyber attacks

He said that the perpetrators of organised cybercrime mainly aim to get rich through negotiations, noting that businesses must be prepared to negotiate in the event of an attack. However, state-sponsored attacks are more complex, as their ideological drives are not negotiated, making them more dangerous for business sectors, Hatjipapas commented.

He highlighted the internal risks that could arise either through negligence or fraud. "Failure to manage these risks can lead to serious business consequences," he warned.

In his presentation, Hatjipapas covered various forms of malware and attacks, including phishing, identity theft, advanced persistent threats (APT), DDoS and Cryptojacking through Botnets and IoT-based attacks. "These threats highlight the need for constant surveillance and rapid response to infections," he explained.

According to Hatjipapas, the problems that can arise after a cyber attack are great. They include the unknown number of infected computers and servers, the inability to fully control the system and possible changes to security settings. Therefore, he warns, "organisations must be ready for quick and effective remedial actions."

(Source: InBusinessNews)