Understanding Cybersecurity Incident Response Plans: A Look at MGM's Approach
Cyber threats are omnipresent in our digital age. Every entity that uses technology is potentially at risk, from personal devices to sprawling corporations. In light of this, it’s crucial to be prepared. This is where a Cybersecurity Incident Response Plan (CIRP) comes in. This blog will delve into what a CIRP is and briefly overview how MGM executed its response plan following a cyberattack.
What is a Cybersecurity Incident Response Plan?
A CIRP is a systematic approach that outlines the steps to take when dealing with a cyber incident. These incidents can be anything from a data breach to advanced persistent threats. The main objective of a CIRP is to handle the situation in a manner that minimizes harm, decreases recovery time, and cuts costs. Additionally, a well-executed plan can also help in preventing future incidents.
Typically, a CIRP will include:
- Preparation: Training personnel, equipping them with necessary tools, and defining and communicating the plan.
- Identification: Detecting and acknowledging the breach.
- Containment: Implementing short-term and long-term measures to limit the damage.
- Eradication: Finding the root cause of the incident and removing affected assets from the environment.
- Recovery: Restoring and validating system functionality for business operations to resume. This may also include patching vulnerabilities and ensuring no remnants of the malicious elements remain.
- Lessons Learned: Documenting the incident, analyzing how it was handled, and determining how to prevent similar incidents in the future.
MGM's Cybersecurity Incident Response in Action
In a recent video, I discussed MGM Resorts’ cyberattack and their steps to minimize the damage. Watch to learn about real-world cybersecurity incident response.
Stay safe out there in Cyberspace!