5 Questions l Involve Ethical Hackers before using a Software…Reward them, Work on their Feedback

Hacking is a significant problem that may compromise the cyber security of a nation. Many multinational agencies have become vulnerable to hacking cases. As many companies lost their data and wealth due to cyber-attacks, insurers saw an increased pattern of claims under cyber insurance policies. The issue of cyber attacks needs serious attention to tackle this situation.

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Involvement of Ethical Hackers before Using a Software

Training

Adequate training and assessment of the person/ethical hackers are to be done before using the software. A company or an organization should not recruit an employee before providing him training about the operations that the company accomplishes. The employee must be knowledgeable and should have command over the cyber security aspects to prevent cyber threats. An organization must conduct training and sessions occasionally to get the employees acquainted with the latest development in the field of hacking.

Ethical hackers

An organization must involve ethical hackers before using the software. The term 'ethical hackers' refers to certified hackers who intercept hacking issues and safeguard the interest of an organization by preventing cyber threats. The hackers who work for a reputed firm and organization and apply security measures to protect the data against cyber threats are known as ethical hackers. Hence, the organization must appoint experts in the hacking field before using the software.

Reward and Feedback

The reward may work as an encouragement for an employee. Reward and feedback should be given to the employee to bring efficiency to the operation of the organization. In addition, an organization should carry out a proper evaluation of the parties that indulge in the maintenance of the software that it uses for its operation.

Backup plan

A backup plan should be prepared for an organization to tackle the worst situation it may face due to cyber attacks. Sometimes, the ethical hacker may not intercept the issue which is approaching. Hence, the organization should be ready to balance the losses it may incur. In order to avoid losses, an organization must buy a cyber insurance policy. The cyber insurance policy indemnifies an organization and provides settlement against losses.

Transparency

People who own an interest in a specific organization, as a shareholder or consumers, must be informed about the threats and breaches that have taken place in the organization. They have the right to know about their interests. Further, the matter should be filed before an appropriate authority in order to put an end to cyber-attacks. Hiding the breaches and cyber threats is not a wise move as it may put an organization into a significant issue. Further, the organization must buy cyber insurance to safeguard the interest of the public in the organization.

Case Study of Delhi AIIMS

On December 14, 2022, government officials reported that the Chinese hackers made multiple efforts to hack the server of Delhi AIIMS. The Delhi AIIMS has a total of 100 servers, out of which five were hacked by Chinese hackers. They successfully made infiltration to the servers and stole the data. The government official further revealed the location where the attacks were accomplished. The attempt was made from China's Hong Kong and Zhenan. The hackers also used VPNs to hide their IP addresses. However, the timely intervention has successfully mitigated the damages that have been caused to the data.

Cyber Insurance Policy

With the advent of digitization, more cyber threats are approaching a device. The cyber-attacks may steal important data, and incur heavy losses. Hence, a policyholder must buy a cyber insurance policy to mitigate the losses. The insurer compensates for any damage caused due to any cyber-attack during the policy term.

Conclusion

Things are changing rapidly! New softwares come up daily in the market. As a result, the data may get hacked by hackers. Therefore, a company needs to buy a cyber-insurance policy to recover from the losses. Moreover, a team of ethical hackers should be appointed before using a software.

Written By: PolicyBazaar - Updated: 11 August 2023
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4.3 October 11, 2022
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4.5 March 17, 2022
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