Identity Theft Response Assessment
Identity theft is becoming more common as technology continues to advance exponentially. Mobile devices, applications, and email make it more convenient for individuals to access records and financial accounts, but also increase the risk of identity theft.
As the CISO, you will be drafting an incident response plan to address identity theft for your financial organization.
Identity Theft Response is the second of four sequential projects in this course. The final plan will be about 10-12 pages in length. There are 16 steps in this project and it should take about 14 days to complete. Begin with Step 1, where you will identify types of cyberattacks in which personally identifiable information could be vulnerable.
Step 1: Identify Potential PII Attacks
Since this project will require an enterprise cybersecurity incident response plan with considerations specifically to identity theft, types of attacks must be identified. In a table or spreadsheet, identify the types of attacks that could result in denial of access to or theft of PII (personally identifiable information). Consider both internal and external incidents and those associated with employees and/or customers. Submit your list of potential PII attacks for feedback from your CIO (course instructor).
You will build upon this list of identified attacks throughout this project to form your Incident Response Plan. In the next step, industry-specific standards related to these types of attacks will be addressed.
Step 2: Align Industry-Specific Standards
Now that you have identified potential attacks in the previous step, you should research and identify state or federal government standards established for the protection of PII (where they exist) as well as industry codes. Keep in mind that while you are concerned in particular about standards that govern the financial industry, there are different standards specific to other industries. As a CISO, you need to be aware that regulations can vary—for example, standards are different in the health care field.
Add an additional column to the prepared list of potential types of PII attacks from the previous step. In this second column, note what standards might be required when addressing each incident type. You should align government-mandated and sector-voluntary standards to the PII attacks identified.
Refer to the provided industry-specific regulations for additional background on existing regulations. As you consider standards for your organization, continue building upon this table in the next step.
Step 3: Exceed Policy Standards to Fulfill Company Demands
In the previous step, you identified the policy standards for relevant PII attacks. In this step, address any types of attacks that were not aligned in the previous step or those in which given standards are considered inadequate by senior leadership. As CISO, you are aware of your organization’s expectations to guarantee the highest level of security for the organization and individuals in regards to theft of PII (personally identifiable information).
To complete this phase of the project, you will add an additional one to two columns to include upgraded or superior solutions on items considered to still be vulnerable. The alternatives that you add should reflect your organizational demands, initiatives, and vision. You will assess and prioritize this list of solutions in the next step.
Step 4: Assess Alternatives
Now that you have created a list of alternative solutions, assess your recommendations and prioritize them in a final column. Prioritize each alternative by placing a number “1” next to the first priority, a number “2” next to the second, and so on.
To the right of the prioritized solutions, in a sentence or two, state why you selected that alternative in that particular position. Submit the updated PII Solution Alternatives Table for feedback. This table will be used as an appendix in your final Incident Response Plan. In the next step, you will begin to develop a strategy for breach management.
Step 5: Complete the Executing the Response to a Cyberattack eLearning Module
So far, you have identified potential PII attacks and developed a set of PII solution and prevention alternatives. Before outlining a strategy for breach management, review Executing the Response to a Cyberattack. A response to cyberattack typically includes prevention measures, which you have already considered, but it also includes defense, detection, recovery, and response concerns. These areas should be developed with business considerations and subject to the advice of company leaders.
Now that you have become more familiar with an overview of how to execute a response to a cyberattack, proceed to the next step to outline a breach management strategy.
Step 6: Outline Breach Management Strategy
The next several steps will fit the alternatives into a breach management strategy. Strategic thinking can be challenging in a project environment. A “project” is work- and task-oriented, and it includes specific deliverables produced within a defined timeframe. Such projects have a limited budget and are developed to exact specifications. This project’s charter is to present a strategic view of responding to a potential breach in the area of the system containing PII.
This section of the planning should explore areas other than cyber technology. It is about policies, required and recommended, that expand the project notes you have been creating to address corporate concerns outside of the technology realm, such as legal implications, reporting, etc.
Briefly outline, for use in the next few steps
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