Being honest and direct with what you know so far about the situation will reassure employees during an event that can be chaotic. (Photo: fizkes/Shutterstock)

Companies are on high alert for cybersecurity breaches from ransomware attacks to phishing schemes—cyberattacks are up as much as 148% over the last year. There is constantly some new threat to be on the lookout for, but even so not all organizations have a cyberattack communication and response plan in place. A third of organizations say they are not aware of or not sure about emergency plans for incidents such as cyberattacks and system outages.

Not being prepared for an attack can cause serious harm to both companies and their employees. A report by IBM found that the average time for an organization to detect a data breach was 280 days. In that time, significant damage and costs can be inflicted, and companies can’t waste any time determining a procedure to follow up after the fact.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.