What steps should cannabis companies include in a cyberattack response plan?
The average cost of a U.S. data breach is over $4 million, and more than half of cyberattacks involve employee mistakes. A response plan should:
• Define roles and responsibilities—identify who will lead incident response, communicate with regulators, customers, and insurers.
• Isolate and contain affected systems to prevent further intrusion.
• Notify your cyber liability insurer; coverage may pay for forensic investigations, data restoration, and credit monitoring.
• Communicate transparently with customers and regulators to meet breach-notification requirements.
• Conduct a post-mortem to identify weaknesses and update security policies.
Regular drills and updates to the plan ensure preparedness when—not if—a cyber incident occurs.
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How can cannabis companies protect sensitive data from cyberattacks?
Cannabis businesses rely on technology for operations and compliance reporting, which creates vulnerability to cyberattacks. To protect data: • Adopt cybersecurity best practices. Educate employees about phishing and social-engineering; many...
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