At any given moment, a crisis can occur, often without warning and leaving long-lasting effects.
The wisest organizations have plans in place at all times, but organizations that are truly prepared practice those plans through regular drills and simulations.
Remember fire drills from grade school? In reality, the likeliness of a school fire is only a little over two percent, according to the National Fire Protection Agency, but we still practiced them. Compare that to the probability of an organization experiencing a data breach, which is nearly 30 percent, according to a Ponemon Institute and IBM Security global survey.
Organizations are 15 times more likely to have a data breach versus a fire but few run simulations to prepare.
Emerging threats and a changing media landscape mean preparing for an emergency response is more important than ever. But having a plan is only half the battle. It takes practice to successfully mitigate organizational emergencies.
By mapping out potential crisis scenarios and conducting an onsite or virtual crisis drill, we help you better prepare for when the inevitable strikes.
With regular crisis drills, you’re not only better prepared, but you also minimize chaos and stress for when a real disaster strikes. Your team is more likely to remain calm and focus on the needed steps to effectively mitigate the situation rather than running around with their hands in the air.
ēgәlGUARD™ Crisis Drills
With our unique ēgәlGUARD™ crisis drill experience, financial institutions and fintechs will learn the skills necessary to navigate a crisis.
Keep in mind, regulators are actively encouraging organizations to conduct regular and frequent drills. And the U.S. Treasury even created a crisis drill template for both financial institutions and fintechs to leverage for cyberattack simulations.