RESEAR CH + RANKINGS


Blind panic may be the first response to a


cyber-attack, but family businesses and family offices need not fear if they follow training and a steady response. Three cyber experts at Schillings tell Daniel Bardsley how to react


ew things are worse for an organisation than falling victim to a cyber-attack, not least because the consequences can go well beyond the direct effects of having data leaked or made inaccessible.


The reputational damage can prove fatal. Yet despite the significance of a data


breach—whether a ransomware demand, a phishing attack, a malware incident or anything else—companies and offices often have little idea how to respond. Blind panic is frequently the order of the day. As Johannes Stillig, head of cyber at


the reputation and privacy crisis law firm Schillings, puts it, staff often “run around like headless chickens because they are not prepared”. However, he assures that knowing how to react is not too complicated. “It starts with a list of people: Who are you


going to call externally and internally? Who are you going to bring in to help you regain the situation?” Stillig says. The aim is to shut the attack down as fast


as possible, preventing further information from being lost, while working out how extensive the breach has been and protecting vital evidence. This may require the involvement of multiple specialists, from digital forensics experts to ethical hackers—it is much more than the job of the regular IT staff.


Legal efforts may focus on securing interim injunctions to prevent the publication of information. “The IT team should play an important


role, but should definitely be overseen by an external partner,” says Stillig. Schillings produced with Campden


Research Private and Confidential: The Cyber Security Report, which surveyed 121 individuals, most from single family offices and family businesses. Just over a quarter had experienced a cyber-attack. As the only business in the world to bring


together integrated teams of lawyers, cyber security analysts, intelligence specialists, investigators, and risk consultants, Schillings helps clients to deal with a myriad of reputational and privacy threats, of which cyber-attacks and data loss are just one example. “Our team matches up perfectly with


the team at the host organisation that has suffered the breach. Part of our job is to departmentalise the responsibility and take the emotion out of it,” says David Imison, a Schillings partner.


Part of our job is


to departmentalise the responsibility and take the


emotion out of it ISSUE 72 | 2018 CAMPDENFB.COM 45


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88