HaystackID Launches Global Advisory Group to Strengthen Consulting Business

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These minor cyber-threat actors have begun to target smaller organizations, but they don’t operate with the same business acumen as larger criminal groups, Sarlo noted.

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“Some of the rules of engagement have changed, where you don’t know that if you pay the ransom your data won’t leak to the internet or if you get a decryption tool. There’s a lot of uncertainty as to who we we are dealing with as an adversary,” he added.

To help organizations navigate this dynamic cyber risk landscape, HaystackID has launched its new global consulting practice, consolidating the consulting arm of the business to provide more comprehensive management to its enterprise clients. The provider of e-services and alternative legal services serves more than 500 of the world’s largest companies in North America and Europe, including more than half of the Fortune 100.

Sarlo explained the reason for creating the Global Advisory Group: “We began to see that our offerings – whether in privacy, information, governance, cybersecurity and incident response, or managed services – tended to have overlapping results. The one-stream organization to deliver our services is unique in the consulting world. This has allowed us to offer more holistic programs for our clients to address multiple offers, often the same conversation.

HaystackID’s industry experts and teams are organized into four dedicated practices. Together, the practices provide solutions for every aspect of an organization’s complex legal and cyber risk needs.

Cyber ​​Discovery and Incident Response Services, led by Sarlo, equip organizations with end-to-end reactive capabilities to identify sensitive data during a cybersecurity incident. This knowledge enables organizations to respond to regulatory risks related to the compromise of personal data.

The Privacy and Compliance Group helps customers maintain individual privacy rights, preserve data integrity, and comply with developing privacy regulations.

The Global Information Governance Advisory Group helps organizations prepare for litigation, regulatory requests and investigations with a comprehensive data strategy.

Finally, the Enterprise Managed Solutions group is HaystackID’s oldest practice and offers programs to mitigate legal fees, systemic security risks, and increased oversight related to eDiscovery and compliance.

In addition, six other specialist groups provide cross-functional support: artificial intelligence and data science; cyber surveys and custom data solutions; digital forensics and expert testimony; business systems and technology; viewing and customizing reports; and HaystackID’s ReviewRight Services: Technology and Security.

Read more: Why cybersecurity is an issue for business leaders — and not just IT pros

“We’re leading the charge on best practices from a regulatory and defense workflow perspective. We help our clients create a defensible process because a breach today could be litigation two years from now. The way addressing these issues greatly reduces the risk of litigation downstream,” Sarlo said.

With data breaches costing organizations millions of dollars a year, businesses need to be prepared not only on the cybersecurity front, but also for all scenarios, including legal repercussions. Cybercriminals are also constantly developing new tactics, malware, and encryption methods, which companies should stay ahead of.

“Over the past year, the landscape has shifted to organizations doing what we call ‘big game hunting,’ where different actors and contractors are all working to take out major targets,” Sarlo told Insurance Business.

“After the Colonial Pipeline (ransomware attack), we saw authorities globally stepping up their response. These groups realized they had to change tactics. Their profile was too broad and the geopolitical risks of miscalculation became too high.

This shift saw cyber threat actors temporarily set their sights on European and UK businesses during the first and second quarters of this year, but now things are back. “There was a bit of a reprieve. We are again seeing activity increase significantly,” Sarlo warned.

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