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11
Aug

The Importance of Detailed Record-Keeping in Cyber Incident Responses

When a cyber incident occurs, your first step should always be to contact your insurer immediately – through your trusted broker or adviser – to activate their expert responses services. From that point, meticulous record-keeping of business documents and systems becomes essential. These records are vital when reimbursing financial losses like lost income, recovery expenses, and regulatory fines.

What to Do First: Contact Your Insurer

Upon detecting a cyber incident, it is imperative to report it immediately to trigger your cyber policy’s emergency response team. Insurer-appointed experts will guide you through containment, remediation, and the establishment of proper data collection processes. Early contact ensures that your insurer and their specialists can assist you in managing both the technical and evidentiary aspects of the incident effectively and advise you on cyber security risk measures.

What Records Really Matter

Insurers focus on documentation that supports your financial losses—not just IT forensics. Make sure you capture:

  • Logs of lost or corrupted business documents (financial data, invoices, client records)
  • Time-stamped actions taken by staff or experts during and after the incident
  • Records of income lost due to downtime or interruption
  • Invoices for remediation services, IT help, legal advice, and any regulatory fees
  • Communication trails with customers or regulators if notifications are required

These records form the foundation of your claim and help ensure you receive full eligible compensation.

How to Make Documentation a Practical Habit

To make documentation a practical habit, it must be integrated into your cyber response plan. Whether it’s in the form of a stand alone document or a subset of your Business Continuity Plan, this involves outlining your responsibilities for recording each type of loss and specifying storage locations that are separate from affected systems. Designated responders must be trained to understand what to document, when to do so, and how to execute this effectively, particularly during high-stress incident response situations.

Regular tabletop exercises (also known as scenario testing) should be conducted to test record-keeping procedures alongside technical containment steps. Furthermore, records must be secured using encrypted, access-controlled backup storage to protect evidence from tampering or further attack.

Why This Matters for Your Business

How We Support You

Let us guide you through your cyber policy’s requirements – whether it’s explaining incident notification steps, documenting losses accurately, or engaging appointed experts. We ensure your insurance works effectively when you need it most.

When combined with robust technical controls and expert support, good documentation protects both your business continuity and your claims. Let us help you prepare before cyber trouble strikes.

 

Article Supplied by OneAffiniti

Photo by AndreyPopov