Benefits of Cyber Incident Response Plan

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Benefits of Cyber Incident Response Plan

• How To Build It

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Successful Cyber Incident Response Program

• You plan your work and then work your plan. So
  why isn't this approach always taken when it
  comes to cyber incident response? In this post,
  we will explore why planning matters and the
  elements that make up the foundation of any solid
  incident response program.

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Cyber Incident Response Program
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Need Of Cyber Incident Response

• Cyber attacks are a bigger threat to humanity
  than nuclear weapons. While we aren't quite to
  doomsday levels yet, the number of attacks is
  doubling year over year, which means you're
  likely to be in the position of needing to
  respond to a cyber incident sooner rather than
  later, if you haven't had to do so already.

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Prevent Cyber Attack
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Cyber Incident Response - Matter of Time

• Cyber Incident Response is a matter of time. Time
  is of the essence in responding to a cyber
  attack, as the threat actor has likely been
  poking around your network for several weeks or
  months before your team discovers something is
  amiss. The longer a threat actor can go
  undetected in your environment - also referred to
  as dwell time - the more damage that can be done
  to your organization.

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Cyber Incident Response Matrix
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Cyber Incident Response - Matter of Reputation

• Breaches can have a significant impact in the
  overall perception of a business and its brand.
  Sixty-five percent of customers affected by a
  breach lose trust in the organization, with 25
  taking their business elsewhere. Your company's
  marketing department likely has this at the top
  of their list of worries, and so should you

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Information Security Services
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Cyber Incident Response - Matter of Money

• The total cost of a successful cyber attack is
  typically in excess of 5 million, though this
  cost can be much higher. Shipping company Maersk
  reported losses of about 300 million stemming
  from the NotPetya attack in 2017. In some cases,
  costs associated with breach recovery have more
  of an impact than the actual attack itself. The
  City of Atlanta spent more than 2 million to
  recover from a ransomware attack that was
  demanding 52,000.

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Spending Money on Cyber Incident Response
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Cyber Incident Response Strategy Delivers ROI

• In order to justify your companys investment
  into a comprehensive next-generation cyber
  incident response strategy, you must be able to
  prove that keeping up with the latest industry
  trends and tools is not only a responsible
  security posture, but that it provides a
  justifiable ROI. Consider this the industry has
  been providing clients with defense-oriented
  solutions for the greater part of a decade now,
  and yet breaches still occur. With that in mind,
  and accepting trends in attacks, lets discuss
  the 3 bulkheads of a cyber incident response
  strategy.

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Prevention

• Prevent infiltrations from happening in the first
  place. As an initial step, a simple education for
  your employees goes a long way. A lot of these
  attacks upon employees happen initially through
  phishing emails, simply because an employee
  clicks a malicious link left in a communication,
  with little understanding of potential risks. As
  a matter of fact, your employees can oftentimes
  be the proverbial front line against potential
  threats. This falls under the category of a
  holistic approach to cyber security strategies,
  and securing weak links can become a defensible
  mandate over your overall security culture.

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Response

• Incident Response is key. After you have set up
  the wall of defense, and it is penetrated, you
  have to be the one armed to the teeth with
  weapons for response, reporting and remediation.
  That is why we consider security orchestration
  and cyber incident response processes the most
  essential tool in your cybersecurity strategy and
  security operation.

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Cyber Incident Response Team
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Conclusion

• By finding your current systems vulnerabilities,
  assessing other potential risks, and
  orchestrating your existing security tools to
  maximize visibility, you are strategizing your
  success and guaranteeing a profitable ROI.
  Keeping costs to a minimum is key in any industry
  and certainly in security operations centers
  across the globe, but by investing in a fully
  realized, three prong approach to prevention,
  detection and response, you can increase your
  odds of success. In the event your security is
  breached in spite of the first two steps, an
  adequate and consistent response strategy and
  platform are essential. All these combined can
  justify your companys organized and prioritized
  investment into a cyber security strategy.