Benefits of Cyber Incident Response Plan - PowerPoint PPT Presentation

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Benefits of Cyber Incident Response Plan

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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 company’s organized and prioritized investment into a cyber security strategy. Read More - – PowerPoint PPT presentation

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Title: Benefits of Cyber Incident Response Plan


1
Benefits of Cyber Incident Response Plan
  • How To Build It

2
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.

3
Cyber Incident Response Program
4
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.

5
Prevent Cyber Attack
6
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.

7
Cyber Incident Response Matrix
8
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

9
Information Security Services
10
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.

11
Spending Money on Cyber Incident Response
12
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.

13
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.

14
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.

15
Cyber Incident Response Team
16
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.
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