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Is Your Business Prepared for the Next Cyber Attack?

Running a successful business encompasses a multitude of components. These range from revenue growth and pushing for innovation to scale products/services that will satisfy customer needs, creating a culture where employees are happy, and ensuring that the business continues to run uninterrupted by cyber attacks.

According to a study by Ponemon Institute, 75% of respondents admit they do not have a formal cybersecurity incident response plan that applies consistently across their organization. CSOs and CIOs continue to strive towards mitigating risks, enriching data and streamlining communication across teams rapidly respond incidents. So, what can you do?  

Have a plan to mitigate and remediate business risks

“Failing to plan is planning to fail.”

Having a solid plan to protect your company from cyber attacks is fundamental. So is having a recovery plan that helps remediate the aftermath of a security breach. Doing so fosters the ability to have better remediation and prevention plans to stay ahead of threats.

Having the proper processes, people and technology in place are the foundations of a good IR plan. Defining the key performance indicators (KPI’s) that each team (e.g. threat intel, digital forensics, incident responders, etc.) will measure are crucial. Doing so enables you to understand the time it takes to report, investigate, and respond to an incident. You’ll also be able to track figures including the number of false positives, where the incident occurred and its severity.

Another key piece of planning is to make sure you have the right data available at the right time. Learning from the past by analyzing any correlating incidents to prepare for future attacks and fully understanding where the vulnerabilities are within your company will help increase productivity and reduce costs that might otherwise take time to investigate recurring events. Since teams typically work with multiple products, data correlation can be a large undertaking and challenge. The best way to alleviate this challenge is to look at tools that offer flexible and scalable integration with a single pane of glass to view your data points.

Creating guidelines for different scenarios also makes it easier for teams to communicate their analyses, pull data and investigate incidents.

Orchestrate and automate workflows

Manual tasks are time-consuming and can hinder teams from being productive and properly communicating in the case of a cyber attack. This, in turn, leaves a backlog of incidents that are not attended to in real-time.  By 2019, 40% of companies will require specialized, automated tools to meet regulatory obligations for a serious information security incident (Gartner).

Orchestrating and automating workflows allows you to stay at the forefront of analyzing incidents and the correlations between them. It also allows you to evolve your IR playbooks to deal with recurring and unique events. This also allows for better decision making; you can gather, analyze and prioritize important data at the click of a button. Therefore, you are enhancing the IR case management process.

Further, consider orchestrating and automating workflows around the following processes:

  • Data enrichment: as explained above, data enrichment enables you to learn from the past by collecting information faster, enabling machines to conduct investigations. This, in turn, allows teams to work more efficiently, reducing the time it would take to conduct a deeper investigation.
  • IR Playbooks: having solid procedures and processes in place for responding to security threats is a fundamental component, but adding the ability to create playbooks that already contain orchestrated responses will greatly benefit your organization. Some of those benefits are reduced human errors, faster response time and real-time notifications.
  • Manual investigation: the tedious task of manually investigating alerts is not only time-consuming but can also be a waste of time spent on false positives. As such, the average cost of time wasted on these alerts comes to $1.27M annually. Security teams get inundated with too many alerts while facing the challenge of not having enough personnel to help. This leads to a higher margin of error. Therefore, automating the investigation process will help security teams work smarter and faster.

Want to learn more about how your cybersecurity team can benefit from orchestration and automation? Check out our features at-a-glance here.