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Critical challenges of #DataProtection and #CyberSecurity within your Organization
Data breaches are a constant threat to all organizations. And the risk keeps growing: By 2016, the total number of exposed identities by data violations has increased by 23%, with a record of 100,000 incidents, of which 3,141 were confirmed data breaches. The data now is corrupted/compromised in a few minutes and their exfiltration takes only some days.
The worst part is that detecting a violation can take months, with an average discovery of 201 days. Unable to respond quickly, organizations face the risk of exposing valuable data and confidential information. The recovery process can be incredibly costly, and the damage in terms of reputation is incalculable.
Why companies must stay alert?
Why companies must stay alert?
The increasingly digital revolution requires companies to constantly be on their guard in order to detect attacks and respond to potential incidents. However, after several years of constant vigilance, many companies are wondering if their investments will one day be sufficient. Some of them even think that they’ve solved the problem with devices to counter conventional attacks (such as phishing, for ex) or to fill in the most important flaws (the identity and access management system, for ex). In reality, that’s not the only thing they must do in order to protect their valuable data.
While most companies have laid the foundations for proper cybersecurity, most of them haven’t realized that these measures are only the beginnings of a much wider and proactive policy, and the digital world needs continuous investments on security matters. An enterprise may consider that it has implemented sufficient cybersecurity measures when it will be able to remain permanently within the limits of its risk appetite.
Demonstrating the contribution of cybersecurity investments can be challenging. Nevertheless, when a company reaches a high level of maturity in this area, it becomes easier to justify ongoing vigilance by demonstrating the contribution and value of investments: whenever the Security Operations Center identifies a potential attack, the evaluation of the costs generated by the different attack scenarios (particularly the least favorable one) justifies the made investments.
How organizations can unfold threats and vulnerabilities?
- All vulnerability and incident data are retrieved in a single system. By the automation of simple security tasks and correlating intelligence data against threats with security incidents, analysts have all the information they need to protect your business.
- Through the integration with the CMDB, analysts can quickly identify affected systems, their locations, and their vulnerability to multiple attacks.
- Workflows are essential to ensure compliance with your security runbook. Predefined processes allow 1st level personnel to perform real security work, while more experienced security professionals can focus on tracking complex threats.
- By managing an overload alert via applying priorities based on their potential impact on your organization. Analysts need to know precisely which systems are affected, as well as any subsequent consequences for related systems.
- By improving controls and processes to identify, protect, detect, respond and recover data
- By creating cyber security awareness within your employees
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How organizations can improve their CyberSecurity?
A company must establish a solid foundation of cybersecurity to protect its present environment. For example by carrying out a safety assessment and building a roadmap; review and update security policies, procedures and standards; establishing a security operations center; testing business continuity plans and incident response procedures; designing and implementing cybersecurity mechanisms.
As a business holder, you must consider that your basic safety measures will become less effective over time, so don’t forget to focuses on the changing nature of business environment. At certain point you must highlight the actions needed to enable your company to keep up with the demands and developments of the market. It can be by designing a transformation program to improve cybersecurity maturity, using external assistance, in order to accelerate its implementation. You can decide what will be maintained internally and what will be outsourced and define a RACI matrix for Cybersecurity.
Last but not the least, the company must proactively develop tactics to detect and neutralize potential cyber-attacks. It must focus on the future environment and have more confidence in its ability to manage predictable and unexpected threats/attacks. Few companies are at this level, and today it is necessary for them to design and implement a cyber threat strategy (Cyber Threat Intelligence), define and integrate a global cybersecurity ecosystem, a cyber-economic approach, Usage of data analysis techniques for investigations, as well as monitoring cyber threats and preparation for the worst by developing a comprehensive intrusion response strategy.
Sources :
Verizon’s 2016 Data Breach Investigations Report
Whitepaper: Insights on governance, risk and compliance