According to the Accenture State of Cybersecurity 2020 report, the average cost of a cyber attack for ‘non-leaders’ stands at $380,000 per incident. The report classifies organizations into ‘leaders’ and ‘non-leaders.’ The ‘leaders’ are those who set the bar for innovation and achieve high-performing cyber resilience. Given the rate of cyber attacks today, a security breach can easily run a non-resilient business into a major loss.
When AT&T Incident Response Consultants first engage a client during a ransomware incident, the situation is often very chaotic. The client's ability to conduct business has stopped; critical services are not online, and its reputation is being damaged. Usually, this is the first time a client has suffered an outage of such magnitude. Employees may wrongly fear that a previous action is a direct cause of the incident and the resulting consequences.
Earlier this month, the Federal Energy Regulatory Commission (FERC) published a joint report entitled “Cyber Planning Response and Recovery Study” (CYPRES) in partnership with the North American Electric Reliability Corporation (NERC) and eight of its Regional Entities (REs) in order to review the methods for responding to a cybersecurity event.
Splunk Phantom is a security orchestration, automation and response (SOAR) technology that lets customers automate repetitive security tasks, accelerate alert triage, and improve SOC efficiency. Case management features are also built into Phantom, including “workbooks,” that allow you to codify your security standard operating procedures into reusable templates.
As new types of security incidents are discovered, it is absolutely critical for an organization to respond quickly and effectively when an attack occurs. When both personal and business data are at risk of being compromised, the ability to detect and respond to advanced threats before they impact your business is of the utmost importance.
