Data breaches are costing organizations millions of dollars on average. In its 2020 Cost of a Data Breach Report, IBM found that a data breach cost the average organization $3.86 million. This price tag was even greater for organizations located in the United States and operating in the healthcare industry at $8.64 million and $7.13 million, respectively. What’s behind this price tag, you ask?
As organizations continue to evolve their security operations maturity and the SOC increasingly focuses on detection and response, three capabilities are foundational for success – threat intelligence, integration and automation. In a recent webinar, “Evolution of CTI – Use Case in a Modern SOC,” ThreatQuotient’s Yann Le Borgne, together with Ben van Ditmars of Atos and Martin Ohl from McAfee tackle this topic.
Today I’m happy to share more about our partnership with Swimlane, which further reinforces our commitment to empowering security teams everywhere. Today’s security teams rely on the power of Elastic’s high-speed, cloud-scale analytics to solve their most complex and pressing security issues. Swimlane’s security automation platform provides a way for these same teams to accelerate and optimize their workflows for max efficiency and to solve SOAR use cases.
On the heels of announcing the closing of $22.5 million in new financing as a result of strong performance in 2020, I’m proud of our team’s latest innovation that we’re announcing today, ThreatQ TDR Orchestrator is a new data-driven approach to SOAR and XDR that accelerates threat detection and response across disparate systems for more efficient and effective security operations.
If you’re responsible for stopping cyber threats within your organization, your job is more challenging than ever. The exposure to threats for any organization continues to escalate, and breaches are occurring every day. Consider: If your company doesn’t have a security operations center (SOC), it may be time to change that. In fact, a recent study indicates 86% of organizations rate the SOC as anywhere from important to essential to an organization's cybersecurity strategy.
Every security team should utilize security frameworks in their strategy and tactics to help reduce risk from common cybersecurity threats. Security frameworks guide organizations on how they should develop, build, and maintain their IT security policies and procedures while sharing best practices for meeting compliance requirements. Healthcare operations in particular are often presented with increasing regulatory scrutiny and obligations that must be met in order to be competitive.
Our Managed Threat Detection and Response team responded to an Alarm indicating that suspicious reconnaissance activity was occurring internally from one of our customer's scanners. This activity was shortly followed by escalating activity involving brute force activity, remote code execution attempts, and exfiltration channel probing attempts all exploiting vulnerable DNS services on the domain controllers.
On March 2, 2021, Microsoft announced it had detected the use of multiple 0-day exploits in limited and targeted attacks of on-premises versions of Microsoft Exchange Server. The Microsoft Threat Intelligence Center (MSTIC) attributes this campaign—with high confidence—to HAFNIUM, a group assessed to be state-sponsored and operating out of China, based on observed victimology, tactics and procedures.
Any organization with data assets is a possible target for an attacker. Hackers use various forms of advanced cyberattack techniques to obtain valuable company data; in fact, a study by the University of Maryland showed that a cyberattack takes place every 39 seconds, or 2,244 times a day on average. This number has increased exponentially since the COVID-19 pandemic forced most employees to work remotely, and drastically increased the attack surface of organizations around the world.
