The Splunk Security Team is excited to share some of the new and enhanced capabilities of Splunk Phantom, Splunk’s security orchestration, automation and response (SOAR) technology. Phantom’s latest update (v4.10) makes automation implementation, operation and scaling easier than ever for your security team.

2020 is coming to a close and technology has evolved rapidly to make way for changing market conditions. Cloud computing, Artificial Intelligence (AI), automation, and the Internet of Things (IoT) are evolving technologies that create unparalleled opportunities for companies to unlock new value. When technology advances, so does the landscape of cyber threats that companies have to navigate.

An increasing number of organizations have partnered with Managed Security Service Providers due to the large range of threats facing organizations (MSSP). MSSPs support organizations efficiently by not only identifying external risks but also aiding them in the response to incidents. They also, however, battle a major problem: falling victim to the same shortcoming and bigger risks. They must ensure that consumers are met with Service Level Agreements (SLAs).

With the face of cyberthreats in a constant state of flux, it’s nearly impossible for IT and Security teams to manually secure their countless systems, applications, services, and devices, as well as respond to potential and active cyberattacks that manage to flourish despite best efforts.

The state of enterprise cybersecurity is becoming increasingly complex, thanks to the growing number of malicious threats. According to Gartner, a burst of varied security alarms are terrorizing the cyber landscape. However, there are very few efficient people or processes to help organizations deal with them. In 2017, the research company came up with an innovative and powerful approach to address and deter catastrophic cyber threats to enterprises - SOAR!

Gartner predicts that by the end of 2020, 15% of organizations with a security team of more than five security professionals will leverage SOAR. This is primarily because Security Orchestration Automation and Response has transformed cybersecurity case management at enterprises by addressing alert overload and bringing together disparate security systems seamlessly.

Cybersecurity breaches are at a record high and the trends indicate that the situation is nowhere close to dying out. The past year has seen a surge of attacks on global business giants narrating their experiences and spelling out that expensive resources and tools are not enough to defend an organization from security threats. (Bold, Italics) So, what is it that businesses need to do to ensure that their security system is immune to attacks?

To build an exceptional security posture, organizations cannot just implement a case management platform and let it rust. With the evolving threat landscape, security tools and systems need to be checked periodically to test their relevance and to bring the employees up to speed with its functionalities. When a disaster hits, people and processes should be ready to tackle the threat head-on. This makes planning and testing the plan a key element towards the right incident response strategy.