With most organizations receiving over 100 threat alerts every day and a reduction of endpoint visibility due to the shift to remote work, the ability to quickly detect and confidently respond to cyber threats has become a difficult challenge for organizations to undertake on their own.
Marie Kondo, a Japanese organizational consultant, helps people declutter their homes in order to live happier, better lives. She once said: Similarly, in security, operational teams are constantly bogged down by a “visible mess” that inhibits their ability to effectively secure their organization.
In today’s threat landscape, it’s no longer if an incident will happen, it’s when. Defending your organization and having a plan for what to do if an incident occurs is more critical than ever. And frankly, the benefits of having an incident response plan are quantifiable. Ponemon’s Cost of a Data Breach Report compared organizations boasting robust security Incident Response (IR) capabilities with those that do not.
Artificial Intelligence for ITOps (AIOps) can help accelerate incident response with all the incident context, impact assessment, triage data and collaboration & automation tools at one place.
As Denmark’s largest power, utility and telecommunications company servicing 1.5 million customers, Norlys understands the need for fast response to security alerts. When the company first started, the Norlys security team built their own log analytics and incident response capabilities from the ground up. This homegrown approach presented challenges, including manual workflows, too many repetitive tasks and difficult-to-maintain processes.
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.
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.
A joint cybersecurity advisory released on September 1st detailed technical methods for uncovering and responding to malicious activity including best practice mitigations and common missteps. A collaborative effort, this advisory (coded AA20-245A) is the product of research from the cybersecurity organizations of five nations.
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.
