Regardless of size, every company could experience a cybersecurity incident one day. Security incidents can occur in companies, public institutions, schools, etc. Cybersecurity incident actions are similar to actions to be taken in response to a security incident, for example in a school. It is an inevitable reality that your network may be exposed to an incident threat.
Extended Detection and Response (XDR) has generated a lot of buzz recently with press, analysts, and even customers. There’s no denying that, at face value, its promise of reduced complexity and cost while increasing detection and response is alluring. As security teams look to modernize their security tooling, they’re also looking for solutions to some of their largest challenges. Is XDR the answer? What is XDR, exactly, and how do you determine if it’s right for your organization?
In order to get a grasp on how to ease security incident management and response processes, there are terms to be clarified first. First of all, a security incident is the common name of an attack towards an organization’s cybersecurity system, network, or data in general. In addition, TechSlang also includes successful attacks within the term “incident”. Therefore, whether impactful or not, all types of attacks, violations, or exploitations can be described as security incidents.
Kroll, Red Canary and VMware conducted a survey of over 400 information security and 100 legal and compliance leaders from companies with over $500M in annual revenue to capture the current state of incident response from a technical and legal perspective. Our goal was to highlight trends, identify common challenges and understand how organizations are maturing their preparedness, detection and response programs.
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.
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.
