When smaller firms are hit by a cyberattack, the cost can be devastating. One out of four businesses with 50 or fewer employers report paying at least $10,000 to resolve an attack. And for organizations with fewer than 500 employees, insider incidents alone cost an average of $7.68 million, according to the Ponemon Institute's 2020 Cost of Insider Threats report.
For healthcare organizations, cybersecurity isn’t just about staying safe and protected from evolving cyber threats—it’s also about staying compliant. The most well-known healthcare regulation of them all is the Health Insurance Portability and Accountability Act (HIPAA), which recently celebrated 25 years on the books.
SecOps and security teams spend an excessive amount of time sifting through low-value, poorly-contextualized alarm data rather than actively hunting for valid threats. This is because bad actors are constantly looking to steal whatever they can hold onto with the least exposure. Recent ransomware attacks in critical business sectors only serve as reminders that organizations cannot lie dormant. This blog post will unpack strategies to help overcome these challenges and explain why integrating threat intelligence with security orchestration and automation is critical for an effective security operations strategy.
