Keeping costs to a minimum is key in any industry and certainly in security operations centers across the globe, but by investing in a fully realized, three prong approach to prevention, detection and response, you can increase your odds of success. In the event your security is breached in spite of the first two steps, an adequate and consistent response strategy and platform are essential. All these combined can justify your company’s organized and prioritized investment into a cyber security strategy. Read More - https://www.siemplify.co/blog/benefits-cyber-incident-response-plan/

1. Benefits of Cyber Incident
Response Plan
How To Build It

2. Successful Cyber Incident Response
Program
You plan your work and then work your plan. So why isn't this approach
always taken when it comes to cyber incident response? In this post, we will
explore why planning matters and the elements that make up the
foundation of any solid incident response program.

3. Cyber Incident Response Program

4. Need Of Cyber Incident Response
Cyber attacks are a bigger threat to humanity than nuclear weapons. While
we aren't quite to doomsday levels yet, the number of attacks is doubling
year over year, which means you're likely to be in the position of needing to
respond to a cyber incident sooner rather than later, if you haven't had to
do so already.

5. Prevent Cyber Attack

6. Cyber Incident Response - Matter of Time
Cyber Incident Response is a matter of time. Time is of the essence in
responding to a cyber attack, as the threat actor has likely been poking
around your network for several weeks or months before your team
discovers something is amiss. The longer a threat actor can go undetected
in your environment - also referred to as dwell time - the more damage that
can be done to your organization.

7. Cyber Incident
Response Matrix

8. Cyber Incident Response - Matter of
Reputation
Breaches can have a significant impact in the overall perception of a
business and its brand. Sixty-five percent of customers affected by a breach
lose trust in the organization, with 25% taking their business elsewhere.
Your company's marketing department likely has this at the top of their list
of worries, and so should you

9. Information Security Services

10. Cyber Incident Response - Matter of
Money
The total cost of a successful cyber attack is typically in excess of $5 million,
though this cost can be much higher. Shipping company Maersk reported
losses of about $300 million stemming from the NotPetya attack in 2017.
In some cases, costs associated with breach recovery have more of an impact
than the actual attack itself. The City of Atlanta spent more than $2
million to recover from a ransomware attack that was demanding $52,000.

11. Spending Money on Cyber Incident
Response

12. Cyber Incident Response Strategy Delivers
ROI
In order to justify your company’s investment into a comprehensive
next-generation cyber incident response strategy, you must be able to
prove that keeping up with the latest industry trends and tools is not only a
responsible security posture, but that it provides a justifiable ROI.
Consider this: the industry has been providing clients with defense-oriented
solutions for the greater part of a decade now, and yet breaches still occur.
With that in mind, and accepting trends in attacks, let’s discuss the 3
bulkheads of a cyber incident response strategy.

13. Prevention
Prevent infiltrations from happening in the first place. As an initial step, a
simple education for your employees goes a long way. A lot of these attacks
upon employees happen initially through phishing emails, simply because
an employee clicks a malicious link left in a communication, with little
understanding of potential risks. As a matter of fact, your employees can
oftentimes be the proverbial front line against potential threats. This falls
under the category of a holistic approach to cyber security strategies, and
securing weak links can become a defensible mandate over your overall
security culture.

14. Response
Incident Response is key. After you have set up the wall of defense, and it is
penetrated, you have to be the one armed to the teeth with weapons for
response, reporting and remediation. That is why we consider security
orchestration and cyber incident response processes the most essential tool
in your cybersecurity strategy and security operation.

15. Cyber
Incident
Response
Team

16. Conclusion
By finding your current system’s vulnerabilities, assessing other potential
risks, and orchestrating your existing security tools to maximize visibility,
you are strategizing your success and guaranteeing a profitable ROI.
Keeping costs to a minimum is key in any industry and certainly in security
operations centers across the globe, but by investing in a fully realized, three
prong approach to prevention, detection and response, you can increase
your odds of success. In the event your security is breached in spite of the
first two steps, an adequate and consistent response strategy and platform
are essential. All these combined can justify your company’s organized and
prioritized investment into a cyber security strategy.