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.

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.

As new types of security incidents are discovered, it is absolutely critical for an organization to respond quickly and effectively when an attack occurs. When both personal and business data are at risk of being compromised, the ability to detect and respond to advanced threats before they impact your business is of the utmost importance.

After they entered, they may have left all the other windows and doors open Before working in cyber-security, I once worked at a company, when I was approached to look at another staff member’s email account which was “acting a bit funny”.