According to Cybersecurity Ventures, a new organisation is going to be vulnerable to a ransomware attack every 11 seconds by 2021. Behind these rising numbers of ransomware threats are cybercriminals who are increasingly pushing these malicious file-encrypting elements into enterprise systems and networks.

In the cybersecurity landscape, security analysts are not only fighting malware and cybercriminals on a daily basis but also dealing with large volumes of data overflow from their own networks. In this regard, Security Information and Event Management (SIEM) has been a welcome cybersecurity tool for real-time tracking and investigating security events and log data.

Uncertain times have befallen the world right now, with netizens claiming that the present reality is straight out of an apocalypse movie. The coronavirus pandemic is wreaking havoc on the business community, slowing down growth and contributing to economic losses. While social distancing is the only known way to address the growing threat of this deadly disease, it has opened up new challenges related to remote work.

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.

In the cybersecurity domain, phishing is not a new matter of concern. In our previous blog posts, we have talked about the rising sophistication of modern threat elements. But the nature of data breaches and malware infections due to phishing has remained the same since the time cybercrime gained momentum. This loosely translates to the fact that there has been a lack of efficient phishing mitigation tools in the disposal of enterprise security teams.

According to a study conducted by IBM, the cost of a data breach has increased 12% over the last 5 years. The estimated cost globally is $3.92 million on average. The predictions are even more concerning for small and medium-sized businesses with employees less than 500. For such companies whose average annual revenue does not cross $50 million, losses of $2.5 million on an average can be potentially crippling.

In our previous articles, we have discussed the importance and need for SIEM security software in the landscape of enterprise cybersecurity. SIEM tools have proven to play a significant role in providing real-time analysis of advanced security alerts, log and event data generated by systems and hardware in the company’s IT infrastructure.

Security Information and Event Management (SIEM) in the cybersecurity domain started out as a compliance tool but has now evolved into an advanced threat detection platform for organisations. During the development journey of SIEM tools, there was a brief period when it was considered that SIEM is ‘dead’ but it was not because of the absence of the need for it but because SIEM's fundamental capabilities needed an upgrade.

Zero Trust Security, an alternative architecture for IT security was first introduced by Forrester and was rooted in the principle of 'never trust, always verify'. Zero trust security has come a long way since then. My message for companies that think they haven't been attacked is: You are not looking hard enough." James Snook Each enterprise and individual is at risk today given our huge dependency on the Internet.

Security operations centers monitor and analyze activities on networks, servers, databases, applications, websites, and other systems, looking for anomalous activity that could be indicative of a security incident or compromise. Alert fatigue is a growing concern among information security professionals. If statistics are to be believed, over 79% agree about its negative effects on their teams.