Did you know that in 2015 alone, 71% of organizations report having been victim of a successful cyber-attack? Furthermore, the average cost of a corporate security breach tops out somewhere around $3.5 million. Yet, to date, 1 in 3 companies admit they still don’t have a written information security policy in place. If you fall into this latter category, you are most definitely at risk of becoming a victim, and the consequences could be nothing short of devastating. To prevent this, here are 5 simple steps you can execute to strengthen and fortify your cyber security incident response strategy.
Step 1: Prepare ahead. When it comes to cyber security incident response, the best offense is always a good defense. How prepared is your firm for the event of an incoming attack? Start by designating a team of IT professionals who will be dedicated to the cyber-security process. Train them accordingly and make sure they are armed with the right tools, which brings us to step 2.
Step 2: Invest in technology. You may already have a monitoring system in place, but what happens if and when those threats are detected? Today’s security incidents are becoming more complex and are being deployed at an alarmingly fast rate. In reality, even the best human workers are not capable of keeping up with the onslaught of attacks, nor are traditional monitoring methods. Investing in advanced technology, particularly automation, can fill in the gaps and strengthen your defense tremendously.
Step 3: Have a documented plan in place. The good news is, with the right technology, most incoming threats can be identified, evaluated, prioritized and addressed without the need for human input. For those instances that do require escalation, have a strategy in place for who will be responsible for what and how each scenario should best be handled.
Step 4: Focus on recovery. For most organizations, even a small amount of down time can have a significant impact on the bottom line. In fact, some 31% of organizations that have fallen victim to a successful cyber-attack report downtime of at least 8 hours. Having an automated cyber security incident response strategy in place can dramatically reduce the amount of potential downtime by automatically isolating and remediating the issue, getting critical systems back up and running as quickly as possible.
Step 5: Evaluate, learn and improve. We can learn a lot from the incidents that are coming in, such as the types of threats, the motives behind them, areas where the organization might be most vulnerable and how best to address such attacks in the future. The final step in an effective cyber security incident response plan is to assess every situation, develop best practices and make improvements where needed.
With cyber-threats steadily on the rise and online criminals becoming more sophisticated and persistent by the day, there has never been a time when a strong, highly effective cyber security incident response strategy was so critical.