The Growing Trend Of Security Intrusions Has Forced Organizations To Spend A Significant Portion Of Their Human And Financial Resources To Counter Security Threats.
Reduce The Cost Of Security Breaches, A report released by the Cybersecurity Ventures Research Institute shows that by the end of 2021, global cybercrime will cost industries and businesses $ 6 trillion.
In addition, over the next five years, these costs are projected to grow at an average annual rate of 15 percent, with cybercrime costing businesses nearly $ 10.5 trillion worldwide by 2025.
This cost is indeed spread among different victims worldwide, but you face severe commercial and legal consequences every time it is attacked. A study by security company Infosys on the high cost of security breaches shows that about 65% of customers lose confidence in a business forever after a security breach occurs.
Eighty-five percent said they would not do business with such companies in the future. Negligence in this regard can have severe consequences for businesses.
Why do security breaches so easily victimize organizations?
Cyber researchers believe that if senior information security executives take the necessary steps to deal with cyber incidents, they will respond to and respond to attacks and reduce the costs of such attacks. However, only 32% of organizations know this danger and have taken the necessary defensive measures against cyber attacks.
Typically, the information security manager is a senior official who can oversee the implementation of all of an organization’s IT security measures.
In this way, the task of designing, managing and all, locating resources to various security programs in the security unit of an organization, informing the user and supervising the proper implementation of training programs, interacting with non-managerial staff, and providing key assicriticalnce to law enforcement in case of occurrence Security incidents and subsequent investigations in this area are the responsibility of the Chief Information Officer.
In This, we work at the basic steps that senior information security executives can take to reduce the cost of security breaches in the future.
1. Understand the complexities of the organizational environment to make it easier to understand how the organization generates revenue
As the complexity of an organization’s IT systems increases, so does the scope of business, as advanced infrastructure and equipment allow you to manage a broader range of tasks more accurately. However, the increasing complexity of information technology systems makes it more challenging to deal with attacks and recover.
“You always have to be one step ahead of the attackers to get things done,” says Andreas Wuchner, a chief sea security officer at Cybovate. The better you understand the current situation and prospects and the more familiar you are with the organization’s revenue sources, the sooner you can return to the ideal situatiopositionimize the destructive consequences of security breaches.
For example, in the Colonial pipeline accident, the company’s security team initially thought the operating technology systems had been hacked, but further investigation revealed that the company ransomware attack had hit the company’s billing system ore, you should get the necessary information about the organization’s revenue channels to know from which parts hackers may harm the organization.
2- Identify and hire competent people
In today’s world, a specialist alone cannot prevent security breaches. In such a situation, an efficient team of specialists is needed to work with different parts of the organization. Senior information security managers need to know who to turn to in such situations—one of the essentials that help advance these importancriticals is signing an agreement with experts.
The agreement not only the duties of individuals and the wages they receive. Also that they must be present at work if necessary.
Based on attitude, you are sure that your organization will have the fastest response to the damage and costs of security breaches. Based on a detailed strategic plan, you will ensure security experts are available at a predetermined price and not charge you extra in critical situations.
In addition, in sensitive situations, you will have experts to react to cyber incidents.
“When victims do not have the expertise to deal with cyber threats, they have to pay the ransom,” said Alex Holden, a chief sea security officer at Hold Security LLC.
“This unpreparedness is causing millions of dollars in damage to organizations.” The critical question is, what sp specialists are needed?
In the basic case, the primary should think about attracting these people:
- Security Specialist: A security specialist can complete various tasks designed to strengthen an organization’s security.
- Discover specialist cyber-crime and a crime-discovered computer expert responsible for analyzing evidence collected from computers, networks, and other data storage devices to investigate computer crime incidents.
- Security Consultant: A security consultant is an expert outside the organization who helps the organization find the best solutions according to its security needs.
- Malware Analyzer: The task of a malware analyst is to assist the organization in identifying viruses, worms, bots, trojans, and other malware that threatens their network daily.
- Security Engineer: A security engineer is a mid-level employee who can build and maintain an organization’s IT security solutions.
- Accident Respondent: An accident responder can handle security incidents, threats, and vulnerabilities that arise in an organization. Those who want to take on the role of respondethe must be prepared to actively monitor the organization’s networks for security audits and intrusion testing, malware analysis, and reverse engineering, and take actions that not only harm a Reduces the specific incident but also prevents the re-entry of destructive agents and the recurrence of injuries.
3- The job description should be clear
As you can see, you need people with different backgrounds to minimize the cost of security breaches. Therefore, the job description should be clear. Senior information security managers must accurately and thoroughly document the responsibilities of each specialist before any incident occurs.
“All security professionals in an organization’s IT department have a defined role to play,” says Siobhan MacDermott, CEO of Tata Consulting. “Once there is an attack, there is no more opportunity to discuss who is responsible for what.”
4- Perform training maneuvers in response to cyber intrusions
To not act in a hurry in the event of a severe incseverend to deal rationally with the situation, it is better to practice with all team members how to react in a security incident.
“Just as firefighters go through simulated firefighting maneuvers to prepare for a variety of hazards, so should cybersecurity drills,” says Holden. Organizations that practice regularly and consistently will have the skills to deal with real situations and respond logically to attacks because they have developed a strategic plan to respond to incidents.
An important principle to keep in mind is that delays and any wrongdoing can widen the scope of damages and increase costs.
5. Look for professionals who have an influential dream experience
The most suitable people for job positions are people who have relevant work experience and are closely acquainted with the quality of a job. After significant security breaches such as the hacking of Microsoft Exchange servers or attacks on oil pipelines in the United States, which pushed up gasoline prices in the United States for several consecutive days, many people thought that the cyber security experts of these companies were doing their job.
But in practice, this did not happen because these people gained valuable experiences that can only gain achieved physical environment and situation. Senior cybersecurity executives should hire experts with such experienexpertiseeed professionals who have the expertise to do dangerous and complex work,” says Saban McDermott.
6- Determine organizational policies and legal requirements and adhere to them
Government agencies typically adopt strict and specific policies that outline how to deal with security breaches. These policies specify issues such as the promptness of informing individuals about disclosing their identity information, the services they should provide to victims, and the circumstances under which these actions should take.
The most well-known example of this that can inspire private companies in the European Union General Data Protection Regulation (GDPR), which sets out specific guidelines for the timely reporting of security breaches and explicitly states that companies that violate this law must be compensated. Pay a heavy price that may account for nearly 4% of the annual revenue of these companies.
“Muddermort says:
“Senior information security managers must interact with managers in different parts of the organization to be successful in doing things, in being aware of the governance policies of differenotherand to prepare themselves to work in different situations and situations. Another importanessentialo note is to consider each infiltration as an independent event.
Statistics show that about 80% of the strategies used to solve security problems of a particular attack vector (for example, DDoS attack) can be used in conjunction with other attack vectors, and only 20% of them need to be modified…
“Unfortunately, most organizations ignore this important principle and in practice waste their time and resources.”
Statistics show that about 80% of the strategies used to solve security problems of a particular attack vector (for example, DDoS attack) can be used in conjunction with other attack vectors, and only 20% of them need to be modified…
“Unfortunately, most organizations ignore this important principle and in practice waste their time and resources.”
Statistics show that about 80% of the strategies used to solve security problems of a particular attack vector (for example, DDoS attack) can use in conjunction with other attack vectors. Only 20% of them need to be modified. . “Unfortunately, most organizations ignore this important principle and in practice waste their time and resources.”
7- Take care of the supply chain
Today, hackers use cover atto tacks to harm companies. The attack is carried out in such companies hack organizations and use them to attack other companies. “We expect to see an increase in corporate grievances soon from companies that have been used to attack other organizations,” said Tom Kellermann, VMware’s Strategic Security Director.
“We anticipate legal cases and fines against such companies this year.” To prevent such costly lawsuits, senior information security executives must ensure that their work never reaches this stage. The best solution is to keep track of the miles you have and if and when they expire.
8- Strengthen the mechanisms for detecting and dealing with security incidents
One of the most effective ways to deal with costly cyber incidents is to minimize hackers’ opportunities for infiltrating corporate networks. Senior information security managers need to strengthen their security infrastructure by investing in network endpoint detection capabilities, instantaneous data analysis, analytics capabilities, threat detection, and other advanced security methods.
Rapid detection of attackers limits their scope of activity or prevents them from doing so even before severe damage is done to the infrastructure. Of course, all stages of these processes must do so that hackers overlook to identify them.
“Normally, employees who are fired from an organization think of revenge,” says Kellerman. “Therefore, it is important to react as secretly as possible to cyber incidents and hacker hunting.”
9. Increase your knowledge of international law
Unfortunately, one of the weaknesses of Iran’s top information security managers, which prevents them from reacting quickly to security intrusions, is their lack of familiarity with international law and political geography. Security experts have repeatedly warned that many organized attackers exploit the technical weaknesses of organizations and make the best use of the ignorance of their company’s vulnerability to international law.
More precisely, if your field of business is overseas and you have online communications, you must have sufficient knowledge of international law and in pparticularlytical news.
“A senior information security executive needs to be familiar with the geopolitical landscape and know what it means and what it means,” McDermott said.
This person should not be indifferent to the events that take place in the world around and between countries, and he should measure the impact of these events on the position and position of his company.
It is indeed the job of the Chief Risk Officer, but senior information security managers should also be relatively aware of this. “If you are indifferent to political events, you may inadvertently fall victim to a cyber attack.”
10. CEOs need to be aware of the challenge with security challenges
Rob T. “Senior information security executives need to familiarize CEOs with the difficult decisions they may make in the event of a cyberattack,” says Rob T. Lee, director of the faculty and senior director of curricula at SANS. For example, it may shut down a part of the organization or cut off the connection of different parts toelementspart for the short or long term.
When a security breach is made, there is no way to achieve complete victory. How can the damage caused by such attacks be reduced so that an intrusion does not mean the end of an organization’s business life?
After a security breach, there is no opportunity for annoyance, accusations against each other, and useless speculation. In such a situation, one minute is crucial. “Because it is liirreparable damage will likely to the organization in the coming days.”