Cyber Security Program Enablement

Malicious parties and criminals are at the center of 51% of all data breaches, according to a study by the Ponemon Institute.

While the average cost of a data record being breached is known ($150 each), how your organization prepares for and responds to a data breach can significantly amplify the costs to recover. Further, the average time for an organization to realize a data breach has occurred and take effective action to contain it is over 250 days.

There is no perfect guarantee of safety or security, but that does not mean you cannot develop a Cyber Security & Risk Management strategy which effectively reduces risk to within acceptable levels. Unfortunately, all organizations must plan for β€œwhen” a breach or security incident will occur, not question β€œif” it will ever happen.

At the core of cyber security strategy are three components:

  • Prevention
  • Detection
  • Adaptation

Many Managed Security Service Providers (MSSP) offer a wealth of prevention solutions, including firewalls, anti-malware software and patch management solutions. Some even provide detection capabilities by implementing AI enabled next generation security software, cloud sandboxing, honeypot solutions and Security Information and Event Management (SIEM) solutions combined with active Security Operation Centers (SOC).

Even the most basic practices around organizational adaptation to security threats, such as testing your incident response (IR) plan, can have significant financial benefits in the event of a data breach. According to the same study, simply testing the IR plan saved organizations, on average, $320,000 in their total cost of a data breach.

However, a truly capable Technology Service Provider offers both prevention and detection solutions combined with a strong adaptation practice, allowing you to assure that not only are you protected from today’s threat landscape, but that you fully understand how you will adapt to survive tomorrow’s.