Improve your security posture by implementing a SOAR solution.
Organizations that lack dedicated incident response (IR) teams, IR plans, threat intelligence programs, or any maturity or strategy when it comes to IR, face the following challenges:
Growing volume of alerts
Also, organizations face an increasing number of threats with limited skilled staff. Due to the effects of COVID-19, organizations in 2020 began to deal with the challenge of coordinating and supporting security analysts working remotely from a virtual security operations center (SOC). A 2020 Gartner survey found that 74 percent of chief financial officers and finance leaders intended to shift some employees to permanent remote work following their initial experience responding to the changing global conditions.
With so many employees working from home, security teams need to develop a long-term strategy to maintain threat detection and response across a network perimeter that is almost nonexistent.
How a SOAR solution can help
To mitigate the risks that these challenges pose to your organization, you need an orchestrated IR plan to be prepared, understand your security posture, and monitor and analyze relevant activity. You need to make changes in processes and align services in your security strategy that can help with this effort, including modifying how your SOC teams perform threat management.
For example, the Cyber Resilient Report 2020 by IBM Security found that only 26 percent of organizations use an enterprise-wide cybersecurity IR plan.5 Additionally, organizations with IR teams and testing had an average data breach cost $2 million in U.S dollars lower than organizations with no IR team and no IR plan testing.6 A typical data breach can cost $3.92 million in US dollars and average 279 days to identify and contain.7
Having a proactive approach to IR and working with experts to define and implement companywide IR processes can help. This approach can include leveraging a highly trained IR team and process as a service, or deploying a security orchestration, automation and response (SOAR) solution. A combination of both approaches can accelerate your IR and help improve your security posture as well.
Truly intelligent orchestration of people, technology, and processes through a SOAR solution with a trained IR team helps security operations analysts achieve the following goals:
- Enables security analysts with a guided process to respond to security incidents confidently
- Maximizes your security and IT investments through orchestration and automation
- Automates IR intelligently, reducing repetitive tasks and involving security analysts at critical decision points, depending on the use case
- Fosters collaboration, communication and consistency across the decision chain
With threat management solutions from IBM, built on open standards, you can gain a unified view across security tools. This process gives you powerful AI-driven insights and the ability to quickly act to mitigate threats across hybrid multicloud environments, no matter where the data resides. Detect threats with the leading security information and event management (SIEM) solutions and respond to attacks with precision and speed through SOAR offerings from IBM, designed to help you close cases faster.
The following resources can provide other figures and facts regarding IR teams and testing: