A security breach is among an organization’s biggest nightmares, often jeopardizing its reputation, revenue and customer trust. In the last few years, the ever-growing frequency and scale of cyberattacks paint an alarming picture, with numerous organizations falling prey to threats like ransomware, business email compromise, spear phishing and other dangerous cyberattacks regularly, requiring an incident response. A formal, tested incident response plan is necessary for today’s volatile cyber landscape. In addition, solutions that offer these six technologies can also help businesses get through an incident quickly and get back to work.

Too many businesses aren’t ready to recover after a cybersecurity incident response:
Unfortunately, many businesses aren’t ready to handle a cybersecurity incident response and recovery process. For the Datto SMB Cybersecurity Survey for MSPs Report, we asked more than 2900 IT decision-makers at small and mid-sized businesses (SMBs) worldwide to tell us about their readiness to mount an effective incident response and recover from a cybersecurity incident. Shockingly, almost one-fifth of respondents said their organization would be doomed in the event of a successful cyberattack or another damaging cybersecurity incident, and 47% said recovery would be difficult.

Some businesses have not absorbed the message that a recovery plan matters:
Part of a successful incident response is a swift recovery. When it comes to having a recovery plan in place, over half of our survey respondents said that they have a standard recovery plan ready to go. However, some businesses still need serious help making a recovery plan. Just under one-fifth of our survey respondents admitted that they haven’t done adequate incident response and recovery planning – and a surprising 16% of respondents told us that they don’t have any recovery plan in place.

These six security solutions help with the incident response:
A formal, tested incident response plan is the most important thing a business can do to facilitate a smooth response and recovery in the event of cybersecurity trouble. In addition, choosing cspecificsolutions can help smooth the path to recovery from a cyber incident. These six solutions strengthen an organization’s security and offer incident response benefits:

1. Identity and access management (IAM): Effective access control is critical for preventing intrusions, giving security teams the tools to deal effectively with an incident. Many solutions feature single sign-on (SSO), with access to networks and devices controlled for each user from individualized launchpads. Not only does this make it easy for techs to cmanageaccess points, but it also makes it easy to close them off and isolate a compromised user account when needed in an incident response.
2. Endpoint detection and response (EDR): EDR solutions record and store activities and events taking place on endpoints and use various data analytics techniques to detect suspicious system behaviour, provide contextual information, block malicious activity and offer remediation suggestions to restore affected systems. An EDR tool augments an organization’s incident detection, investigation and response capabilities, including incident data search and investigation alert triage, suspicious activity validation, threat hunting and malicious activity detection and containment.
3. Security Operations Center (SOC): A SOC is one of the most significant pillars in incident response planning. A SOC gives responders the data they need to quickly mount an effective response, helping reduce the attackers’ dwell time and damage. It also enables organizations to establish the metrics to measure the success of any incident response. A SOC can be maintained in-house, or an organization may use a managed SOC. Using a Managed SOC has many advantages for preventing and addressing cyberattacks. First and foremost, a Managed SOC will be staffed by cybersecurity professionals who can provide threat analysis and expert help during a cyberattack. With a Managed SOC, SMBs can also perform vulnerability assessments to identify potential threats and address vulnerabilities.
4. Backup and recovery: A backup and recovery strategy is critical for helping organizations minimize the impact of downtime and facilitate a speedy incident response. A backup and recovery solution allows an organization to recover data and IT resources, enabling it to get back to work following a cybersecurity incident quickly.
5. Dark web monitoring: Cybercriminals often sell an organization’s stolen data on dark web forums, which allows other perpetrators to launch a cyberattack on the organization. A dark web monitoring solution scans through billions of pages on the internet to find leaked or stolen information, such as compromised passwords, credentials, intellectual property and other sensitive data. Once the solution finds compromised data, it alerts the impacted organization, enabling it to devise remediation strategies. An investigation is a critical stage of incident response.
6. Security awareness training: Most cyberattacks are caused due to human error, with cybercriminals increasingly using social engineering techniques to trap an organization’s employees. A security awareness training solution empowers employees to detect phishing lures easily and prevent their organization from costly cyberattacks. Organizations that engage employees in regular security awareness training have 70% fewer security incidents.

Source: ID Agent