There’s no doubt that any infringement on your organization’s data can heavily impact your business’s bottom line and reputation. In order to combat these repercussions, businesses must develop personalized cybersecurity best practices that help them locate their vulnerabilities and provide them with the framework needed to respond to any risks.

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Business leaders typically don’t have the time in their hard-pressed schedules to focus extensively on day-to-day data security operations. However, it’s not something organizations can ignore. Without the proper tools and insight, businesses may not know that they are at risk of a data breach until it has already happened. Considering the impact a security risk can have on your business’s brand reputation, daily operations and financial bottom line, it is imperative that you place cybersecurity at the forefront of your priorities.

You may need to outsource your incident detection and response tools to intelligent services that assess, prevent and handle cyber risks. That’s where Certitude Security’s incident detection and response service comes in.

Cyber risk management

The security risk management cycle is the ongoing process of finding, assessing and responding to cyber incidents. Before they respond to different types of risks, businesses should analyze the chances of an attack occurring and determine the possible impact it could have on the organization. Once they’ve compiled this information, they should decide exactly how they’ll handle these potential attacks.

In order to combat present and future cybersecurity issues, your business should develop a comprehensive risk management process that makes the most of the scope of your resources. The most proactive way to handle cybersecurity risks is to mitigate them, taking control of them before the issue escalates. An insightful risk management approach might not be able to eliminate a threat altogether, but it may have the capacity to prevent future attacks from occurring. An effective system should incorporate situational awareness in order to encourage well-informed decisions on how to handle these risks. In addition, the management process of cyber risks takes on resource governance and allocation, as well as a holistic approach that combats data breaches across the whole organization.

One of the most impactful features of a risk management program is its capacity for incident detection and response. The National Institute of Standards and Technology (NIST) noted the need for these functions as a means to “minimize loss or theft of information and disruption of services caused by incidents.” In addition, this stage of the risk management process involves undergoing assessments that allow businesses to locate exactly what elements need to be strengthened.

Measuring the effectiveness of incident response

In order to make sure they’re getting the most out of their cybersecurity services, businesses may want to evaluate the progress and capabilities of their incident response plans. They will want to ensure they have the right people, technology and tactics in place to stay ahead of cybersecurity attackers. The most effective way to measure the productivity of your action plan you have is to undergo scenario-based testing. This takes a critical look at your present cybersecurity policy and locates any weaknesses that are not apparent on a surface level.

One tactic you can take is a simulation in which a team of cyber experts forge an attack against your data, just as a hacker might in a real-life situation. Have your team respond to this “threat” as if it were genuine. After the simulation, sit down with both parties to determine which strengths and weaknesses everyone identified throughout the process, then develop an improved organizational outlook on how to deal with cybersecurity threats going forward.

Another approach you can take is to assess the skills the company has available for locating the presence of risks across the organization. Just as it is important to know how to handle an attack once it has been tracked, it is crucial that businesses have the capacity to detect and locate potential threats before disaster strikes.

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Readiness should not be limited to response after an attack. Right now, malware is likely sitting undetected on systems within your network. We know from experience that exploits to published vulnerabilities exist within your networks, computer systems, control devices and other digital assets. It is also far less likely, but there may be an ill-intended user within the walls of your business who could use authorized access to inflict damage. In some areas, tighter security practices and least privilege may be warranted. Other areas may be technically or feasibly impractical to secure further, but might warrant stronger capabilities to detect potentially malicious activity. Every manufacturer should institute some variation of a secure and intentional approach that is aligned to its cyber risk posture and program.

Certitude Security provides the evaluation tools your business needs to assess its abilities to locate cyberattacks and mitigate the damage they can inflict upon the organization. We boil it down to the metrics that matter in reducing the impact of a cyber breach.

If you’d like to find out more about our incident detection and response solutions, contact us today.

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