DIGITAL RISK MANAGEMENT
Operating in an ever-evolving environment of threats, litigation, and regulation has both broadened the spectrum of risk and deepened the potential loss that companies face in their daily operations. The potential for these risks to cause economic loss and reputational damage has demonstrated a major gap in digital security.
Figure 1: Percentage of Organizations Experiencing Data Theft (Exfiltration) by Time
Figure 2: Percentage of Organizations to Detect and Contain a Breach by Time
Impact Mitigation Questions
- Can an attacker be prevented from exploiting a weakness?
- How could the means that the attacker would use be prevented?
- Could the probability of a threat be reduced?
- Assuming an intrusion is inevitable, can the impact of the threat be reduced
Does Your Risk Process Account for Todays Threats?
Hackers subvert network defenses in moments.. Sadly, most organizations need months before they even detect a breach. Consequently, once a breach is confirmed, an equal amount of time is spent working towards containment.
- Cyber Crime & Extortion
- Corporate Espionage
- State-Sponsored Attacks
- Business Interruption
- Informational Assets
- Privacy & Security Liability
"We've spent over 12 years building our reputation, brand, and trust with our customers. It's painful to see us take so many steps back due to a single incident." Zappos CEO Tony Hsieh
Figure 3: Probability of Data Exfiltration by Infiltrated Time
Reduce Compromise Time
Improved situational awareness and deploying an intrusion management system will collapse an attackers compromise time. Compromise time is critical for an attacker to infiltrate, circumvent defenses, and exfiltrate data.
Prevention is Key
Continuously monitoring your networks can help predict and defend against imminent attacks. Improving detection sensors and up-to-date security posture will reduce the likelihood of a successful attack.
Mitigate the Risk
An organization without an active framework to prevent, detect, and respond to active threats is likely to be defenseless during a major data breach. What most organizations fail to realize is that crucial data can be found within their existing IT data and security events. When security event data is monitored regularly, you can often see an attack can be seen as it is being planned -- and stop it before escalation, reducing your overall risk.