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Data breach and response preparedness

24 Aug 2020 | Marc Brown & Dmitry Kuchynski

Cybersecurity issues have become a day-to-day struggle for government ministries and businesses, with estimated costs exceeding $6 trillion globally by 2021. Recent trends and cybersecurity statistics reveal a huge increase in breached systems and data from sources that are increasingly common in the workplace, like mobile and IoT devices.

These statistics paint a daunting picture for CISOs and CIOs:

  • Worldwide spending on cybersecurity is forecasted to reach $133.7 billion in 2022. (Gartner)
  • 61% of businesses experienced phishing and social engineering attacks in 2019. (Gartner)
  • 68% of business leaders feel their cybersecurity risks are increasing. (Accenture)

The likelihood that companies will experience a security incident continue to rise every year. In fact, several recent studies show nearly two-thirds of organisations have or will be breached in the next 18 months. While most organisations have put a breach preparedness plan in place to combat such incidents, most executives aren't advancing (maturing or practicing) the plan regularly.

The foundational aspect of every security and breach resiliency program is risk management. Unfortunately, many organisations still don't have a clear understanding of their digital assets, attack surfaces, weaknesses, and adversarial threats. Additionally, many organisations don’t have the necessary partners needed or incident retainers in place to quickly respond to incidents.

To combat the dangers of cyber-attacks, cybersecurity leaders must partner with organisations who provide vulnerability assessment, adversarial threat analysis, and penetration testing services (or VAPT services).

What is VAPT?

Generally speaking, organisations that provide VAPT services evaluate applications, networks, computer systems, infrastructure and occasionally even human interactions. The goal of the work is to research, identify and analyse vulnerabilities, exploits and possible threats in their environments. The independent findings are reported directly to the clients, enabling them to develop a roadmap to fix and strengthen their overall security posture, while advancing and strengthening their cybersecurity maturity.

To get started, you will need to find a VAPT services provider that has the right specialization for your needs. This includes knowledge of local regulations, efficient penetration testing of software, hardware, networks, web and mobile applications, and social engineering (i.e., phishing), and highly skilled adversarial threat analysis. You should also see what level of risk your organisation has today by performing Digital14’s 5-minute online cybersecurity assessment.

Today, VAPT experts serve as a de facto cybersecurity expert inside organizations, advising executives, IT and developers on risk management, threat modelling, planned implementations and other security issues. For example, our team at the Digital14 xen1thLabs work across multiple specializations:

  • Support penetration testing of hardware, software, OT, telecommunications and performs crypto assessments.
  • Support real-world breach scenario research and incident response mechanism development for IoT, infrastructure, networks, web and mobile apps.
  • Support malware and digital forensic services.
  • Provide threat modelling inline with asset discovery which raises our clients breach resiliency maturity over time.

To learn more, visit xenth1Labs today.

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