By utilizing a managed SOC and incident response plan, companies can mitigate the risk of, or even prevent, ransomware attacks.
Ransomware is one of the most prevalent and dangerous types of malware. According to a recent SentinelOne survey, 48% of organizations had been hit by a ransomware attack in the last 12 months, with the average company being victimized six times!
Ransomware can disastrously affect any type of company or government entity. Typically, ransomware is deployed simply through an infected link or attachment through an email and affects the system or network through human error.
Because human error is at the heart of most cybersecurity incidents, you must ensure your employees understand the risks associated with all internet-connected devices and applications. Investing in properly training all of your employees on cybersecurity is the best method to prevent any type of malware, but especially ransomware, from being installed or from your data being breached. It can quite literally save your company.
Employees need to be educated not to open any attachments or click on any links from unknown users or how to spot phishing emails. They also need to be trained not to download or install any third-party applications or information unless it’s from a verified and trusted source. Employee training should include lessons on not distributing company or personal information to anyone unless it is a known source.
While training employees will help prevent a substantial amount of risk, nothing is foolproof. Companies also need to ensure their information security features are up to date. Install all updates to spam blockers, firewalls and other security products as well as all of the patches to your operating system and applications.
Take the burden of ransomware attacks off your internal IT team by utilizing a third-party cybersecurity expert to run an incident detection and response plan and SOC as a Service. By using a third-party, your company will be monitored 24/7/365 and can decrease the time it takes for the SOCaaS to identify and respond to a cyber-attack. The SOCaaS firm will be able to recognize security incidents in real time as they happen and will be able to stop the attack in its tracks or even prevent the breach from occurring all in a much more cost-effective manner than if your in-house team were responsible detection and responding to incidents.
On average, it takes a victim company 33 hours to recover from a ransomware attack, according to the SentinelOne study. However, data provided by CyberSecOp and its partners, the average downtime for a malware or ransomware attack was eight days for a small business and 13 days for a medium-sized business. You do not want to fall victim to an attack that will affect your company for a significant length of time while also exposing your customer’s data to cybercriminals. Your company can lessen its downtime by implementing an incident response plan. The incident response team will be able to quickly identify the compromised machine or system and isolate it, effectively stopping its spread. This not only saves time, but it also mitigates the cost of the incident. A third-party team will be able to efficiently restore or backup the breached data or machine and reinstall it to your network while your in-house team can keep the day-to-day operations functioning.
SubRosa's SOC as a Service and incident response offerings include non-managed, partially managed and fully managed and all of them will provide support services when an incident is detected. The benefits of utilizing a third-party for managed incident response include: increased response speed, reduced incident cost and improved response capabilities. Find out more here.