Managed incident response can be fundamental for some organizations. Today’s cybersecurity landscape is proving to be increasingly challenging for organizations across the world. The past years have seen an ever-growing level of business-critical reliance on digital systems and networks. Alarmingly, however, the implementation of enterprise cybersecurity has not kept up with the breakneck pace of technology adoption. This grave mismatch has opened up the doors to devastating cyberattacks.
In the current business environment, organizations operate a vast digital infrastructure that is often inter-linked to various sub-systems. Thus, the attack surface is broad and challenging to secure. Threat actors are also emboldened with the latest tools and deploy complicated techniques to detect and exploit any potential vulnerabilities. The skyrocketing scale and frequency of these cyberattacks are a cause for concern. Despite an organization’s best efforts, no network or system is completely invulnerable. That is why an effective incident response capability is the need of the hour. Many organizations are turning to managed incident response to meet this need.Some organizations opt for a managed incident response. Whereas, others opt for a hybrid approach. Here are four reasons why managed incident response is key to surviving a cyberattack:
Properly managing the aftermath of a security incident is a complex task. It requires the expertise of incident responders specially trained to handle such scenarios. An IT team or SOC may monitor and detect threats on your infrastructure. But, effective incident response capability requires specialist expertise. Moreover, incident responders possess extensive real-world expertise, methodologies, protocols, tools, and necessary software stacks to handle the aftermath of a cyber attack. They are also up-to-date with the latest happenings and continually hone their skills. A managed incident response ensures that you have access to highly skilled personnel and resources when you need them.
Training and maintaining an in-house team of security professionals throughout the year is expensive. There is also a range of associated overhead costs such as specialist tools and infrastructure. These factors can compound the issue even further. The longer the downtime of the affected servers and applications, the more severe is the financial brunt. If your internal team is unable to handle the issue quickly, costs may spiral out of control. Or, the threat may even pivot to other areas of your network.On the other hand, managed incident response means bearing only the cost of availing an external service provider’s offering. The cost-per-incident is important. On an overall scale, managed incident response offerings may present a lower cost-per-incident for many organizations. Especially for small and medium firms, the savings can be sizable.
When a cyber-attack occurs, organizations go into damage control mode. Often, IT personnel who may already be stretched thin may face further pressure. Managed incident response takes the pressure off of your in-house team and prevents the situation from worsening. Otherwise, this additional pressure may affect operations in other areas. Or reduce your threat monitoring capabilities which can leave your organization in an even more vulnerable position. From lower management oversight to minimal support requirements, a managed incident response also reduces the complexity of managing the outcome of a cyber attack.
Managed incident response offerings come with an added benefit of scalability. Depending on the scale and severity of the cyber attack, incident response capabilities can be easily scaled up.Often, a managed incident response service provider will also have a more robust forensic analysis capability. This insight can help patch up the vulnerabilities more effectively and prevent similar attacks in the future. A quick and effectively managed incident response helps instill confidence in stakeholders. But, an in-depth forensic analysis will help bolster that confidence further and create an overall better cybersecurity culture.For many organizations, a managed incident response may help them not only survive cyber-attacks. But also help them mitigate their potential impact by manifold.