In this day and age, we are constantly playing keep up with technology. On a personal and a workplace level, it feels like a new device or software is being released right around the time we master its predecessor. The same challenge exists in the realm of cyber security.

cyber security strategy can provide positive ROI

A well calculated cybersecurity strategy can provide an easily defendable ROI

In order to justify your company’s investment into a comprehensive next-generation cybersecurity strategy, you must be able to prove that keeping up with the latest industry trends and tools is not only a responsible security posture, but that it provides a justifiable ROI. Consider this: the industry has been providing clients with defense oriented solutions for the greater part of a decade now, and yet breaches still occur. Many solutions are on their way out or have become obsolete on their own, and it is becoming standard to use a multi-faceted, orchestrated approach with cybersecurity strategies. In other words, building a plan predicated on prevention, detection and response (our main emphasis), is already the new trend. With so many cyber attacks happening to major companies and entities over the past year, solidifying a strategy is more important than ever. With that in mind, and accepting trends in attacks, let’s discuss the 3 bulkheads of a cyber security strategy.

1.) Prevention

Prevent infiltrations from happening in the first place. It is easier said than done, but it is still nice to imagine. Even so, you can imagine the multitudes of organizations that regret not taking extra precaution vis a vis preventative measures. As an initial step, a simple education for your employees goes a long way. A lot of these attacks upon employees happen initially through phishing emails, simply because an employee clicks a malicious link left in a communication, with little understanding of potential risks. As a matter of fact, your employees can oftentimes be the proverbial front line against potential threats. This falls under the category of a holistic approach to cyber security strategies, and securing weak links can become a defensible mandate over your overall security culture.

Effectively determining where your points of weakness are, and acting in accordance to them, will help you determine your dependencies, hotspots and the tools you need to understand your cyber threat landscape. Constantly reinforcing and fortifying an existing system is not a long term plan or strategy. Honestly assess what you have now, where your known weak spots are, and from that come up with better preventative measures.       

2.) Detection

Risk detection serves as a major facet in any legitimate cyber security strategy. In this step, you are building your theoretical wall that will minimize penetration. Much like tearing down the system from the inside, assessing your points of susceptibility will provide you with an honest, unbiased idea of where you need more work and where your infrastructure is lacking. Some of the best practices to help detect risks includes: Identifying and documenting asset vulnerabilities, internal and external threats, acquiring threat and vulnerability information from external sources, identifying potential business impacts and likelihoods, determining enterprise risk by reviewing threats and identifying and prioritizing risk responses. Only when you have a realistic viewpoint of where your vulnerabilities reside will you be able to rebuild your new detection strategy.

3. ) Response          

Incident Response is key. After you have set up the wall of defense, and it is penetrated, you have to be the one armed to the teeth with weapons for response, reporting and remediation. That is why we consider security orchestration and incident response processes the most essential tool in your cybersecurity strategy and security operation. After 10 years of honed in focus on prevention, and day to day analysts inundated with alerts, the industry is finally beginning to rely on next generation response platforms capable of building actionable threat storyline, true alert prioritization and powerful case management. Developing a consistent strategy among your staff and being able to report on the actions taken to remediate the most important alerts is essential.

With so many new methods and angles of attack out in the internet ether, it is difficult to know when your company’s information is fully protected. But, with a coherent, sound cybersecurity strategy, you can decrease the odds of vulnerability. By finding your current system’s vulnerabilities, assessing other potential risks, and orchestrating your existing security tools to maximize visibility, you are strategizing your success and guaranteeing a profitable ROI. Keeping costs to a minimum is key in any industry and certainly in security operations centers across the globe, but by investing in a fully realized, three prong approach to prevention, detection and response, you can increase your odds of success. In the event your security is breached in spite of the first two steps, an adequate and consistent response strategy and platform are essential. All these combined can justify your company’s organized and prioritized investment into a cybersecurity strategy.