Proactive Incident Response : The Way Forward Essay

A recent increase in large scale data breaches has exposed a multitude of cybersecurity vulnerabilities that pose a definite risk to consumers (Lorio, 2017). In some cases, a data breach can distress an establishment so much that other organizations experience a backlash from the repercussions (Kosseff, 2011). The Equifax data breach of 2017 is a perfect example of this kind of event as it caused an overwhelming economic repercussion that affected other major corporations and more than 143 million credit card customers worldwide (Janakiraman, Lin, & Rishika, 2018).

The data breaches at Target, Home Depot are reminders to CIOs of how deadly social engineering can be. CIO’s and CSO’s realize the dangers of security problems on a massive scale. These are some deliberate security breaches that happen when an employee shares a password or loses a mobile device. An employee might access a website at work that loads malware onto his PC, which then spreads throughout the corporate network. In other cases, security breaches occur when a disgruntled employee leaves the company and takes with him valuable intellectual property that belongs to the company.

addressing and managing the aftermath of a security breach or attack (also known as an

The data breach at the U.S. Office of Personnel Management (OPM) comprised of two likely connected and possibly coordinated incidents to obtain sensitive information of 4.2 million current and former government employees and security background information of 21.5 million individuals starting in July 2012 through 2015. This first report will provide information that describes the attack origin on how attackers gain access into the OPM infrastructure, the action performed, the assets compromised, and the state effect of the vulnerabilities. Moreover, brief the direct and intangible cost of the OPM cybercrime into the numerous impact factors.

Hackers are extremely clever at finding ways to get their hands on what they want. In some cases, this can include the most personal of information. According to a recent report published by the Identity Theft Resource Center, “More than 368 big data breaches have been reported in the first half of 2014” (Srinivasan 1). These are more than just individual breaches as each database may include thousands of people in each. With each case being on such large scales, the magnitude of these breaches is extremely massive. The identities and data of the people in these databases were at extreme risk. In 2011, there was a huge attack on Sony’s PlayStation Network. At the time, there was a huge amount of people – about 77 million – that

Computer security breaches have been occurred in too many places since information technology is used. Security practitioners declare that those breaches incident cost vast businesses that is estimated more than $1 billion, according to Pinsent Masons, (2014). There are also non-financial costs that companies may suffer. Figure 1 is illustrated World's Biggest Data Breaches that happened last decade.

Whenever we hear of data breach, we might think that there is evil guy who is doing things in his computer to hurt us. But, data breaches happen because of much more complex reasons. The responsibility of a data breach lies on the hacker, place/organization where the hack happened, and increasingly on the very victims of such breaches. Now, imagine yourself leaving you house open and someone steals from your home, would you not hold yourself responsible. The same applies in the digital world. When an organization commits such mistakes the impact can be just devastating. One such devastating attack is the attack on retail chain TJX, and its impact still reverberates in our world.

Cyberattacks are on the rise, and organizations need an organized approach to managing an attack or breach. However, before the security team can respond to a breach, the attack must first be detected. According to an article published on SecurityWeek.com, in 2015, the median time that attackers were in the victim's network before detection was 146 days. While this is a vast improvement over the 416-day window that existed in 2012, there are still breaches that are not detected for years. However, cybersecurity professionals are often too optimistic about how quickly they can detect and respond to a breach. In various surveys, many respondents state that they can

But the latest data breaches that have occurred in various organizations like Sony, Target, and T-Mobile have confirmed that complying with only these regulations are not adequate to prevent security breaches. For example, Target couldn’t prevent the data breach even though it was compliant with PCIDSS and other regulatory standards. Hence, apart from complying with regulatory standards, it is essential for an organization’s information security program to be more holistic and robust to expect and alleviate new emerging threats trying to exploit vulnerabilities in its information systems.

Some businesses have problems with not only networks, but security breaches within their company. Also, a security breach is a incident in which sensitive, protected or confidential data is copied, transmitted, viewed, stolen or used by an individual unauthorized to do so. Security breaches happen every day and sometimes it’s hard to find where it is happening. Challenges with security breaches include lack of protection over customer’s information, lack of monitoring, lack of authentication passwords and, lack of validated users.

One of the biggest challenges that businesses face today is planning and preparing for security breaches, especially how to react and respond to cyber security incidents and security breaches. Security-related threats have become quite a nuisance and are more diverse than ever before. The security-related threats have become more disruptive to business processes and more damaging to company’s reputation. With preventative activities encompassing the results of risk assessments, penetration tests, and an effective vulnerability management programs can lessen the effects and decrease the impact of incidents. There is no way to completely prevent all incidents from happening within the company’s networks during

A recent survey of security breaches at Fortune 500 companies showed that breaches in information security could result in annual financial losses of up to $24 billion. With that said, 90% of large corporations have found one or more breaches in their computer security and even worse, 70% of those detected breaches were considered severe, many resulting in proprietary information theft and financial fraud. Hackers can use several different paths through any application to harm the business. If the companies secure host and network-level entry points, focus of attacks usually shifts to the public interfaces.

One of the biggest challenges that businesses face today is planning and preparing for security breaches, especially how to react and respond to cyber security incidents and security breaches. Security-related threats have become quite a nuisance and are more diverse than ever before. The security-related threats have become more disruptive to business processes and more damaging to company’s reputation. With preventative activities encompassing the results of risk assessments, penetration tests, and an effective vulnerability management programs can lessen the effects and decrease the impact of incidents. There is no way to completely prevent all incidents from happening within the company’s networks during day to day operations. Having

The security manager of a company knows that the integrity of the company’s information is a serious asset and that fraud, skilled by compromising this integrity, is a major threat. Fraud can be attempted by inside or outside attackers.

Each day our world and our lives depend more on information systems, systems that can guarantee that our informations are secure and available just for our own purpose. Lots of companies work just if critical information which is stored on their databases. It is the responsibility of these companies to guarantee with their costumers that this data is secure. Lots of those companies are concerned about their databases and try to improve their security however. According to last year 's Internet Security Report from Symantec, almost no company, whether large or small, is immune to cyber attacks. Five of every six large companies (2500+ employees) were targeted with spear-phishing attacks in 2014, a 40 percent increase over the previous year[1]. Normally, companies are aware of theses attacks and are trying to invest more and more in security. It’s important to point out that attacks are not just from the outside; breaches and even data leakage can be accomplished by inside employees. So, it’s really important to protect against inside and outside attacks.