The cost of a data breach in 2022 is expected to exceed $1 trillion, and the cost of incident response will be even more significant. Most breaches are caused by DoS and credential stuffing attacks. However, there are several ways to mitigate the risk of a breach. DevSecOps and AI platforms are emerging as effective ways to protect your systems and prevent future incidents. Read on to learn more about these technologies.
Cost of a data breach in 2022
IBM’s latest report, “Cost of data breach incident response in 2022,” draws input from 550 companies in 17 countries. The report estimates that organizations will need to spend an average of $4.4 million per data breach to prevent and respond to such incidents. In addition, 83 percent of companies will experience more than one data breach. To combat this, it is important for companies to have an effective data breach incident response strategy.
DoS and credential stuffing attacks cause most breaches
These attacks are difficult to detect and contain. They use stolen or exposed credentials to gain access to different websites or systems. Once breached, the stolen credentials can be reused and abused for financial fraud. In some cases, they may even shut down an entire network. As a result, the impact of these attacks can be devastating to companies. If you are concerned about the cost and impact of these attacks, you should invest in a multi-factor authentication system.
AI platforms
Artificial intelligence (AI) is changing cybersecurity. It can spot and evaluate risks faster than humans. The technology can also analyze malware and reduce alert fatigue. It can also identify the source of a security breach and help incident response teams quickly triage incidents. Ultimately, AI will help organizations improve their overall cybersecurity and especially incident response breach. CISOs should take advantage of AI in incident response to protect their organization from future breaches. But how can AI help CISOs protect their business?
DevSecOps
If you’re not addressing the issue of security in your development and deployment processes, you’re not alone. Many organizations are struggling to implement DevSecOps and its best practices. The truth is that multi-cloud security is much more complicated than following cloud provider baselines and compliance best practices. This new approach is necessary to protect applications across the multiple clouds your organization uses.
Mandiant’s XDR technology reduces data breach lifecycle
According to a new report by Mandiant, XDR capabilities can reduce the data breach lifecycle by up to half. Organizations that implement XDR solutions report a 29-day average data breach response time. This demonstrates the power of XDR technology, which eliminates security silos and prioritizes threat responses. With increased threat sophistication and fewer resources to respond to them, the market for XDR solutions is expected to grow steadily.
Conclusion
The year is 2022, and a major data breach has just occurred. Sensitive information has been leaked, and panic is beginning to set in. But don’t worry, the incident response team is on the case. We’ve assembled the best and brightest minds in the field to help contain the damage and get things back to normal as quickly as possible. Here’s what you can expect from us in the coming weeks:
-A thorough investigation of the breach to determine how it occurred and what sensitive information was leaked.
-Working with law enforcement to apprehend those responsibly and bring them to justice.
-Notifying those affected by the breach and helping them protect themselves from further harm.
-Putting new security measures in place to prevent future incidents from occurring.
