fbpx
Connect with us

Diversity & Inclusion

How Cybersecurity Professionals Fight Cyber Attacks: the Cyber-incident Lifecycle

Published

on

COVID-19 changed all manner of trends, particularly in the area of e-commerce. E-commerce habits had an uptick of over 350% in 2020. This was a huge change compared to how the market was evolving in the previous years. This, for most companies, was a bitter-sweet tilt — not only had their growth been heralded by a global crisis, but they also had to face the challenges of keeping up with this upchuck in demand. That included re-envisioning their supply chains, improving their IT departments, maintaining stock, and – as the year soon showed – implementing robust cybercrime deterrents. Cybersecurity experts had to step up to the plate and efficiently approach their strategies to deal with digital attacks and keep up with that year’s crime wave.

Cybercrime in 2020 and beyond

In 2020, Cybercrime went up by 600%. Malicious actors, due to the influx of digital traffic brought on by e-commerce, saw an opportunity and took it. Malware infection grew from 812,67 million to a whopping 1.5 billion. macOS malware increased by 165%. Ransomware to 450% — the cost of it translates to over $6 trillion. 

In 2017, more than 8 million crypto-jacking events were blocked — that number quadrupled in 2020. Social engineering attacks became increasingly common — 3 out 4 people were targeted by them. 

Here are some other gruesome stats’ to bring the point home:

  • Identity theft grew by 65%.
  • Unauthorized account access by 17%.
  • Malicious attachments by 49%

And, the average cost of a malware attack on a company— $2.4 million.

The importance of professional cyber protection

2020 broke all records when it came to cyberattacks, data lost by breaches, and financial costs due to malicious digital activity. Companies, governments, and individuals were hard-pressed and constantly on the defensive. 

Attacks in 2020, became more sophisticated. Why? Due to a perfect storm of factors. 

  • The application of marine learning (AI) in most companies.
  • Emerging technologies.
  • 5G adoption.
  • Tactical cooperation between hacker groups.
  • Solar winds.
  • The increase in internet commerce. 
  • Unemployment rates going up in third world countries which ended with an  infusion of the hacking trade with desperate people simply looking to make ends meet.

This is why, now, more than ever companies have decided to invest in outside cybersecurity and have a powerful team at the ready. Research has consistently shown that most companies had dismal cybersecurity measures. By how much? On average, 5% of company folders are properly protected — and 78% lack confidence in their cybersecurity posture. 

More than 80% of senior IT learners believe that their organization has little to no protection against cyberattacks. 

And, finally, just to put everything into perspective and sink in the value of a SOCaaS team — thanks to the incorporation of AI sensors, 360º cameras, improved data links, and advanced computer logistics a cyberattack is more likely to bring down a commercial jet than a missile. As we said, the perfect storm. 

Everyone is scrambling, in every field to manage their breaches.

How does a Cybersecurity team face a growing threat?

Cybersecurity specialists are continually evolving, they are constantly updating their benchmarks and procedures to face a cyber incident and manage its lifecycle. 

The 6 main stages of cyberattacks SOCass focuses on are: 

Deterrence

The very first objective is to, well, scare the attacker off — make the task too complex or too risky for them. Deterrence prevents enemy action by presenting credible threats and counteractions in the event of an attack. It refers to the policies a company will take in the event of an attack. The key to deterrence measures is to create credible retaliation procedures and publicize them. 

Avoidance 

A SOCass, in general, likes to avoid enemy action. The internet is vast, it’s a jungle, and SOCass prevents your organization from making a fool of themselves. The digital world is full of dark alleys, stranger danger alerts, and pitfalls — a SOCass team highlights where they are located and tells your staff how best to avoid them.

Prevention 

Prevention is the cornerstone of your cyber strategy — it’s based on your company’s needs, values, and objectives. It’s creating a unique plan based on careful analysis of your infrastructure. Crafting security policies, security awareness measures, and access control.

Detection

If a system becomes compromised it’s essential that said attack is detected as soon as possible. IDS – Intrusion Detection Systems – are utilized for this purpose. 

Reaction

For detection to have an endgame there must be a timely response. A reaction plan is planned in advance and different scenarios are taken into consideration. Response plans are prioritized with action points and a CSIRT – Computer Security Incident Response Team – is always ready to take the lead if an attack takes place. 

Recovery

A SOCass team with a diligent and up-to-date recovery program ensures that your company’s daily operation goes back to normal in the minimal time possible. They provide your firm continuity after a disruption. 

Always be Prepared

“It’s too late to sharpen your sword when

the drum beats for battle.”

  • Winston Churchill

A SOCass team focuses a lot of their efforts on preventing, by all means possible, a cyberattack. They are trained to respond but their objective is to avoid a situation if possible. That’s why it’s critical to audit your company and have expert advice at the ready. It’s important to focus on the early stages of a cyber attack’s lifecycle. Why? Because if you have to react or recover it’s already too late — you will have losses.

Stanley Gatero is a writer at Disrupt Magazine. He covers topics concerning technology, entrepreneurship, news, and sports. He is an avid traveler.

Become A Crypto Expert

Categories

Recent Stories

Trending


Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.


Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.