fbpx
Connect with us

Diversity in Tech

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

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.

Advertisement Become A Crypto Expert

Join Disrupt Magazine

Become A Crypto Expert
Become A Disrupt Contributor

Most Disruptive

Entrepreneurship4 months ago

Navy Veteran Davis Chris Takes the Music Industry by storm

In life, you need to break down anything that might be holding you back and change course if need be...

Entrepreneurship4 months ago

5 Disruptive Leaders Paving the Way in 2021

Where there is uncertainty, lies a whirlwind of opportunity. 2020 was the year that had entrepreneurs learn a great deal...

Politics11 months ago

Brock Pierce Wants To Disrupt The Two Party System And Be Your Next President

We don’t usually cover politics much here at Disrupt, but when Crypto billionaire and friend of the show, Brock Pierce...

Business1 year ago

John Mcafee – Predictions For The Future

John McAfee is a world-famous tech CEO, computer scientist, civil disobedience activist, privacy advocate, and pioneer of the commercial anti-virus...

Finance1 year ago

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Entrepreneurship1 year ago

Tony Delgado – The #1 Entrepreneurship Movement In Puerto Rico

Puerto Rican online market is in constant progress. With many entrepreneurs who are coming here to start a business, it...

Entrepreneurship1 year ago

Elena Cardone – The 10X Ladies Conference Is Declaring 2020 The Decade For Women

The next ten years are meant for women to continue growing their potential and succeeding in multiple areas, including business....

Marketing2 years ago

How Josh Elizetxe Built Snow Into a $40 Million Dollar Business

There is nothing quite like an entrepreneur’s determination when starting a business. That’s my original quote by the way (pun...

Entrepreneurship2 years ago

How Jason Capital Became A Self Made Millionaire By 24

Have you ever wanted to earn the respect of everyone who ever looked down on you at some point in...

Entrepreneurship2 years ago

Sam Bakhtiar On His Way To A Quarter Billion

Dr. Saman Bakhtiar, who prefers being referred as Sam, lives in an 8200 square foot $5.2 million house, Sam is...

Trending

Copyright © 2020 Disrupt ™ Magazine - Disrupt is a Minority Owned Privately Held Company

Disrupt ™ is the voice of Latino entrepreneurs around the world. We are part of a global movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities around the world. 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. This Podcast was designed to give them a taste of that.