In the age of the digital world, cyber threats and vulnerabilities have gained the attention of security leaders as well as countries across the globe. The issue of cyber warfare is no longer limited to organizations. Rather, even state-sponsored cyber-attacks are being organized and launched against enemy states. Reuters news agency in the UK reported that the Carnegie Endowment for International Peace discovered that cyber-attacks on financial institutions are increasingly being linked to nation-states and the damages were disruptive and destructive, rather than just theft. The majority of nation-state attackers belonged to North Korea, China, Iran, and Russia.
Automation in security solutions has gained traction in the last 2-3 years and a SOAR solution is a prime example. SOAR stands for Security Orchestration, Automation, and Response. Without a doubt, automation is the need of the hour for an organization’s cyber security and SOAR rightly helps your SOC by enabling the internal security team to focus on serious and important events or incidents, instead of going through a plethora of events with no or minimal risk.
Cyber space is continuously evolving and so are the attack techniques employed by the attackers to harm a business, whether financial or reputational. With the increased malicious activities on the internet, cyber security is not a 9-to-5 job anymore. It requires continuous security monitoring of your organization’s technical infrastructure so that even if a security incident occurs, it is contained immediately and mitigated without causing large-scale damage to the organization.
Incident Management and Collaboration
Incident Management and Collaboration is another of Security Orchestration, Automation and Response (SOAR) platforms’ essential practice whereby security teams can manage security incidents, collaborate, and share information to deal with the incident efficiently and effectively. The best incident management and collaboration plan answer the following questions: