Every 39 seconds, a company falls victim to cyber-attack. By the time you finish reading this article, eight would have been impacted. The criticality of information security has made it the third largest global economy. Conversations are now focused on the importance of having cyber resilient CEOs who can assure business success despite information security challenges.
Pakistan is no stranger to cyber-attacks. With increasing complexity of threats and limited understanding of security domain, businesses constantly face challenges in strategizing, prioritising and appropriately implementing security controls. Lack of real-time visibility and protection is a major culprit in getting organisations breached from unanticipated avenues.
Companies without visibility find out about attacks only when their reputation has been tarnished. They are unable to identify when their organisations are targeted, command and control connections are established and privileges are gained by hackers to accomplish their objective.
To combat evolving cybercrime, it is mandatory for companies of all sizes to monitor and protect their environments in real time. The response time companies have to contain breaches is shrinking continuously; ransomware now takes less than two hours to go from infection to data exfiltration/encryption. Such dwell times mandate that you not only detect signs early, but also predict attacks before they occur and respond.
A well-established Security Operations Centre as a Service (SOCaaS) is an ultimate solution to tackling cybercrime and equips you with resources and expertise to proactively respond to threats round the clock. It predicts events, provides real-time monitoring, deep dive contextualisation, advanced intelligence and automated response. Above all, it empowers companies with highly skilled resources who can understand the criticality of vulnerabilities and provide risk-based prioritisation along with strategic control adoption.
One look by a SOCaaS engineer can quickly give you insights into your anomalies that, at times, even hours of alternate resources cannot. Be it blocking malicious traffic, isolating endpoints, preventing users from clicking phishing links or managing rogue users, SOCaaS brings an assurance that threats will be timely contained.
Locally hosted SOCaaS comes with premium support plus high availability and disaster recovery measures available across locations in Pakistan. Unlike international cloud, this solution provides service assurance even in the case of internet disruptions.
Most importantly, it gives you control to vet environments managing your security, see where your data is stored and know teams running your operations.
The objective of organisations must always be to maintain a strong security posture. No challenge is strong enough to prevent this from happening. As per Accenture's report in 2023, cyber resilient CEOs are already seeing healthier financials with security investments – 16% on incremental revenue growth and 21% on cost control measures. As security leaders, it is our mission to ensure companies seeking this resilience are not left behind in the race.
With the right collaboration, organisations can enhance business sustainability, gain market trust, improve financial health and pave the way to attain edge in their respective target markets.
The writer is the Senior Vice President of Titanium, MSSP division of Cybernet and Pakistan's premiere locally hosted SOCaaS provider
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