Ponemon and AccessData Study Reveals Majority of Organizations Unable to Effectively Respond to and Resolve a Cyber-Attack
Recent major retailer breaches amplify the need for smarter and actionable threat intelligence
LINDON, Utah--(BUSINESS WIRE)--AccessData, the leader in incident resolution solutions, and the Ponemon Institute today released new findings focused on the current state of incident response and threat intelligence and how both can be improved to better benefit organizations. The report, Threat Intelligence & Incident Response: A Study of U.S. & EMEA Organizations, sponsored by AccessData, surveyed 1,083 CISOs and security technicians in the United States and EMEA about how their company handles the immediate aftermath of a cyber-attack and what would help their teams more successfully detect and remediate these events.
“It’s readily clear from the survey that IR processes need to incorporate powerful, intuitive technology that helps teams act quickly, effectively and with key evidence so their companies’ and clients’ time, resources and money are not lost in the immediate aftermath of the event.”
Startling findings show that the lack of incident detection and investigation puts companies and their CISOs’ jobs at significant risk. In fact, when a CEO and Board of Directors asks a security team for a briefing immediately following an incident, 65% of respondents believe that the briefing would be purposefully modified, filtered or watered down. Additionally, 78% of respondents believe most CISOs would make a “best effort guess” based on limited information, and they would also take action prematurely and report that the problem had been resolved without this actually being the case.
This alarming disconnect results from several critical shortcomings in the current point solution approach to cybersecurity and incident response (IR), namely:
- Lack of timely compromise detection: 86% of respondents say detection of a cyber-attack takes too long;
- Inability of point solutions to prioritize alerts as they come in: 85% say they suffer from a lack of prioritization of incidents;
- Lack of integration between point solutions: 74% say poor or no integration between security products negatively affects response capabilities; and
- An overwhelming number of alerts paralyzing IR efforts: 61% say too many alerts from too many point solutions also hinders investigations.
“When a cyber-attack happens, immediate reaction is needed in the minutes that follow, not hours or days,” said Dr. Larry Ponemon, chairman and founder of the Ponemon Institute. “It’s readily clear from the survey that IR processes need to incorporate powerful, intuitive technology that helps teams act quickly, effectively and with key evidence so their companies’ and clients’ time, resources and money are not lost in the immediate aftermath of the event.”
Further, the respondents also shared growing concerns about the inability to find the root cause of a compromise. While 66% of respondents believe determining root cause of prior incidents enables them to strengthen defenses, 38% of respondents say determining the root cause of a compromise could take a year while an alarming 41% believe they would never be able to identify the root-cause of security events with certainty.
Lastly, integrated threat intelligence – a hugely promising approach to arming CISOs with the latest indicators of compromise (IOC) information and ability to confirm threats – appears to be largely unusable by current security products, with a full 59% of respondents saying they are not able to efficiently and effectively use threat intelligence with their existing security products.
“Today, companies focus primarily on the protective aspect of their information security,” said Craig Carpenter, Chief Cybersecurity Strategist at AccessData. “While protection is obviously important, this research reinforces the critical need for organizations to invest in automated IR technology integrating security, forensics and eDiscovery solutions to facilitate not just incident response, but incident detection, investigation and resolution. CISOs are clearly saying their disparate tool sets are not keeping up with the threats they face. What they need is an incident resolution platform that doesn’t just integrate alerts from myriad point solutions, but makes intelligence actionable and automates significant portions of the IR process, allowing them to focus on the most pressing incidents.”
Additional key findings revealed that current security products make it difficult to import multiple threat intelligence feeds or quickly investigate mobile devices:
- 40% say none of their security products support imported threat intelligence from other sources
- 86% rate the investigation of mobile devices as difficult
- 54% say they are not able to or unsure of how to locate sensitive data such as trade secrets and personally identifiable information (PII) on mobile devices
For further details, please join us for an engaging AccessData CISO Panel Luncheon at RSA 2014.
Living in a World of Continuous Compromise
Wednesday, February 26, 2014, 12:00 – 1:30 pm PT
San Francisco Marriott, 780 Mission Street, San Francisco, Room Pacific I
Larry Ponemon and security experts from AMD, Schlumberger, IDT Telecom and Securosis talk about their secret weapons in recovering from a cyber-attack and data compromise.
RSVP at www.accessdata.com/rsa-lunch
At RSA, AccessData will be located in Booth #2338, South Expo Hall of the Moscone Center.
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About the Ponemon Institute
The Ponemon Institute© is dedicated to advancing responsible information and privacy management practices in business and government. To achieve this objective, the Institute conducts independent research, educates leaders from the private and public sectors and verifies the privacy and data protection practices of organizations in a variety of industries. For more information, visit www.ponemon.org.
AccessData Group makes the world’s most advanced and intuitive incident resolution solutions. AccessData technology delivers real-time insight, analysis, response and resolution of data incidents, including cyber threats, insider threats, mobile and BYOD risk, GRC (Governance Risk & Compliance) and eDiscovery events. Over 130,000 users in corporations, law enforcement, government agencies, and law firms around the world rely on AccessData software to protect them against the risks present in today’s environment of continuous compromise. http://accessdata.com.