Ignoring Cybersecurity is Enterprise’s greatest Peril

Ignoring Cybersecurity is Enterprise’s greatest Peril
Mrinal Chakraborty
October 4, 2023

Cyber threats are evolving, with identity-based techniques on the rise. Organizations must adapt security practices, reduce breakout times, and align with technological innovation. Learn more about TAO's view point on this topic.

Ignoring Cybersecurity is Enterprise’s greatest Peril

Mrinal Chakraborty is a Senior Director and Strategic Advisor for Tao Digital, focused on the intelligent automation and digital transformation sector.

As we design solutions for organizations seeking to manage remote and hybrid teams, as well as navigate an uncertain global economy while operationalizing years of digital transformation, we must be mindful of the increasingly sophisticated and relentless nature of modern adversaries. Their attacks have become more damaging, leading to disruptive trends threatening productivity and global stability in the current enterprise's operational scope.

During the past few quarters, we have observed a concerning trend in cyberattacks, with around 80% utilizing identity-based techniques to exploit legitimate credentials and evade detection. In addition, our research indicates that adversaries increasingly rely on stolen credentials, with a staggering 112% year-over-year rise in advertisements for access-broker services detected in the criminal underground. Therefore, it is crucial for organizations to understand the intricacies of identity theft and implement robust measures to enhance their defenses, staying several steps ahead of the adversary.

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We firmly believe that as an enterprise, we must make a concerted effort to align our security practices with the rapid pace of technological innovation that we incorporate into our products and services. From the cloud to Kubernetes, from AI to applications, and beyond, as technology continues to grow in complexity and deliver substantial operational benefits, our security measures must evolve to safeguard the productivity gains we achieve.

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As architects, we recommend that the enterprise security team prioritize taking proactive measures to decrease the average breakout time for interactive e-Crime intrusion activity. Even a few minutes per quarter reductions can make a significant difference. By responding within the breakout time window, the SOC teams can mitigate the costs and other damages caused by cyber attackers. Additionally, with the integration of AIOps and streamlining of alerts and warnings, security teams should regularly assess whether they are meeting the 1-10-60 rule: detecting threats within the first minute, comprehending the nature of the threats within 10 minutes, and responding within 60 minutes.

Observability platform findings have revealed that attackers are now focusing on exploiting weaknesses in authentication processes and targeting vulnerable identities, instead of disabling antivirus and firewall technologies or manipulating logs

Mrinal Chakraborty, Digital Transformation Leader, Tao Digital Solutions, India.

Having a strong Enterprise Security partner with proven expertise is crucial for several reasons:

Firstly, an experienced partner brings a wealth of technical expertise in the field of cybersecurity. This includes knowledge of emerging threats and vulnerabilities, as well as the latest tools, technologies, and techniques for detecting, preventing, and mitigating cybersecurity incidents. They can provide valuable insights into security best practices, assess an organization's security posture, and develop tailored security strategies to meet specific needs.

Secondly, an Enterprise Security partner can provide 24/7 monitoring and support, leveraging advanced security operations centers (SOCs) staffed by trained cybersecurity analysts. Continuous monitoring of an organization's systems, networks, and applications can identify potential security incidents as soon as they occur, respond rapidly to contain the incident and minimize the impact on the organization.

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Thirdly, a trusted Enterprise Security partner can help organizations stay up-to-date with the latest security trends and technologies. They can provide insights into emerging threats, such as new attack vectors or malware variants, and advise implementing effective countermeasures. They can also help organizations keep pace with changing compliance requirements and industry regulations, ensuring that security practices remain effective and compliant.

Finally, working with a trusted Enterprise Security partner can help organizations minimize the potential impact of a security incident. By deploying advanced security technologies and incident response planning, they can help reduce the risk of reputational damage, financial losses, and legal liabilities. They can also provide training and awareness programs to help employees recognize and report potential security incidents, reducing the likelihood of successful cyber-attacks.

At Tao Digital, we look to help enterprises with customized solutions, working with them collaboratively to offer the advanced technologies and tools we employ to deliver effective cybersecurity and observability services. These could include AI/ML-based analytics, cloud-native security solutions, endpoint detection and response (EDR) tools, and security information and event management (SIEM) systems as a platform offering. With 24/7 support and monitoring operations, we offer rapid response times and incident resolution to minimize potential security risks. Furthermore, our absolute commitment to continuous improvement and innovation ensures that our cybersecurity and observability services remain effective and up-to-date with the newer threat vectors.

About Tao Digital:

Tao Digital is a technology company focused on supporting enterprise clients with their mission-critical technology needs. Our software and engineering heritage, strategic business and innovation consulting, design thinking, physical-to-digital competencies, and re-engineering skills provide real business value to our customers and help them thrive in the new digital economy. TAO operates in over eight global delivery centers across the US, Canada, India, APAC, and Africa.

Learn more https://taodigitalusa.com/