Early Breach Detection Lowers Costs

According to a March and McLennan study (Cyber Risk in Asia Pacific), Asian firms take 1.7 times longer to discover a data breach.

MMC Cyber risk in Asia Pacific
MMC Cyber risk in Asia Pacific

In addition, IBM Security and Ponemon Institute computes the average total cost of data breach at USD 141 per lost or stolen record.

The study also showed a strong relationship between mean time to detection (MTTI)  and the cost of each data breach. The good news, if we can call them that, is that the worldwide average breach detection time has improved from 201 days in 2016 to 190 days in 2017.

However, this is still far from the ideal 100 days mean time to breach detection.  The graph below shows that the longer a company takes to discover a data breach, the higher the associated cost to contain it later on.

Breach Detection and Average total costs

So one key goal of your company’s security framework would be to shorten cyber breach detection times.  One common way seasoned network admins do this is via SNMP monitoring of all network and server devices.

Then they also add SIEM capabilities (Security Incident and Events Monitoring). By correlating SNMP, syslog and SIEM data together, it will be easier for network guys to detect breaches in a shorter time.

 

TRANSCRIPT: TWIS JAN 10, 2018

10 January, 2018 – Episode 653 – This Week in Science Podcast (TWIS)Dr. Kiki: This is Twis. This Week in Science episode number 653 recorded on Wednesday, January 10th, 2018. The 2018 prediction show.
Hey, everyone, I’m Dr. Kiki and tonight, on This Week in Science, we are going to fill your heads with predictions from last year, predictions for this year and yeah, actually, some science news. But first, TWIS is supported by listeners like you. We thank you for your support. We really couldn’t do it without you.

Justin: Disclaimer! Disclaimer! Disclaimer!
Those who can not remember the past, it has been said, are condemned to repeat it. As if the past were only a thing to avoid. Many good things have come from the past. Every good thing, in fact, has its origins in the past. Much of it worth repeating. So, it’s just as well to point out, those who don’t remember the past will have a hard time replicating the positive results that they’ve received at some point before.

Continue reading “TRANSCRIPT: TWIS JAN 10, 2018”

Asian Internet Profile 2009 to Feb 2017

Based on MLab Data 2009 to 2016

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