Feb 19, 2014

Why Timely Detection of Security
Threats Equals Real Money

In today's Whiteboard Wednesday, Lital Asher-Dotan, Product Marketing Manager for UserInsight at Rapid7, will discuss the topic, “Why Timely Threat Detection Equals Real Money”.

Watch this video to learn how much money an organization spends on average to remediate a data breach and how long it takes them to do so. Learn how you can detect threats faster and save your organization money by using UserInsight for fast, automated, threat detection across your network, cloud, and mobile environments.

Free trial available here.

Read Video Transcript

Hello. And thank you for joining us for Whiteboard Wednesday. My name is Lital Asher-Dotan and I'm Senior Marketing Manager at Rapid7.

Today, we're going to talk about why timely detection really matters, because at the end of the day, it means real money to your organization. So you may need to justify why you need to spend money with your management on detection tools. We wanted to help you in understanding and putting some framework to your boss on what a breach could look like and could cost your organization.

Today, it's very clear that there are two trends that happened at the same time, and your organization is probably facing them. While, on one hand, your organization is moving towards cloud services, towards mobile devices, working with a lot of external vendors enabling them to be more productive in working seamlessly with you. Therefore, your network expands and there is no more a closed firewall, but rather a perimeter and all of your users are being a point of that perimeter that you need to secure.

At the same time, a second trend is all about the attackers' mindset. They become sophisticated. The market out there for compromised data is huge. People are making a lot of money out of breached data, and there is a huge incentive for them to go and break into your network. This is why attackers are becoming so much more sophisticated, and all attacks that we see become very much deceptive and very much hard to detect and go for longer periods of time.

Attackers could use social media. A lot of data that is out there, data that is being leaked in other breaches outside to go and compromise accounts in your organization and easily get into your network, and get, for a long time, undetected.

That's not surprised that we've seen a huge increase in the amount of breaches that happened in 2013. Actually, the amount of successful cyber attacks that we saw versus 2012 was 20% more. The time that it took to resolve a certain attack, or vulnerability, was at least 32 days and it cost $361,000 on average per organization to resolve it. Huge amount of money, if you think about it, per day. I'm not talking about just per event, so do the multiplication and understand how huge those breaches could be. And the average cost to resolve a cyber attack seems like $11.56 million per organization, and it's up 78% within the last three years.

So with that, I would say you really need to think about the huge threat that your organizations are facing these days. The need to enable productivity, while at the same time, defending your organization, because you could see how easily those attacks are being monetized to a huge number of dollars.

Thank you and hope to see you again next Wednesday.

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