According to the Cost of a Data Breach 2023 Report by IBM, the average cost of a data breach reached a record high of USD 4.45 million this year. What’s more, it took 277 days to identify and contain a data breach.
With cybercriminals evolving the sophistication of their attack tactics, there is an increasing need to speed up detection, response, and neutralization of security breaches.
The role of attack surface management in data breach containment
Despite employing an arsenal of cybersecurity measures to protect sensitive data, many organizations find themselves in a relentless race against time, as they strive to bridge the gap between the moment a data breach occurs and when it is effectively contained. As data leaks on the dark web continue to make headlines, organizations face heightened pressure to reinforce their breach containment strategies.
Incorporating an effective attack surface management tool into your security strategy can significantly help you mitigate the risks of data breaches. In fact, according to the Cost of a Data Breach study, organizations that deployed an ASM solution were able to identify and contain data breaches in 75% of the time of those without ASM. The breach containment was also 83 days faster for organizations with ASM than those without.
Figure 1 — Comparison of the mean time to identify and contain a data breach for organizations with and without an attack surface management solution
5 ways IBM Security Randori Recon helps build resilience to data breaches
Businesses can proactively reduce their vulnerabilities to a range of cyberattacks like ransomware, malware, phishing, compromised credentials (resulting from poor password policies) and unauthorized access, employed by hackers. They can achieve this by actively managing and reducing their attack surface. IBM Security® Randori Recon, an ASM solution performs an important role in your data protection strategy.
1. Finding unmanaged systems and high-value assets
Any inventory of network-connected assets is a subset of what’s really there. Shadow IT and orphaned IT hide more workloads, servers, applications, and other assets from security teams than they know. Because hackers don’t limit their reconnaissance efforts to what’s in your inventory, these unknown assets put you at risk.
To help you find and secure high-value assets that are most tempting for attacks, Randori Recon conducts continuous asset discovery and risk prioritization from an adversarial perspective. It identifies your organizational exposures, including IPv4, IPv6, cloud, and IoT assets in a high-fidelity and low-impact manner, while keeping false positives under control and reducing alert fatigue.
2. Identifying exploitable vulnerabilities and misconfigurations
Poor visibility into your external risk posture can prolong your attack remediation process. Finding misconfigured management panels, expired access permissions, and other unexpected vulnerabilities can be impossible with manual processes.
Automated ASM tools like Randori Recon provide organizations with a comprehensive view of their entire digital attack surface, showing potential entry points—including attack vectors that can bypass antivirus, firewall or other security defenses—that cybercriminals might exploit.
3. Prioritizing your cyber risk
While all vulnerabilities are important, not all of them are immediately dangerous or likely to be compromised during a breach of your digital perimeter. Shifting your focus away from the patch management whack-a-mole game and concentrating on the vulnerabilities that pose the highest risk to your organization can help.
Randori Recon uncovers attack patterns and techniques that are more likely to be exploited by a real-world attacker. It flags high-value assets with its risk-based prioritization engine and creates a stack-ranked list of your most risky targets.
By understanding your attack surface, your organization can prioritize vulnerabilities based on their severity and potential business impact.
4. Ensuring adherence to security processes
From access management protocols to VPN configurations and firewall audit workflows, security processes can fall behind as your organization grows or adapts to the needs of a remote workforce.
You can gain insight into whether your security processes are keeping pace with your expanding attack surface through continuous attack surface monitoring. Randori allows you to get real-time insight into whether your security processes are applied uniformly and improving your resilience.
ASM provides visibility into potential weak points and helps you implement layered security controls. By strengthening the various layers of your defense, such as network security, endpoint security, and access controls, you can reduce the risk of a successful data breach.
5. Providing remediation guidance
Randori Recon helps you improve your cyber resilience by suggesting remediation steps.
It provides in-product guidance on how to address specific vulnerabilities and detailed write-ups of strategies to help reduce your overall exposure.
With this enhanced knowledge, you can distribute your resources more efficiently and focus on critical vulnerabilities that pose the highest risk of a data breach.
Best practices for data breach prevention
To enhance your cyber resilience, it is vital to build security in every stage of software and hardware development. You can strengthen your data breach prevention strategy by:
- Safeguarding assets with a zero-trust approach and understanding your company’s potential exposure to relevant cyberattacks
- Conducting app testing, penetration testing, vulnerability assessments, and social engineering scenarios from an attacker’s perspective to identify and patch vulnerabilities before they result in a data breach
- Using multifactor authentication and strong passwords to strengthen the protection of personal data and personally identifiable information (PII) to prevent identity theft
- Training employees to increase their security awareness and enabling them to make informed decisions in protecting sensitive information
- Maintaining offline data backups to prevent data loss and recover quickly in case of emergencies
- Rehearsing incident response (IR) plans and establishing a team well-versed in IR protocols to reduce costs and breach containment time
Mitigate data breach costs with Randori Recon
An effective ASM solution like Randori Recon can help businesses identify and mitigate potential risks before they can be exploited by malicious actors. The Total Economic Impact™ of IBM Security Randori study that IBM commissioned Forrester Consulting to conduct in 2023 found 85% reduction in losses due to an external attack totaling $1.5 million. According to the study, by reducing the amount of time an exposed asset is left “in the wild,” financial and brand impacts from an attack can be avoided.
While security measures should extend beyond attack surface management to include practices like encryption, strong access controls, employee training and more, by proactively managing your attack surface, you can significantly enhance your security posture and reduce the likelihood and impact of data breaches.Explore IBM Randori Recon