In 2021, lost business continued to represent the largest share (38%) of data breach costs for the seventh consecutive year. Interestingly, reactive detection and escalation were the second most costly, with post-breach investigative activities and crisis management costing businesses $1.24m. From these numbers, it’s clear that breach readiness levels are quite low.
Firstly, organisations must understand their unique risk profile and identify what gaps exist within their enterprise visibility. Secondly, they must understand how these gaps impact overall security and what the costs of not proactively preparing for inevitable security incidents look like. From there, they can work to enhance incident response capabilities and alleviate the many consequences of data breaches.
Content Security’s Breach Readiness Assessment is a primary means for any organisation – but especially those without adequate security skill and bandwidth – to do exactly that. Above all, it allows businesses to leverage industry expertise, gauge their susceptibility to threat and be better prepared to protect and mitigate costly security incidents.
We've also seen substantial increases in Australia more specifically, with data breach expenses rising over 30 per cent in the past year.- IBM's Cost of a Data Breach Report
In a majority of our Breach Readiness engagements, we find that crucial systems, processes and policies are often missing from an organisation’s security strategy. Our goal is to find any gaps in your visibility and uplift your overall posture to minimise the impacts of breaches, and assist you in preparing for the unknown.
During a Breach Readiness Assessment, an expert from our Digital Forensics and Incident Response (DFIR) team conducts a 4-day review of your organisation. Ultimately, this involves:
A key element of this service is checking for gaps in visibility affecting the organisation’s security. Thus, amongst checking for IR plans and playbooks, the assessment involves examining the following:
Finally, at the conclusion of testing, we deliver a report covering the detailed findings discovered throughout the assessment. We outline tailored recommendations, describing the best method for preventing and responding to future incidents and increasing general IR capabilities. As a result, your organisation is able to minimise risk in a targeted manner and bolster a better security posture.
This includes data breaches, malware outbreaks, internal frauds and system
misuse, cloud compromises, phishing, sexual harassment or other industrial relation disputes involving information systems.
Moreover, our services extend beyond just critical incident response. We specialise in Security Assurance Services, Governance, Risk and Compliance, and Enterprise Services, partnering with Strategic Vendors to protect your business.