Cyber-crime is not a new phenomenon and it has gained momentum in recent years leading to more cyber-attacks on businesses, government establishments and other entities, leaving a trail of destruction in its wake. Over the last few years, the evolving threat climate has led to an increase in security spending. Enterprises are also transforming their security spending strategy in 2017, moving away from prevention-only approaches to focus more on detection and response. According to Gartner, spending on enhancing detection and response capabilities is expected to be a key priority for security buyers through 2020.
The change in perspective from preventive measures to a ‘detection & recovery’ approach stems from the fact that the attacks are becoming more targeted and being made with little or no warning. Companies often find it difficult to identify when an attack has taken place and many only discover it when third parties or clients report suspicious messages or requests for funds.
Stressing on the importance of turn-around-time after a threat has been recognised, Mazen A. Dohaji, Regional Director – Middle East, Turkey & Africa at LogRhythm said, “A determined threat can’t be permanently stopped, but it can be slowed and discouraged to the point where it may abandon its efforts to compromise a particular organisation and switch targets instead. The key to threat management is to stop attacks as early in the attack lifecycle as possible. Obviously, the sooner a threat is detected, the sooner it can be addressed to prevent additional damage.”
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