Data breaches are becoming more costly. According to the 2019 Cost of a Data Breach Report, the average total cost of a data breach is $3.92 million, up 12% over the past five years. The average size of a data breach is 25,575 records, up 3.9% from the previous year. With these continued increases, how can organizations prepare to reduce their remediation costs in the event of a breach?
Time is money, in more ways than one…
Let’s start with detection and containment. According to the report, it now takes a combined 279 days to identify and contain a breach, up from 266 in last year’s report. However, companies able to detect and contain a breach in under 200 days spent on average $1.2 million less.
Next, let’s discuss incident response. Having an incident response plan and testing it can have a dramatic reduction in remediation costs associated with a data breach. The report claims that companies with an incident response plan that tested it at least twice experienced $1.23 million less in data breach costs on average than those that had neither in place.
And finally, organizations that have deployed security automation technologies generally spent just half of what organizations without such tools spent on a data breach. All of these time savings activities add up to significant savings, but how do you capitalize on it?
This is where a solution like VIAVI adds real value. VIAVI’s real-time threat hunting solution helps detect attackers sooner, while VIAVI’s post-breach solution accelerates response and remediation. Designed for enterprise networks, VIAVI’s solutions analyze traffic behavior over time and store full fidelity forensic-level conversations. Automated workflows and real-time visualizations arm SecOps teams with a comprehensive view of network threat landscape at a moment’s notice. These actionable insights decrease time to know and time to resolution, drastically reducing your remediation costs.
VIAVI combines NetOps and SecOps for better Network Security Intelligence using these unique capabilities:
- Global threat identification with scope and impact in a real-time threat map
- Host and service profiling that notifies and records details of hosts/services falling outside their normal behavior profile
- Full-fidelity forensic reconstruction of packet and flow-based data
- Enriched Flow records that illustrate relationships between User, IP, MAC address, and application usage in the network.