In a 2020 report on cyber security breaches, the UK government revealed that nearly half (46%) of businesses experienced a breach between Q2 2019 and Q2 2020. Of those impacted, almost a third (32%) admit to facing breach attempts at least every week.
In response to the rise in breaches, the European Union General Data Protection Regulation (GDPR) and similar regulatory bodies have been created in recent years to ensure organizations maintain a certain standard when it comes to the control and protection of their data, and are therefore prepared to detect and mitigate breaches more efficiently. Failing to meet these standards can mean sizable fines for the victim organizations, a move the regulators hope will encourage businesses to do all they can to remain secure.
A successful breach against an organization doesn’t mean lights out, and there is still much a SOC team can do to limit financial losses and reputational damage: