Vetting and Detection And Response Capabilities ERP Fitness Test (Publication Date: 2024/03)

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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:

  • Do you apply threat intelligence to customer security alerts as part of your process for vetting or determining if an alert should be escalated to security event status and action taken?
  • Key Features:

    • Comprehensive set of 1518 prioritized Vetting requirements.
    • Extensive coverage of 156 Vetting topic scopes.
    • In-depth analysis of 156 Vetting step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 156 Vetting case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Attack Mitigation, Malicious Code Detection, Virtual Private Networks, URL Filtering, Technology Infrastructure, Social Engineering Defense, Network Access Control, Data Security Compliance, Data Breach Notification, Threat Hunting Techniques, Firewall Management, Cloud-based Monitoring, Cyber Threat Monitoring, Employee Background Checks, Malware Detection, Mobile Device Security, Threat Intelligence Sharing, Single Sign On, Fraud Detection, Networking Impact, Vulnerability Assessment, Automated Remediation, Machine Learning, Web Application Security, IoT Security, Security Breach Response, Fraud Detection Tools, Incident Response, Proactive Communication, Intrusion Prevention, Security Operations, Ransomware Protection, Technology Partnerships, Phishing Prevention, Firewall Maintenance, Data Breach Detection, Data Encryption, Risk Systems, Security Audits, Critical Incident Response, Object detection, Cloud Access Security, Machine Learning As Service, Network Mapping, Data Loss Prevention, Data Breaches, Patch Management, Damage Detection, Cybersecurity Threats, Remote Access Security, System Response Time Monitoring, Data Masking, Threat Modeling, Cloud Security, Network Visibility, Web Server Security, Real Time Tracking, Proactive support, Data Segregation, Wireless Network Security, Enterprise Security Architecture, Detection and Response Capabilities, Network Traffic Analysis, Email Security, Threat detection, Financial Fraud Detection, Web Filtering, Shadow IT Discovery, Penetration Testing, Cyber Threat Hunting, Removable Media Control, Driving Success, Patch Auditing, Backup And Recovery Processes, Access Control Logs, Security incident containment, Fraud Prevention And Detection, Security Training, Network Topology, Endpoint Detection and Response, Endpoint Management, Deceptive Incident Response, Root Cause Detection, Endpoint Security, Intrusion Detection And Prevention, Security incident detection tools, Root Cause Analysis, ISO 22361, Anomaly Detection, Data Integrations, Identity Management, Data Breach Incident Incident Detection, Password Management, Network Segmentation, Collaborative Skills, Endpoint Visibility, Control System Process Automation, Background Check Services, Data Backup, SIEM Integration, Cyber Insurance, Digital Forensics, IT Staffing, Anti Malware Solutions, Data Center Security, Cybersecurity Operations, Application Whitelisting, Effective Networking Tools, Firewall Configuration, Insider Threat Detection, Cognitive Computing, Content Inspection, IT Systems Defense, User Activity Monitoring, Risk Assessment, DNS Security, Automated Incident Response, Information Sharing, Emerging Threats, Security Controls, Encryption Algorithms, IT Environment, Control System Engineering, Threat Intelligence, Threat Detection Solutions, Cybersecurity Incident Response, Privileged Access Management, Scalability Solutions, Continuous Monitoring, Encryption Key Management, Security Posture, Access Control Policies, Network Sandboxing, Multi Platform Support, File Integrity Monitoring, Cyber Security Response Teams, Software Vulnerability Testing, Motivation Types, Regulatory Compliance, Recovery Procedures, Service Organizations, Vendor Support Response Time, Data Retention, Red Teaming, Monitoring Thresholds, Vetting, Security incident prevention, Asset Inventory, Incident Response Team, Security Policy Management, Behavioral Analytics, Security Incident Response Procedures, Network Forensics, IP Reputation, Disaster Recovery Plan, Digital Workflow

    Vetting Assessment ERP Fitness Test – Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    Vetting

    Vetting is the process of evaluating and analyzing threat intelligence to determine if a customer′s security alert should be escalated to a security event and action should be taken.

    Solution: Implementing automated threat intelligence integration and analyst review for improved decision making and response time. Benefits: Faster and more accurate determination of security threats, reduced false positives, and streamlined incident response process.

    CONTROL QUESTION: Do you apply threat intelligence to customer security alerts as part of the process for vetting or determining if an alert should be escalated to security event status and action taken?

    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    By 2030, our vetting process will be seamlessly integrated with cutting-edge threat intelligence tools and algorithms, ensuring that all customer security alerts are thoroughly analyzed and evaluated for potential threats. Our team will have the ability to quickly sift through massive amounts of data from various sources, including dark web monitoring, threat feeds, and internal security data, to make informed decisions on whether an alert should be escalated to a security event status. This streamlined approach will not only enable us to proactively identify and mitigate potential risks for our customers, but also allow us to implement prompt and effective action plans to address any potential security incidents. Ultimately, our goal is to establish ourselves as a leader in the industry by providing unparalleled security vetting services that protect our customers′ sensitive data and ensure their peace of mind.

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    Vetting Case Study/Use Case example – How to use:

    Introduction

    In today′s rapidly evolving threat landscape, organizations face numerous security alerts and incidents on a daily basis. In order to effectively protect their systems and data, it is essential for organizations to have a robust vetting process in place. This process involves evaluating the alerts received, determining their severity, and taking necessary actions to mitigate the potential threats. One of the key factors in this process is the application of threat intelligence, which provides valuable insights and context to the security alerts. In this case study, we will examine how a medium-sized financial services company, NewEdge, partnered with a cybersecurity consulting firm to improve their vetting process by incorporating threat intelligence.

    Client Situation

    NewEdge is a medium-sized financial services company that provides investment and wealth management solutions to its clients. It has a strong online presence, with a significant portion of its operations conducted through online platforms. As a result, the company is exposed to a wide range of cyber threats, including phishing attacks, malware, and data breaches. The existing vetting process at NewEdge was largely manual and relied on the expertise of the security analysts. This led to delays in response time and left the organization vulnerable to potential cyber attacks.

    Methodology

    The consulting firm utilized a data-driven approach to identify the gaps in NewEdge′s vetting process. Using their experience and best practices, the team devised a methodology to incorporate threat intelligence into the existing process. The following steps were taken to enhance the vetting process at NewEdge:

    1. Understanding the Organization: The consulting team conducted interviews with key stakeholders at NewEdge to understand their business operations, critical assets, and current security posture.

    2. Identification of Key Threat Intelligence Sources: The next step was to identify the relevant threat intelligence sources for NewEdge. This included both commercial and open-source intelligence feeds.

    3. Integration with Existing Tools and Technologies: The consulting team worked closely with the IT department at NewEdge to integrate the threat intelligence feeds with their existing security tools, such as SIEM and IDS.

    4. Developing a Threat Intelligence Framework: A framework was developed to analyze and prioritize the security alerts using the insights provided by threat intelligence. This helped in determining the severity of the alerts and the appropriate response actions.

    5. Training and Support: The consulting team provided training to the security analysts at NewEdge on how to effectively utilize the threat intelligence feeds and the new vetting process.

    Deliverables

    The consulting firm provided the following deliverables to NewEdge as part of the project:

    1. A comprehensive report outlining the current limitations of the vetting process, along with recommendations to incorporate threat intelligence.

    2. A list of relevant threat intelligence sources and their integration with existing tools.

    3. A threat intelligence framework tailored to NewEdge′s operations and critical assets.

    4. Training materials for the security analysts, including guidelines for utilizing threat intelligence.

    Implementation Challenges

    The implementation of threat intelligence into the vetting process at NewEdge posed a few challenges that needed to be addressed. These included:

    1. Resistance to Change: The security analysts were initially skeptical about incorporating threat intelligence into their existing process. They were concerned about the additional workload and the impact on their decision-making process.

    2. Integration with Existing Tools: Integrating the new threat intelligence feeds with the existing security tools required significant effort from the IT department. This posed a challenge due to resource constraints.

    KPIs

    The success of the project was measured based on the following KPIs:

    1. Reduction in Response Time: One of the primary objectives was to reduce the response time for security alerts. This was measured by comparing the average response time before and after the implementation of threat intelligence.

    2. Improvement in Alert Prioritization: The effectiveness of the new vetting process was evaluated based on the accuracy of the alert prioritization. This was measured by comparing the number of false positives before and after the implementation of threat intelligence.

    3. Increase in Threat Detection: Another important metric was the ability to detect new and emerging threats. This was measured by analyzing the number of unique threat indicators identified by the threat intelligence feeds.

    Management Considerations

    The success of this project relied on effective management considerations. The following were some of the key factors that contributed to its success:

    1. Executive Support: The executive team at NewEdge provided full support for the implementation of threat intelligence. This helped in overcoming any resistance to change and ensured the commitment of resources.

    2. Collaboration with IT Department: The close collaboration with the IT department was instrumental in ensuring the smooth integration of threat intelligence feeds with existing tools and technologies.

    3. Training and Support: The training and support provided by the consulting team were crucial in helping the security analysts understand the benefits of incorporating threat intelligence into their vetting process.

    Conclusion

    The implementation of threat intelligence into the vetting process at NewEdge significantly improved their ability to respond to potential cyber threats. By incorporating threat intelligence, the organization was able to reduce response time, improve alert prioritization, and detect new and emerging threats. The success of this project highlights the growing importance of threat intelligence in enhancing an organization′s security posture. As new threats continue to emerge, it is essential for organizations to embrace threat intelligence as a critical component of their vetting process.

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