As published in Digital Insurance, “Navigating Breach Recovery Costs to Slash Inefficiences”
In today’s fast-paced digital world, incident response (IR) is often portrayed as seamless and automated. However, the reality is very different. Organizations frequently encounter challenges that complicate the process, leading to delays, unexpected costs, and security gaps. Three common misconceptions about IR contribute to these challenges: over-reliance on manual processes, hidden costs, and the complexity of embedded data.
Understanding these issues is critical to ensuring your organization’s incident response strategy runs smoothly—without blowing through your budget or timeline. Let’s break down these misconceptions and how they impact the effectiveness of your IR efforts.
Many companies assume that IR processes are largely automated, but even in 2024, much of the heavy lifting remains in manual review. This introduces several challenges throughout the response process.
Manual processes compromises security, impact budget and timeline, and increase the chances of data being mishandled, making it critical to find a technology-first partner that can properly scope and streamline the IR process from the very first steps in an already contentious post-response state. Misalignment at this time leads to significant delays and budget mismanagement.
IR engagements often cost the organization a lot more than initially anticipated. Even when starting with an agreed upon initial budget, the complexity of cybersecurity incidents often leads to unforeseen expenses. What makes the cost spiral out of control?
A technology-driven approach can help manage these unexpected costs by improving scoping accuracy, automating key tasks, and reducing reliance on manual labor.
Organizations generate and store vast amounts of data, most of which is saved in various zip folders. In addition, cybercriminals understand that embedding malicious files deep within zip or nested folders will further complicate the IR process. Here’s how hidden data can increase the scope and the cost of the engagement.
Tackling large volumes of archived files without technology is nearly impossible. Working with a technology-driven IR provider gives you more accurate estimates of data volume during the initial assessment, and efficient data review in later steps, helping you control scope and avoid unexpected costs.
As the frequency and complexity of cyber incidents increases, having the right strategy – and the right partner – is more important than ever.
Actfore offers a reliable, technology-driven solution that helps you recover from a breach as quickly as possible. By leveraging AI and automation, Actfore reduces scope creep, accelerates review timelines, and ensures accurate results. With thousands of language capabilities and the ability to quickly extract and analyze data from complex files, you can expect a faster, more streamlined process that keeps costs under control.
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