Globally, the manufacturing industry is the third most targeted sector by cyber criminals. A recent report from manufacturing membership organisation EEF, highlighted both the increase in cyber attacks against the sector, and the industry’s inability to manage or understand the risks that cyber presents. [1]
Manufacturers are an attractive target. All too often, business-critical functions rely on legacy machinery which is no longer supported – systems which were not designed to withstand today’s sophisticated attacks.
What’s more, the levels of intellectual property (IP) and sensitive information offer a great reward for cyber criminals; predominantly for financial gain, but also competitive advantage. The nature of what manufacturers do makes them an attractive target, and the ways they operate make them vulnerable.
In the EEF report, 48% of manufacturers reported a compromise, with around half suffering financial or operational loss. The same report highlighted that more than four in ten manufacturers are unprepared for cyber attacks, and acknowledged they need cyber education to better understand the risks they face.
On the risk calculator, manufacturers are seen by adversaries as low effort with high return. Therefore it is imperative that manufacturers harden their infrastructure and operations to protect themselves from cyber attacks – implementing cyber security best practice is essential. However, cyber security can be costly and with so many options available, you must first determine whether or not you have a risk, before identifying how accountable and receptive you are.
Identify and manage cyber risk in 3 steps
Step 1 – What information do you hold?
The first thing for any business is to identify all its information assets. Understand why you hold that data and with whom it may need to be shared. You also need to understand the business impact should there be a data breach; if it is stolen, altered or made unavailable. Remember, business impact is not just about financial loss – consider the potential consequences to your operational effectiveness as well as your reputation.
Step 2 – Who or what does the information need protecting from?
The second stage of identifying risk is to understand who would seek to do you harm; your threat sources. You need to quantify and comprehend the motivations and capabilities of all identified threat sources. Remember that these sources can be insiders or a link in your supply chain, as well as the traditional hacker.
Step 3 – Identify and manage your vulnerabilities
For a threat source to compromise your systems, they have to first exploit a vulnerability. A business needs to be able to manage its vulnerabilities and assess the effectiveness of its patch management programmes. The goal here is to keep your attack surface as low as possible, making yourself a difficult target so that you are a less attractive proposition to potential attackers.
Measure your risk
If you have followed these three steps, you should be in a good position to start to identify and quantify your cyber risk. In its most simplistic form:
Risk = Business Impact x Threat x Vulnerability
Based on this equation, you can now look at the measures you need to put in place to mitigate the risk. The advantage of good risk management is that it ensures your precautions and IT spend are appropriate and proportionate to the risk.
Understand your worst case scenario and have a clear plan of how you would overcome a cyber attack. You need to know how important cyber security is to you, how much protection you need and how you are going to deliver it. Keep reminding yourself how much impact it could have on the business and your reputation should any of those risks be realised.
3 reasons manufacturers need to invest in cyber security
There are many reasons why you should invest in quality cyber security. Here are three core benefits of why you need it, not only to be protected, but to stay ahead of the competition and allow business growth:
- Reduce the likelihood of an attack taking place
- Demonstrate to clients and regulatory authorities that your security is sound, and that any attempted attack was not successful
- Reduce the overall cost of an attack by having the ability to detect malicious activity, articulate precisely what data was compromised and react – reducing damage and returning to a ‘business as normal’ state as quickly as possible
Without a proactive stance on cyber security, attacks are inevitable. You don’t want to find yourself learning how to deal with an attack while you are compromised. Being cyber aware will help you prevent, detect and respond professionally and effectively when a cyber attack occurs. Remember, a proactive approach and mentality is key when dealing with cyber threats.
Five boring but really important security mistakes you need to stop making
Cyber security can be dull, but ignoring it won't make the problem go away. Turning a blind eye to your cyber defences leaves your business vulnerable to state-sponsored and ransomware attacks.
Download our free PDF guide to find out the top five critical security mistakes your manufacturing business is making, and what preventative measures can be put in place to solve them.
Find out more about how CORVID can benefit the manufacturing sector.
Footnotes
[1] ‘Cyber Security for Manufacturing’: Industry report; EEF, The Royal United Services Institute (RUSI) and AIG (2018)
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Managed Detection and Response (MDR) vs. Vulnerability Scanning
Managed Detection and Response (MDR) vs. Vulnerability Scanning
The world of cybersecurity is constantly evolving, with advanced technologies spearheading new ways to protect key assets from cyber threats. Some of the latest tools in the trade include managed detection and response (MDR) and vulnerability scanning, which are both used as part of a company’s cybersecurity posture. They are unique, though, and understanding their key features can help inform you about how these two tools function and how they compare.
What is Managed Detection and Response (MDR)?
Managed detection response (MDR) is a comprehensive cybersecurity service that provides organisations with round-the-clock monitoring and proactive management of threats. It combines technology, processes and expertise to detect, analyse, and respond to cybersecurity incidents. The primary goal of MDR is to quickly identify and mitigate threats before they can cause significant damage.
Key Features of MDR
Although some MDR services will offer additional functionality or customisation, in a general sense they all share a few key features. Some of the hallmark features found in MDR services include:
- Continuous Monitoring: MDR services ensure that the organisation’s networks, systems, and data are continuously monitored for any signs of malicious activity or security breaches.
- Expert Analysis: MDR providers employ cybersecurity experts who specialise in analysing complex threats. This team works as an extension of an organisation’s in-house IT team, providing advanced threat intelligence and analysis.
- Incident Response: Perhaps the most critical aspect of MDR is its capability to respond to threats in real time. MDR teams can take immediate actions such as isolating affected systems, removing malware, and restoring services to mitigate the impact of attacks.
What is Vulnerability Scanning?
Vulnerability scanning is a diagnostic procedure used to identify vulnerabilities in networks, systems, and software applications. It involves automated tools that scan for known vulnerabilities, providing organisations with insights into security weaknesses that could potentially be exploited by hackers.
Key Features of Vulnerability Scanning
As with MDR services, vulnerability scanning is comprised of a few key features that make it stand out as a unique service. These include:
- Regular Assessments: Vulnerability scans are typically performed on a regular schedule (e.g., weekly, monthly) to ensure that new vulnerabilities are identified promptly after they become known.
- Automated Tools: These scans are largely automated, utilising software that compares system details against databases of known vulnerabilities.
- Reporting: The output of a vulnerability scan is a report detailing vulnerabilities found, rated by their severity and the urgency with which they should be addressed.
MDR vs. Vulnerability Scanning: Focused Objectives
While both MDR and Vulnerability Scanning are essential, they serve different security objectives and operational focuses. So, although they exist in the same ecosystem, when rolled out they perform quite different functions. Below is a general overview of how these two solutions compare:
Proactive vs. Reactive Approaches
MDR is inherently proactive and dynamic. It aims to both detect ongoing threats and also respond to incidents as they happen. This approach is key for defending against advanced persistent threats and coordinated attacks.
Conversely, vulnerability scanning is more reactive. It identifies and reports existing vulnerabilities, relying on the organisation to take further steps to patch these vulnerabilities and prevent potential exploits.
Scope of Service
MDR offers a broader scope by dealing with a wide range of cyber threats, including malware, ransomware, and insider threats. It provides a holistic view of an organisation’s cybersecurity health.
In contrast to this, vulnerability scanning focuses specifically on discovering vulnerabilities in systems and software. It does not deal with the actual management of detected threats.
Expertise and Resources
MDR typically requires a high level of expertise from cybersecurity professionals who can interpret complex threat data and make quick decisions about mitigation strategies. While it also requires expertise, particularly in setting up and maintaining the scanning tools, the level of active management and threat handling is considerably less intensive with vulnerability scanning than MDR.
Which Choice is Right for Me?
Deciding whether to implement MDR, Vulnerability Scanning, or both depends on several factors including your organisation's specific needs, current cybersecurity posture, and the nature of the data you are protecting. Here are some considerations to help determine the right choice for your business:
Assess Your Cybersecurity Needs
If your organisation handles sensitive data, such as personal customer information, financial records, or proprietary business data, MDR might be indispensable due to its real-time threat detection and response capabilities. For organisations that must comply with regulatory frameworks such as GDPR, MDR can provide the necessary tools to not only detect but also respond to incidents in a manner that meets legal standards.
Analyse Your Current Cybersecurity Posture
Businesses with already established cybersecurity measures, including advanced firewalls, intrusion detection systems, and regular security audits, might find that adding MDR enhances their current capabilities. In comparison, companies without these layers might benefit from starting with vulnerability scanning to address fundamental security weaknesses.
It’s also worth considering the level of cybersecurity expertise available within your company. MDR services often come with a team of experts who effectively become an extension of your in-house team, filling in any gaps in knowledge and resources. If your team lacks cybersecurity specialists, MDR can bridge that gap.
Evaluate the Level of Threat
Certain industries are more likely to be targeted by cyberattacks due to the nature of the data they handle or the services they provide. For example, financial services, and healthcare sectors often require robust defence mechanisms like those provided by MDR. If your organisation has been the target of cyberattacks in the past, it's imperative to step up defences with proactive and dynamic solutions offered by MDR.
Shore Up Your Digital Defences With the Right Cybersecurity Solution
Choosing between MDR and vulnerability scanning is not an either/or scenario. Instead, these services can complement each other to fortify an organisation's cybersecurity defences. Vulnerability scanning identifies and helps mitigate potential entry points for attackers, while MDR provides a comprehensive solution to monitor, detect, and respond to threats in real time. Together, they form a robust defence mechanism against the increasingly sophisticated landscape of cyber threats.
If you have any questions about finding the right cybersecurity solution for your needs, or want to discuss MDR or vulnerability scanning, please contact our team at CORVID today.
Get Started with CORVID's MDR Service
Ready to begin with CORVID MDR? CORVID provides cutting-edge MDR services to safeguard your business from evolving threats. By implementing CORVID's MDR solutions, you’ll strengthen your cybersecurity defences and gain a competitive edge in today’s complex threat environment. Don’t wait until a threat strikes—protect your business now!
Reach out to learn more and take the first step towards a safer, more secure future. Get started today and enjoy the peace of mind that comes from having your security managed by experts.
What Is Managed Detection and Response (MDR)?
In today’s rapidly evolving cyber threat landscape, organisations need more than just conventional security measures. Introducing Managed Detection and Response (MDR) – a transformative solution to cybersecurity.
Managed Detection and Response (MDR): An Overview
Managed Detection and Response (MDR) is a cybersecurity service that combines advanced technology with expert human analysis to identify, investigate, and respond to threats in real time. Unlike traditional security solutions that may only alert you to potential threats, MDR actively works to neutralise them, offering a comprehensive approach to threat management.
The Role of AI in MDR
AI algorithms process vast amounts of data at incredible speeds, identifying patterns and anomalies that human analysts might miss. This not only improves threat detection rates but also reduces the time it takes to respond to incidents.
By integrating AI with human expertise, MDR providers can deliver more accurate and efficient security solutions. AI-driven automation handles routine tasks, allowing human analysts to focus on complex threat analysis and strategic decision-making. This synergy between AI and human intelligence ensures a robust defence against evolving cyber threats.
Key Features of MDR:
- 24/7 Threat Monitoring: Continuous surveillance of your network to detect and address threats as they occur.
- Advanced Threat Detection: Utilises AI and machine learning to identify sophisticated threats that traditional methods might miss.
- Rapid Response: Immediate action to mitigate risks and neutralise threats.
- Expert Analysis: Access to a team of cybersecurity professionals who analyse threats and provide actionable insights.
Types of Threats MDR Effectively Addresses:
- Advanced Persistent Threats (APTs): MDR's proactive threat-hunting capabilities are well-suited to detect and respond to APTs, which can often evade traditional security measures.
- Zero-Day Exploits: MDR's use of advanced technology, such as AI and machine learning, allows for the rapid detection and response to zero-day exploits, offering a crucial defence against unknown vulnerabilities.
- Insider Threats: Continuous monitoring can effectively identify unusual activities within the network, making it an invaluable tool in protecting against insider threats.
- Ransomware and Malware: 24/7 monitoring and rapid response can significantly reduce the impact of ransomware and malware attacks by detecting and neutralising them before they can cause widespread damage.
- Phishing and Social Engineering: The combination of technology and human analysis can detect sophisticated phishing attempts and social engineering tactics, providing a critical layer of defence against these common attack vectors.
- Data Exfiltration: Detection and response to attempts to steal or leak sensitive data, helping to maintain data integrity and safeguarding against data breaches.
What Do MDR Services Offer?
MDR services typically include:
- Threat Detection and Incident Response: Proactive identification and reaction to threats.
- Security Monitoring and Management: Continuous oversight of your security infrastructure.
- Threat Intelligence: Insights and data on emerging threats and vulnerabilities.
- Compliance Management: Ensuring adherence to regulatory requirements.
- Managed Endpoint Detection: Monitoring and protection of endpoint devices.
Benefits of MDR for Organisations
Enhanced Threat Detection:
- Faster response times to security incidents.
- Improved identification of complex and sophisticated threats.
24/7 Monitoring:
- Continuous protection around the clock.
- Peace of mind knowing your infrastructure is always secure.
Cost Reduction:
- Lower operational costs by outsourcing security functions.
- Avoid the expenses of hiring and training in-house security experts.
Access to Expertise:
- Leverage the skills of seasoned cybersecurity professionals.
- Benefit from advanced knowledge and industry best practices.
- Better control over security postures.
- Assistance in meeting compliance requirements.
- Proactive defence strategies.
- Greater insight into network and endpoint security.
Risk Mitigation:
- Preparedness against emerging threats.
- Reduced likelihood of costly data breaches.
How Does MDR Compare to Other Security Solutions?
- MDR vs. Managed Security Services (MSSP): An MSSP focuses on overall IT security management, including implementing new systems and policy adjustments, while MDR specialises in threat detection and incident response.
- MDR vs. Endpoint Detection and Response (EDR): EDR tools focus on monitoring and analysing endpoint devices. MDR, on the other hand, offers a comprehensive service that includes EDR along with proactive threat hunting and response.
- MDR vs. Extended Detection and Response (XDR): XDR extends EDR's capabilities to the broader IT ecosystem. MDR does a similar job by providing detection and producing human-led responses to threats.
Integration of MDR with In-House Security Teams
Integrating MDR services with your internal security team can enhance your organisation’s cybersecurity stance. This collaborative approach combines MDR's proactive capabilities with the contextual expertise of your in-house team, leading to increased resilience and effectiveness.
Key Considerations When Choosing an MDR Provider
- Industry Experience: Look for providers with expertise in your specific industry.
- Certifications: Ensure providers have certified security specialists with credentials like CISSP, CEH, and CISM.
- Technology Integration: Verify that the provider’s technology can seamlessly integrate with your existing systems.
- Service Flexibility: Assess the scalability and customisation options available.
- Threat Intelligence Capabilities: Evaluate the provider’s ability to offer comprehensive and actionable threat intelligence.
- Response Times: Consider the provider’s track record for rapid threat response.
Transitioning to MDR Services
- Evaluate Security Posture: Conduct a gap analysis to identify vulnerabilities and prioritise threat areas.
- Set Objectives: Define clear goals for what you want to achieve with MDR services.
- Choose the Right Provider: Select a provider that aligns with your security needs and organisational goals.
- Integration with Existing Systems: Plan for seamless integration with current security infrastructure.
- Change Management: Prepare for changes in operational workflows and provide training for in-house teams.
- Privacy and Compliance: Establish agreements to ensure privacy and meet regulatory requirements.
- Measure Effectiveness: Establish KPIs and metrics to gauge the effectiveness and ROI of MDR services.
Conclusion
MDR services provide a proactive approach to cybersecurity that combines advanced technology with expert human analysis. By utilising MDR, organisations can benefit from enhanced threat detection, round-the-clock monitoring, cost reduction, access to expertise, regulatory compliance assistance, increased visibility, and risk mitigation.
When choosing an MDR provider, it is important to consider their industry experience, certifications, technology integration capabilities, and service flexibility. Integrating MDR with in-house security teams can further enhance protection against adversaries.
Get Started with CORVID's MDR Service
Ready to get started with CORVID MDR? CORVID offers state-of-the-art MDR services designed to protect your business from emerging threats. By integrating CORVID's MDR services, you will not only boost your cybersecurity defences but also gain a strategic advantage in navigating today's complex threat landscape. Don't wait until it's too late—secure your business now!
Contact us to learn more and take the first step towards a safer, more secure future. Get started today and experience the peace of mind that comes with knowing your security is in expert hands.
