A large furniture manufacturer was hit by damaging malware. Malicious hackers targeted the manufacturer on a Sunday evening. With fewer employees on-site and no 24/7 threat-detection installed, the attacker was able to upload a text file that then launched the malware.
Dynamic Quest’s team of security analysts went to work. They had to analyze what service was exploited, and how the hackers were able to break into the system. Once those problems were solved, our team needed to assist the client in preventing future attacks.
A 24/7 endpoint detection solution was implemented. Dynamic Quest’s team of security engineers worked to plug the hole, patch the vulnerable server and implement a SOC/SIEM solution that provides 24/7 detection.
Future risk mitigation is crucial in a world where thousands of dollars are spent and lost due to malicious hacking software. An upgraded security solution saved the manufacturer from future trouble. The company upgraded their server to reduce vulnerabilities and implemented a SOC solution that monitored their endpoints 24/7. These solutions were able to identify attacks and prevent them from causing future damage.
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Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”
