It has recently published a paper about the use of its cyber incident response by a UK-based global bank.
All cyber attacks have an adverse effect on the organisation and, often, on individuals and other businesses whose personal or commercial information is compromised by the attack. Cyber attacks on banks have a wider effect. The introduction to the Resolution1 paper quotes the British Banking Association as saying:
“If publicized, network security breaches can affect share prices, cause irreparable reputational damage and impact on the stability of the wider financial market.”
The paper shows how the bank uses automation and remote endpoint remediation to reduce incident response times from 10 days to 5 hours. It sets out the requirements in the RFI and explains how Resolution1 Security met the requirements, working with the bank’s security staff to develop further processes. Protection was obviously an end in itself, but the installation achieved the important secondary effect of saving money.