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For years, analysts, security specialists, and security architects alike have been encouraging organizations to become DMARC compliant. This involves deploying email authentication to ensure their… Read more on Cisco Blogs
There has been an exponential increase in breaches within enterprises despite the carefully constructed and controlled perimeters that exist around applications and data. Once an attacker can access… Read more on Cisco Blogs
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Co-authored by Tejas Sheth, Sr. Security Specialist, Amazon Web Services – AISPL.
Risk-based Vulnerability Management (RBVM) represents a strategic approach to cyber security that focuses on… Read more on Cisco Blogs
Since the European Union (EU) signed the second version of the Network and Information Security (NIS2) Directive in December 2022, there has been a real frenzy all around Europe about it. NIS2 is now… Read more on Cisco Blogs
NIS2 compliance for industrial networks: Are you ready?
The use of unmanaged and IoT devices in enterprises is growing exponentially, and will account for 55.7 billion connected devices by the end of 2025. A critical concern is deploying IoT devices without requisite security controls.
While these numbers are numbing, their reality is undeniable. 90% of customers believe digitization has accelerated the importance placed upon security. The World Economic Forum now lists cybersecurity failure as a critical threat, and estimates a gap of more than 3 million security experts worldwide, hindering secure deployments at scale. Furthermore, 83% of IoT-based transactions happen over plaintext channels and not SSL, making them especially risky.
Securing an IoT device can be achieved either through securing the IoT device itself, or hardening the network it accesses. Securing devices can be cumbersome, requiring complex manufacturing partnerships and increasing unit prices, thereby reducing adoption. On the other hand, securing the network is always desirable as it helps secure access, encrypt traffic, and ease management.
Being a leader in both security and networking, Cisco continues to bring security closer to networking, providing the network with built-in security, and enabling the network to act both as sensor and as an enforcer. The convergence of security and networking leverages the network’s intelligence and visibility to enable more-informed decisions on policy and threats.
Cisco uniquely integrates security and networking, for instance we recently integrated Cisco Secure Firewall to operate on Cisco Catalyst 9000 Series switches. Additionally, Secure Firewall can be deployed in a containerized form, on-premises and in clouds. Cisco Secure Firewall classifies traffic and protects applications while stopping exploitation of vulnerable systems. Additionally, we offer Identity Services Engine with AI Endpoint Analytics to passively identify IoT devices and apply segmentation policies. Furthermore, Cisco offers management flexibility by integrating with Cisco Defense Orchestrator and DNA Center and with existing customer tools like SIEMs and XDRs.
Let’s look at three use cases where the addition of Secure Firewall capability on Catalyst 9000 Series switches solves real world problems:
Use case 1: Securing the Smart Building: This solution is ideal to secure smart buildings, converging various IoT systems into a single IT-managed network infrastructure. Smart buildings lower the operational and energy costs. Smarter building systems, however, pose serious security risks as these include so many unmanaged devices such as window shades, lighting, tailored HVAC, and more. One of the methods to secure smart buildings is to control access to avoid manipulation of sensors. Such control is attained with a networking switch with enhanced firewall capability. The firewall ensures granular segmentation, directing policies for traffic generated out of IoT devices, providing access to the right users. This integration also brings security closer to endpoints, making policy orchestration simpler.
Use Case 2: Centrally manage isolated IoT network clusters: IoT devices which communicate with each other in the same subnet typically cannot be routed, which is a challenge. By default, most IoT networks are configured in the same subnet, making it difficult to manage them centrally. Administrators are forced to physically connect to the IoT network to manage and collect telemetry. Furthermore, IoT vendors often charge hefty amounts to update IP addresses of devices. Cisco Secure Firewall, hosted on the Catalyst switch, solves this problem and not only inspects traffic from the IoT network but also translates duplicate IoT IP addresses to unique global IP addresses using NAT for centralized management of isolated IoT networks.
Use Case 3: Securely encrypt IoT traffic passing through a shared IT network: At airports, for example, multiple vendors manage unique systems such as baggage, air quality, biometric access control, etc, which share a common network. IoT traffic is usually in plain text, making it susceptible to packet sniffing, eavesdropping, man-in-the-middle attacks, and other such exploits. The IPSec capability on Cisco Secure Firewall encrypts IoT traffic, securing data transfer and reducing risk.
Cisco’s IoT initiatives join the once disconnected worlds of IT and IoT, unifying networking and security. For further details refer to the At-A Glance and see how and an Australian oil company, Ampol, fortified its retail IoT with Cisco Secure!
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Cisco Secure Social Channels
It’s been my pleasure to work alongside the Centre for Information Policy Leadership (CIPL) for over a decade to advocate for privacy to be respected as a fundamental human right and managed by organizations as a business imperative. CIPL works with industry leaders, regulators, and policymakers to deliver leading practices and solutions for privacy and responsible data use around the world.
Our organizations share the belief that privacy is key to trust and provides a critical competitive advantage for those who get it right. As privacy professionals, we live and breathe the importance of privacy every day and understand its value. We must help business leaders and other key stakeholders recognize and realize data privacy’s true worth and invest appropriately — beyond just meeting legal or compliance requirements.
We’re excited today to share this new, jointly-published research report Business Benefits of Investing in Data Privacy Management Programs. This report offers insights into the material business benefits that organizations are realizing from the time, monetary, and resource investments they have applied to building their Data Privacy Management Programs (DPMPs).
Here are some of the key findings:
Customers want accountability. While organizations are expected to meet their legal, compliance, and data security requirements, customers also demand organizations to be responsible stewards of their personal data. DPMPs not only enable organizations to gain a competitive edge, they empower them to earn and grow confidence and trust in the business.
Significant benefits from investing in DPMPs. Risk mitigation and compliance benefits, like avoiding regulatory scrutiny and fines, minimizing breaches, and evading damage to reputation, are among the most substantial benefits experienced by organizations that implement a DPMP. Other tangible benefits include greater agility, operational efficiency, and making the organization more attractive to investors.
Strong, attractive returns from DPMPs. More than half of organizations surveyed experienced at least $1 million in benefit from investing in privacy over the past year, with 28% realizing over $10 million in benefit.
Widespread Use of Privacy Maturity Models. Most organizations are using some form of a privacy maturity model to show accountability, including the CIPL Accountability Framework, ISO standards, Generally Accepted Privacy Principles, and the NIST Privacy Framework, among others. And CIPL members had an average score of 4.13 out of 5 with respect to implementing the seven elements of organizational accountability as described in the report.
There is considerable interest in further understanding the value DPMPs bring to their organization. Discussions about privacy and how DPMPs positively impact organizations will continue to be an increasing area of focus for corporate leadership, including the C-suite and at the Board level.
These findings offer valuable information and perspective for those building and operationalizing privacy. We’ll continue to research and share other qualitative and quantitative evidence that highlights privacy’s growing priority and value for organizations and the individuals they serve.
Check out this report Business Benefits of Investing in Data Privacy Management Programs and more related privacy research on consumer and organizational perspectives on the Cisco Trust Center.
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Give the gift of security resilience and receive instant savings from a secure choice enterprise agreement.
When it comes to the holidays, most thoughts turn towards shopping and spending time with friends and loved ones. In the business world, the holiday season often lands at the end of the quarter / fiscal year, and businesses start to make lists of things that need to be purchased in the coming years, and sometimes they find themselves wanting to purchase a gift – so to speak – for themselves.
The problem that many organizations face is that when it comes to purchasing products and services, balancing today’s needs and budget isn’t as easy as it sounds. Add to this the concern of unclear future security needs which can be stressful. But what if you could get exactly what you need, protect the budget and future-proof your investment at the same time?
We want to give a gift to you. That is right, you read that correctly. We want to make your holidays a little bit more special with the gift of security resilience. And we can offer that to you with instant savings.
Here are a few examples of how you can build the gift of security resilience that best fits your organization’s security needs today and is ready to grow with your tomorrow.
Provide edge to edge protection. Hold the first line of defense against cyberthreats for branch offices and remote users. Maintain the last line of defense, by protecting your endpoint devices with rapid incident detection, response, and remediation of advanced threats.
Provide protection for your users and devices with these essential Cisco Secure products.
Protect what matters, get cloud and application protection that secures internet access, safeguards cloud app usage, and identifies public cloud threats. Build out your cloud and application security with these essential Cisco Secure products.
Cisco Secure Zero Trust helps you transform your business with continuous verification of users and devices for secure access. These Cisco Secure products are part of the essential architecture towards building zero trust secure access.
Choose any of the two Cisco Secure products that you want to buy towards building out user and device security, cloud and application security, zero trust secure access, or any of our security solutions. You do not have to stop with two, you have the freedom to grow; add more, save more.
Cisco Secure products you can choose from:
Give the Gift of Security with a Cisco Secure Choice Enterprise Agreement
Choose, buy, and deploy Cisco Secure products through one easy-to-manage Cisco Secure Choice Enterprise Agreement; save more as you buy more for all of those on your holiday list. Protect your end users working remotely, in office only, or in a hybrid environment as with more devices on and off the network, cybersecurity risks are not slowing down anytime soon. Build the solution that best fits your organization through a single, flexible agreement that lets you pay annually, as you go, over 3 or 5 years, with 0% financing.
With Cisco’s Secure Choice Enterprise Agreements, you can add security resilience in 2023 and beyond, with exactly the security products and services you need, right when you need them the most.
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Cisco Secure Social Channels
New level unlocked. The next step for Kenna.VM users who are maturing their risk-based vulnerability management program is Kenna.VM Premier—and it’s live.
The Cisco Kenna team is excited to release a new tier of the Kenna Security platform designed specifically for customers or prospects that have reached a point of maturity in which they can and want to do more with their vulnerability management program.
In addition to the existing Kenna features and functionality you know and love, the new Kenna.VM Premier tier includes:
We’re particularly excited about the new features that are debuting with this tier. So, let’s take a closer look at everything that’s included.
On the Kenna.VM homepage, a new metric will appear at the top right corner (Figure 1). The Remediation Score, as this measurement is known, quantifies how well an organization is addressing risk overall.
The Remediation Score itself encompasses four key measurements (Figure 2), which may sound familiar to you if you’ve been reading any of the Prioritization to Prediction reports produced by Kenna and the Cyentia Institute:
These new remediation insights will allow organizations to shift away from relying on just the Risk Score itself as a measurement to assess the performance of remediation teams. While many organizations opt to use the Risk Score in this manner, there are inherent problems with evaluating performance based on the Risk Score—particularly for mature programs. A Risk Score can spike at any moment due to a suddenly high-risk vulnerability—a spike that isn’t a reflection on the remediation team themselves. And as organizations mature, they’re likely to reach a ‘steady state’ with their Risk Score, which makes it a difficult metric to use to measure progress.
Ultimately, these performance metrics will help customers better understand what areas of their remediation efforts are doing well and which might need to be adjusted.
Another new addition to the Kenna.VM platform is zero-day vulnerability intelligence powered by Cisco Talos. Talos regularly identifies high-priority security vulnerabilities in commonly used operating systems and software. The team works with vendors to disclose more than 200 vulnerabilities every year.
This new integration with Talos gives Kenna.VM users access to information on zero-day vulnerabilities documented by the Talos research team (and likely to be in their environment). With the “Zero Days” filter in Kenna.VM, users can isolate zero-day vulnerabilities, investigate, and take action leveraging Snort rule IDs provided by Talos, when applicable (Figure 3).
The last (but certainly not least) piece of the Kenna.VM Premier puzzle is the inclusion of Kenna’s recently enhanced vulnerability intelligence User Interface and API. Kenna is known for its risk scoring, but what people may not realize is just how much data we consume and turn into finished, actionable intelligence. There are more than 18+ threat and exploit intelligence feeds that power our understanding of vulnerabilities, and our vulnerability intel API and UI make of this information available to customers.
The UI provides a dashboard to research any CVE—regardless of whether or not a scanner found that vulnerability in the customer’s environment. Meanwhile, the API allows customers to query Kenna and export as much of our vulnerability intelligence on as many vulnerabilities as they wish, and use that data to enrich any existing IT, dev or security workflows, including Cisco’s very own SecureX. The data in this set includes descriptions, publication dates, CVSS data, available exploits and fixes, insight into remote exploitable vulnerabilities, and much more. Also provided is the Kenna Risk Score for each vulnerability and an indication of whether it is predicted to be exploitable—unique data points derived by Kenna’s data science.
This intelligence, combined with our new remediation scoring and Talos zero-day intelligence, rounds out the Kenna.VM Premier tier as the ideal package for any customer or prospect who is looking to take their vulnerability management program to the next stage of maturity.
Kenna.VM Premier is available today. If you’re interested in learning more, contact your sales representatives or send us a demo request to unlock the next level of your vulnerability management journey.
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Cisco Secure Social Channels
In the second part of this blog series on Unscrambling Cybersecurity Acronyms, we covered Endpoint Detection and Response (EDR) and Managed Endpoint Detection and Response (MEDR) solutions, which included an overview of the evolution of endpoint security solutions. In this blog, we’ll go over Managed Detection and Response (MDR) and Extended Detection and Response (XDR) solutions in more depth.
MDR solutions are a security technology stack delivered as a managed service to customers by third-parties such as cybersecurity vendors or Managed Service Providers (MSPs). They’re similar to Managed Endpoint Detection and Response (MEDR) solutions since both solutions are managed cybersecurity services that use Security Operations Center (SOC) experts to monitor, detect, and respond to threats targeting your organization. However, the main difference between these two offerings is that MEDR solutions monitor only your endpoints while MDR solutions monitor a broader environment.
While MDR security solutions don’t have an exact definition for the types of infrastructure they monitor and the underlying security stack that powers them, they often monitor your endpoint, network, and cloud environments via a ‘follow the sun’ approach that uses multiple security teams distributed around the world to continually defend your environment. These security analysts monitor your environment 24/7 for threats, analyze and prioritize threats, investigate potential incidents, and offer guided remediation of attacks. This enables you to quickly detect advanced threats, effectively contain attacks, and rapidly respond to incidents.
More importantly, MDR security solutions allow you to augment or outsource your security to cybersecurity experts. While nearly every organization must defend their environment from cyberattacks, not every organization has the time, expertise, or personnel to run their own security solution. These organizations can benefit from outsourcing their security to MDR services, which enable them to focus on their core business while getting the security expertise they need. In addition, some organizations don’t have the budget or resources to monitor their environment 24/7 or they may have a small security team that struggles to investigate every threat. MDR security services can also help these organizations by giving them always-on security operations while enabling them to address every threat to their organization.
One drawback to deploying an MDR security service is that you become dependent on a third-party for your security needs. While many organizations don’t have any issues with this, some organizations may be hesitant to hand over control of their cybersecurity to a third-party vendor. In addition, organizations such as larger, more-risk averse companies may not desire an MDR service because they’ve already made cybersecurity investments such as developing their own SOC. Finally, MDR security solutions don’t have truly unified detection and response capabilities since they’re typically powered by heterogenous security technology stacks that lack consolidated telemetry, correlated detections, and holistic incident response. This is where XDR solutions shine.
XDR solutions unify threat monitoring, detection, and response across your entire environment by centralizing visibility, delivering contextual insights, and coordinating response. While ‘XDR’ means different things to different people because it’s a fairly nascent technology, XDR solutions usually consolidate security telemetry from multiple security products into a single solution. Moreover, XDR security solutions provide enriched context by correlating alerts from different security solutions. Finally, comprehensive XDR solutions can simplify incident response by allowing you to automate and orchestrate threat response across your environment.
These solutions speed up threat detection and response by providing a single pane of glass for gaining visibility into threats as well as detecting and responding to attacks. Furthermore, XDR security solutions reduce alert fatigue and false positives with actionable, contextual insights from higher-fidelity detections that mean you spend less time sifting through endless alerts and can focus on the most critical threats. Finally, XDR solutions enable you to streamline your security operations with improved efficiency from automated, orchestrated response across your entire security stack from one unified console.
A major downside to XDR security solutions is that you typically have to deploy and manage these solutions yourself versus having a third-party vendor run them for you. While Managed XDR (MXDR) services are growing, these solutions are still very much in their infancy. In addition, not every organization will want or need a full-fledged XDR solution. For instance, organizations with a higher risk threshold may be satisfied with using an EDR solution and/or an MDR service to defend their organization from threats.
As I mentioned in the first and second parts of this blog series, you shouldn’t take a ‘one-size-fits-all’ approach to cybersecurity since every organization has different needs, goals, risk appetites, staffing levels, and more. This logic holds true for MDR and XDR solutions, with these solutions working well for certain organizations and not so well for other organizations. Regardless, there are a few aspects to consider when evaluating MDR and XDR security solutions.
One factor to keep in mind is if you already have or are planning on building out your own SOC. This is important to think about because developing and operating a SOC can require large investments in cybersecurity, which includes having the right expertise on your security teams. Organizations unwilling to make these commitments usually end up choosing managed security services such as MDR solutions, which allows them to protect their organization without considerable upfront investments.
Other critical factors to consider are your existing security maturity and overall goals. For instance, organizations who have already made significant commitments to cybersecurity often think about ways to improve the operational efficiency of their security teams. These organizations frequently turn to XDR tools since these solutions reduce threat detection and response times, provide better visibility and context while decreasing alert fatigue. Moreover, organizations with substantial security investments should consider open and extensible XDR solutions that integrate with their existing tools to avoid having to ‘rip and replace’ security tools, which can be costly and cumbersome.
I hope this blog series on the different threat detection and response solutions help you make sense of the different cybersecurity acronyms while guiding you in your decision on the right security solution for your organization. For more information on MDR solutions, read about how Cisco Secure Managed Detection and Response (MDR) rapidly detects and contains threats with an elite team of security experts. For more information on XDR solutions, learn how the Cisco XDR offering finds and remediates threats faster with increased visibility and critical context to automate threat response.
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Scott Heider is a manager within the Cisco Security Visibility and Incident Command team that reports to the company’s Security & Trust Organization. Primarily tasked with helping to keep the integration of an acquired company’s solutions as efficient as possible, Heider and his team are typically brought into the process after a public announcement of the acquisition has already been made. This blog is the final in a series focused on M&A cybersecurity, following Dan Burke’s post on Making Merger and Acquisition Cybersecurity More Manageable.
Mergers and acquisitions (M&A) are complicated. Many factors are involved, ensuring cybersecurity across the entire ecosystem as an organization integrates a newly acquired company’s products and solutions—and personnel—into its workstreams.
Through decades of acquisitions, Cisco has gained expertise and experience to make its M&A efforts seamless and successful. This success is in large part to a variety of internal teams that keep cybersecurity top of mind throughout the implementation and integration process.
“Priority one for the team,” says Heider, “is to balance the enablement of business innovation with the protection of Cisco’s information and systems. Because Cisco is now the ultimate responsible party of that acquisition, we make sure that the acquisition adheres to a minimum level of security policy standards and guidelines.”
The team looks at the acquired company’s security posture and then partners with the company to educate and influence them to take necessary actions to achieve Cisco’s security baseline.
That process starts with assessing the acquired company’s infrastructure to identify and rate attack surfaces and threats. Heider asks questions that help identify issues around what he calls the four pillars of security, monitoring, and incident response:
The infrastructure that Heider’s team evaluates isn’t just the company’s servers and data center infrastructure. It can also include the systems the acquisition rents data center space to or public cloud infrastructure. Those considerations further complicate security and must be assessed for threats and vulnerabilities.
Once Heider’s team is activated, they partner with the acquired company and meet with them regularly to suggest areas where that acquisition can improve its security posture and reduce the overall risk to Cisco.
Identifying and addressing risk is critical for both sides of the table, however, not just for Cisco. “A lot of acquisitions don’t realize that when Cisco acquires a company, that organization suddenly has a bigger target on its back,” says Heider. “Threat actors will often look at who Cisco is acquiring, and they might know that that company’s security posture isn’t adequate—because a lot of times these acquisitions are just focused on their go-to-market strategy.”
Those security vulnerabilities can become easy entry points for threat actors to gain access to Cisco’s systems and data. That’s why Heider works so closely with acquisitions to gain visibility into the company’s environment to reduce those security threats. Some companies are more focused on security than others, and it’s up to Heider’s team to figure out what each acquisition needs.
“The acquisition might not have an established forensics program, for instance, and that’s where Cisco can come in and help out,” Heider says. “They might not have tools like Stealthwatch or NetFlow monitoring, or Firepower for IDS/IPS operations.”
When Heider’s team can bring in their established toolset and experienced personnel, “that’s where the relationship between my team and that acquisition grows because they see we can provide things that they just never thought about, or that they don’t have at their disposal,” he says.
One of the most important factors in a successful acquisition, according to Heider, is to develop a true partnership with the acquired company and work with the new personnel to reduce risk as efficiently as possible—but without major disruption.
Cisco acquires companies to expand its solution offerings to customers, so disrupting an acquisition’s infrastructure or workflow would only slow down its integration. “We don’t want to disrupt that acquisition’s processes. We don’t want to disrupt their people. We don’t want to disrupt the technology,” says Heider. “What we want to do is be a complement to that acquisition, – that approach is an evolution, not a revolution.”
The focus on evolution can sometimes result in a long process, but along the way, the teams come to trust each other and work together. “They know their environment better than we do. They often know what works—so we try to learn from them. And that’s where constant discussion, constant partnership with them helps them know that we are not a threat, we’re an ally,” says Heider. “My team can’t be everywhere. And that’s where we need these acquisitions to be the eyes and ears of specific areas of Cisco’s infrastructure.”
Training is another way Heider, and his team help acquisitions get up to speed on Cisco’s security standards. “Training is one of the top priorities within our commitments to both Cisco and the industry,” Heider says. “That includes training in Cisco technologies, but also making sure that these individuals are able to connect with other security professionals at conferences and other industry events.”
When asked what advice he has for enterprises that want to maintain security while acquiring other companies, Heider has a few recommendations.
Having the right security agents and clear visibility into endpoints is critical. As is inputting the data logs of those endpoints into a security event and incident management (SEIM) system. That way, explains Heider, you have visibility into your endpoints and can run plays against those logs to identify security threats. “We’ll reach out to the asset owner and say they might have malware on their system—which is something nobody wants to hear,” says Heider. “But that’s what the job entails.”
Often, end users don’t know that they’re clicking on something that could have malware on it. Heider says user education is almost as important as visibility into endpoints. “Cisco really believes in training our users to be custodians of security, because they’re safeguarding our assets and our customers’ data as well.”
End users should be educated about practices such as creating strong passwords and not reusing passwords across different applications. Multi-factor authentication is a good practice, and end users should become familiar with the guidelines around it.
Updating software and systems is a never-ending job, but it’s crucial for keeping infrastructure operating. Sometimes, updating a system can weaken security and create vulnerabilities. Enterprises must maintain a balance between enabling business innovation and keeping systems and data secure. Patching systems can be challenging but neglecting the task can also allow threat actors into a vulnerable system.
Heider says public cloud operations can be beneficial because you’re transferring ownership liability operations to a third party, like Amazon Web Services or Google Cloud platform. “The only caveat,” he says, “is to make sure you understand that environment before you go and put your customer’s data on it. You might make one false click and expose your certificates to the Internet.”
Heider says that while a big part of his job is helping acquisitions uplevel their security domain to meet baseline security requirements, there’s always the goal to do even better. “We don’t want to be just that baseline,” he says. His team has learned from acquisitions in the past and taken some of those functionalities and technologies back to the product groups to make improvements across Cisco’s solutions portfolio.
“We’re customer zero – Cisco is Cisco’s premier customer,” says Heider, “because we will take a product or technology into our environment, identify any gaps, and then circle back to product engineering to improve upon it for us and our customers.”
Managing Cybersecurity Risk in M&A
Demonstrating Trust and Transparency in Mergers and Acquisitions
When It Comes to M&A, Security Is a Journey
Making Merger and Acquisition Cybersecurity More Manageable
We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!
Cisco Secure Social Channels
Dan Burke is the director of strategy, risk, and compliance for AppDynamics, a company acquired by Cisco in 2017. Burke and his team are a vital part of the Cisco acquisition process in helping acquired companies adhere to a higher level of cybersecurity. This blog is the fourth in a series focused on M&A cybersecurity, following Shiva Persaud’s post on When It Comes to M&A, Security Is a Journey.
Part of the secret to Cisco’s success is its ability to acquire companies that strengthen its technology portfolio and securely integrate them into the larger organization. From the outside, that process might appear seamless—consider Webex or Duo Security, for instance—but a fruitful acquisition takes tremendous work by multiple cross-functional teams, mainly to ensure the acquired company’s solutions and products meet Cisco’s rigorous security requirements.
“My team is responsible for aligning new acquisitions to Cisco controls to maintain our compliance with SOC2 and FedRAMP, as well as other required certifications,” says Burke.
When Cisco acquires a new company, it conducts an assessment and produces a security readiness plan (SRP) document. The SRP details the identified weaknesses and risks within that company and what they need to fix to meet Cisco standards.
“In the past, my team wouldn’t find out about an acquisition until they received a completed SRP. The downside of this approach was that the assessments and negotiations had been done without input from our group of experts, and target dates for resolution had already been decided on,” shares Burke.
“We needed to be involved in the process before the SRP was created to understand all risks and compliance issues in advance. Now we have a partnership with the Cisco Security and Trust M&A team and know about an acquisition months before we can start working to address risks and other issues—before the SRP is completed and the due dates have been assigned,” Burke adds.
“Another issue resolved in this process change is that Cisco can gain earlier access to the people in the acquired company who know the security risks of their solutions. During acquisitions, people will often leave the company, taking with them their institutional knowledge, resulting in Cisco having to start from scratch to identify and assess the risks and determine how best to resolve them as quickly as possible,” says Burke. “It could be vulnerabilities in physical infrastructure or software code or both. It could be that the company isn’t scanning often enough, or they don’t have SOC 2 or FedRAMP certification yet—or they’re not using Cisco’s tools.”
“Third-party vendors and suppliers can also present an issue,” he adds. “One of the biggest risk areas of any company is outside vendors who have access to a company’s data. It’s vital to identify who these vendors are and understand the level of access they have to data and applications. The earlier we know all these things, the more time we must devise solutions to solve them.”
“Now that I’m in the process earlier, I can build a relationship with the people who have the security knowledge—before they leave. If I can understand their mindset and how all these issues came about, I can help them assimilate more easily into the bigger Cisco family,” says Burke.
The additional benefits of bringing teams in earlier are reduced risk and compliance requirements can be met earlier. It also provides a smoother transition for the company being acquired and ensures they meet the security requirements that customers expect when using their technology solutions.
“Without that early involvement, we might treat a low-risk issue as high risk, or vice versa. The misclassification of risk is extremely dangerous. If you’re treating something as high risk, that’s low risk, and you’re wasting people’s time and money. But if something’s high risk and you’re treating it as low risk, then you’re in danger of harming your company,” Burke shares.
“The key is to involve their risk, compliance, and security professionals from the beginning. I think other companies keep the M&A process so closely guarded, to their detriment. I understand the need for privacy and to make sure deals are confidential but bringing us in earlier was an advantage for the M&A team and us,” Burke adds.
When asked what he thinks makes Cisco successful in M&A, Burke says, “Cisco does an excellent job of assimilating everyone into the larger organization. I have worked at other companies where they kept their acquisitions separate, which means you have people operating separately with different controls for different companies. That’s not only a financial burden but also a compliance headache.”
“That’s why Cisco tries to drive all its acquisitions through our main programs and controls. It makes life easier for everyone in terms of compliance. With Cisco, you have that security confidence knowing that all these companies are brought up to their already very high standards, and you can rely on the fact that they don’t treat them separately. And when an acquisition has vulnerabilities, we identify them, set out a remediation path, and manage the process until those risks are resolved,” Burke concludes.
Managing Cybersecurity Risk in M&A
Demonstrating Trust and Transparency in Mergers and Acquisitions
When It Comes to M&A, Security Is a Journey
We’d love to hear what you think. Ask a Question, Comment Below, and Stay Connected with Cisco Secure on social!
Cisco Secure Social Channels
In the first part of this blog series on Unscrambling Cybersecurity Acronyms, we provided a high-level overview of the different threat detection and response solutions and went over how to find the right solution for your organization. In this blog, we’ll do a deeper dive on two of these solutions – Endpoint Detection and Response (EDR) and Managed Endpoint Detection and Response (MEDR). However, first let’s take a look back at the history of endpoint security solutions and understand how we got EDR and MEDR security solutions.
The very first endpoint security solutions started out as anti-virus solutions (AV) with basic security functionality that relied heavily on signature-based detection. These solutions were effective against known threats where a signature was created, but ineffective against unknown threats such as new and emerging attacks. That meant that organizations struggled to stay ahead of attackers, who were continuously evolving their techniques to evade detection with new types of malware.
To address this problem, AV vendors added detection technologies such as heuristics, reputational analysis, behavioral protection, and even machine learning to their solutions, which became known as Endpoint Protection Platforms (EPP). These unified solutions were effective against both known and unknown threats and frequently used multiple approaches to prevent malware and other attacks from infecting endpoints.
As cyberattacks grew increasingly sophisticated though, many in the cybersecurity industry recognized that protection against threats wasn’t enough. Effective endpoint security had to include detection and response capabilities to quickly investigate and remediate the inevitable security breach. This led to the creation of EDR security solutions, which focused on post-breach efforts to contain and clean up attacks on compromised endpoints.
Today, most endpoint security vendors combine EPP and EDR solutions into a single, converged solution that provides holistic defense to customers with protection, detection, and response capabilities. Many vendors are also offering EDR as a managed service (also known as MEDR) to customers who need help in securing their endpoints or who don’t have the resources to configure and manage their own EDR solution. Now that we’ve gone over how endpoint security evolved into EDR and MEDR security solutions, let’s cover EDR and MEDR in more depth.
EDR solutions continuously monitor your endpoints for threats, alert you in case suspicious activity is detected, and allow you to investigate, respond to and contain potential attacks. Moreover, many EDR security solutions provide threat hunting functionality to help you proactively spot threats in your environment. They’re often coupled with or part of a broader endpoint security solution that also includes prevention capabilities via an EPP solution to protect against the initial incursion.
As a result, EDR security solutions enable you to protect your organization from sophisticated attacks by rapidly detecting, containing, and remediating threats on your endpoints before they gain a foothold in your environment. They give you deep visibility into your endpoints while effectively identifying both known and unknown threats. Furthermore, you can quickly contain attacks that get through your defenses with automated response capabilities and hunt for hidden threats that are difficult to detect.
While EDR provides several benefits to customers, it has some drawbacks. Chief among them is that EDR security solutions are focused on monitoring endpoints only versus monitoring a broader environment. This means that EDR solutions don’t detect threats targeting other parts of your environment such as your network, email, or cloud infrastructure. In addition, not every organization has the security staff, budget, and/or skills to deploy and run an EDR solution. This is where MEDR solutions come into play.
Managed EDR or MEDR solutions are EDR capabilities delivered as a managed service to customers by third-parties such as cybersecurity vendors or Managed Service Providers (MSPs). This includes key EDR functionality such as monitoring endpoints, detecting advanced threats, rapidly containing threats, and responding to attacks. These third-parties usually have a team of Security Operations Center (SOC) specialists who monitor, detect, and respond to threats across your endpoints around the clock via a ‘follow the sun’ approach to monitoring.
MEDR security solutions allow you to offload the work of securing your endpoints to a team of security professionals. Many organizations need to defend their endpoints from advanced threats but don’t necessarily have the desire, resources, or expertise to manage an EDR solution. In addition, a team of dedicated SOC experts with advanced security tools can typically detect and respond to threats faster than in-house security teams, all while investigating every incident and prioritizing the most critical threats. This enables you to focus on your core business while getting always-on security operations.
Similar to EDR though, one downside to MEDR security solutions is that they defend only your endpoints from advanced threats and don’t monitor other parts of your infrastructure. Moreover, while many organizations want to deploy EDR as a managed service, not everyone desires this. For example, larger and/or more risk-averse organizations who are looking to invest heavily in cybersecurity are typically satisfied with running their own EDR solution. Now, let’s discuss how to choose the right endpoint security solution when trying to defend your endpoints from threats.
As I mentioned in my previous blog, there isn’t a single correct solution for every organization. This logic applies to EDR and MEDR security solutions as well since each solution works well for different types of organizations, depending on their needs, resources, motivations, and more. Nevertheless, one major factor to consider is if you have or are willing to build out a SOC for your organization. This is important because organizations that don’t have or aren’t willing to develop a SOC usually gravitate towards MEDR solutions, which don’t require significant investments in cybersecurity.
Another factor to keep in mind is your security expertise. Even if you’re have or are willing to build a SOC, you may not have the right cybersecurity talent and skills within your organization. While you can always build out your security team, you may want to evaluate an MEDR solution because a lack of expertise makes it difficult to effectively manage an EDR solution. Finally, a common misconception is that you must choose between an EDR and a MEDR solution and that you cannot run both solutions. In reality, many organizations end up using both EDR and MEDR since MEDR solutions often complement EDR deployments.
I hope this information and key factors help you better understand EDR and MEDR solutions while acting as a guide to selecting the best endpoint security solution for your organization. For more details on the different cybersecurity acronyms and how to identify the right solution for your needs, stay tuned for the next blog in this series – Unscrambling Cybersecurity Acronyms: The ABCs of MDR and XDR Security. In the meantime, learn how Cisco Secure Endpoint stops threats with a comprehensive endpoint security solution that includes both advanced EDR and MEDR capabilities powered by an integrated security platform!
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