Pandemic and the subsequent lockdowns had a huge impact on our lives and changed the way we conduct business forever. According to 2021 IBM’s Cost of a Data Breach Report, data breach costs rose by 9% from USD 3.86 million to USD 4.24 million, the highest average total cost in the 17-year history of this report. Cyber security technologies continue to evolve but we have not been able to reduce costs incurred by businesses. It is time to go back to the drawing board and address the problem.
The issue is caused by many reasons such as new-gen technologies (Cloud, IoT), significant growth of remote workers, shortage of skilled resources, un-coordinated efforts towards cyber security. For us at ValueLabs, Cyber Security is not limited to reaching compliance levels. We believe cyber security efforts have to be comprehensive covering each aspect of your IT processes, right when you start designing your IT systems to the operating environment.
For us at ValueLabs, it starts with modeling your architecture to identify threats. Frameworks such as MITRE ATT&CK and STRIDE are deployed to ensure the architecture is resilient to the techniques used by advanced threat actors. Strong access management is a fundamental part of the architecture and our zero-trust approach has helped many of our customers. As enterprises move towards expanded perimeter on the Cloud, Cloud Access Security Brokers help deploy appropriate access controls.
Our agile development processes incorporate a fully automated security scanning stack to identify and contain security vulnerabilities on time. This scanning stack includes tools for static and dynamic analysis and covers traditional virtual machines and containers as well.
Our next-gen managed security operations center with exceptionally skilled cyber experts ensures human-led AI aided 24×7 threat protection. Threat intelligence along with automated incident management allows us to detect and respond to cyber incidents faster than ever driving continuous assurance for our customers.
Assistant Vice President
Practice Head Cyber Security