About Us

Security Orchestration, Automation and Response (SOAR) – Everything you need to know

Security Orchestration, Automation and Response is a system that collects data about security threats using integrated software solutions to analyze and respond to security threats using automated machine learning to provide assistance to human analysts.

The 3 Factors of SOAR are –

Security Orchestration – It is the process of incorporating various technological solutions, both security-related and non-security-related, in order for them to work together in a way that facilitates collaboration. These different tools gather information from multiple sources into a centralized system, which increases the accuracy and makes system more secure.

Automation – This concept empowers technical tools with the help of machine learning to perform security operations task without assistance of human beings. It saves the security analyst’s time by reducing the amount of time they spend on basic, routine tasks by automating them. Security analysts can utilize their time for more creative and challenging tasks. Automation is not an option for replacement of human analysts.

Response – Once a threat is identified, ‘Security Response’ offers security analysts a single centralized overview for tracking, planning, handling, and reporting measures taken. SOAR tools cover post-incident events including case management modules. These modules aid in the communication of lessons learned and the delivery of faster proactive response time to potential attacks.

SOAR vs. SIEM – SOAR and SIEM (Security Information and Event Management) are not the same, even though they gather data from different sources, spot anomalies, and generate alerts. SOAR systems give an additional option of automation to provide automated responses to attacks, while SIEM systems only have functionality of generating alerts to security analysts of a potential incident.

Benefits of SOAR for Organizations

1) Security Teams – Staffing shortages are a frequent occurrence in an Enterprise’s Security Operations Center. It’s a delicate balancing act to ensure an organization has the requisite personnel and it is making optimum use of human resource. SOAR solves this problem by enhancing the process, applying required degree of automation and orchestration by ensuring reliable, defensive response to threats so as to protect organization’s sensitive information. This includes automating repetitive tasks and provides structured incident handling responses. It also gives company the access to industry-leading machine learning algorithms, allowing them to react even faster to security incidents as they occur.

2) SOAR’s scalability and customization – There are default integrations available with every SOAR solution, but some companies’ security applications will not support them. As a result, the SOAR solution is made customizable enough to build integrations from both sides as per customer’s needs. An effective SOAR solution is flexible and customizable enough to work on top of various security tools.

3) Vendors – Normally, companies have a single vendor solution or software to manage the security operation center. Even if company uses more vendors there are complexities involved in it. But SOAR integrates a variety of security solutions into a centralized orchestration system that can be implemented in any cloud-based system. A SOAR solution is efficient enough to implement responses of various teams like SOC (Security Operations center) and CSIRT (Computer Security Incident Response Team). Soar gives a centralized overview and control across the enterprise. This integration reduces security operations procedures by using case management, incident lifecycle and extends life of existing resources, maximizing the return on investment.

4) Data Enrichment – Data collected from a software is useful, but it is limited. SOAR tools overcome this limitation by collaborating multiple software solutions. This is a huge advantage, since data collected about security is rich and makes security system of an enterprise firm updated and robust.

Security Orchestration, Automation and Response (SOAR) is introduced by one of the leading research firm is in initial phase of development in the market. With innovation and evolving market SOAR Solutions will be adapted by many organizations.

Integrated Risk Management Platforms – All You Need to Know

Defining risk

A risk is defined as “the potential for loss due to uncertainty” or “the possibility of something bad happening due to lack of security”.

From these definitions, we can safely incur, that to reduce risk, organizations should not only be extremely risk-aware, but also have impeccable security measures in place. In order to make organizations guarded from various types of risk, (Material/Physical Risks, Cyber Risks, Reputational Risks, Legal Risks, or Operational Risks) there are several measures that can be put in place – one of them being ERM or Enterprise Risk Management.

ERM is the practice of analyzing potential risk and creating a plan to control risk-eliminating activities. It helps view risks from a bird’s-eye view – at an organizational level – and create strategies that ensure mitigation of risk.

However, with the digital revolution unfolding, information/data dependency has drastically increased. This also means that the IT or Cyber-risks are rapidly evolving and call for a comprehensive methodology to deal with them.
Integrated Risk Management (IRM) specializes in handling the risks prevalent in an organization’s technological infrastructure. While it still includes multiple elements of Enterprise Risk Management, it takes a more polished, all-encompassing approach to risk management. It equips an organization to acknowledge, understand, and curb their distinct risk scenarios.

The correct implementation of IRM is highly dependent on an organizations’ risk-awareness and ability to –
  • Create and implement governance, risk assessment, and risk ownership framework.
  • Identify upcoming risks internally and externally.
  • Create and implement a response strategy.
  • Continuously monitor business objectives, update governance policies in accordance with goals, remain updated on new types of risks and threats, and comply with regulations.
  • Adopt the correct IRM solutions to build a strong and unified risk management architecture.
What are Integrated Risk Management Platforms?

Traditionally, GRC (Governance, Risk, and Compliance) Platforms took a siloed approach to risk management. This often led to negligence of important details and increased vulnerabilities.

GRC Platforms helped manage –

  • Governance – The framework of rules and guidelines that create a foundation for all business practices.
  • Risk – The possibility of an organization facing losses due to negligence, breach, non-compliance, or poor governance.
  • Compliance – Following the framework of rules established to ensure governance and reduction of risk.

As time has passed, GRC platforms have morphed into being more flexible, less siloed platforms. They now view risk management as a whole – with governance and compliance being an integral part of the risk management process. These evolved Governance, Risk and Compliance (GRC) Platforms are now known as Integrated Risk Management (IRM) / Centralized Risk Management (CRM) Platforms.

Integrated Risk Management Platforms help organizations cope with their ever-increasing risk management needs. The various functionalities of IRM Platforms are listed below –
  • Manage risks across data security, cyber security and compliance areas spanning across various locations or sources.
  • Standardize risk assessment methods and risk management frameworks across siloes to unify risk management practices across business functions.
  • Provide visibility into threat exposure, risk interconnections, vulnerabilities and their impact on overall security measures.
  • Create an internal audit process to provide specialized risk assessments and insights.
  • Create a tracking framework dependent on business policies to make compliance and data usage ethics stronger. This tracking also helps locate and remedy violations.
  • Store all the data required to monitor risks securely on a centralized database.
  • Create risk libraries that catalog the most critical risks and provide accurate and actionable data pertaining to the threat history for an organization.
  • Analyze risk-related data and present comprehensive reports with heat maps, risk summaries and risk-control dashboards.
  • Automate risk management tasks, deliver reminders and record events.
  • Highlight compliance related risks through continuous monitoring and real-time updates.

Apart from these, IRM systems can also manage end-to-end third-party risk assessments by reaching out to external databases and gathering information continuously to help organizations mitigate risks.
Integrated Risk Management Platforms are advantageous because they help organizations to reduce the manual labor that goes into ensuring information security for an enterprise. Additionally, there are multiple other advantages that automating risk management can bring.

  • Identify and analyze risks at the organizational level and create a strategic plan for risk management.
  • Execute risk management and compliance policies.
  • Speed up decision-making by providing a comprehensive list of the risks and pain points involved.
  • Create a bridge between the planning and execution of governance and compliance policies.
  • Become and remain risk-aware and proactive in risk management.