Austin, TX (PRWEB)
September 18, 2017
Nearly one billion malware-based incidents occurred between June and November of 2016.(1) The estimated cost of cyber crime has climbed by 23%, up to nearly $1 billion.(2) Even worse, experts estimate that 99 percent of computers are vulnerable to cyber attacks.(3) Lloyd’s of London recently estimated that a global cyber attack could spur $53 billion in losses.(4)
As computer networks grow in complexity, the threat of being attacked through cyberspace is growing. Cyber criminals and hackers are becoming more sophisticated. Companies have started to recognize that outdated software is not enough to protect their assets, and have begun to pursue big data analytics for better cybersecurity.
“The future in cyber security depends on big data analytics. Computer programs that can keep up with the malware variants constantly being developed by hackers are now helping a variety of companies keep ahead of the attacks,” says Timothy Crosby, senior security consultant for Spohn Security Solutions.
As cyber attacks are becoming increasingly advanced and persistent and the traditional notion of a security perimeter has all but ceased to exist, organizations have to rethink their cyber security strategies. New real-time security intelligence solutions are combining big data and advanced analytics to correlate security events across multiple data sources, providing early detection of suspicious activities, rich forensic analysis tools, and highly automated remediation workflows.(1)
According to a report by the Ponemon Institute, organizations are 2.25 times more likely to recognize a security incident within hours or minutes of the event when they leverage big data analytics. These users have higher confidence in their ability to detect issues, and 65 percent of respondents noted that using big data is essential to ensuring a strong cyber security posture.(5) Ninety percent of surveyed federal IT managers acknowledged that they were able to decrease instances of malware, insider threats and social engineering by using big data, according to a report by MeriTalk and Cloudera. Another 94 percent plan to increase…