ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Incident response planning emerges as a key cybersecurity control in reducing cyber risk: Marsh McLennan Cyber Risk Intelligence Center report

Despite being focused on post-breach activities, cyber incident response planning has emerged as a key cybersecurity control in reducing an organization’s likelihood of experiencing a breach-related claim, according to a new report from the Cyber Risk Intelligence Center (CRIC) of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy, and people.

The report, Cybersecurity signals: Connecting controls and incident outcomes, found that organizations that regularly engage in tabletop exercises and scenario-based breach response drills are 13% less likely to experience a material cyber event than those that do not.

Since launching its 2023 research into the correlation between the 12 cybersecurity controls tracked by the cyber insurance industry and the likelihood of a cyber claim, the CRIC has continued to analyze organizations’ cyber control implementation information from Marsh’s Cyber Self-Assessment against claims. This year, cyber incident response planning ranked as the fourth most effective control in decreasing an organization’s probability of experiencing a breach-based claim, behind endpoint detection and response (EDR), logging and monitoring, and cybersecurity awareness training and phishing testing.

“Marsh has long advocated proactive cyber incident response planning as a tool to help organizations effectively and efficiently respond to and recover from a cyberattack,” said Tom Reagan, Global Cyber Practice Leader, Marsh. “What our latest research confirms is that thoughtful planning also drives secondary benefits like positive security behaviors and strong control implementations, which help build more organizational resilience and reduce breach incidents.”

This year’s report also highlights the importance of effectively deploying and managing other key cybersecurity controls. For instance, the report found that each jump of 25% in EDR deployment across workstations and laptops was correlated with an additional 10% decrease in breach likelihood. Similarly, a multi-factor authentication (MFA) deployment that is resistant to phishing schemes is correlated with a 9% lower breach likelihood than MFA that is not.

“Our findings emphasize that simply deploying key cybersecurity controls is no longer enough—these tools must be properly managed and comprehensively used,” said Scott Stransky, Head of Marsh McLennan’s CRIC. “By drawing on our insights, organizations can make informed decisions to strengthen their security frameworks and help reduce their exposure to cyber risks.”

About Marsh McLennan

Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of over $24 billion and more than 90,000 colleagues, Marsh McLennan helps build the confidence to thrive through the power of perspective. For more information, visit marshmclennan.com, follow us on LinkedIn and X.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.