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April 20, 2015
AS DAMAGE FROM CYBER ATTACKS SPREADS, BOOZ ALLEN SHARES TRENDS THAT WILL SHAPE INCIDENT RESPONSE, RECOVERY
McLean, VA — If the past 12 months saw a dramatic increase in data breach activity, then the year ahead promises to bring an entirely new set of concerns – and a shift in how companies are responding to the cyber threat. Increasingly, companies are exploring a more “active defense” approach to cyber security, while preparing for an entirely new set of threats to medical data, connected vehicles, mobile payments, and Internet of Things as well as emerging technologies like “wearables.” Traditional incident response – the rapid deployment of a team to remediate breaches to a network, identify additional threats and restore functionality – is necessary, but no longer sufficient. The connectedness of our cyber network demands intelligence-driven tools and processes that equip leaders with an anticipatory edge. Those are among the trends identified by Booz Allen Hamilton (NYSE: BAH) as the company offers lessons in incident response and examines trends that will shape how organizations prepare for and respond to cyber attacks.
“When it comes to data security, the fundamentals have changed,” said Bill Stewart, executive vice president at Booz Allen and leader of the firm’s commercial cyber business. “News of a large-scale data breach is nearly an everyday occurrence, while the scope and long-term damage associated with cyber incidents are escalating.” U.S. data breaches hit a record high of 783 in 2014 according to the Identity Theft Resource Center, a 27.5 percent year-over-year increase.
As data security becomes a top priority for organizations of all sizes, Booz Allen’s team of cyber experts sifted through the noise to determine what trends might shape the next 12 months. “The companies we speak with are tired of chasing the problem: they want to do better than fight the next battle with the last war’s plan,” said Bill Stewart. “Looking ahead, we see both new, daunting risks and a shift in how companies tackle the cyber security challenge.”
Emerging Trends: Big Changes in Cyber Risk, Detection, Improved Incident Response
“We are entering an entirely new phase in the fight against cyber threats,” said Christopher Ling, executive vice president and leader of Booz Allen’s cybersecurity business. With every widely reported breach, cyber security is moving from the ‘to do’ list to a CEO and Board level priority. We expect to see a fundamental shift in how companies prepare, which will only grow more urgent as new threats emerge.”
At the 2015 RSA Conference, senior leaders from Booz Allen will discuss the growing cyber security challenges facing organizations and new solutions that will shape best practice preparedness and response in the months ahead. For the complete line-up of the firm’s participation in RSA 2015, visit: http://www.boozallen.com/lp/rsa-usa-2015 and follow us on Twitter (@BoozAllen) and #RSAC.
About Booz Allen
For more than 100 years, business, government, and military leaders have turned to Booz Allen Hamilton to solve their most complex problems. They trust us to bring together the right minds: those who devote themselves to the challenge at hand, who speak with relentless candor, and who act with courage and character. They expect original solutions where there are no roadmaps. They rely on us because they know that—together—we will find the answers and change the world.
We solve the most difficult management and technology problems through a combination of consulting, analytics, digital solutions, engineering, and cyber expertise. With global headquarters in McLean, Virginia, our firm employs approximately 24,600 people globally, and had revenue of $6.17 billion for the 12 months ended March 31, 2018. To learn more, visit www.boozallen.com. (NYSE: BAH)