Microsoft has launched its Incident Response Retainer service, offering prepaid blocks of hours to assist businesses in preparing for and responding to cyber attacks. According to IBM’s Cost of a Data Breach report, companies with incident response and AI automation were able to identify and contain breaches 28 days faster than unprepared companies, saving them $3.05 million in costs. Microsoft claims that its Incident Response Retainer service provides the fastest response times and direct access to its team of global cybersecurity experts. The company has also teamed up with Kivu, a cybersecurity and incident response service provider, to use their existing relationships with cyber insurance providers in responding to customers’ cyber incidents. In addition, the partnership allows Kivu to regard Microsoft as the premier option for post-breach remediation services when their clients require them. Microsoft’s Corporate Vice President of Security Services, Kelly Bissell, states that security is a team sport, and incident response is one of the most important areas where industry leaders should collaborate. This initiative shows that Microsoft is committed to offering reliable cybersecurity services.
Microsoft’s Incident Response Retainer: A cybersecurity solution for companies
Microsoft has launched its Incident Response Retainer service, which offers prepaid blocks of hours to help businesses prepare for and respond to cyber attacks. The company claims that the service provides the fastest response times and direct access to its team of global cybersecurity experts. This offering is meant to provide a streamlined path for proactive attack preparation, reactive crisis response, and compromise recovery. It also offers flexible delivery options that can cater to the unique needs of each customer.
The 2022 Cost of a Data Breach report from IBM revealed that companies with incident response and AI automation were able to identify and contain data breaches 28 days faster than unprepared companies, saving them a whopping $3.05 million in costs. As per this report, it is clear that incident response services are crucial for companies to combat cybersecurity risks.
To strengthen the services offered by Incident Response Retainer, Microsoft has teamed up with cybersecurity and incident response service provider, Kivu. They plan to use existing relationships with cyber insurance providers in responding to customers’ cyber incidents. In their joint collaboration, Kivu will see Microsoft as the premier option for post-breach remediation services when their clients require them, while Microsoft will see Kivu as a trusted partner for handling ransomware negotiations.
Kelly Bissell, Corporate Vice President of Security Services at Microsoft, stated that their mission is to secure the world so that customers can thrive. He further added that security is a team sport, and incident response is one of the most important areas where industry leaders should collaborate. This initiative shows that Microsoft is committed to offering reliable cybersecurity services, and its partnership with Kivu will enhance its ability to tackle cybersecurity threats.
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