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With $200 million investment IBM wants to build world-class capabilities for thwarting cybercrime

IBM wants to build world-class capabilities for thwarting cybercrime

As part of a $200 million investment made this year IBM Security is opening a new global security headquarters in Cambridge, Mass. which features the industry’s first commercial Cyber Range.

At this facility participants experience preparing for and responding to cyber attacks using live malware and real-world scenarios.

IBM also expanded capabilities and capacity for its global network of IBM X-Force Command Centers which now handle over 1 trillion security events per month. These security operations centers are staffed by 1,400 security professionals who will use cognitive technologies like Watson for client services, including chat sessions and data delivery, as well as Watson for Cybersecurity to quickly address cyber security events.

As part of this announcement, IBM launched a new elite incident response and intelligence consulting team called IBM X-Force Incident Response and Intelligence Services (IRIS). IBM’s investments also includes its acquisition of Resilient Systems earlier this year, a pioneer in the incident response market.

Ponemon Institute study on Cyber Resilience

A new Ponemon Institute study on Cyber Resilience, sponsored by IBM and also announced today, found 75 percent of IT and security professionals surveyed say their organization does not have a modern incident response plan applied across the entire enterprise. This lack of planning and coordination can make it difficult to respond quickly and contain the costs of an incident. For example, in 2018, companies in the UK must report data breaches to regulators within 72 hours or face fines up to 4 percent of their global annual turnover.

“Being prepared to respond is the first line of defense in making sure a cyber security incident doesn’t become a crisis,” said Marc van Zadelhoff, General Manager, IBM Security. “To adequately prepare for –and respond to – cyber attacks, companies need to assemble cross-functional teams that bring a strategic mix of security intelligence, technical skill, legal precision and regulatory understanding combined with a comprehensive plan of action. With our investments, we’ve moved IBM into a unique position in the industry with a comprehensive cybersecurity immune system for customers to build world-class capabilities for thwarting cybercrime.”

New IBM X-Force IRIS

IBM also launched a new incident response and intelligence consulting team called IBM X-Force IRIS. Led by Wendi Whitmore, Global Lead, IBM X-Force IRIS the team includes over 100 elite cybersecurity consultants positioned throughout the globe, with deep expertise in incident response and threat intelligence.

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