Case Study

Revolutionizing Threat Response: Abdi İbrahim's Triumph in Threat Sharing & Mitigation

Discover how Abdi İbrahim bolstered its cyber defense with automated threat intelligence sharing and analysis.

Introduction

Abdi İbrahim, a multinational pharmaceutical company with 4600 employees, is recognized globally for its significant contributions to the healthcare industry. However, with its global reach, Abdi İbrahim faced a complex cybersecurity challenge - phishing attacks that target their business and supply chain. Despite having a robust security infrastructure, the global spread of its operations presented unique challenges. Investigating these attacks, removing the threats, and scanning other users' emails to find similar attacks was an impossible task for them + supply chain.

Abdi İbrahim wanted to safeguard their assets by effectively identifying and counteracting malicious activities using reliable threat intelligence data. They sought a solution that offered a comprehensive view of threat actors, enhanced their investigative approach, and accelerated their Incident Response (IR) efforts. Their goal was to

to block threats before they could reach them or their supply chain,
to prevent damage if threats had already infiltrated.

After reviewing different threat intelligence platforms, Abdi Ibrahim chose Keepnet Labs. Unlike others that only provide threat feeds, Keepnet provided trusted, reliable data and enabled peer-to-peer threat sharing. This led Abdi Ibrahim to automate responses to threats, enhancing its digital security and reinforcing trust among clients and supply chains while protecting its global brand integrity.

Successful Outcomes

An impressive annual Return on Investment (ROI) of $57,590 was achieved.
They prevented an annual potential financial loss of $1,385,520
Within a year, employees improved their ability to recognize phishing by 97%.

Highlighting the Potential Risks of Phishing Attacks for Abdi İbrahim

Legal Risks: The risk of non-compliance with industry regulations is a severe concern for Abdi İbrahim.
Financial Impact: Phishing attacks can lead to data breaches and ransom demands, causing significant financial losses.
Reputation: Data integrity compromises due to phishing attacks can negatively impact Abdi İbrahim's reputation among customers, employees, and business partners.
Operational Disruptions: Manual investigations and responses to phishing attacks can disrupt regular business functions, requiring significant resources and attention.
Identity Theft and Fraud Risk: Phishing attacks can expose confidential information, increasing the risk of identity theft and subsequent fraudulent activities.

“We have set up our own Information Sharing and Analysis Center (ISAC) utilizing Keepnet's Threat Sharing product. This has empowered us to exchange and acquire threat intelligence seamlessly with over 200 trusted companies. We maintain a dedicated peer-to-peer data sharing network through this platform, exclusively tailored to our company's needs.”

Yalcin Bekmezci, Security Team Leader of Abdi Ibrahim

Return on Investment (ROI)

The average loss per individual

$502

Employees recognizing and reporting phishing

from 37% to 97% in 1 year

The total potential loss prevented: $1,385,520 annually

Average Cost of Phishing Incident Response

Avg. time to respond to a Phishing incident

from 12 hours to 2 minutes

The average cost of one staff

$60 per hour

The price of a single Phishing incident reduced

from $720 to $0,12

The average number of Phishing incidents reported per year

The total estimated cost savings are $57,590 annually (lowering the cost from $57,600 to $9,2).

How Keepnet Labs Stepped In:

Access to Trusted Threat Data Pool: Keepnet Labs enabled Abdi İbrahim's access to an extensive network with a significant threat data pool, allowing them to acquire and disseminate cyber threat intelligence via sector-based communities while ensuring anonymity.
Custom Threat Intelligence Sharing: Keepnet Labs supported Abdi İbrahim in creating its own threat intelligence sharing platform within a trusted ecosystem. This custom solution further enhanced their ability to automatically manage and respond to incoming threats.
Comprehensive Threat Intelligence Management: Keepnet Labs assisted Abdi İbrahim in setting up an automated threat intelligence sharing environment that integrated community-shared threat intelligence into their network security products.
Automating threat intelligence lifecycle: Automation, facilitated through their SOAR Platform, allows for the automatic removal of malicious emails, threat blocking, and streamlining of the entire threat intelligence lifecycle.
Supersonic Incident Response: Abdi Ibrahim responded to phishing attacks 48.6 times faster and removed threats from inboxes within minutes.

Operational Results

Employees achieved a 97% success rate in identifying phishing attempts.
Initiated threat intelligence orchestration through their SOAR Platform and created automatic threat blocking.
Accessed an extensive network with a significant threat data pool and got daily threat intelligence, automating the entire threat intelligence lifecycle.
Streamlined incident reporting enabled swift and effective responses to threats.

Strategic Results

Prevented an annual potential financial loss of $1,385,520.
The initiative ensured legal compliance.
Implemented threat intelligence sharing within its trusted ecosystem.
Created automated processes for handling threat information, from receiving and improving the data to analyzing, sharing, and responding.

Experience the Power of Threat Sharing for FREE!

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