As Sun Tzu said, “If you know your enemy and know yourself, you need not fear the results of a hundred battles.” He said it in the 5th century but it perfectly applies to cybersecurity in 2023. Businesses, both small and large, are facing cyber attacks from left and right. Both cybersecurity professionals and practitioners need to shore up to prevent high-level cyber attacks and this is where the advantages of cyber threat intelligence come in.
A lot of companies that sell cybersecurity are using cyber threat intelligence due to its numerous benefits. Not only does it help detect existing threats, but threat intelligence also helps to predict future threats' nature and sources and empowers organizations to implement risk management policies.
Cyber Threat Intelligence refers to a dynamic technology that leverages large-scale data from current and potential threats and uses it to block cyber-attacks proactively. It involves the data that has been collected, evaluated, and analyzed through structured and rigorous techniques to understand the nature and patterns of cyber attacks. The data can be gathered from a variety of sources, including open-source information, technical analysis of malware, and input from security experts and industry organizations.
Cyber threat intelligence is not a single-step process but consists of five to six steps to turn raw data into intelligence.
1. Planning & Direction
In the beginning, CISOs or other security officers set up objectives for cyber threat intelligence programs. They prioritize the business processes and sensitive data that need to be protected.
2. Data Collection
Data is collected from various sources including in-house threat intelligence, vertical communities, dark-web intelligence, open-source feeds, etc.
The raw data is processed into a specific format.
Professionals perform a detailed analysis of the data, identify patterns and make data protection strategies.
After complete analysis, the data is disseminated to the executives of the company.
Businesses of all types, whether they are involved in cybersecurity or not, are facing security challenges. It seems like a never-ending battle as hackers come up with new techniques to breach networks and steal sensitive data. Most businesses don’t have enough time and resources to sift through a mountain of data to find anomalies and false alarms.
The main goal of Cyber Threat Intelligence is to help enterprises be proactive and predictive to detect all the potential vulnerabilities in IT infrastructures. It helps cybersecurity professionals and businesses to understand which types of vulnerabilities can act as entry points for cybercriminals so they can build defense frameworks and strategies accordingly. Thus, your organization will have better visibility of the cyber attacks that may attack their IT systems.
1. Provides Operational Intelligence
Operational Intelligence or technical Cyber Intelligence provides highly-focused and technical intelligence to give time warnings and provides support and guidance to respond to specific cyber incidents.
CTI assesses specific and potential cyber incidents happening around to form an overall picture of the intent and capabilities of malicious cyber attacks. It helps identify trends, emerging threats, and attacking patterns to provide policymakers with important information including the malicious actors, tools, and sources so they can develop a timely secure mechanism.
Cyber threat intelligence might sound like a huge investment but it’s cost-effective and will save your enterprise from huge financial losses. A small data breach can cost your business $8 million along with lawsuits, fees, penalties, and a massive decline in sales due to a loss of trust among customers.
Cyber threat intelligence can save you from such heavy costs, both in terms of monetary and reputation, and help you develop a plan of action to prevent cyber attacks.
3. Improves Performance of Your Defense Team
Cyber threat intelligence makes your defense team incredibly more efficient and saves them from alert fatigue and burnout. Monitoring and correlating cyber attacks can be resource-intensive and time-consuming.
The latest CTI technology uses artificial intelligence and security information to collect and correlate important data and help security teams to identify threats immediately. By integrating such intelligence into your IT infrastructures, your security teams will be able to cut down on false positives and focus on what really matters.
4. Investing In The Right IT Infrastructure
Cyber threat intelligence not only helps your defense team to monitor and detect the looming threat more efficiently but also ensures your infrastructure is advanced enough to address these attack vectors.
When your security team understands the cyber threat landscape, they will be able to identify the threats that might target your business. In this way, you will know which technologies you’ll need to invest in to protect your business. For that, executives and stakeholders of an organization must ensure consistent communication to discuss threats and align overall security objectives.
5. Collaborative Knowledge
The cyber threat intelligence process enables sharing of important practices and information about cybersecurity threats across the organization. By sharing the information, it keeps all the employees aware of the possible threats.
From top to bottom, cyber threat intelligence benefits each member of the security team including:
In this way, companies can also share tips and practices with their employees to ensure everyone is aware of the cybercriminals' patterns and everyone is on the same page against the threat actors.
In this digital age where organizations are facing cyber attacks from left, right and center, cyber threat intelligence has become a necessity. The countless benefits to the organizations from risk management, to regular compliance, staffing efficiency, and allocating capital in the right infrastructure make CTI a worthwhile investment. That’s why more and more businesses are investing in this technology.
If you’re a company that sells cybersecurity services, know that cybersecurity solutions are effective only when CTI empowers them. If you want to learn more about CISOs' demands for cybersecurity solutions, join Execweb today which is a cybersecurity executive network. Here you will find an opportunity to contact relevant CISOs, CIOs, and other security professionals through virtual roundtables and learn more about the latest cybersecurity trends.