5 Reasons Why Companies Need Cyber Threat Intelligence
As any cybersecurity professional can attest: When it comes to preventing cyber threats, it’s not the sheer volume of data collected, but the quality and relevance of that data.
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That's where cyber threat intelligence (CTI) comes in.
However, CTI goes beyond mere data collection; it is a strategic approach aimed at providing actionable insights that enable organizations to anticipate, prepare for, and respond to cyber threats. By focusing on delivering these insights—from peers, public clearinghouses, and private collections—CTI empowers organizations to prioritize their defenses and respond swiftly to threats, thereby enhancing their overall cybersecurity posture.
The article covers what your organization needs to know about CTI and how you can establish an effective program to better safeguard your network against the myriad of cyber threats it faces each day.
Cyber Threat Intelligence (CTI): What You Need to Know
Security professionals are constantly looking to other sources for insights into new threats to their network, turning to peers, industry groups, blogs, and alerts from security companies and groups. CTI includes this data, but amplifies it and adds mechanisms to help with the analysis and application of data related to potential or existing cyber threats.
Depending on an organization's use cases, CTI can encompass several types of intelligence, including:
- Strategic: High-level trends that offer a broad view of the cyber threat landscape.
- Tactical: Techniques and procedures employed by adversaries, providing insight into their methods.
- Operational: Campaigns and attack patterns that offer a closer look at how attacks are executed.
- Technical: Malware signatures, IP addresses, and other technical details that aid in identifying and mitigating threats.
CTI draws upon an array of sources, including open-source and private threat intelligence feeds, dark web monitoring, social media analysis, and reports from cybersecurity researchers and law enforcement agencies.
5 Reasons Why Your Company Needs Cyber Threat Intelligence
This diversity of sources ensures that CTI can provide a well-rounded perspective on existing, evolving, and potentially imminent cyber threats, allowing teams to form more specific and effective responses. This can be used to:
1. Prevent financial and reputational losses.
By reducing the risk of data breaches and cyberattacks, CTI can help protect a company's financial health and reputation. The cost of cyber incidents can be substantial, affecting both current finances and long-term trust and credibility among customers and stakeholders.
2. Prioritize security efforts.
With limited resources, security teams need to focus their efforts where they will have the most significant impact. CTI enables organizations to identify and prioritize threats based on their potential risk, ensuring that resources are allocated efficiently.
3. Improve threat awareness.
Access to CTI enhances an organization's awareness of emerging threats, contributing to a stronger overall security posture. By staying informed about new and evolving threats, companies can take proactive measures to protect themselves.
4. Ensure faster threat detection and response.
CTI helps improve detection and response times to activate threats, minimizing the potential damage caused by cyberattacks. Taking it one step further, advanced technologies like Cipher's xMDR leverage AI and analytics to provide comprehensive visibility into network activities, enabling swift action against cyber threats.
5. Increase collaboration.
CTI can foster a culture of proactive information sharing within and across organizations, promoting a collective effort toward thwarting cyber threats. By sharing insights and experiences, companies can work together to address common threats more effectively.
Bringing It All Together
There is certainly no lack of security tools that security teams can utilize.
However, nothing can be more valuable than real data that gives teams access to actionable insights, supports the prioritization of security efforts, enhances threats awareness, expedites response times, and encourage collaboration.
These broad benefits make CTI a vital component of any robust cybersecurity program, allowing organizations to safeguard their assets, maintain trust with their stakeholders, and face the evolving cyber threat landscape.
Want to explore how your organization can enhance its cybersecurity program with the industry's premier platform? It all begins with a personalized, complimentarty assessment from the Cipher team.