6 Benefits of Cyber Threat Intelligence

In today’s digital world every business is connected to the internet. They rely heavily on technology for delivering their services. But, attackers are using complex attacks for stealing enterprise data. They can even steal money from our bank accounts. Data breaches are becoming more common. According to a report by Ponemon Institute, the cost of an average data breach is $242 per record. On average, companies lose more than $8 million in every data breach. Attackers are also using ransomware attacks for locking enterprise systems. You need to pay a hefty amount of ransom for unlocking your system. These types of attacks and data breaches will only increase with time. You can protect your enterprise by hiring a cyber threat intelligence team.

What is Cyber Threat Intelligence?

Cyber Threat Intelligence or Threat Intelligence helps enterprises in collecting data about both current and potential cyber-attacks. It will help you in determining the cyber-attacks that can threaten the security of your IT assets or organization. It is a security measure that will protect your company from security or data breaches.

Cyber Threat Intelligence’s main aim is to help organizations in finding potential vulnerabilities. This will help them in building defense frameworks and strategies. CTI will also help you in reducing the potential attack surface area. It will provide you a deeper understanding of what is happening in your network. Thus, your enterprise will have better visibility of the threats that can attack your IT infrastructure.

CTI is very important for effective defense against attackers. It will gather information about existing and new cyber threats from various sources. CTI team will then analyze this data for producing accurate reports. They will remove all the false positives from the report. This report can be used by your security team and automatic security solutions for making accurate security decisions. The main aim of CTI is to keep enterprises informed about the latest threats, zero-day threats, and exploits. Thus, hackers can’t use the latest vulnerabilities for hacking into your enterprise attacker.

6 Benefits of Cyber Threat Intelligence

1. Cost-Effective

CTI will help you in lowering down your overall expense. According to a report by Ponemon Institute, the average cost of a data breach is $8 million. If your response to the data breach is slow, then you can end up losing more money. You need to deal with many things like lawsuit fees, fines, and post-incident restoration costs. Equifax lost more than $600 million in 2017 due to data breach. Cyber Threat Intelligence can save your company from such data breaches. Thus, they will help you in cutting down business expenses. CTI teams are ready with proper defense strategies. They will identify the data breach and mitigate them quickly. According to a report by Threatconnect, organizations have saved over $4.5 million in the last 6 months.

2. Improve the efficiency of your security team

CTI will help your security team in identifying new security threats. All your security team needs to do is check if it is a false positive or an actual threat. Cyber Threat Intelligence will help your team in understanding what threats they need to address. This will improve the response rate of your time. They can focus on actual security threats. Thus, the efficiency of your security team will automatically improve. It will help you in minimizing the workload of your team.

3. Lowering Risks

Cyber Threat Intelligence will protect your enterprise from cybercriminals. Hackers are continuously looking for new vulnerabilities for penetrating into enterprise networks. CTI will provide you proper visibility. It will help you in identifying new vulnerabilities. Thus, this will reduce the risk of data loss. It will also block or minimize disruption in your day to day operations.

4. Avoid data breach

A CTI system will help you in avoiding data breaches. It will check all the suspicious domains or IP addresses that are trying to communicate with your system. If the IP address is suspicious, then CTI system will block it from your network. Thus, a CTI System will help you in blocking or preventing such IP addressing from stealing your data. If you are not using CTI system, then hackers can easily flood your network with fake traffic. They can easily do a DDoS or denial of service attack which can cause extreme damage to your company.

5. Collaborative Knowledge

Cyber Threat intelligence shares crucial cybersecurity practices and information with your organization. According to a survey by Threatconnect, more than 66% of security experts with cyber threat intelligence programs look to the government for data or information on new cyber threats. It is difficult to keep up with new vulnerabilities and zero-day threats. Thus, organizations share their vulnerabilities and tactics with other companies. Organizations are helping each other for defending themselves against cyber attacks.

6. In-depth cyber threat Analysis

CTI will provide you with an in-depth analysis of every cyber threat. Thus, a CTI system will help your enterprise in analyzing the different techniques that cybercriminals can use. If your security defense system can’t protect your network, then you can improve the security of your network. It will also help you in protecting your system from new vulnerabilities.

Conclusion

Cyber Threat Intelligence has become very important in 2019. Hackers are using complex attacks for stealing enterprise data. CTI will help you in protecting your network from hacking attacks. It will also help you in minimizing the costs required for maintaining your network security. Your security team will have more knowledge about the threats that actually matters. This will reduce the workload of your security team. You can either implement your own solution or use cyber threat intelligence feed. If you want more information about CTI, then you can contact Bleuwire.

Contact us today to learn about Bleuwire™  services and solutions in how we can help your business.