What is Cyber Threat Intelligence (CTI)?
Cyber Threat Intelligence (CTI) produces real-time alerts to attacks being planned against an organization, increasing its TTM (time to mitigate). With the valuable information provided concerning the attack, organizations can prepare an effective response, mitigate the consequences of the attack, or foil it entirely.
CTI is becoming an increasingly critical component of an organization’s cybersecurity program. CTI provides actionable information that organizations can use to enhance their level of security and protect themselves from cyberattacks with potentially disastrous consequences.
Many benefits can be gained from incorporating a CTI system into your cybersecurity program.
Key benefits include:
– Improved threat detection: CTI helps organizations detect cyberattacks waged against them.
– Enhanced incident response: CTI provides valuable information, enabling targeted organizations to prepare and implement effective countermeasures.
Cyber threat intelligence is an important tool that supports organizations in improving their cybersecurity posture. If you have not yet incorporated CTI into your cyber defense, now is the time to do so! Cyber threats are constantly evolving, becoming more frequent and dangerous. CTI provides you with the real-time threat information you need to stay one step ahead of potential adversaries.
How relevant is Cyber Threat Intelligence in 2022?
Cyber Threat Intelligence is critical in every cybersecurity program in 2022 and the foreseeable future. As the threat landscape becomes complex and the consequences of threats that materialize as successful attacks become more devastating, cyber threat intelligence is more important than ever.
CTI saves your organization from incurring high costs
The primary reason for adopting cyber threat intelligence is to avoid the potentially disastrous cost of an attack to the targeted organization. This cost is not only financial – in terms of direct losses as well as indirect, such as when IT systems – hardware and software – must be replaced. They extend beyond, to include disruption to the organization’s smooth operation, which can sometimes be life-threatening – for example, in the healthcare industry. The loss of sensitive and personal information can be devastating on both the organizational and individual levels. It can lead to further attacks using the stolen data (ransomware attacks, penetration of other systems using stolen credentials). Finally, losing reputation and customer trust may be extremely difficult, if not impossible, to rebuild.
A recent study by Juniper Research found that the average cost of a cyber attack will reach $4 million by the end of 2022, up from $2.7 million in 2018. This increase is due to the growing sophistication and number of cyberattacks.
Organizations with a Cyber Threat Intelligence program are better equipped to handle cyber attacks and are more likely to recover quickly. CTI can help organizations detect attacks early, saving them much money in the long run.
CTI identifies potential threats faced by your organization
There are many potential threats to an organization in cyberspace. The common risks include Trojans, phishing attacks, and Denial of Service (DoS) attacks.
The threats can originate internally – as in the case of a disgruntled employee, or externally – hackers operating individually or as part of a group. While various means can be implemented to protect an organization from them, 100% success cannot be guaranteed; coming as close as possible is the goal. One way of doing so is relying on Cyber Threat Intelligence practices and services.
It helps you stay ahead of the competition
Cyberattacks can result in significant harm to your business due to reduced competitiveness. When your system is breached, you risk the leakage or theft of sensitive information about products under development, marketing plans, and customers. If this valuable information is sold to a competitor, you risk losing current and future business and sustaining severe financial harm.
Loss of productivity due to disruption or shutdown of a business’s operation during an attack may be compounded by the loss of time needed to bounce back from it, recover lost data, and install new systems.
The leakage of sensitive data can have indirect effects in the form of harm to reputation and loss of customers – which can be extremely hard to rebuild, perhaps even impossible.
These cyber security issues can significantly impact a business’s bottom line. Cyber Threat Intelligence helps organizations avoid or reduce the extent of harm from cyberattacks and maintain their competitive edge.
Prevent data breaches in your organization
A data breach is a security incident in which information is accessed without authorization. Data breaches can be internal or external, occurring through various means, including hacking, phishing, and social engineering. Their consequences can be catastrophic to an organization, from multiple perspectives.
When sensitive data is accessed without authorization, it can be used to commit identity theft, fraud, or other crimes. Data breaches can also damage an organization’s reputation and lead to the loss of customers and revenue. They can even result in legal action against the organization, for failing to protect sensitive data properly. Failure to comply with privacy regulations, such as GDPR, and potential fines arising from this failure, must also be considered.
Data breaches are becoming increasingly common as more and more businesses store sensitive information electronically. To protect themselves, organizations must assimilate strong security measures into their systems.
Cyber threat intelligence (CTI) is critical to preventing data breaches in any organization. CTI helps organizations identify threats and risks and take the necessary steps to keep their data safe.
How can ACID help you with in-depth cyber threat detection?
ACID’s comprehensive cyber threat detection services provide advanced warnings of impending attacks. ACID monitors multiple sources 24/7/365, using keywords specific to your organization. Upon detecting the first hint of a threat, it alerts you in real-time, providing all the available information. Additional details revealed through continued monitoring are provided immediately, enabling you to respond accordingly. The constantly updated information allows you to ensure that the measures you implement to counter the threat are as effective as possible for the specific hazard.
ACID is a Cyber Threat Intelligence company that provides organizations with the information they need to stay one step ahead of cybercriminals targeting them.
Contact ACID today to enhance your level of security!