Threat Intelligence: Important Elements and How It Works

Threat Intelligence: Important Elements and How It Works

The digital age brings challenges in the form of increasingly complex and dynamic cyber threats. So far, many companies have implemented perimeter-based security strategies to protect their digital assets, ranging from network access control with data encryption, strong firewalls, implementing VPNs, and security management.

Over time, changing work patterns and technological advancements have created new challenges that have led to the concept of threat intelligence. In a nutshell, threat intelligence is an approach capable of addressing cybersecurity challenges as a whole.

This article will dive deeper into what threat intelligence is, its importance to your organization, how it works, and its essential elements.

Definition

Threat intelligence refers to a concept that has emerged as a proactive strategy to counter cyberattacks. It is not just a collection of data, but a structured approach to collecting, analyzing, and interpreting information related to cyber threats. Simply put, threat intelligence makes it possible to make informed, quick, and data-driven security decisions and make businesses more active in combating these attacks.

The concept encompasses any form of information that can help an organization understand potential threats, including the mechanism of the attack, how to identify an attack, the impact of the attack on the business, and suggested actions to protect against the attack. In a broader scope, threat intelligence allows organizations to stay on top of cybercriminal tactics, as well as identify and anticipate attacks before they harm your business.

Why Is It Important?

Amid increasing technology dependency that raises the risk of cyberattacks, the importance of threat intelligence to an organization is undeniable. It serves as the foundation for understanding and dealing with cyber threats. It also has the potential to improve security controls at various levels of an organization, including network security.

Threat intelligence can create data-driven decisions. The available information and data available can form the basis for smarter and more targeted decision-making. This technology can help IT teams understand the motives, targets, and behavior patterns of cyberattack threats. This information also includes the plans, techniques, and procedures used.

Not only that, but threat intelligence can also provide a comprehensive picture that allows organizations to make proactive decisions. Therefore, it is no wonder that it is not only a defensive tool but also a competitive force in ensuring the security of an organization’s systems and data.

Therefore, a company should have a cyber threat intelligence analyst or IT security team tasked with utilizing their skills and knowledge to tackle the problem of cyber attacks. They should also be able to analyze the threat as well as formulate the necessary information and steps. As a preventive measure, they must also be able to protect the organization before cybercrime strikes.

Read also: 11 Common Cybercrime Examples in Indonesia

How it Works

The way threat intelligence works involves preparation, data collection, data processing, analysis, data distribution, and stakeholder feedback. It works based on the information gathered to identify, assess, prioritize, and counter cybercrime threats.

The workings of threat intelligence start with preparation, where the team identifies cyber actors, vulnerable parts, and steps to take to protect the organization. After that, the team starts gathering information from various sources such as online activity records, cyber forums, and specialists in related industries. The collected data is then processed to be converted into a format suitable for analysis, including an assessment of the validity and relevance of the information.

The analysis process is then used to generate recommendations that can be implemented. These results were distributed to stakeholders using simpler and easier-to-understand language. Afterward, the team incorporates feedback from stakeholders to provide information where adjustments are required. These steps conclude the process by producing the right security decisions.

Elements

To successfully deal with cyber threats, your organization needs to have a deep understanding and integrate four elements in threat intelligence management. Quoted from Microsoft‘s website, here are the 4 key elements of the concept.

1. Comprehensive Data Presentation

The importance of comprehensive data presentation in threat intelligence cannot be understated. With a comprehensive overview of cyber threats that includes data from various credible sources, the overview allows organizations to make more targeted decisions based on valid data.

The information gathered from threat data feeds provides a broad overview of the global threat landscape. This allows organizations to design more effective security strategies.

Read also: Understanding Data Leaks, Types, Causes, and Impacts

2. Risk Priority Determination

Cyber threat intelligence systems play an instrumental role in improving risk analysis and automation of risk prioritization. Through better data presentation, threat intelligence helps in improving clarity on the factors and outcomes required to assess cyber threats. Risk prioritization as an important element of threat intelligence management is also further enhanced by advanced data analytics integrated into the system.

The use of advanced analytics tools allows organizations to automate the risk prioritization process so that IT security teams can focus more on threats with the highest impact and probability. Thus, the efficiency of response to the most significant risks can be improved, providing better protection against potential attacks.

3. Platform Usage for Indicators of Compromise (IOCs)

Utilizing a dedicated platform for indicators of compromise (IOCs) helps organizations to proactively detect threats. IOCs refer to an approach to pinpoint the techniques, tactics, and procedures used by cybercriminals. Understanding these indicators can help IT security teams identify the initial path, the methods used, and the level of damage caused to the organization.

Integrated monitoring tools can identify common signs of attack and enable a quick response to potential security leaks. For these reasons, the integration of IOCs has become an integral part of a modern cybersecurity strategy.

4. Fast and Effective Response

The final element is the ability to respond quickly and effectively to identified threats. Automated alerts play an important role in notifying security teams of potential attacks. Through these automated notifications, the team can immediately take the necessary steps to address and mitigate security risks.

Therefore, the importance of threat intelligence that can address cyberattacks cannot be ignored. Collaborating with the best IT solution service partner like AdIns can be a wise step to minimize the negative impact of cybercriminal attacks by using AdIns’ Virtual IT Department services.

Not only that, but you can also improve business process efficiency with a DMS (Document Management System) application that uses record management with extra protection through the use of watermarks and encrypted files, thus ensuring the security of every document you store. In addition, the content management feature with metadata makes it easy to search for specific documents so you can access information quickly and efficiently.

Get easy access to documents anywhere and anytime through direct links on web browsers and contact AdIns here to enjoy the best service for your company’s operational efficiency!

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Author :

Ad-Ins

Published date :

06 February 2024