Five reasons why threat intelligence should matter to your company
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No matter the size, industry or location, every business shares certain core objectives. These include growing revenue, reducing risk, lowering expenses, increasing customer and employee satisfaction, adhering to compliance regulations, and so on.
Often it seems that focusing on information security will negatively impact many of these objectives. After all, security solutions are an added cost and take time to implement. The areas where it does naturally align, such as reducing business risk and compliance regulations, are not as appealing as increasing revenue.
So why should businesses care about information security? As it turns out, threat intelligence can strategically guide and ensure the success of those objectives. But what is threat intelligence? The short answer is that it is curated information intended to inform you and help you make better decisions about how to stop bad things from happening to you. In this article, we’ll highlight a few key areas where threat intelligence can have a positive impact on your business objectives.
Adversaries, or anyone with the intention and capability to do harm, are constantly discovering new ways to infiltrate organisations’ networks. Threat intelligence provides visibility into these existing and emerging security hazards. By acquiring this knowledge and applying it to your environment, you can reduce the risk of data loss, prevent or minimise disruption to business operations, and increase regulatory compliance.
Preventing financial loss
Not only do security breaches cost your organisation in post-incident remediation and restoration, they can also include fines, investigations, and lawsuits that frequently run to millions of dollars. Every time you use threat intelligence to make timely, informed decisions, you are preventing system downtime, thwarting the theft of confidential data, protecting your intellectual property, and saving your organisation’s reputation and customers.
Maximising staffing efficiency
Threat intelligence makes the security team you currently have vastly more efficient and less prone to burnout from alert fatigue. Manually validating and correlating threat intelligence is time consuming and resource intensive, so leveraging platforms designed to automatically generate and integrate this intelligence into your organisation’s infrastructure can lower your security response times and allow your staffing to focus their attention on other important needs.
Investing wisely in your infrastructure
When you know what threats are most pressing to your business, you can properly allocate more investment in your infrastructure to address these important issues. Aligning internal intelligence, in the form of vulnerability and patch management, with external intelligence is a great first step towards prioritisation of resources.
Threat intelligence can ultimately lower your expenses. An improved defensive posture informed by threat intelligence helps mitigate your organisation’s risk, lowers your response times and maximises your security investment allocations. With resources focused on the important issues, your business can realise increased savings in both financial and human capital.
Investing in threat intelligence is becoming a necessity for businesses. The drawbacks of its extra cost are outweighed by its significant benefits to the success of your business operations in both the short term (proper capital allocation, more efficient staffing, regulatory compliance, and so on), and the long-term (such as reduced risk, or financial loss prevention).
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