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What are the Major Advantages of Cyber Threat Intelligence?

Enterprise Security Magazine | Thursday, May 12, 2022

Cyberattacks are expected to become more common in the foreseeable future, which is why businesses should consider implementing a cyber threat intelligence system to monitor and detect potential threats.

Fremont, CA: There isn't a single firm these days that does not rely on the internet for some aspect of its operations. Delivering goods, promoting, placing orders, and engaging with clients are all accomplished through the usage of the internet. In response to this increased reliance on the internet, cyber attackers have gained an additional motive to target enterprises, resulting in them receiving a substantial reward. Using sophisticated techniques, malicious actors steal information, conduct data breaches, and lock entire company systems, with a considerable ransom requested in exchange for restoring the database. This is why it is becoming increasingly important to invest in a cyber threat intelligence system on a daily basis.

Major advantages of cyber threat intelligence:

Cost-effectiveness

Contrary to popular belief, CTI is a cost-effective technology that will help your business save millions of dollars in costs throughout its lifetime. According to the Ponemon Institute, on average, a data breach results in a $8 million loss to the organization as a result of lawsuits, fines, and costs, as well as a fall in sales as a result of the loss of reliability. It is possible that CTI will prevent your firm from incurring such high expenditures as a result of its assistance in developing a plan of action to avoid and mitigate the harm caused by assaults.

Enhanced efficiency of security teams

Information about prospective risks to a company is gathered through Cyber Threat Intelligence. This information is used to identify which threats require immediate attention and to assist the security team in preparing for these attacks. By recognizing dangers, the system will help the team to work more efficiently, allowing them to devote more time and resources to the most serious security issues. The only thing the security team will have to do is make sure there are no false positives, and the system will take care of the rest.

Data breach prevention

CTI helps to avoid data breaches in organizations by performing a thorough search for any suspicious links, domains, or IP addresses that are attempting to access your organization's network. If the IP address is determined to be a forgery, the CTI system will block it from entering your network, preventing any data from being compromised.