There’s so much you can do with the Internet—the good and the bad. Cybercrime is so ruthless that experts predict it will incur $6 trillion worth of damages by 2021. It is the largest threat to every company, and one of the toughest challenges of mankind, created by mankind, for mankind.
The evidence itself is in the numbers. Do you think nothing could be worse than drug trade, terrorism or human trafficking? According to Cisco, cybercrime will be more profitable than the biggest illegal drug trades in the world combined. Give it a few more years, and even the most savage syndicates will turn to cybercrime to strengthen their networks—if they haven’t already. Cybercriminals are always two steps ahead—who knows what they’re cooking now?
As a key person in an organization, you have the corporate responsibility to prioritize safety and security—of the employees, finances, and data down to the last detail. You do this through security intelligence, a smart approach to protect your organization from all threats possible.
What is security intelligence?
Security intelligence is the real-time collection, analysis, evaluation and response of data generated from an organization through users, software and IT infrastructure.
By intelligence, we mean information that holds relevant value to your organization. The ultimate goal of security intelligence is to give significant insight to identify, prevent or reduce threats regardless of the size of the organization.
You don’t just collect information in retrospect; you have to know what is going on right now in all nooks and crannies of your network. Then you gather data from every source within your network, so you can compare and see patterns. With analytics, you can perform behavioral profiling and determine false positives. As soon as you have the right intelligence, you present your findings in a concise approach to the top-level management of your organization.
In simple terms, the information provided by security intelligence is laid in front of you. You may not know it, but there may already be a breach of security as you speak—and you’ll never spot it without proper correlation and analysis of data.
How is security intelligence applied?
You’ve heard it many times, but what exactly does security intelligence do? What is it good for? How is it so beneficial?
Here a few ways on how you can apply security intelligence to your business:
● Monitoring accounts
What are the odds of having a rogue employee? Even with pre-employment screening, an insider can be a threat. Security intelligence tracks the routine events of your users. It can look into activities and access permissions and alert you for any unusual behavior.
● Detecting fraud
Your company’s customer service department is the highest risk vector for fraud. How many users comprise the call center? Imagine all of them having access to clients’ accounts, credit card details, and personal information. This is a serious security risk, but not all internal network monitoring systems can look into this specific network in real-time. Security intelligence, in comparison, can dive deep into this area and detect unusual activity suggestive of fraud.
● Recovering compromised accounts
You want to prevent unauthorized access to your network at all times. However, the access itself is not preventable as the attacker enters all valid credentials of the original user. Security intelligence only detects the infiltration through changes in the routine events of the user’s login after the successful access. This will instantly alert your team so you can take immediate action.
How is security intelligence flexible?
Do you own a small business? Do you run a social enterprise? Security intelligence is not exclusive for business giants with a lot of resources, big budgets, and employees. Once you’re in business, there’s always competition.
With your competitors in the background, what can put your business at risk? Complacency.
And complacency opens the doors for security threats to break your defenses. Without security intelligence, you won’t even know there’s a breach going on already.
Open source intelligence and competitive intelligence are both beneficial for strategy-building and decision-making, but you still need security intelligence to protect your company from cybercrime. So whether you belong to a small or large-scale company, security intelligence is helpful.
There is no universal platform used for security intelligence; it’s not a one-size-fits-all approach. It’s a complex process and the approach done by one organization may not be effective for your own. The good thing is that security intelligence is flexible, and there is room for configuration. You can modify it according to your company’s risk posture and weaknesses. Utilizing the right approach identifies both internal and external threat data and transforms them into threat intelligence, forming the basis for making security decisions.
How does security intelligence provide insight?
Not all companies have their own analysts to perform security intelligence. In many organizations, third-party providers comprising of security intelligence experts trained in IT security do the service. In both cases, what matters is the accuracy of the results from which you derive insight.
Collecting the right information—sifting the relevant data from the less significant ones—is crucial in security intelligence. Do you know how much data you hold in your organization? You’ll be surprised how much big data you have stored in your networks. How do you deal with the overload? Security intelligence can help you make sense of the big data. A comprehensive insight will let you look at the big picture and guide you to make the right security decisions.
There is a need to add layers of defense to your organization’s network. This reflects on how you secure your assets, including business data, IT infrastructure and intellectual property. In turn, your ability to secure all these will reflect your organization’s reputation.
Security intelligence is more defensive than it is offensive. Fortunately, this approach is within reach to any organization who takes security seriously. This matters because as you innovate, threats become more sophisticated. As you read, enemies may be breaching your organization’s defense layers right now—utilizing complex measures to infiltrate your network in ways you have never imagined.
Can you stop them?