cyber threat intelligence
21
Feb

3 Ways to measure the effectiveness of Cyber Threat Intelligence

cyber threat intelligence

What is Cyber Threat Intelligence? 

Cyber threat intelligence is data collected, analyzed, and passed to cybersecurity analysts to warn organizations of potential attacks that must be avoided. 

Threat intelligence can identify and analyze cyber threats aimed at your business. The keyword is “analyze.” Threat intelligence is about sifting through piles of data. It’s examining it contextually to spot real problems, and deploying solutions specific to the problem found.Kaspersky

Cyber Threat Intelligence in Reality 

Cyber threats are becoming more sophisticated and innovative, often bypassing multiple detection controls that are set by even the most mature and strong cybersecurity defense programs. 

Digital transformation has effectively infiltrated enterprises, and this has led to an increase in the threat landscape. It is now evident that organizations must incorporate cyber threat intelligence to build a strong defense posture. 

Why metrics matter 

There comes a time in every organization where management will question – “how much as we spending? Is there any real return of investment?” 

Measuring performance is essential in any organization with any team. It not only helps management keep track of expenditure versus ROI but also helps individuals show tangible proof when it comes to management discussions on positions, asset allocation, and manpower planning. 

In short, they are a must for success. 

How to measure the effectiveness of Cyber Threat Intelligence activities 

When it comes to measuring the effectiveness of cyber intelligence, knowing what to measure and how to measure makes all the difference. Many indicators do not always mean that you are measuring actual effectiveness. 

Here are a couple of things to consider: 

  • Incidents avoided using intelligence-based controls, measures, and mitigation techniques. 
  • Percentile decrease in incidents over the past period versus the previous period. 

Keep in mind that the goal is to check how cyber threat intelligence effects final results and decision-making processes. 

Still confused? Here’s an example: 

Scenario: The cyber threat intelligence unit has gathered intel on a potential threat and provides the right department of the same, along with controls, measures, and a mitigation plan. 

Measurement: What impact did this have? Did it really contribute to preventing the incident from arising? 

How to measure: 

In this particular incident, the data provided will determine how the breach occurred (from external sources) and using this data, will craft a mitigation plan. Using this data, management can introduce certain policies or make an informed decision to make changes in the current security strategy. 

In this scenario, it is important to note if the criticality of the incident. Was the incident on the brink of occurrence or was it averted even before any event arising in the organization? 

How to ensure better ROI from Cyber Threat Intelligence Program 

Ensuring ROI can be tricky if you do not possess the skills needed. To upskill and ensure ROI it is recommended that you are trained and certified. The Cyber Threat Intelligence Analyst (CTIA) program by EC-Council is designed and developed in collaboration with cybersecurity and threat intelligence experts from around the world 

The program is method-driven, covering concepts from planning to preparing a report to disseminate threat intelligence. By the end of the Cyber Threat Intelligence training will be able to drive a threat intelligence program based on evidential knowledge and also recommend actionable advice on existing and unknown threats. 

Faqs

Who needs Cyber Threat Intelligence?
Any sector dealing with sensitive data can benefit from having a threat intelligence program. Security is not a vertical market issue, and it implies to all levels. Different industries like healthcare, media, energy, entertainment, etc. are affected by cyberattacks, and hence, they are in dire need of threat intelligence.

Read more: Can cyberthreat intelligence benefit everyone?

What challenges do cyber intelligence analysts face?
Here are some common challenges that can lead to the downfall of CTI:

  • Misunderstanding business value
  • The wrong feed
  • Wrong focus on the feeds
  • Drowning the data
  • Inability to operationalize the data

Read more: 5 Reasons why your threat intelligence strategy will fail and how you can salvage it

How to prepare for the CTIA exam?

Five tips to help you through the CTIA exam:

  • Create a list of topics to study
  • Schedule your time
  • Apply for your exam well in advance
  • Take a look at free resources
  • Stay focused and alert during the exam

Read more: How to prepare for the Certified Threat Intelligence Analyst (CTIA) exam 

What is threat intelligence?

Threat intelligence is evidence-based knowledge — including context, mechanisms, indicators, implications and actionable advice — about an existing or emerging menace or hazard to IT or information assets.

Read more: Can cyberthreat intelligence benefit everyone?

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