5 Steps to Threat Intelligence in Your Company

The goal of Threat Intelligence is to provide organizations with the information that they need to identify, understand, and respond to potential security threats. Threat Intelligence is often used to support activities such as threat hunting and incident response and can help organizations to prioritize their security efforts and allocate resources more effectively. UnlikeThreat Hunting or Incident Response, Threat Intelligence is focused on gathering or processing information that is used to identify and understand potential security threats. This can include information about the tactics, techniques, and procedures that are used by attackers, as well as details about specific threats and vulnerabilities within the company. Threat Intelligence can come from a variety of sources, including open-source intelligence, vendor and industry reports, and information from security partners and law enforcement agencies. Threat Intelligence is often an afterthought or even overlooked in many organizations. However, there are very strong arguments for why you should make it a priority in your company. The key benefits of Threat Intelligence include:

Identifying Potential Threats Not all threats matter. But some really do. Threat Intelligence can help organizations identify potential security threats they may not be aware of. This can include information about new and emerging threats, as well as details about specific vulnerabilities that may affect the organization. Some threats are more important or of particular interest to the company, either because it is being targeted or it fits the criteria for that specific threat. Threat Intelligence can provide valuable insights and information about the types of threats that an organization is facing, as well as the tactics, techniques, and procedures that are being used by attackers.

Prioritizing Security Efforts Threat Intelligence can help organizations to prioritize their security efforts and allocate resources more effectively. By focusing on the most significant and imminent threats, an organization can maximize the impact of its security efforts and minimize the risks it faces. Also, knowledge of the types of threats they are most likely to face, organizations can focus their efforts on the areas where they are most at risk and take steps to reduce their exposure to these threats. By providing actionable information about the threats that an organization is most likely to face, Threat Intelligence can help organizations identify potential vulnerabilities and take steps to mitigate those vulnerabilities.

Responding to Incidents More Efficiently Threat Intelligence can also help organizations to respond more effectively to security incidents or breaches. By providing detailed information about specific threats and vulnerabilities, threat intelligence can help organizations to identify the cause of an incident and take appropriate action to contain and mitigate the damage.

Improving Security Posture Overall, engaging in Threat Intelligence can help organizations improve their security posture and reduce their risk of being affected by security threats. By staying informed about potential threats and vulnerabilities, organizations can take steps to protect themselves and their customers to ensure their systems and networks are as secure as possible. Improved understanding of the risks it is facing will help an organization develop more effective security strategies and policies. Here are the 5 Key Steps to Implementing a Threat Intelligence Program in your organization:

1. Identify Threats and Company Alignment Identify the specific security threats that are most relevant to the organization based on its industry, location and other relevant factors. This will help you focus your efforts and ensure you are collecting the right type of data and that the program is well-aligned with the organization's goals and needs.

2. Develop a Plan Next, develop a sufficiently detailed plan for how you will implement the new process including how it will work, who will be responsible for implementing it, and how it will be measured and evaluated. Determine how to collect and analyze threat intelligence data, including setting up the appropriate tools and processes such as security software and protocols for collecting and storing data and any other resources that it will require.

3. Roles and Responsibilities Consider who will be responsible for ensuring that the process is consistent and ongoing. You may want to create a team or department within the organization, depending on the size of your organization, to manage the Threat Intelligence Program, including hiring and training the appropriate personnel, and establish clear lines of communication and collaboration between that team and other departments within your organization. Ensure there is sufficient training and support so staff or employees have the knowledge and skills they need to implement the new process effectively.

4. Establish Lines of Communication Communicate the plan for the new process to all relevant stakeholders, including employees, managers, and executives. This will help ensure everyone is aware of the new process and understands their role in implementing it. Establish clear lines of communication and collaboration between the threat intelligence team and other departments within the organization, such as the IT department and the security team.

5. Review and Update Implement the new process and monitor its performance to ensure that it is meeting the desired outcomes. Regularly review and update the organization's Threat Intelligence Program to ensure it remains effective and aligned with the organization's evolving security needs. Evaluate it to identify areas for improvement and make any necessary adjustments. This will help ensure that the new process remains effective and continues to support the organization's goals. In summary, Threat Intelligence helps organizations anticipate, identify, and defend against security threats. It is a key element that will strengthen the company's security posture and reduce the overall risk to their operations. In turn, it helps to prevent costly security breaches and protect sensitive information. Stig Ravdal is the President & Founder of Ravdal, Inc., a leading cybersecurity strategy and solutions company. He is widely considered an expert in the field and is available for speaking engagements. Continuous Penetration Testing is one of the most effective ways to safeguard your systems and data. Click here to learn more about Continuous Pen Testing or to schedule a call now.