Making the Case for a Threat Intelligence Platform

Cyber Risks

As the cyber threat landscape becomes rapidly more complex, the risk of breaches increases. The potential for severe financial loss, reputational damage, and non-compliance with regulations drive companies to invest in threat intelligence platforms.

Threat Intelligence Platforms 

Threat intelligence platforms (TIP) are critical security tools that use global intelligence data to help proactively identify, mitigate and remediate security risks. A TIP pulls together key cyber threat defense functions, creating a holistic threat intelligence system. Some of the key benefits are operationalizing data gathering, processing data into intelligence, integrating information from various sources, streamlining the intelligence cycle, and better navigate the threat landscape.

While this tool has obvious advantages to security professionals, making the business case to invest in a TIP can be a challenge.

Making the Business Case for a TIP

Speaking in a Language Management Understands

The case needs to be made from management's perspective to justify the investment in a TIP. Start with mapping security objectives with management objectives, understanding the business risks that concern them vs. cyber threats in general, and quantifying the return on investment.

Interviewing the heads of key intelligence stakeholders throughout the organization is a good way of gaining the insight needed to understand the business and how it is affected by cybersecurity. This communication can also create the trust that the security teams are working for them and their goals. 

Communication style is also essential. Security terms that are part of the everyday vocabulary of SOC analysts and threat intelligence teams may not be readily understandable by those in other functional areas. More technical language should be translated into basic concepts, and information sh ..

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