What is Risk | Threat | Response?

According to a recent World Economic Forum (WEF) future series report, “the approach to cybersecurity needs to be overhauled before the industry finds itself in any fit state to tackle the threat.”

At ThreatConnect, we believe the only way to overcome the key business and operational challenges facing cybersecurity today is for organizations to adopt a revolutionary approach to cybersecurity that marries cyber risk quantification (CRQ), threat intelligence platform (TIP), and security orchestration, automation, and response (SOAR) capabilities into a complete decision support system. We call this the Risk | Threat | Response approach.

Solving Key Business & Operational Challenges

Assess & Communicate Financial Impact of Cyber Risks

Presenting cybersecurity risk to senior business leaders requires translation to bridge the gap in language and understanding. To do this, however, requires the Chief Information Security Officer (CISO) to ensure he or she understands their company and its business.

Most businesses don’t know what their exposure is to any given cyber event, including what the impact is in terms of response costs, lost revenue, and other secondary forms of loss such as fines and judgments. Until now, the result has been a lack of focus on the risks that matter most to the business and an inability to communicate an accurate risk posture to the C-Suite and board of directors.

The Rosetta Stone that translates the technical nature of security into the language of the business is here – cyber risk quantification. By quantifying cyber risk, Chief Information Security Officers have the ability to speak the language of business.

threat hunting, SOAR tools

Increasing Sophistication of Cyber Attacks & Threat Actors

Cyberthreat actors are developing more sophisticated tools, techniques, and procedures (TTP) which are outpacing standalone security solutions. Keeping pace with the adversary – and specifically with the adversary(ies) that matters to your particular organization – requires a focus on cyber threat intelligence. But to develop an effective cyber threat intelligence (CTI) program, you need to constantly harvest and process knowledge about threat actors, not just specific incidents that impact your network. Knowing the who, what, where, how, and when of the adversaries’ actions is the only way to decrease their chances of success. But the volume of intelligence is so massive that tracking and understanding adversarial actions can be overwhelming.

A Threat Intelligence Platform (TIP) is the only way to manage the flood of data.

By adding context and enriching our understanding of threats and vulnerabilities, a great CTI program helps inform an organization’s risk quantification platform and aligns the entire business to the threats that matter most based on primary (initial response) and secondary loss (the damage that comes to the business as a result of the breach) magnitude. Threat data also feeds your security orchestration, automation, and response (SOAR) platform — all of which should be accessible through a single dashboard.

Widening Cybersecurity Skills Gap

The shortage of skilled cybersecurity workers means millions of jobs continue to go unfilled and organizations are struggling to find employees with the right skill level. Compounding this problem is the fact that most businesses have dozens, if not hundreds, of security tools in use at any given time. Each of these tools creates its own logs and contributes to an environment ripe for security alert overload and inconsistent triage. Teams that are already too small, or where deep experience is lacking, are left virtually drowning in information overload.

This exponential increase of data and alerts means that quick decision-making and execution need to find a way to scale.

Security orchestration, automation, and response (SOAR) integrates different technologies and allows you to conduct defensive actions: it increases your effectiveness in stopping, containing, and preventing attacks. Integration is important since your teams are likely to have little patience for point solutions that are difficult to implement or get value from.

  • Collection and Analysis Hub
    • Threat intelligence
    • Security operations
    • Incident response data
  • ThreatConnect’s CALTM (Collective Analytics Layer)
  • Identify the most critical threats
  • Standardize processes and gain instant access to relevant threat intelligence
  • Improve the speed and accuracy of detection and response
Challenges
  • > 3 million cybersecurity workers needed
  • Dozens/hundreds of security tools
  • More alerts, event data than ever before
  • Job dissatisfaction / burnout
  • Drive Maturity
Solutions
  • Playbooks
  • Automated Processes
  • Structured workflows
  • Case management
  • Malware analysis
  • Phishing triage
  • Alert triage
  • Intel requirement development
  • Escalation procedures
  • Breach SOP
  • And much more!
  • Enhance detection with high confidence IOCs
  • Reduce false positives and focus on legitimate threats
  • Automate initial processes to free up analysts
  • Improve quality of service and support scalability with Playbook servers
  • The savings from automations can be seen through an ROI Calculator built into every Playbook.
  • Customizable values tell you, based on how many times any given Playbook has been run, how much your organization has saved to date by implementing an automated workflow.

Lack of Intelligence and Operational Information Sharing

While some organizations do not have a formally defined threat intelligence function on their team, the requirement to use what you know about the threat landscape to inform your operations exists in all organizations. Regardless of whether an explicitly named threat intelligence analyst employee is on staff, the relationship between intelligence and operations is fundamental and present in all security teams.

As threat intelligence drives your orchestrated actions, the result of those actions can be used to create or enhance existing threat intelligence. Thus, a feedback loop is created — threat intelligence drives orchestration, orchestration enhances threat intelligence.

ThreatConnect is the first company to bring intelligence-driven SOAR to market…making it possible to drive this collaboration between intelligence and operations.

Customizable Case Management
Gather Disparate Artifacts Quickly
Standardize Process During an Incident
Instant Access to
Threat Intelligence
Drive Team
Collaboration and Dialogue

Underinvestment
& Lack of Business Buy-in

Presenting cybersecurity risk to senior business leaders requires translation to bridge the gap in language and understanding. To do this, however, requires the CISO to ensure he or she understands their company and its business.

The Rosetta Stone that translates the technical nature of security into the language of the business is here – cyber risk quantification (CRQ). By quantifying cyber risk, Chief Information Security Officers have the ability to speak the language of business.

Risk scenarios should be and can be quantified in a way that the board can understand. A board that understands the risk, threat, response paradigm is better equipped to understand prioritization and resource allocation – and the need for right-sizing of security investments.

By leveraging CRQ, a threat intelligence platform (TIP), and intelligence-driven security orchestration, automation, and response (SOAR), CISOs can more easily demonstrate what risks they are prioritizing, the actions they are taking to mitigate those risks, and the outcomes associated with those actions.

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