Originally published at GRC Viewpoint
Its clear for many of us that our fast-paced digital world is a willing host to escalating cyber threats due to the rapid societal-digital transformation and ever-growing prevalence of internet-connected devices. Coupled with the evolution of cybercriminal tactics, the cyber threat landscape evolves faster than our ability to appreciably understand the threats we face, necessitating vigilant and proactive management strategies – both old and new.
Threat management, or our strategy to prevent cyber attacks, detect cyber threats, and respond to security incidents, serves as the cornerstone for countering these threats. By integrating cybersecurity into the broader risk management framework, threat management not only minimizes risks but also ensures the integrity, availability, and confidentiality of information.
Regrettably, many businesses overlook the critical need for integrating cybersecurity into their mainstream risk management practices, leading to poor cyber hygiene. This lack of attentiveness exposes them to countless risks, inviting malicious actors to infiltrate their networks and potentially jeopardizing valuable data, financial assets, and brand reputation.
A robust defense against these threats calls for a significant commitment to advanced security technology and holistic risk management practices. In this case, the National Institute of Standards and Technology Cybersecurity Framework (NIST CSF) provides a pivotal and proven blueprint for managing and reducing cybersecurity risk in this scenario.
The NIST CSF, an exemplary structure composed of standards and best practices, assists cybersecurity professionals in fortifying their cyber defense programs. Designed around five core functions – Identify, Protect, Detect, Respond, and Recover – the framework provides a comprehensive understanding of an organization’s digital environment, aiding in effective cyber risk assessment. It also ensures the continuity of critical services by implementing safeguards, recognizes potential cyber threats, mitigates impacts, and restores any impaired capabilities due to a cybersecurity event.
Implementing these functions supports threat management by providing a clear, actionable roadmap for each phase of threat response and mitigation, thereby fostering robust cyber hygiene and creating resilient infrastructure.
However, depending on a framework or roadmap alone won’t move the needle in an era of incessantly emerging threats requiring innovative solutions. The rise of artificial intelligence (AI) has become a game-changer in threat management. Security Operation Centers (SOCs) employing AI technology can not only detect and manage threats effectively but also swiftly respond, thereby reducing resources spent on fragmented tools and data sources. The integration of AI in SOCs leads to the rapid analysis of vast data quantities, detection of anomalies, prediction of potential threats, and automation of responses. Such integration drastically enhances the SOCs’ efficiency in threat management, enabling real-time responses and dramatically accelerating threat detection.
Moreover, implementing a flexible range of threat management solutions and services in SOCs ensures an efficient data exchange and an effective response process. These advanced solutions enhance and transform security operations, making them more dynamic and interconnected, thereby empowering organizations to stay ahead in the shifting cyber threat landscape.
To remain efficient and effective GRC managers will need the combined power of the NIST CF and AI to generate a formidable defense against cyber threats. Embracing the NIST CSF’s best practices and leveraging AI for rapid threat detection and response can significantly enhance an organization’s ability to navigate the ever-evolving cyber threat landscape, ensuring robust protection for their valuable digital assets.
By Alexander Hall, President, Alliance Cyber