The cost of a cyber breach will be $10 trillion by 2025, according to cybersecurity ventures. If an organization detects a threat quickly then the enterprise can save $1.2 million on average. Attacks are becoming quite complex. And a single antivirus or firewall combination won't create a strong line of defense.
You need the right combination of human and technological resources to identify potential threats and respond to them on time.
Why do You need to Implement Cyber Threat Management Framework?
There is a need to implement a solid threat management framework EDR because once you configure a solid defense then it will help you:
Reduce risk level by quickly finding vulnerabilities and threats lurking on the cloud, email, network, and endpoints.
Continuous monitoring of your business system allows you to investigate threats with complete context.
When you detect and investigate threats on time, it allows you to improve your overall security posture.
Your team can get help from advanced tools and techniques that allow them to secure your organization more effectively.
Key Features of an Effective Cyber Threat Management Framework
If you want to prevent advanced attacks successfully, you need to add the following features to this framework:
Visibility
Today, your organization has a wide landscape that includes emails, endpoints, cloud workstations, networks, IoT devices, etc. You need a proper risk control system that lets you look into every threat vector.
Potential Threat Detection
With the expansion of your organization's ecosystem, cybercriminals can attack multiple aspects of your business. Your antivirus and firewall can prevent existing threats. But what about brand-new malware? Thereby, there is a need to opt for a system that helps you block new malware as well.
It is vital to opt for a risk management system that is integrated with threat intelligence, artificial intelligence, and attack models.
These advanced tools integrations allow you to prevent brand-new threats as quickly as possible.
Response
You need a solution that is designed to respond to the threat in many different ways. It is vital to have a system with an automated response. The reason is that your teams can't monitor your business IT infrastructure round around the clock. So, there is a need to have some automated response.
As soon as the threat is detected, the system can respond automatically by quarantining a file, blocking software, or uninstalling the code. This automated response gives your team some time to investigate the matter.
Another important feature that should be part of the risk management framework is the response playbook. It is quite helpful when you have a basic SOC team in-house. When they are not experts in dealing with a variety of threats then this playbook will provide them with action plans.
Analytics
Another key factor to beat another team successfully is to opt for a cyber threat system with analytics. It allows you to investigate every incident in detail and keep its record so that next time same malware or attack can be avoided easily.
How does Cyber Threat Management System work?
Once you establish a proper framework, it allows your team to identify, investigate, analyze, and respond to a known and unknown attack.
Monitoring
In the first stage, every aspect of your organization will be monitored. Depending on your what system you put in place, software or hardware will monitor your network traffic, endpoint activities, cloud workstations, and many other aspects.
Even when you have a SOC team, you need proper software that monitors your system nonstop. If this framework is based on behavior learning or artificial intelligence, it will create a base profile for normal behavior. As a result, when the system finds some unusual behavior then it will be readily detected.
Identification
As the complete system is under the radar, once a suspicious activity or malware is found then it will send an alert to your team. They will start an investigation. Complete analysis of a potential threat allows analysts to devise the right action plan to prevent the attack.
Prevention and Control
If an attack happens, the system will respond and your organization can look into the complete situation. Regardless of how sophisticated an attack is, threat management tools can readily block it.
In case you employ an Xcitium XDR solution, it provides complete control over your organization from a single pane of the window. It allows you to quarantine a compromised host, so the threat doesn't spread in your overall ecosystem.
Cyber Threat Management Wrap up
If you want to stay proactive with your cybersecurity approach, it allows you to prevent attacks of every magnitude. You need to implement a proper cyber risk management framework because alone your cybersecurity teams won't be able to handle every threat. Once you have this framework, it continuously monitors the complete ecosystem to stop threats.
