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Threat Management is a lifesaver. It helps before anything happens.
What Is Threat Management?
Security is a major concern for most companies and the Cyber Threat Management is responsible for the planning, overseeing and managing of an entire company’s security risks.
This includes IT, information , network, system and software security. Cyber Threat Managers provide threat analysis, risk management and business continuity planning.
There are various techniques that are used in Threat Management. It combines security and incident response techniques to create protection against potential threats.
Management can start with identifying a risk baseline. You need to identify and analyse your assets first, then understand the threats to the assets and lastly the likelihood for this threat to occur.
What Is Our Goal In Threat Management?
Our goal is to prevent horrifying incidents from happening with an active defence rather than sitting and waiting for bad things to hit us to respond, which is defined as poor management.
What Is The Threat Management Process?
The Cyber Threat Management process follows identification, protection, detection, response and recovery.
It is a cycle that should be continuously repeated. Leaving this cycle is not much different than suddenly stopping your fight in the heated war field knowing that you are surrounded by your enemies.
This wouldn’t make any sense, would it?
Therefore, your cyber war is not much of a different concept than the real war. You lose the life of your sensitive data, your reputation, your money and perhaps your business itself.
Therefore, you do not stand in your battlefield without a fight.
Why Is Incident Response Critical In Threat Management?
When the incident happens and you are not prepared, then this is a disaster. The loss will be high and you might flush your reputation down the drain.
At this stage, our goal is to make sure of the minimum impact of the cyber attack and recovering fast from it but how?
- Comprehensive response plan should be ready.
- Roles, responsibilities and actions should be defined clearly.
- Attack has to be detected immediately.
- Compromised systems should be isolated to prevent further damage.
- Execute response plan for timely response and efficient resolution.
However, response management is not only about responding to the attack. It is more than this.
When the attack takes place, the process also helps us understand our vulnerabilities and weaknesses that were revealed by the attack, and therefore it is a chance to make our defence stronger.
It is a process to fix our broken system and prevent the further damage and exploitations that might happen in the future.
Why Is Threat Management Important For Different Size Of Organisations?
Small businesses are vulnerable and are usually not able to afford the cost, time and expertise of a full-time IT staff. That’s why they need a simple, easy way to find a solution.
Medium and Enterprise organisations have sophisticated threat management systems but they still rely on outsourcing certain services to monitor threats.
They employ an “outside in” approach which means that they focus on detecting and if needed, responding to threats only after they are no longer within the organisation’s network.
Organisations often overlook threats that exist outside their networks, such as employee phishing attacks and malware entering the data centre through removable devices. This opens up another avenue for cyber crime attacks.
Our Take: Cyber attack is a threat to computer systems or networks that has negative implications; whether it is deliberate or unintentional. Despite a plethora of publications promising us that our data is “safe in the cloud,” a lot of sensitive data remain accessible via insecure devices and servers all over the world. As we all know, cybercrime is increasing in number and frequency daily, and threat management is one of the most effective ways to protect businesses from cybercrime. Hence, companies must deploy the use of threat management solutions to prevent cyber threats. Organizations must be invested in understanding these vulnerabilities and weaknesses that have over time been revealed by the attacks. This becomes a guide for developing stronger defense solutions through threat management to avert further attacks.