• Insight
  • 4 min read

Enhancing cybersecurity investments through data-driven decisions

Improving Business Risk Management in the Cyber Domain

Managing business risk in the cyber domain is challenging. In today’s digital landscape, businesses face an ever-evolving landscape of cyber threats that can disrupt operations, compromise sensitive data, and tarnish your reputation. Addressing these risks requires a strategic alignment between cybersecurity investments and the specific threats they aim to mitigate. However, all too often, a disconnect exists between the resources allocated for cybersecurity and the actual reduction in business risk.

The Human Factor: Fear, Uncertainty, and Doubt-Driven Decision Making

Behind many strategic decisions lurk elements of fear, uncertainty, and doubt, which can heavily influence choices that we make. In an ideal situation, objective and rational reasoning should drive our decision making, but the reality is that human psychology often plays a significant role.

Embracing Data-Driven Practices for Effective Risk Reduction

The journey towards effective business risk management begins with a simple answer: becoming more data-driven. Although the solution may sound straightforward, the implementation presents certain challenges. Transforming into a data-driven entity requires not only access to relevant data but also the expertise to translate this data into actionable insights regarding the risks at hand. Achieving this cannot be solved by simply applying buzzwords like machine learning, artificial intelligence, or quantum computing.

The Foundation: Building a Data Repository

Collecting essential data related to cyber attacks is the starting point. At Truesec, we’re somewhat blessed with having both a Managed Detection and Response service, as well as a top-tier Incident Response team. Our MDR team diligently gathers data about thwarted and ongoing cyber attacks. This includes information about phishing attempts, domains used in staging attacks, loaded binaries, and installed web shells – all vital components of the intrusion process.

Our IR assignments provide us with valuable data on what facilitated various aspects of the attack, such as initial access techniques, in addition to factors that mitigated its impact. We scrutinize events leading up to the intrusion, examining traffic surges, social media mentions, vulnerability discussions, and proof-of-concept exploits, to mention a few.

Enriching the Perspective: Holistic Data Collection

To gain a comprehensive understanding, we cast our net wide, gathering extensive data from external sources such as the dark and deep web, open sources, private channels, technical partners, and more. This multifaceted approach equips us with a deeper comprehension of events preceding, occurring during, and following an attempted or successful cyber intrusion.

From Data to Insight: Predicting Future Cyber Threats

The amassed data is methodologically processed and analyzed by seasoned experts to generate insights that can actually begin to predict future cyber threats. Patterns emerge, revealing attack campaigns, targeted sectors or industries, and potential individual targets. These insights provide empirical evidence on the security investments that can significantly reduce business risk.

Extending the Horizon: Predictive Cybersecurity Management

By incorporating predictive capabilities into your cybersecurity management strategy, you will gain an advantage in preparing for, detecting, and responding to cyber attacks. Our wealth of data and evidence identifies the contributing factors and events that elevate the likelihood of an attack, empowering you to make informed decisions.

Empowering Your Business: Minimizing Risk, Maximizing Preparation

Incorporating data-driven practices in your cybersecurity approach represents a critical step towards holistic business risk management. Empirical insights guide your investments, while predictive abilities extend your time to prepare and respond, ultimately reducing the impact of cyber threats.

For more details on how our Attack Prediction solutions can help you minimize business risk and enhance your readiness to combat cyber attacks, please refer to our comprehensive data sheet. Our expertise and data-driven methodologies stand ready to fortify your cybersecurity strategy in an ever-changing digital landscape.