The evolving threat landscape necessitates proactive approaches to identify, assess, and mitigate potential cyber security risks. Threat intelligence is one of the most potent weapons we have against digital hazards. Yet, many organizations remain uncertain about what it entails, how to apply it effectively, and what threat intelligence solution to choose. This lack of understanding could be detrimental as cyber threats continue to evolve, becoming more sophisticated and disruptive.
Over the following years, the costs associated with cybercrime, projected at $10.5 trillion annually by 2025, will exceed the estimated worldwide cybersecurity spending—$267.3 billion annually by 2026. Leadership needs to change its perspective on managing cyber risks instead of just spending more money to match the losses incurred.
A basic Google search for the term “cybersecurity” will turn up dozens of competing advertisements for companies promising to solve all your security woes and keep attackers at bay with their version of a “technology silver bullet” – the end all be all that you must, according to them, purchase right now. It’s not that technology isn’t essential to your security strategy; it’s vital!