What is Threat Management:
Threat management is a holistic approach adopted by Cyber Security specialists and experts that deals with the following, all under one umbrella.
Prevention of Cyber attacks
Detection of Cyber threats
Response to Cyber security attacks and threats
Threat management identifies, assesses, and mitigates potential organizational or individual threats. Threats can include cyber threats, physical security threats, and other risks that could harm an organization’s assets or people. The goal of threat management is to reduce the possibility and impact of threats and ensure that an organization is prepared to respond effectively to any incidents.
Components of Threat Management
Threat management programs are designed to provide comprehensive cybersecurity solutions to businesses. Threat management frameworks are carefully curated to cover the below components:
Identifying Potential Threats:
This involves continuously monitoring the organization’s networks and systems for signs of potential attacks or vulnerabilities.
Assessing the Risks:
Once potential threats have been identified, it’s important to assess the risks they pose to the organization. This involves analyzing the potential impact of the threat, as well as the likelihood of it occurring.
Developing a Response Plan:
A response plan outlines the organization’s steps in the event of a cyber attack. This plan should include details on who will be responsible for responding to the attack, what steps they will take, and how they will communicate with other organization members.
Implementing Controls and Safeguards:
To minimize the risks of a cyber-attack, organizations should implement controls and safeguards such as firewalls, intrusion detection systems, and security software.
Regularly Reviewing and Updating the Plan:
Threats are constantly evolving, so it’s important to regularly review and update the organization’s cyber threat management plan to ensure it remains effective.
Providing Training and Education:
All organization members should be trained to identify and respond to potential cyber threats and maintain good cybersecurity practices.
Types of Cybersecurity Threats
The use of the internet, interlinking of businesses and IoT in formal workplaces has increased organizations’ vulnerability to cyber threats and attacks. Cyber threats are categorized into various genres for ease of understanding.
There are many cybersecurity threats, including
Malware is malicious software designed to damage or disrupt computer systems. This can include viruses, worms, and Trojans, which can steal or destroy data or allow attackers to access a system.
Phishing attacks involve sending fraudulent emails or messages disguised from a trusted source to trick the recipient into giving sensitive information, or financial data.
Ransomware is a virus that encrypts an organization’s data and demands payment in exchange for the decryption key.
Denial of Service (DoS):
DoS attacks involve overwhelming a website or online service with traffic to make it unavailable.
Man-in-the-Middle (MitM) Attacks:
In a MitM attack, the attacker intercepts communications between two parties and modifies or alters the information being exchanged.
Insider threats are individuals within an organization who misuse their access to sensitive information or systems for malicious purposes.
Distributed Denial of Service Attacks (DDoS):
Attacks involving a network of compromised devices, known as a botnet, to launch a DoS attack are called DDoS.
SQL injection attacks involve injecting malicious code into a website’s database to gain access to sensitive information.
Password attacks involve using various techniques, such as brute-force or dictionary attacks, to guess or crack passwords.
Zero-Day is a type of cyber attack that exploits an unknown vulnerability or flaw in a system or application. These attacks can be particularly difficult to defend against because the vulnerability has yet to be discovered or patched.
KPIs of a Successful Threat Management Program:
Some key performance indicators (KPIs) of a successful threat management program might include the following:
The Number of Threats Detected and Prevented:
This KPI can help measure the effectiveness of an organization’s threat detection and prevention measures.
The Number of Incidents Responded to:
This KPI can help measure an organization’s ability to respond quickly and efficiently to incidents that do occur.
The Time Taken to Respond to Incidents:
This KPI can help measure the speed and efficiency of an organization’s incident response process.
The Number of Successful Attacks:
This KPI can help measure the overall effectiveness of the organization’s threat management program.
The Financial Cost of Incidents:
This KPI can help measure the impact of incidents on the organization’s bottom line.
The Level of Satisfaction Among Employees and Stakeholders:
This KPI can help measure the overall effectiveness of the threat management program from the perspective of those impacted by it.
The Level of Compliance with Relevant Regulations and Standards:
This KPI can help measure the organization’s ability to meet the requirements of relevant laws and industry standards.
CDGs Threat Management Services:
CDG offers proactive threat management solutions to detect threats, protect and prevent cyber-attacks and ensure a quick and effective incident response system for your business. Our threat management framework minimizes Dwell Time and APTs by analyzing your surface attack network through rigorous penetrative testing and risk assessment throughout the organizational surface attack network.
CDG performs compromise, ransomware, and third-party risk assessments on your security infrastructure and ensures continuous cybersecurity monitoring of your organization. CDG analyses your security status, compare it against mandatory and the latest security frameworks, and provides fool-proof threat management solutions for your organization.
CDG’s Custom Security Program provides insightful data on prevented and predicted cyber threats and vulnerable security weak links, enabling quick and efficient decision-making. The entire team at CDG acts as your organization’s vCISO to ensure comprehensive protection again cyber security threats, risks, and attacks.
With CDGs threat management services, you don’t just get assured cyber security at pocket-friendly prices. You get priceless Peace of Mind when your digital and financial assets are secured and protected.