In recent months there have been increasing reports of cybercriminals targeting remote workers and organisations due to the improvised working conditions during the COVID-19 pandemic. While the traditional approach to cybersecurity is reactive, companies feel a proactive approach is seemingly a better option. Companies are now looking to threat detection to help improve their cybersecurity.
According to the X-Force Threat Intelligence Index Report, 2019 saw a 2000% increase in operational technology incidents and over 8.5 billion records compromised with the financial sector the biggest target. Meanwhile, the Cyber Resilient Organisation Report by the Ponemon Institute showed an increased in cyber resiliency with a 53% increase in 2020.
With the ever-evolving threat landscape bringing in new problems, companies need to keep up with the latest cyber defence technologies that can help them stave off attacks that are growing in number and variety. With this in mind, it is important to note that when companies want a proactive approach that is able to protect, identify, respond and remediate any threats or breaches, then AI must be utilised.
AI can assess where the greatest risks are and prioritise mitigating them in an automated manner. Previously, IT teams would have to spend a long time searching for issues and vulnerabilities, or chasing false positives. Threat detection speeds up this process as it scans through company data and systems searching for any potential threats using machine learning and AI technology.
IBM X-Force equips company Security Operations Centre (SOC) teams with the ability to make fast and informed decisions with actionable insights. As a cloud-based threat intelligence platform supported by human- and machine-generated intelligence, X-Force provides SOC with information on the latest security threats, aggregate actionable information and collaboration.
By using AI threat detection in a SOC, organisations will have improved visibility into cyberattacks, infections and misuse that would otherwise require manual discovery and management. They will also have a more comprehensive view of threats made possible by threat feeds and analytics from external service providers.
At the same time, with compliance and regulations getting stricter, companies will be able to have improved analytics and reporting to help address these requirements plus more insights into the current state of a company’s security posture. Companies can also reduce costs and potential damage to their brand by helping to prevent and mitigate the impact of security threats.
For businesses that are not sure on how to get started with threat intelligence and a SOC, IBM can help them identify their intelligence capabilities and optimise security operations through workshops, assessments, strategy engagements and design and build activities that are tailored to the organisation.
IBM has prepared a whitepaper to help you find out more about how your business can build a SOC with threat intelligence as the foundation. To access the whitepaper and to find out how IBM can help your organisation prioritise your threat detection with a SOC, click here.