Data is regarded as the most valuable asset in today’s business world. The examples of critical data include e-commerce data, e-banking data, and Personally Identifiable Information (PII). Therefore, data security is, and data breaches have become an international concern for individuals as well as organizations. The role of the Cybersecurity Risk Management Framework (RMF) in data security is indispensable. The RMF provides a structured, disciplined, and flexible process for managing the privacy and security risks that include information security categorization, control selection, assessment, and implementation, as well as system and control authorization and continuous monitoring.
Data is a raw material, which is often unstructured, extracted in massive quantity, and requires processing before calling it an information and actionable intelligence. A good example is the Indicators of Compromise (IoCs). A big list of domain names or IP addresses can be ingested into the SIEM system to identify whether this list contains any malicious IP or not. If any suspicious IP is detected, then we can term this data as an actionable intelligence which has been evaluated from reliable sources, processed and enriched. Now, it can be used to identify trends, attack profile, and possible threats. In this article, we will see how data is gathered, processed, and act as an actionable delivery.
In information warfare, the need to develop SIEM architecture has become a crucial factor due to the existence of ever-growing cyber threats and their creators – cyber pests.
Threat Intelligence Feeds, in fact, are an actionable threat data related to artifacts or indicators collected from any third-party vendors in order to learn from other company’s visibility and access to enhance your own cyber threat response and awareness. The example of these third-party vendors includes Kaspersky Threat Intelligence and Alient Vault OTX. Threat Intelligence Feeds concentrate on a single area of interest and they are delivered online. For instance, these data feeds can be about IP addresses, hashes, or domains.
No organization has complete protection against today’s sophisticated and fast cyber-threats. To maximize the security posture of your enterprise, you need to evaluate the risks in an effective manner, in addition to the various other security measures. The report in which you describe all the risks – coined as “Security Risk Analysis Report” – has utmost importance for the effectiveness of the overall Risk Management Program. This analysis will identify all the threats and risks associated with these threats.