Cyber attacks on organizational systems are growing at an alarming rate across the globe, sharply increasing the total cost of global data breaches. Ransomware, phishing emails, and DDoS attacks are some of the major cyber security threats faced by companies around the world. The US, UK, and China are countries most prone to cyber attacks and have been recently affected by WannaCry and Petya ransomeware and the attack on the US presidential election.
The cybercriminals responsible for cybercrime include nation states and individual hackers who employ sophisticated means to attack organizations as well as countries. These cybercriminals are highly professional, organised, well funded, well trained, and are driven by financial and political motivations.
The emerging cybercrime landscape has proven that traditional cybersecurity measures are outdated. Current reactive security solutions such as firewalls and antiviruses are not sufficient to fight these threats. In the evolving threat environment, understanding the nature of these threats in terms of who, what, how, and why, is very important.
This has created the need for proactive security solutions. The security solutions landscape today is shifting from reactive to proactive solutions such as Threat Intelligence, Incident Forensics, and other related disciplines. Threat Intelligence mitigates the risk of cyber attacks and helps take preemptive remedial action at various levels of an organization.
The primary purpose of Threat Intelligence is to provide proactive security measures against evolving cyberattacks. Threat Intelligence is defined as an evidence-based methodolgy that seeks to understand cyber threats and provide frameworks for their detection, analysis, and predictive remediation. With increasing data breaches worldwide, the Threat Intelligence market is gaining a lot of attention, through choosing the right threat intelligence platform is a challenge for organizations.
In the coming years, Threat Intelligence will be an integral part of an organization’s day-to-day operations. There will be a huge demand for skilled professionals in threat management and emerging techonologies using artificial intelligence and other digital capabilitties will drive further innovations in this space.
The Blueocean Threat Intelligence Report highlights the overall Threat Intelligence landscape including trends, emerging competitors, key observations on the current scenario, and market outlook for the future.
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