The online world is the keeper of your digital footprint and all of your data. Social media interactions and postings, financial transactions, all work-related communications – everything that you do virtually and almost everything you have. So, it’s no wonder criminals have moved online – it’s where all the data – and money – is.
How do you protect yourself? Cyber intelligence can help safeguard your business against cybercrime, helping you identify the digital risks facing your business so you can put in place necessary protections.
What Is Cyber Intelligence?
Cyber intelligence involves tracking and analysing the intentions, methods and tools of online criminals. Once you know the criminals’ intentions, what they’re targeting and how they’re doing it, you can take action to protect yourself.
Cybercrime Statistics
- A key aspect of cyber intelligence is accurate and comprehensive reporting of online crime. Right now, cybercrime is underreported.
- According to a 2019 study by Varonis, the average time to identify a breach was 206 days.
- The average life cycle of a breach (from detection to containment) was 314 days.
64% of Americans haven’t checked to see if they’ve been the victim of a data breach.
Reporting Cybercrime
Victims of cybercrime are often hesitant to report to law enforcement because they’re too embarrassed admitting being fooled by a scam. Some people also believe that there’s no point reporting cybercrime because they think law enforcement can’t do anything about it.
Businesses often pay ransomware demands because they believe law enforcement won't be able to help them on time. They choose the quickest solution to return to profitable operations.
However, without accurate reporting, law enforcement is blind to the trends - criminal methods, sector targets, regional trends and impacts on businesses.
Without these aspects of cyber intelligence, we can’t share what is known and we can’t put practices and tools in place to get ahead of criminals and prevent revenue losses.
The good news is that reporting cybercrimes is becoming more and more common. However, we rarely hear the entire story of an online crime, fraud or espionage event – and that means we are not fully informed or prepared to prevent attacks.
How Can You Apply Cyber Intelligence To Your Business?
Cyber intelligence helps you prevent cybersecurity attacks and protect your revenue. Every company’s digital footprint is slightly different and business risks can vary according to industry, size and how you operate. There are several ways you can learn about the digital risks facing your company.
Find out if your business sector has an Information Sharing and Analysis Centre (ISAC). Become a member and learn about the cyber threats that are affecting companies like yours.
Risk-monitoring solutions like WhiteHawk allow you to understand your risks and allocate resources where it’ll be most effective. And you don’t have to be super technical to make the most of these tools.
Government agencies also post advisory bulletins and news alerts concerning major cyber events and threats, helping you understand the threat environment and implement security measures.
Cyber intelligence allows companies with limited resources to protect themselves from digital risks better, safeguarding what really matters and saving time and money.
Comprehensive Cyber Protection for Your Business
WhiteHawk Limited (ASX: WHK) a Barclay Pearce Capital client is the first global online cybersecurity exchange enabling businesses of all sizes to take smart action against cybercrime.
Whitehawk has had an exciting third quarter in 2020. Read about following company highlights and more in their latest Quarterly Report.
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Awarded Phase 2 of current contract with U.S. Department of Homeland Security (DHS) CISA, as sub-contractor to Guidehouse (formerly PWC Federal), for $1.5M and was kicked off October 2020 to develop, test and refine the QSMO Cybersecurity Marketplace.
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Awarded the first sole source U.S. Federal Government CIO Cyber Risk Radar contract, across 150 Suppliers and options for additional 150 suppliers a year for a base year and 4 option years, for base price of $580K with option of up to an additional $600K. Contract kicked off August 2020.
- Completed 5 Cyber Risk Radar Cybersecurity Maturity Model Certification (CMMC) focused Proof of Values (POV), three with U.S. Government Departments or Agencies and two with Major Manufacturers. Three additional Proof of Values being scoped; one with the Financial Sector, one with a U.S. Defence Industrial Base (DIB) Company and one with a U.S. Government Agency.
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Signed partnership agreement with Global Insurance Group to explore WhiteHawk online platform and virtual Cyber Risk Service options for their business clients.
Terry Roberts is available for an interview. Contact Donna Warner, Barclay Pearce’s Chief Marketing Officer: donna@barclaypearce.com.au
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