Due to growing advancements in technology, business companies are faced with defending themselves from hackers. With cyber-attacks continuing to increase, in 2023, cyber-attacks are suspected to go above eleven trillion. With technology continually advancing, these numbers show no sign of slowing down; in fact, they’ll increase.
With cyber-attacks continuing to be a problem, companies are bringing aboard cyber threat analysts to help combat these attacks using cyber threat intelligence. As hackers are becoming more intelligent and quicker, cyber threat analysts are developing reports that can help companies locate any weaknesses and to stop an attack before it happens.
While the digital world is constantly changing, it’s essential to know where and how to keep a lookout for a cyber attack. As you continue reading below, we’ll discuss what cyber threat intelligence is, the responsibilities of a cyber threat analyst, and five ways how a cyber threat analyst can protect your company.
What is Cyber Threat Intelligence?
Cyber threat intelligence refers to the data collected, evaluated, and analyzed by a cyber threat analyst. Cyber threat intelligence will allow your company to understand the behavior and motives of an attacker and how to predict the hacker's next target.
One of the most significant benefits of cyber threat intelligence is to provide your organization with additional knowledge regarding cyber threats that can pose a risk to your assets and to deploy the best techniques to defend against threats. Cyber threat intelligence provides effective security measures to fight a cyberattack, as opposed to security protocols that only deploy after an attack.
A cyber threat analyst will take everything from cyber intelligence, from threats to weaknesses and create a plan that your organization can use to defend your company against risks. Without a cyber threat analyst, your organization won’t be prepared for a cyber attack. With a cyber threat analyst, you can protect your assets and infrastructure.
What are the Responsibilities of a Cyber Threat Analyst?
Simply put, a cyber threat analyst will gather information within your company to scan, assess, and create reports of risks that may harm your company. From sensitive data to evaluations, a cyber threat analyst will use a range of resources to create a more prominent scope of risks that threaten your company and will assist in mitigating risks.
A cyber threat analyst will create a short and long-term evaluation so that your employees know what to anticipate when a threat occurs and what they can do to progress ahead of an attack. Because their job comes from mitigating future risk, as opposed to dealing with current threats, cyber threat analysts are also expected to keep up-to-date with cybersecurity events to know what’s coming.
An excellent cyber threat analyst can warn companies about future cyber threats before they can create significant damage.
A cyber threat analyst will use their skills to exhaust their communication abilities and perform various roles taken on by other professionals, such as tactical professionals and other analysts. A cyber threat analyst can enhance your company’s security more efficiently by covering more positions.
Some of the responsibilities of a cyber threat analyst might include the following:
- Recognizes the requirements of an organization
- Collects data to create an analyst to assist in their decision-making process
- Monitors and assesses potential cyber threats
- Confirms that all security requirements are met
- Creates a data report of findings for an organization to use to enhance security measures
- Extends finding to other employees to mitigate threats
5 Ways a Cyber Threat Analyst Can Protect Your Company
Here are five ways a cyber threat analyst can protect your company from a cyber attack.
1. Prevents Financial Losses
A cyber attack can not only cost your company significant remediation, but it can also create a substantial financial loss. Financial losses can include things such as fines, lawsuits, and cyber attack investigations. With the help of a cyber threat analyst, you can arm your teams and other employees with the proper knowledge to make more informed responses to prevent downtime, minimize data breaches, protect your infrastructure, and save the reputation of your business.
When an organization encounters a cyber attack, much of the financial losses occur from downtime, so keeping downtime at a minimum is one of the essential things a cyber threat analyst can do.
2. More Efficient Staff
With the help of a cyber threat analyst, the employees of your organization will be able to work more efficiently and less likely to become drained and fatigued. Discovering and connecting a cyber threat can become time-consuming and use many resources. With the help of CyberLynx, you’ll have the support of our cyber threat analysts to utilize security, collect findings, and stop a cyber threat in its tracks.
With the support of a cyber threat analyst, you can enhance your infrastructure’s security, lower response times, and reduce false alerts to focus on the main priorities of your business.
3. Reduces the Risk of Cyber Attacks
Hackers, or anyone to create damage to your organization, are discovering new tools and techniques to attack the organization. With daily technological advancements, they're only becoming more intelligent and faster. With the help of a cyber threat analyst, you'll have a better view of existing threats and cyber attacks.
With adequate knowledge and application to your organization’s daily functions, you can reduce the amount of data lost, minimize disruptions to your operations, and increase your understanding of threats to prevent future cyber attacks.
4. Lowers Expenses
To piggyback off areas we've already covered earlier, a cyber threat analyst can ultimately reduce the amount of money your company will spend. With an improved defense mechanism, you can defend your company against persistent attacks, lower risks, reduce response times, and maximize your assets. Using the essential resources will allow your company to focus on significant threats to your company and create a more efficient workspace.
In our technology-driven world, investing in a cyber threat analyst is becoming more essential now than ever. Employing a cyber threat analyst has excellent benefits, from lowering expenses, investing in infrastructure, reducing risks of cyber attacks, creating more efficient employees, and reducing financial losses.
5. Invests in Infrastructure
Along with the points discussed, investing in infrastructure is one of the top ways a cyber threat analyst can protect your company. When you have a better understanding of cyber attacks, you can quickly identify the most damaging threats to your company to make quicker decisions. By making these quick decisions, you can ensure your organization's infrastructure remains protected in every area.
In addition to investing in infrastructure, you can increase communication among your employees and security teams to align your company goals.
Top Benefits of Cyber Threat Intelligence
1. Increased Threat Response
With cyber threat analysts using threat intelligence, you can receive an in-depth report about potential threats, hackers, behaviors, and tools that they use. With this report, you can gain a better understanding of the potential threat and how to provide the best security to help mitigate risks.
2. Improved Detection and Monitoring
With the use of cyber threat intelligence, you improve your detection and monitoring abilities by working with other tools. Cyber threat intelligence uses search capabilities to gather information about threats to improve detection.
3. Team Knowledge
With the use of cyber threat intelligence, you can share your findings about potential threats to other companies and, with teamwork, keep updated on potential threats that may affect another organization. In addition, organizations can communicate safety measures to ensure all companies remain protected against cyber attacks.
4. Faster Decision Making
When a cyber threat analyst uses cyber threat intelligence, they can help your security teams make faster decision-making when it comes to security measures and evaluating a threat when it occurs.
Final Thoughts
In conclusion, hiring a cyber threat analyst is a no-brainer and a requirement. Today, just about every organization uses the internet for their business to conduct operations. This is a critical sign that cyber attacks will continue to increase; therefore, needing a cyber threat analyst onboard to assist in mitigating those risks.
How Does a Cyber Threat Analyst Protect Your Company: FAQ
1. What does a cyber threat analyst do?
A cyber threat analyst will analyze and detect cyber threats before they occur. A cyber threat analyst can investigate how high a threat is and can enable companies to make more informed and quick decisions.
2. How can you protect your business from cyber threats?
To protect your business from a cyber threat, you should secure your network and databases, train your employees, create more efficient security policies, inform your customers, and know how to distinguish fake threats from real threats.
3. How does cybersecurity protect businesses?
A secure system and data are vital in today's technology-driven world. Without reliable security processes, hackers can access your sensitive data and misuse your information, compromising your company's reliability.
4. What is the impact of cyber threats on a company?
When a cyber-attack occurs, this could create substantial financial loss, loss of sensitive information, and significant disruption to your business.