Successful threat intelligence programmes save UK businesses £6 million on average in past 12 months

Security platform provider ThreatConnect’s latest survey, entitled ‘Building A Threat Intelligence Programme’, reports that cyber security decision-makers inside organisations with mature threat intelligence programs (70%) say their infrastructure has blocked threats to the business that would have otherwise cost them a significant amount of money. On average, an estimated £6 million has been saved in the last 12 months.

The study surveyed 350 cyber security decision-makers in UK organisations, three-in-five (61%) of which boast annual revenues over £50 million. When asked the most important factors for evaluating the success of a threat intelligence programme, organisational leaders pointed to the protection of client information (76%), removing risks faced due to cyber crime activities (56%), preventing service interruptions for core business functions (49%) and protecting the monetary assets of the business (47%).

Highly-publicised attacks are serving as a wake-up call for British businesses. More than one-in-four cyber security decision-makers say their organisations made changes to their threat intelligence programmes due to highly-publicised threats such as WannaCry and Heartbleed. Sharing data with Government groups is also a priority for many UK organisations. More than two-in-five cyber security decision-makers report the sharing of malware data, ransomware data or general threat data with Government groups or NGOs.

There are differing viewpoints among organisational leaders and those executing day-to-day operations when it comes to the rate of success in preventing cyber attacks. Organisational leaders are more likely than senior management to say their organisation’s threat intelligence programme successfully prevents attacks including phishing attacks (80% versus 52%), ransomware (74% versus 49%) and breaches of customer data (65% versus 37%) most of the time.

“Cyber security has become a major risk factor for businesses in every sector,” said Adam Vincent, ThreatConnect’s CEO. “There’s a huge amount of money at stake, not just in terms of direct theft, but also in the form of Government fines for improper data handling. Companies that don’t have a clear view of their network and how it could be at risk are in danger of a serious financial impact. An effective threat intelligence programme can help to equip security teams in identifying the most relevant threats, make decisions on how to defend themselves sooner and quickly respond to incidents in a measurable way.”

*A global report of the survey results may be downloaded at https://www.threatconnect.com/wp-content/uploads/ThreatConnect-Building-a-Threat-Intelligence-Programme-UK.pdf

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.

Related Posts