Cyberattacks are quite the norm for businesses operating using digital technologies. Organizations that haven’t faced the first-hand impact of cyberattacks yet are lucky. But they must not take this thing lighting as they can become a victim anytime soon. It can be either a ransomware attack, a third-party vendor compromise, a hardware or software supply chain hack, etc.
Since the number of threat actors causing havoc in private and public sector organizations are on the rise, it’s time to rethink the security practices you use. This clearly explains the need for understanding collective defense.
What Is Collective Defense?
Collective defense is a cybersecurity strategy where organizations share information and coordinate threat response among themselves, be it internally or externally, to defend against cyber threats.
Through collective defense, all organizations regardless of industry, scale, geographical location, or other factors, can build cyber resilience. It helps them to reshape and strengthen their cyber defenses by threat intelligence sharing and collaborating with stakeholders at different levels.
These stakeholders can either be your business partners, industry peers, vendors, researchers, law enforcement agencies, regulators, etc.
Role of Collective Defense in Stopping Cyber Attacks
The rise in cyber threats is compelling security teams to invest a lot of time and resources. However, threat intelligence sharing and automated operationalization can change the entire game by predicting threats before they even take place. This will drastically reduce the chances of becoming a victim of cyberattacks and dodge other threats like malware, attack campaigns, threat actors, vulnerabilities, etc.
Thus, by implementing a collective defense approach, organizations can help stakeholders to achieve better situational awareness, identify critical cyber risks and take actions to secure vital assets. Apart from that decision-makers in the organization can optimize resource allocation and get better visibility of threats.
Collective defense can help you come up with a response to fight against the most critical cyber threats. But to become successful, organizations must discuss with their internal teams first and lay the foundation for secure collaboration and information sharing. Gradually, they can scale it up to monitor and fight collectively against the risks.
The requirement for threat intelligence sharing is indeed crucial. Therefore, organizations across all private and public sectors must recognize this and take collaborative security initiatives. This will ensure the amplification of defense capabilities and help overcome the most pressing threats that can affect their business operations, assets and continuity.