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Now is The Optimal Time For Orgs to Collaborate on Cybersecurity

Despite the new and increasingly sophisticated cyber threats emerging on a daily basis, most organizations still continue to rely on their own security teams to defend their networks and infrastructure in isolation. However, relying on one’s own cybersecurity data is no longer enough for an organization to effectively defend against the latest cyberthreats.

This siloed approach has contributed to the lengthy period an organization needs to identify data breaches, at an average of 191 days, let alone effectively defend against these attacks. As such, despite exploding cybersecurity spending, today’s cyber defenses are failing and no longer effective.

Fortunately, with new and emerging technologies, there are ways to improve organizations’ cybersecurity, such as with collaborative cyber defense. This entails organizations coming together to collaborate on their cybersecurity data, for example, Indicators of Compromise (IoC) data.

With the higher volume of valuable data available to each collaborating organization, all of them would be able to:

  1. Better anticipate and identify future cyberattacks
  2. Improve robustness of incident response plans
  3. Reduce cybersecurity costs

Why don’t organizations collaborate on cybersecurity?

While some organizations might want to collaborate on their cyber defense, cybersecurity data, such as incidents, vulnerabilities, and attacks, are usually extremely sensitive, confidential, and thus restricted in how it can be used.

Organizations are very reluctant to share these sensitive and restricted data with their partners or other companies in their industry. Organizations would only be willing to collaborate on cybersecurity data if they knew that their confidential data would not be seen by external parties, especially other organizations in their same industry.

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