Cybersecurity is the practice of securing businesses' infrastructure and endpoints from unauthorized access.
Multiple teams within an organization lead different aspects of cybersecurity.
From Web application firewall to application programming interface security, these teams often work in silos with their independent key performance indicators and road maps leading to fragmentation in understanding the comprehensive threat landscape of the organization.
The discipline of fraud prevention - a relatively new but now-established method of stopping threat actors who exploit Web applications for financial gain - has fragmented the cybersecurity landscape within an organization even further.
Fraud prevention teams, often a part of consumer growth and onboarding teams, operate their independent road maps and attempt to eradicate fraudulent financial losses.
Redefining cybersecurity to combine these disciplines under one umbrella brings a multitude of benefits to an organization, including a comprehensive cybersecurity posture, efficient resource utilization, and reduced capital burn.
Given the threat, organizations are better off unifying the different teams involved directly and indirectly with cybersecurity to land a comprehensive security posture.
Efficient Capital Management Cybersecurity is a fragmented market, and vendors are blurring the lines between traditional cybersecurity and fraud management by trying to unlock those use cases within the same platform.
Since the buyers of fraud management tools differ from buyers of traditional cybersecurity tools, and these teams operate in silos, organizations fail to consolidate vendors and spend more than needed.
A unified strategy ensures that every stakeholder is accountable for driving that strategy forward.
An integrated technology stack ensures full visibility by any team in the chain.
Downstream teams can use threat indicators identified by upstream teams to further probe the traffic.
If downstream teams find interesting actionable insights, upstream teams can act on such insights.
Teams responsible for API security may find threat insights based on the sequence of API usage by consumers that aren't usually available to bot and fraud protection teams.
Unified vendor strategy: Almost every team responsible for cybersecurity and fraud protection uses vendors to complement their work.
Having a unified vendor strategy ensures that every team is aware of vendors used by other teams.
The integrated technology stack ensures that signals from the vendors can be used across teams instead of in just one.
Unified response to threat incidents: Creating cross-functional tiger teams during incidents ensures that each incident is looked at holistically.
Conclusion The integration of different disciplines of cybersecurity and fraud management, guided by unified strategy, common KPIs, and shared accountabilities, is not just a strategic move but a necessary evolution in the face of increasingly sophisticated digital threats.
The goal is to create a unified front against digital threats, where the strengths of each domain are leveraged to enhance the overall security of the organization.
This Cyber News was published on www.darkreading.com. Publication date: Fri, 26 Jan 2024 15:10:04 +0000