Third Annual Study on Exchanging Cyber Threat Intelligence: There Has to Be a Better Way

Larry Ponemon

In a world of increasingly stealthy and sophisticated cyber criminals, it is difficult, costly and ineffective for companies to defend themselves against these threats alone. As revealed in The Third Annual Study on Exchanging Cyber Threat Intelligence: There Has to Be a Better Way, more companies are reaching out to their peers and other sources for threat intelligence data. Sponsored by Infoblox, the study provides evidence that participating in initiatives or programs for exchanging threat intelligence with peers, industry groups, IT vendors and government results in a stronger security posture.

According to 1,200 IT and IT security practitioners surveyed in the United States and EMEA, the consumption and exchange of threat intelligence has increased significantly since 2015,

This increase can be attributed to the fact that 66 percent of respondents say they now realize that threat intelligence could have prevented or minimized the consequences of a cyber attack or data breach.

Despite the increase in the exchange and use of threat intelligence, most respondents are not satisfied with it. The inability to be actionable, timely and accurate is the most common complaint about threat intelligence.

Following are 12 trends that describe the current state of threat intelligence sharing.

  1. Most companies engage in informal peer-to-peer exchange of threat intelligence (65 percent of respondents) instead of a more formal approach such as a threat intelligence exchange service or consortium (48 percent and 20 percent of respondents, respectively). Forty-six percent of respondents use manual processes for threat intelligence. This may contribute to the dissatisfaction with the quality of threat intelligence obtained.
  1. Organizations prefer sharing with neutral parties and with an exchange service and trusted intermediary rather than sharing directly with other organizations. This indicates a need for an exchange platform that enables such sharing because it is trusted and neutral.
  1. More respondents believe threat intelligence improves situational awareness, with an increase from 54 percent of respondents in 2014 to 61 percent of respondents in this year’s study.
  1. Sixty-seven percent of respondents say their organizations spend more than 50 hours per week on threat investigations. This is not an efficient use of costly security personnel, which should be conducting threat hunting and not just responding to alerts received.
  1. Forty percent of respondents say their organizations measure the quality of threat intelligence. The most often used measures are the ability to prioritize threat intelligence (61 percent of respondents) and the timely delivery of threat intelligence (53 percent of respondents).
  1. Respondents continue to be concerned about the accuracy, timeliness and ability to be actionable of the threat intelligence they receive. Specifically, more than 60 percent of respondents are only somewhat satisfied (32 percent) or not satisfied (28 percent) with the quality of threat intelligence obtained. However, this is a significant decrease from 70 percent in 2014, which indicates some improvement as the market matures. Concerns about how threat intelligence is obtained persist because information is not timely and is too complicated, according to 66 percent and 41 percent of respondents, respectively.
  1. Companies are paying for threat intelligence because it is considered better than free threat intelligence. Fifty-nine percent of respondents also believe it has proven effective in stopping security incidents.
  1. Seventy-three percent of respondents say they use threat indicators and that the most valuable types of information are indicators of malicious IP addresses and malicious URLs.
  1. The value of threat intelligence is considered to decline within minutes. However, only 24 percent of respondents say they receive threat intelligence in real time (9 percent) or hourly (15 percent).
  1. Forty-five percent of respondents say they use their threat intelligence program to define and rank levels of risk of not being able to prevent or mitigate threats. The primary indicators of risk are uncertainty about the accuracy of threat intelligence and an overall decline in the quality of the provider’s services (66 percent of respondents and 62 percent of respondents).
  1. Many respondents say their organizations are using threat intelligence in a non-security platform, such as DNS. The implication is that there is a blurring of lines in relation to what are considered pure networking tools and what are considered security tools. Security means defense-in-depth, plugging all gaps and covering all products.
  1. Seventy-two percent of respondents are using or plan to use multiple sources of threat intelligence. However, 59 percent of respondents have a lack of qualified staff and, therefore, consolidate threat intelligence manually.

Click here to read the rest of this report from Infoblox.

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