Millions of cyberattacks happen every day across the world. Nearly $2.9 million is lost every single minute to cybercrime. As cybercriminals come up with novel ways to execute their attacks, it may not be possible to prevent all of them. However, it is important to develop better ways for organizations to protect themselves. This is where cybersecurity analytics steps in. 

What is cybersecurity analytics? 

Cybersecurity analytics refers to the process of using data collection, data aggregation, and analytical tools to detect cyber threats and monitoring security. Organizations that use cybersecurity analytics tools can analyze security breaches to detect potential before they negatively impact an organization. Cybersecurity analytics involves the study of the digital trail left behind by cybercriminals after an attack. It helps identify the weak spots or weaknesses in an organization’s defense systems and prevent similar attacks in the future. 

What are the benefits of cybersecurity analytics? 

Organizations that aim to become more data-driven must also include cybersecurity analytical to prevent any potential data breach. Other benefits associated with cybersecurity analytics include: 

-       It offers greater visibility into historical trends and the relationship between them. Considering that there is a shortage of data security professionals, there is an increased need for clear and comprehensible tools and platforms. 

-       Cybersecurity analytics provides a holistic view of how a cyberattack fits into existing systems, traffic, and security protocols. It can provide valuable insight to organizations helping them develop better strategies. 

-       Cybersecurity analytics takes a lot of the burden off your IT department. By deploying cybersecurity analytics tools, your IT team can focus more on preventing cyberattacks. 

-       Security analytics tools help you remain compliant with government and industry regulations. The compliance team can closely monitor sensitive data and identify any potential breach. 

-       Data sources in an organization not frequently used could help organizations understand security threats. With the help of cybersecurity analytics, these sources can be integrated into the existing security protocols. 

Use cases of cybersecurity analytics 

Organizations can use cybersecurity analytics in different ways. 

-       Cloud security monitoring 

Efficient communications, easy accessibility, and convenience are making more businesses move to the cloud. However, the cloud comes with its own security challenges. Cybersecurity analytics can help monitor cloud-based infrastructure and sensitive data stored on the cloud. 

-       Network traffic analysis 

Due to emails and messages, traffic is constantly moving in and out of your network. High volumes of traffic can affect visibility. Cybersecurity analytics can help analyze your entire network traffic. 

-       Insider threat detection 

Insider threats are equally dangerous as external threats. Human error and ignorance can lead to malware, phishing, or social engineering attacks. Cybersecurity analytics can investigate such breaches and mitigate the risks. 

-       Cyber security reporting 

Executive teams and boards are in need of information that allows them to make critical business decisions in an efficient manner. Cybersecurity analytics provide the organisation with the necessary data to build transparant dashboards for executive audiences. 

-       Cyber security Compliance 

Organizations are encumbered with more cyber security and data protection compliance requirements every year. Cybersecurity analytics can support an organisation’s compliance efforts by providing continuous insight into program and controls efficiency and performance. 

What can Damovo do for you? 

At Damovo we combine dozens of years of experience in information security with a keen understanding of data analytics and business requirements. Our expert resources can help you to build a strategic cybersecurity analytics roadmap and assist you in implementing the tactical requirements to support these efforts.