Posted on Oct 1, 2019
Applying advanced analytics to a data ecosystem, helps organizations gain insight into the way it operates, rather than viewing itself passively. When organizations apply analytics to their vendor management programs, they are able to better understand the cybersecurity practices within their ecosystems.
Security analytics is the process of collecting, aggregating, and analyzing data for purposes of security monitoring and threat detection. Using these advanced analytics, organizations can gain insight into their operations and assess security compliance, performance, and risks.
Analytics data can be collected in a number of ways, including:
Organizations can leverage security analytics in several ways to realize considerable organizational benefits:
Security analytics tools leverage various data sources and threat intelligence to detect threats and security incidents in real-time. Immediate detection capabilities allow for faster incident response and remediation. This helps organizations avoid potentially significant business consequences related to data breaches.
Security analytics tools aid in maintaining compliance with government and industry regulations like HIPAA and PCI-DSS. Some regulations require data monitoring or log collections, and these tools can help provide companies with a comprehensive view of all data events and incidents across the network. This allows for advanced monitoring of regulated data and helps to identify potential compliance issues.
Security analytics tools help monitor your organization’s security posture, identify asset vulnerabilities, and prioritize risk. Once these risks have been identified, it is important to rank them based on the level of risk posed to your organization and work to improve your security posture and the security posture of your third-party vendors. Once vulnerabilities have been addressed, security tools can then provide essential security metrics to benchmark your progress and allow for the continuous improvement of your security posture.
Check out our infographic below to learn more about security program analytics.
Check out our list of 3 top third party risk management (TPRM) challenges, and the actions you can take to bolster your program. Learn more.
Performing cybersecurity risk assessments is a key part of any organization’s information security management program. Read our guide.
Templates and vendor evaluations are needed to level that playing field, in a time efficient and fair way, so that the best vendors are chosen.
Co-founder and CEO, Alex Yampolskiy, speaks about the importance of measuring and acting on key indicators of cybersecurity risk.
You’ve invested in cybersecurity, but are you tracking your efforts? Check out our list of 20 cybersecurity KPIs you should track. Read more.
No waiting, 100% Free
Get your free scorecard and learn how you stack up across 10 risk categories. Answer a few simple questions and we'll instantly send your score to your business email.