Session Leader: Jacques Théron – Financial Sector Cybersecurity Liaison Cyber and Information Security Unit – South African Reserve Bank (SARB)
Session Title: Increasing Collaboration between the Info/ Cyber Security Community
Cyberattacks have increased in frequency and sophistication, presenting significant challenges, not only to the financial industry, but also to all network enabled and connected organisations that must defend and protect their data and information against ever improving and capable threat actors. The primary purpose of threat intelligence is helping organisations understand the risks of the most common and severe external threats, such as zero-day threats, advance persistent threats (APT) and exploits. Therefore, the increasing use of sophisticated malware is making it difficult for organisations to identify the true intent behind the attack campaign, which in turn makes defending against and preventing those attacks a challenge. Thus, an organisation’s thereat intelligence sharing and collaboration goals and objectives should advance its overall cybersecurity strategy and help an organisation more effectively manage cyber-related risk prevention and mitigation.
By collaboration and threat intelligence sharing organisations can leverage the collective knowledge, experience, and capabilities of the sharing community to gain a more complete understanding of the threats. Collaboration and threat intelligence sharing will:
- Improved situational awareness
- Improved security posture
- Lead to greater defensive agility
- Improved cyber threat knowledge