Enhancing Business Risk Intelligence with Information Sharing
Throughout my career in security and intelligence, I’ve come to recognize that information sharing is, in many ways, like exercise or flossing. We all know we should be doing it, but many of us don’t. Concerns over trust, privacy, and value continue to limit or prevent many organizations from sharing information about incidents, yet these legitimate concerns are not insurmountable.
I’ve experienced firsthand that when conducted effectively, collaboratively, and securely, information sharing can be immensely beneficial. Indeed, facing an increasingly complex landscape of cyber and physical risks, a growing number of organizations are engaging in external information sharing to enhance their Business Risk Intelligence (BRI) function and address security challenges. Here’s why your organization should, too:
Expand Your Capabilities
Sharing information with external organizations and teams exposes your organization to greater resources and expertise. For example, suppose your organization suddenly faces a rapid uptick in fraud and lacks the internal expertise needed to combat the increased volume and complexity of fraudulent schemes. By sharing information and collaborating with other organizations with well established and capable anti-fraud teams, your team can address this knowledge gap, leveraging external support to develop effective and scalable anti-fraud controls and mitigation procedures.
Gain an Extra Set of Eyes
A major security event can take its toll on the confidence of even the most seasoned and capable intelligence teams, which is why having access to a diverse community of trusted experts can be so valuable. Indeed, gaining the support and validation of an extra set of eyes can help you to verify whether your team has effectively assessed the scope and impact of the damages, accurately identified contributing factors, mitigated as much as possible, and taken appropriate measures to reduce the likelihood a repeat incident.
Enhance the Safety and Security of the Broader Community
As security and intelligence professionals, it’s our collective duty to protect organizations and industries from threats. Insights gleaned from past security incidents are often the best indicators of what to expect from future incidents. By exchanging lessons learned and other information pertaining to past incidents intelligence teams can avoid making the same mistakes others have made and ultimately strengthen their security and risk postures.
Information Sharing for Business Risk Intelligence (BRI)
To help our customers leverage the benefits of external support to enhance their BRI functions, we created Flashpoint Collaboration (FPCollab), an information-sharing community that equips members with trusted, timely insights to facilitate effective decisions around risk.
Exclusively comprising Flashpoint customers and team members, the community includes leading experts from more than 20 industries. Fueled by its members’ collective expertise in areas such as cybersecurity, physical security, and fraud, as well as fluency in more than a dozen languages, FPCollab provides the means to efficiently share, receive, and discuss critical information about threats and adversaries.
To learn how our customers are using FPCollab to support one another in addressing a variety of challenges, download our FPCollab use cases.
Chief Strategy Officer
Chris Camacho partners with Flashpoint’s executive team to develop, communicate, and execute strategic initiatives. With over 15 years of cybersecurity leadership experience, he has led initiatives across Operational Strategy, Incident Response, Threat Management, and Security Operations to ensure cyber risk postures align with business goals. An entrepreneur, Mr. Camacho also serves as CEO for NinjaJobs, a career-matching community for elite cybersecurity talent. He has a BS in Decision Sciences & Management of Information Systems from George Mason University.