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REDEFINING CYBERSECURITY FOR A COMPREHENSIVE SECURITY POSTUREREDEFINING
CYBERSECURITY FOR A COMPREHENSIVE SECURITY POSTURE

The integration of different disciplines of cybersecurity and fraud management
is a necessary evolution in the face of increasingly sophisticated digital
threats.

Ayan Halder

January 26, 2024

4 Min Read
Source: Andriy Popov via Alamy Stock Photo


Cybersecurity is the practice of securing businesses' infrastructure and
endpoints from unauthorized access. Multiple teams within an organization lead
different aspects of cybersecurity. From Web application firewall (WAF) to
application programming interface (API) security, these teams often work in
silos with their independent key performance indicators (KPIs) and road maps
leading to fragmentation in understanding the comprehensive threat landscape of
the organization.

The discipline of fraud prevention — a relatively new but now-established method
of stopping threat actors who exploit Web applications for financial gain — has
fragmented the cybersecurity landscape within an organization even further.
Fraud prevention teams, often a part of consumer growth and onboarding teams,
operate their independent road maps and attempt to eradicate fraudulent
financial losses.



Redefining cybersecurity to combine these disciplines under one umbrella brings
a multitude of benefits to an organization, including a comprehensive
cybersecurity posture, efficient resource utilization, and reduced capital burn.




THE THREAT ACTORS' PERSPECTIVE

Threat actors target an organization mostly for financial incentives. And
financial incentives exist across multiple surfaces within an organization.
Attackers could target employees to gain unauthorized access to internal servers
and then blackmail them in exchange for giving up the unauthorized access. They
can also target the consumer-facing application for distributed
denial-of-service (DDoS) attacks or other malicious purposes.



Recently, Microsoft took down Storm-1152, a cybercriminal group, known for
illegally reselling Outlook accounts for financial gain. One can't guarantee
that individuals behind the group won't resurface to attack a different
Microsoft platform.

Given the threat, organizations are better off unifying the different teams
involved directly and indirectly with cybersecurity to land a comprehensive
security posture. 


EFFICIENT CAPITAL MANAGEMENT

Cybersecurity is a fragmented market, and vendors are blurring the lines between
traditional cybersecurity and fraud management by trying to unlock those use
cases within the same platform. However, since the buyers of fraud management
tools differ from buyers of traditional cybersecurity tools, and these teams
operate in silos, organizations fail to consolidate vendors and spend more than
needed.



The current macroeconomic climate demands efficiency, and efficient vendor
management through consolidation across different surfaces offers a lucrative
angle to capital efficiency.


INTEGRATING THE DOMAINS

Although difficult in the beginning, a few initial actions can help set the
operations up for success:

 * Unified strategy and common KPIs: Bringing in the right representation and
   creating a unified strategy is key to success. A unified strategy ensures
   that every stakeholder is accountable for driving that strategy forward.
   Defining cross-team KPIs makes the unified strategy measurable. For example,
   instead of letting the bot management team set a siloed KPI, such as "Number
   of bot attacks stopper per month," bringing in the bot management,
   account-takeover, and transaction fraud detection teams together and setting
   up KPIs that look at bot attacks stopped and bots that trickled down to
   commit account takeovers and, ultimately, a transaction fraud can bring more
   visibility across the chain and keep everyone accountable.

 * Integrated technology stack: Once a unified strategy is set, invest in an
   integrated technology stack. Siloed technology stacks create opaqueness that,
   in turn, leads to inefficiencies. An integrated technology stack ensures full
   visibility by any team in the chain. Downstream teams can use threat
   indicators identified by upstream teams to further probe the traffic.
   Similarly, if downstream teams find interesting actionable insights, upstream
   teams can act on such insights. For example, teams responsible for API
   security may find threat insights based on the sequence of API usage by
   consumers that aren't usually available to bot and fraud protection teams.
   Such insights can be used if such an integrated technology stack exists.

 * Unified vendor strategy: Almost every team responsible for cybersecurity and
   fraud protection uses vendors to complement their work. The majority of the
   vendors offer overlapping capabilities to unlock additional use cases. Having
   a unified vendor strategy ensures that every team is aware of vendors used by
   other teams. Additionally, the integrated technology stack ensures that
   signals from the vendors can be used across teams instead of in just one.
   Cost efficiency is an added benefit.

 * Unified response to threat incidents: Creating cross-functional tiger teams
   during incidents ensures that each incident is looked at holistically. Such
   an effort not only significantly reduces the probability of another attack
   from the same and similar groups but also conserves capital outflow from
   ransom demands.




CONCLUSION

The integration of different disciplines of cybersecurity and fraud management,
guided by unified strategy, common KPIs, and shared accountabilities, is not
just a strategic move but a necessary evolution in the face of increasingly
sophisticated digital threats. By fostering collaboration and alignment in
objectives, companies can build a more resilient and efficient digital security
posture, protecting their assets, their reputation, and, most importantly, their
customers. The goal is to create a unified front against digital threats, where
the strengths of each domain are leveraged to enhance the overall security of
the organization.





ABOUT THE AUTHOR(S)

Ayan Halder

Principal Product Manager, Arkose Labs

As the Principal Product Manager at Arkose Labs, Ayan leads Detection product
strategy and development to help businesses identify and secure against botnet
attacks and human-driven fraud. Ayan has over 10 years of professional
experience across several domains and over five years exclusively in the fraud
detection space at TeleSign and Arkose Labs. He has a deep interest and domain
expertise in the fraud detection space and actively writes about the
opportunities and challenges of this growing space.

See more from Ayan Halder
Keep up with the latest cybersecurity threats, newly discovered vulnerabilities,
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