Cyber security has changed dramatically since 2020 when ransomware and other attacks rose by 435% and 93% of organizations have suffered a breach or compromise.The volume and damage from cyber attacks have increased exponentially and organizations are struggling to keep up with implementing and maintaining the necessary technologies to combat cyber criminals. Not to mention the struggle to find and retain qualified security professionals to properly manage and monitor these systems (62% of organizations’ cybersecurity teams are understaffed). Companies understand that it is no longer a question of if, but of when their business will be compromised. To make matter worse, the average time to detect and contain a breach is still over 280 days with 53% of breaches being discovered by an external sourcewhich allows attackers to gain access to crown jewels and cause devasting down time (Average daily downtime cost of a breach is $225,000).
But all is not lost. The good news is that we know that the faster we identify a breach, the faster and cheaper it is to remediate. The way that is done is with Managed Detection and Response (MDR) services. MDR helps organizations meet the challenges of the constantly changing threat landscape by providing remotely delivered modern Security Operations Center (SOC) capabilities which help organizations rapidly detect, analyze, investigate and respond to threats that have bypassed traditional security controls. Managed Security Service Providers (MSSPs) providing MDR offer a turnkey SOC experience complete with all the required systems (Security Information and Event Management or SIEN), processes and expertise (such as highly trained SOC analysts and certified SOC) to monitor an organization’s assets including security assets (firewalls etc.), endpoints, cloud services, etc. MDR takes an organization’s haystack of data and shows where the painful needles are and more importantly, helps eliminate the needles quickly to minimize impact — saving precious time and money.
MDR is the fastest and easiest way an organization can improve its security posture. Gartner estimates that by 2025, 50% of organizations will be using MDR services as companies of all sizes are realizing its value.
Here are five reasons how you can improve your security posture with MDR:
The difference between the winners and losers when it comes to cyberattacks is how effectively the organization detects and responds to a threat or attack. MDR combines people, processes and systems to detect and remediate threats faster, saving time, money and resources that ensure your company’s data and business stay secure. Accelerate your security maturity by speaking with an MSSP providing MDR services to ensure you are on the winning side by avoiding the ever-increasing cost and frequency of security breaches.
 The State of Incident Response 2021, Wakefield Research (market survey of 500 security and risk leaders)
 ISACA report, 2022
 Ponemon Study, 2022
 Soaring to New Heights by Megan Gates, July 2022; Esentire, MDR report
 Gartner, Inc., Market Guide for Managed Detection and Response Services, 26 August 2020