How Does Managed Detection and Response Reduce Cyber Risks?

Today’s businesses are under constant threat of disruption from cybersecurity attacks. And with the rise in remote work, cloud adoption, and increasingly sophisticated social engineering tactics, these threats are only growing. Consider these statistics from 2022:

• Cyberattacks targeting US-based businesses increased by 57%.¹ 

• Ethical hackers found 65,000 network vulnerabilities, a 21% rise from 2021.² 

• 42% of companies are unable to proactively defend against cyberattacks.³

In order to stay ahead of cyber risks, businesses must take a more proactive approach to cybersecurity. One of the most effective ways to do this is by implementing managed detection and response (MDR). In this blog, we’ll explore how MDR services can help you reduce cyber risks and strengthen your overall security posture.

What Is Managed Detection and Response (MDR)?

MDR is a cybersecurity service that uses advanced tools and technologies to detect, analyze, and respond to security threats in real time. MDR services are designed to help businesses identify and respond to potential cyber threats – before they become major security incidents. 

Along with threat detection and response, the right MDR services provider can offer continuous monitoring, advanced analytics, expert insights, and recommendations to mitigate risk in the future.

Challenges of Cybersecurity Risk Management

MDR services help businesses overcome many of the challenges associated with managing and responding to cybersecurity threats, including:

• Limited Expertise - Many organizations lack the in-house expertise or resources to effectively monitor and respond to cybersecurity threats. MDR services provide access to experienced security analysts and the latest cybersecurity technology to help close this gap.

• Advanced Threat Detection - The increasing complexity of cyber threats can make it difficult to detect and address all potential risks. MDR service providers use advanced threat detection techniques, including machine learning and AI, to identify and respond to threats more effectively.

• Lack of Visibility - Without complete visibility into the corporate network, detecting potential threats can be a challenge for internal IT teams. MDR providers continuously monitor the entire IT infrastructure for comprehensive visibility and threat detection.

• Alert Fatigue - IT teams are often overwhelmed with alerts, many of which are false positives. This makes prioritizing and responding to real threats challenging, but MDR services can provide analysis to help in-house teams prioritize security alerts.

• Compliance - Many businesses are subject to various compliance requirements, such as HIPAA, PCI DSS, and GDPR. MDR service providers help organizations meet these requirements with continuous monitoring and threat detection, incident response, and compliance reporting.

How MDR Helps Businesses Reduce Cyber Risks

By partnering with an MDR service provider, you can gain access to the tools, expertise, and resources needed to defend your business network against cybersecurity risks at all times. A few benefits of MDR services include:

Continuous Monitoring

MDR service providers continuously monitor your IT environment using specialized tools that offer real-time visibility into your network, endpoints, and cloud environments. If a potential threat is detected, a team of security experts quickly addresses it to minimize the impact and prevent further damage.

Risk Mitigation

With MDR services, your in-house IT team can work closely with security experts to strengthen your security posture by identifying all potential risks and developing a plan to mitigate them.

Proactive Threat Hunting

By regularly conducting scans and analyses, MDR service providers identify potential security weaknesses and vulnerabilities before cybercriminals can exploit them. In addition to using advanced monitoring tools, MDR providers review and analyze system files for anomalies that could indicate an attack.

Advanced Analytics

MDR service providers analyze vast amounts of security data to identify attack patterns and detect potential threats that traditional cybersecurity measures may miss.

Lower Risk, Reduced Costs

Using an MDR solution eliminates the need to hire full-time employees to run a 24/7 SOC – for some businesses, this could be the equivalent of five annual salaries plus benefits. With MDR, you also won’t need to purchase a SIEM or other similar security tool, further increasing cost effectiveness.

Eliminate Cyber Risks With Safous’ MDR Solution

As cybersecurity risks become more complex, taking proactive steps to strengthen your security posture should be a top priority. MDR services can help protect your business network from the growing threat of cyber attacks, but finding the right provider is critical. 

Safous helps organizations streamline and automate their security operations with our comprehensive MDR solution. Built on Palo Alto Networks’ CortexTM XSOAR SOAR platform, our MDR solution integrates advanced security monitoring and management tools to monitor for threats 24/7/365.

With Safous’ MDR solution, you gain access to:

• Automated Security - Our platform analyzes alerts when a threat is detected and responds automatically as first-line treatment. Our security analysts also observe and investigate any incident, and coordinate with your IT staff to reduce the operational burden on your in-house teams.

• Comprehensive Protection - The Safous MDR platform supports the entire IT environment, including your network, endpoints, and cloud-based systems, to ensure your business is protected across the board.

• Multilingual Support - Our Indonesia-based security center provides customer support in Japanese and English. We also plan to offer support in Chinese, Indonesian, Vietnamese, Thai, and other languages by the end of 2023.

If you’re ready to eliminate cyber risks and strengthen your network security, contact Safous to get started with our MDR solution today.

Sources:

1. https://blog.checkpoint.com/2023/01/05/38-increase-in-2022-global-cyberattacks
2. https://www.techtarget.com/whatis/34-Cybersecurity-Statistics-to-Lose-Sleep-Over-in-2020
3. https://cybersecurity.asee.co/blog/cybersecurity-statistics