Not only are cyberattacks becoming more common, but they’re also increasingly expensive: Cybersecurity Ventures predicts that cybercrime will cost $10.5 trillion annually by 2025. The truth is there isn’t a single organization that doesn’t need threat detection and response. Whatever its industry or size, no organization is safe from cyber threats. Managed Detection and Response (MDR) Services is a turnkey solution that provides organizations with the people, processes, and technology needed to detect and stop cyber threats.
With MDR services, organizations can fill the talent gap and deploy advanced threat detection solutions that protect them against the slew of endless threats. Whether or not you’re considering your organization’s overall security approach, here are five signs you need MDR.
1. You Lack 24/7 Security Oversight
Did you know that most successful cyberattacks happen when your team is offline? That’s why 24/7/365 threat monitoring and response is essential to every business. The challenge most organizations find is that they can’t respond to every alert, so many become overwhelmed by the volume. That’s when critical alerts slip through the cracks and attackers go unnoticed.
The overhead and investment into technology required by a 24/7 security operations center (SOC) is just not feasible for the majority of companies today. With MDR services, you’re getting a 24/7 team without the management, responsibility, and cost. If you have minimal security skills on your internal team, then MDR services are a no-brainer.
2. Regulatory Compliance Is a Priority
The line between cybersecurity and compliance continues to blur. It’s not easy to stay up to date on the latest standards in your industry, as they’re frequently updated to address the latest threats. State, federal, and international requirements can be complicated and are in a constant state of change.
MDR offers a significant improvement in meeting compliance requirements right from the start. Plus, your MDR provider should be able to make customizations to meet your company’s unique needs. With MDR services, you’re making a big stride in moving away from the checkbox mentality of compliance to an integrated approach that makes audits and new control requirements easier.
3. You Have a Tight Budget
When you lack proactive cybersecurity solutions, you can expect unpredictable security spend. And if you have a tight budget, you don’t have the advantage of paying high salaries, hefty compliance fines, or ransomware payouts. MDR is a turnkey approach for organizations that don’t have the people, processes, and technology to detect and respond to threats. You have a full team of highly skilled experts who are not on your payroll and are dedicated to continuously improving your security posture 24/7.
On top of the people component, the tools that make up the MDR stack—SIEM and SOAR platforms, threat intelligence, and detection tools—are expensive and require constant management and optimization. Taking the DIY approach to threat detection and response gets expensive fast. An MDR vendor will take the stress off your shoulders and customize the service to your budget.
4. You Need Long-Term Strategic Security Guidance
Making progress on the journey toward a stronger security posture and less risk requires strategic guidance on how to get you there. Cybersecurity is constantly evolving and requires a comprehensive approach that encompasses the entire attack surface.
The “managed” part of “Managed Detection and Response” is not to be overlooked. You’re getting skilled security pros on your side who intimately understand your environment and goals. An MDR provider becomes your partner in the fight against threats and someone you can rely on to boost your security maturity.
5. You’ve Experienced a Breach
This should really go without saying, but if you have already experienced a breach or intrusion attempt, take action now. Don’t wait. Hopefully, if you’re reading this, you’re not in this position, but if you are, find an MDR provider you can trust that will get you in a better state.
Find the Right MDR Provider for You
Now that you know you’re ready for MDR services, it’s time to find the right provider for you. Dramatically improve your security posture with a team that goes above and beyond for your organization by checking out our MDR services comparison guide and learning more about ProArch’s Managed Detection and Response services here.