When customers’ data, financial reports, an organization’s reputation, and customers’ trust are all at stake, cybersecurity becomes a top priority. With cyber-threats rising daily, both in volume and sophistication all over the world, your organization needs to be familiar with how to detect and have a quick response to cyber-incidents.
A cybersecurity breach can bring several years of your company’s hard work to an abrupt end. Hence, to ensure this doesn’t ever happen, it is important to employ Managed Detection and Response (MDR) services.
A managed detection and response plan is a crucial component of your online security. Read on to learn about MDR in cybersecurity.
What is Managed Detection and Response (MDR) In Cybersecurity?
Managed Detection and Response (MDR) is a proactive and advanced approach to manage cybersecurity by detecting malicious activities in your network or any other cybersecurity breach. It also provides security threat hunting, cybersecurity monitoring, assists in rapid breach incident analysis and response to eliminate threats from your system.
MDR in cybersecurity also needs human agency- security providers who give the organization’s access to their team of security experts and engineers. This team is usually responsible for monitoring networks, analyzing, and responding to cybersecurity incidents.
It is not enough to have your firewall up, while you sit and wait for breaches that will threaten your company’s reputation. With a well managed and strategic approach to threat detection and security incident response service, the burden of data security is taken off your in-house security team.
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Managed Detection and Response (MDR) VS. Managed Security Services (MSSP)
Over time, the distinction between the Managed and Detection Response (MDR) and Managed Security Service Provider (MSSP) has become blurry due to the overlap of their uses.
A managed security service provider (MSSP) is an outsource service provider that provides an organization with monitoring of security devices to protect digital infrastructures. Remote IT security services may include virus and spam blocking, secure web application firewalls, intrusion detection, firewalls, and Virtual Private Network (VPN) management.
MDR may sound like MSSP but there are some distinct differences between the two. Below, five major differences are briefly explained.
1. Coverage
MSSP works with different types of cyberthreat event logs. The customers determine which of their security data is sent to the provider. However, with MDR services, they only work with event logs that are provided by the provider’s tools and deployed at the customer’s premises.
2. Compliance Reporting
If your company needs compliance reporting, MSSP services provide a report, while MDR services rarely provide compliance reports.
3. The Human Touch
One of the advantages of MDR is that you get more human interaction with security specialists and analysts. It relies on more direct communication (voice, email). On the other hand, MSSP services only rely on portals and emails as a primary communication interface and with secondary access to security analysts provided via online chat and phone options.
4. Incident Response Support
MDR provides both on-site and remote incident response support, which is typically included in basic services. If you want an on-site incident response, you only need a separate retainer. This is different for MSSP. Both on-site and remote incidents are provided by separate retainers.
5. Detection Level
MDR provides deeper detection of cybersecurity breach as compared to traditional MSSP, which relies on rules and signature. For faster response to security threats, MDR uses Artificial Intelligence (AI) and machine learning to investigate, respond, and automatically contain threats.
Why You Need MDR Services For Your Cybersecurity Plan
MDR came as a successor of MSS with advanced offers and security intelligence, because of the need for companies who lack the financial and time resources to be more prepared for risks, improving their ability to swiftly detect and respond to cybersecurity threats.
It is predicted that 15% of mid sized businesses and bigger corporations will be using MDR services by 2020- a big leap from the less than 1% of companies that are currently using them. This is because MDR in cybersecurity will provide more security help than other services.
Here are five reasons why you need MDR services for your cybersecurity plan:
1. Detection of Advanced Threat
Unlike security monitoring services offered by MSSPs and other security providers, MDR is proactive. There is an instant hunt down function that utilizes advanced behavioral and high-tech endpoint analytics and statistics to hunt for unknown threats before they obtain your company’s database and network. MDR enhances your company’s ability to automatically detect the latest threat act that preventative cybersecurity solutions such as antivirus and firewalls software may easily miss.
2. Thorough Threat Investigation and Verification
Efficient MDR services do not just hunt for threats, they also do thorough investigation and verification. This is to avoid “false alarms” of cyber-attacks that may waste valuable time, resources, and manpower. This is more effective than the traditional managed service that simply passes unverified alerts. Before an alert is brought to the attention of your in-house security team, every alert is thoroughly investigated to ensure it is a genuine incident that requires immediate action.
3. Fully Certified Experts
MDR service providers offer certified expertise that many organizations may lack internally due to the cost. By choosing MDR, you can be certain that your network is under the close watch of experienced cybersecurity professionals who are actively committed to the success of your company’s cyberspace security.
By opting for an all-in-one MDR service provider, you reduce the burden of in-house security team recruitment and the huge financial cost of purchasing technologies. MDR service providers typically offer complete threat detection and response packages at an affordable fee.
4. All Technology and Intelligence Included and Regulated Compliance
Unlike many MSSPs, MDR providers supply all the required latest security technologies needed to facilitate successful threat detection and response like intrusion detection, cyberspace vulnerability scanning, analytics of cyberspace behavioral patterns, and endpoint analytics. They also ensure your cyber-defense procedures are compliant with regulatory bodies. A professional cybersecurity service provider will help review your processes and ensure best practices following regulatory compliance at all times.
5. Integrated Incident Response
In the event of a breach happening, MDR service providers ensure every event is monitored and managed by a team of dedicated security experts that have the knowledge and toolset to shut down threats before they cause damage to your business. This will help focus the attention of your in-house teams on shutting down threats, rather than the complex and resource-intensive task of discovering them. MDR in cybersecurity provides the assistance needed to rapidly eliminate threats and address vulnerabilities. According to research from the Ponemon Institute, it takes up to 191 days to identify a cyberspace and data breach. With MDR, the detection time is reduced to minutes, which speeds up quick mitigation incidents before they cause disruption.
Closing Thoughts
Regardless of the security threats that have become rife in today’s world, a number of organizations still have their cyberspace secured and protected from any cyber-attacks. Wondering how this is possible? All you need is the professional help of cybersecurity experts.
RSI Security provides a host of managed threat detection and response services and has several years of experience with organizations across industries like retail, financial services, and the public sector.
Many top organizations partner with us for cybersecurity incident management solutions because of our wide range of MDR services which include:
- Tailored detection and response plan
- Proficiency with relevant technology
- Extensive compliance expertise and;
- Ongoing training and awareness.
To see many more benefits of partnering with us, click here to learn much more about the mouth-watering benefits of enjoying our top-notch MDR services.
Download Our Breach Response Checklist
Whether you’re in the midst of a breach or preparing a plan for the future – this checklist will give a good starting point for responding to a breach. Upon filling out this brief form you will receive the checklist via email.