Threat actors have turned cybercrime into big business — a $1.5T USD industry where a ransomware attack occurs every 11 seconds.
Each year, the cybersecurity industry works diligently to launch and refine tools, technologies, and solutions. The bad news? So do cybercriminals. Their nefarious innovations continue to leave organisations reeling from cyber attacks that steal data, damage reputations, and put serious dents in annual budgets.
Even worse, the organisations who utilise the tools, technologies, and solutions developed by cybersecurity experts often find they don’t keep them safe from cyber attack, as these innovations are only as good as the team trained to monitor and optimise them. And that team can be very difficult to find. Recent reports claim 32% of global organisations have difficulty hiring and retaining staff and 36% of organisations feel their current staff lacks the necessary expertise.
In a world of increasing and evolving threats, expanding attack surfaces, shrinking budgets, and a global security staff shortage, IT departments are all but incapable of the 24×7 monitoring, detection, and threat response required to protect their organisation from modern cyber attacks.
More organisations are now turning to managed detection and response (MDR) solutions to overcome their operational hurdles and get the needed expertise required to proactively protect their environments.
Explore MDR Options
MDR solutions supply log aggregation, continuous monitoring, threat triaging, and incident response, as well as 24×7 access to a skilled security team as a managed service. The main differentiator for MDR from other tools and security operations solutions is this human element.
However, not all MDR solutions are the same. Some MDR solutions are more product focused, where managed services are offered on top of tools. Others are service focused, offering detection and monitoring of the existing security stack.
2023 Gartner® Market Guide for MDR Services.
Leading analyst Gartner® explores the differences between MDR offerings in the 2023 Gartner® Market Guide for MDR Services.
They estimate that, “by 2025, 60% of organisations will be actively using remote threat disruption and containment capabilities delivered directly by MDR providers, up from 30% today.”
Discover what MDR solutions offer and how they differ from each other so you can make the best decision for your organisation.
Download the 2023 Gartner® Market Guide for MDR Services.