Use MDR to Improve Your Cyber Security Posture :
cybercrime is at its highest point ever. Statista estimates that there were far over 236.1 million documented ransomware infections in just the first half of 2022.
The average cost of a data breach worldwide is $4.35 million, according to IBM’s Cost of a Data Breach 2022 research, while the average cost of a data breach in the United States is an amazing $9.44 million. The majority of businesses, if their data were compromised, would not be able to recover. Despite these figures, the majority of businesses around the world alarmingly still lack the personnel, procedures, technology, and expertise necessary to address these threats.
Meeting Insurance Companies’ Requirements
Insurance firms had to tighten their criteria as threats increased in complexity and scope, which left the vast majority of organisations struggling to fulfil the compliance standards demanded by cyber insurance providers.
In addition to standards becoming more complicated, insurance premiums have also gone up as hazards have grown. According to the Council of Insurance Agents & Brokers (CIAB), a group for commercial insurance and employee benefits intermediaries, “Cyber insurance premiums climbed by an average of 28% in the first quarter of 2022 compared to the fourth quarter of 2021,” as reported by CNBC.
An MSSP must be in place in order to evaluate risks and address issues with enterprise security. Companies find it challenging to comply with regulatory and compliance requirements of investors, partners, and insurance companies without the proper cyber security measures in place. Organizations can shield systems and accounts from specialised assaults with an MSSP. Be aware of the actions that must be made to improve your cyber security posture.
How to Improve Cyber Security Strategy and Compliance with MDR
Managed Detection & Response (MDR) uses real-time log analytics, security orchestration, automation, and response technology, as well as 24/7 threat monitoring, detection, and targeted response to quickly identify and reduce the impact of security threats and hazards.
For sophisticated analytics and contextualized events, combine human expertise and threat intelligence.
How Does MDR Benefit an Organization?
Cost and Risk Reduction: The likelihood of a breach is decreased, and around-the-clock detection and response are provided for a fraction of the price of building an internal staff.
Peace of Mind: With the use of a combination of threat intelligence and human knowledge, Peace of Mind has the capacity and capability to deliver customised services at scale.
Complete visibility: Visualize dangerous activity and configuration errors to focus on the threat’s origin.
Rapid Response: Playbooks for incident response, the SOAR platform, and qualified incident handlers to control threats and keep an eye on you.
Partner to rely on: A relationship that serves as an extension of your team and helps you uncover patterns of illegal behaviour and minimise risks is a partner you can rely on.
SecurityHQ is in the greatest position to work with companies of all sizes and in a wide range of technological environments to lessen the impact of a cyber security incident as a worldwide MSSP with experience conducting incident response investigations across a wide range of sectors.