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7 Reasons to Consider Managed Detection and Response Free Trial
#1. Establish WFH (Work from Home) Best Practices
It’s reasonable to assume that around 30% of the population remains working from home.
So it makes sense to adopt the best remote working technology practices now so that when things do return to normal, your business is set to reap these benefits and have accelerated growth.
The right system tools and hardware play a big part in enabling a happy and productive remote workforce.
Even before the COVID-19 pandemic. Then, the majority of companies transitioned to remote work, if temporarily. It’s made the viability of a remote workforce plain.
#2. Ransomware Attacks Can Happen To You
Ransomware is a well-named type of cyberattack. Cybercriminals taking this approach to kidnap your data. After accessing your network, they encrypt files and demand payment for the passcode. Here are the top seven things you need to know about this business threat.
Cybercriminals rely on your false confidence. We’ve all been guilty of thinking, “It won’t happen to me.” All organizations, especially small to medium businesses, are targeted. Large enterprise organizations may have the resources they need to protect their networks, but mistakes are common in a DIY environment.
#2 Ransomware Spreads Fast
Ransomware is malware, malicious software that can reach a network. So, if Jane from accounting opens a ransomware file, every single computer on your business network could be infected. The virus can spread between businesses, too. Consider the debilitating WannaCry ransomware attack of 2017. Within four days of its first detection in Europe, the strain had spread to 116 countries.
Be prepared for more ransomware in 2021. Cybersecurity Ventures has predicted that, globally, businesses in 2021 will fall victim to a ransomware attack every 11 seconds, down from every 14 seconds in 2019. That figure is based on historical cybercrime figures. It is estimated that the cost of ransomware to businesses will top $20 billion in 2021 and that global damages related to cybercrime will reach $6 trillion. Yes, that is with a “T”.
#3. You Need 24/7 Coverage But Don’t Have The Resources
The cybersecurity skills shortage is one of the trends we can expect to see in 2021. It’s not easy to staff a security operations center (SOC) with skilled individuals, plus try staffing around the clock. You may have a team that is dedicated to your IT department, but they are also helping to support your business. Running a 24/7 SOC is our only business.
A recent study from (ISC)2 claimed the global security workforce needs to increase by a staggering 145% to cope with a surge in hiring demand. In Europe, this has come particularly in smaller companies with one-99 employees, as well as those with over 500 employees.
#4. Not Sure You Need a SIEM, but Definitely Sure You Need Threat Detection
Managed Detection and Response (MDR) and SIEM are different solutions but they are complementary to each other and work well together, especially in a managed solution – we have a service called PREtect that uses both as well as vulnerability management.
A SIEM that is performing at peak performance should outperform MDR in detection. Detection is the key to SIEM. It’s important to have a team that can help respond to any problem that is detected. A SIEM can be deemed pointless if it is only noise and you aren’t able to respond to any potential threats.
#5. Cyberattacks Are Costly, Prevention Is Not
Once the ransomware is installed on your system, it locks down your files. To regain access to the files, you need the password or decryption key the attacker supplies when you pay up; that’s if they keep their end of the bargain once you pay the ransom. These are crooks you’re dealing with after all!
In Coveware’s analysis of Q3 2019, the average ransom payment increased by 13% to $41,198 as compared to $36,295 in Q2 of 2019. And that’s just the cost of the ransom. Indirect costs include the cost of downtime, lost revenue, and long-term brand damage. There’s also the expense of removing the ransomware, forensic analysis, and rebuilding systems.
#6. You Can See What AntiVirus Has Missed
Many organizations are not comfortable removing their antivirus product completely. Very often, clients will utilize Managed Detection and Response (MDR) security services to determine just how much their current AV has missed. You’ll have the ability to detect and prevent hidden exploit processes that are more complex than a simple signature or pattern and evade traditional antivirus.
#7. AI-based Technology + Skilled Humans is an Excellent Combination
We write a lot about how antivirus isn’t enough to protect your endpoints anymore. When you combine AI-based technology with skilled security analysts that are watching your systems around the clock, you should feel confident that your remote workforce is secure.
Read the full article, “7 Reasons to Consider Managed Detection and Response Services.”