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Four Reasons Why You Need MDR in Your Cybersecurity Toolbox

Cyberattacks and cybercrime continue to increase and become increasingly sophisticated year over year. Businesses of all sizes need to be prepared and have strong cybersecurity measures in place to counteract malicious actors. Managed Detection and Response (MDR) is a powerful solution to create a more secure cybersecurity program for organizations strapped for time, resources, and money. In this blog, we’ll cover four reasons your business needs Managed Detection and Response.

1. Response time is critical.

According to the 2020 Cost of Data Break Report, the average time to identify and contain a breach is 280 days. During that time, however, lots of damage can be done. According to the Ponemon Institute, every minute of downtime can cost a business on average $9,000. MDR combines technology with human analysis to exponentially decrease dwell time. Long periods of downtime not only cost revenue but also have a severely negative impact on customer trust and reputation. The faster an attack is shut down, the better.

2. Malware spreads across an organization quickly.

According to Ponemon Institute’s State of Cybersecurity Report, 66% of organizations have experienced a cyberattack in the past year, and 69% of them also note that malware attacks are becoming more sophisticated. Malware only takes minutes to infiltrate an entire organization; for example, one attack took five minutes to infect 100,000 files. Some advanced malware attacks are more difficult to stop, reducing the time needed to spread across an entire organization. While some cybersecurity solutions on detect threats and alert you that there is a problem, MDR takes it one step further. With MDR, attacks are proactively mitigated, minimizing damages. Fast action is critical to stopping malware and other attacks from spreading across your infrastructure. Quick detection, alerting, and mitigation makes that possible.

3. Organizations lack resources.

Budgets are tight, and in-house cybersecurity personnel is expensive and challenging to keep. The average cybersecurity worker costs ~$53/hour, and it’s often more cost-effective to outsource 24/7 security protection to a managed services provider. The cost of keeping specialized workers in-house is only a part of the problem. There is a significant cybersecurity skills gap in the industry today. In fact, 47% of SMBs say they have an internal skills gap, leaving them vulnerable to sophisticated attacks. The cost of cybersecurity is often significantly less than the cost of a breach, making prevention the best defense against criminals. With MDR, businesses receive expert monitoring 24/7/365 through a dedicated security center on the cutting edge of emerging cyberattack trends and practices.

4. Cybercriminals are constantly changing tactics.

Malicious actors are constantly changing their tactics to take advantage of vulnerabilities in system weaknesses. Because of this, it can be difficult for in-house IT staff to stay up to date on the latest cyberattacks.  and tactics, which can ultimately put your business at risk. In fact, 41% of IT executives believe their security protections aren’t keeping up with digital transformation. New malware threats are created daily, and high-profile cyberattacks are more frequent in the news. Using Managed Detection and Response can help keep your business protected against new and evolving threats.

Prevention Is the Best Protection From Cyber Threats

Managed Detection and Response combines both artificial and human intelligence to detect, respond, and mitigate threats. With best-in-class detection and response technology, your business is thoroughly protected 24/7. Without this type of security in place, you run the risk of incurring heavy consequences when it comes to reputation, downtime, business revenue, and customer trust. Contact a TPx representative today to learn how TPx’s expert cybersecurity solutions can help your business.

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