Cyberattacks have become a growing threat for organizations of all sizes. According to Statista, the current cost of cybercrime sits at $9.22 trillion, and is expected to rise to $13.82 trillion in the next few years. While many businesses believe they have the security protections required to deal with such a rapidly evolving – and expensive – threat landscape, their money is largely invested in preventative measures such as firewalls and antivirus software. Unfortunately, this is no longer enough to secure your business against today’s sophisticated threats.
40% of business leaders predict that cybersecurity threats will have a high or very high impact on their performance this year, so naturally, finding a solution to this pain point is top-of-mind. However, to improve their defenses and security posture, it isn’t possible to simply create a new on-site security department from nowhere. Instead, solutions such as managed detection and response (MDR) can help businesses control their cybersecurity in a financially manageable yet highly effective way. Before looking more closely at the role MDR can play in your business, let's look more closely at your organization’s current security posture.