5 Reasons for businesses to invest in managed detection and response

With the increasing number of complex and sophisticated cyberattacks, businesses are at a greater risk of suffering from staggering financial losses, reputational damage, and regulatory fines. To avoid such negative outcomes, companies must invest in effective cybersecurity solutions, such as managed detection and response (MDR).

What is managed detection and response?

MDR is a cybersecurity service that involves a third-party provider actively monitoring an organization’s IT network for signs of malicious activity, and responding to any threats detected.

The service uses a combination of advanced threat detection technologies and the expertise of human analysts. This enables MDR providers to identify complex threats that traditional security tools may fail to detect. When a threat is detected, the MDR provider will investigate and analyze the incident to determine its severity and impact on the organization. They will then take appropriate steps to contain and remediate the threat, such as isolating affected systems, removing malware, and recommending ways to improve the organization’s security posture.

Read also: Managed detection and response: What you need to know

Why should businesses use MDR services?

There are many reasons companies should partner with an MDR provider:

1. Cost savings

Hiring internal security analysts and employing cutting-edge solutions may be too expensive for small businesses. MDR services provide a cost-effective alternative that follows a subscription model, enabling small businesses to pay a predictable monthly fee to use the services.

Moreover, MDR providers can reduce costs associated with security incidents since they can detect and respond to cyberthreats quickly and effectively.

2. Access to expertise and resources

MDR services give companies access to specialized security expertise and solutions. MDR providers employ cybersecurity experts with extensive experience in threat detection, incident response, and other critical areas of cybersecurity. They also use advanced threat detection technologies, which can be expensive for small businesses to acquire and maintain on their own.

What’s more, MDR providers can offer valuable insights into cybersecurity trends and best practices to keep businesses informed about the latest threats and mitigation strategies. This is especially useful for those that may lack the resources or expertise to keep up with the rapidly evolving cybersecurity landscape.

Read also: SOC vs. MDR: Which cybersecurity service does your business need?

3. Proactive approach to cybersecurity

MDR providers proactively monitor their clients’ networks and endpoints 24/7 for potential threats and vulnerabilities. This allows them to quickly detect and effectively respond to security threats, preventing a security breach from occurring or minimizing the impact of a successful attack.

4. Advanced threat detection

MDR services use advanced threat detection technologies, such as intrusion detection and prevention systems, to identify complex and advanced threats that may bypass firewalls, antivirus software, and other traditional security tools. This enables MDR providers to defend against even the newest cyberthreats and vulnerabilities that have not yet been identified and patched (i.e., zero-day threats).

5. Compliance

MDR providers can help businesses understand and comply with the necessary cybersecurity regulations and standards, such as the Health Insurance Portability and Accountability Act of 1996 and the Payment Card Industry Data Security Standard. They can identify potential compliance risks and vulnerabilities and guide businesses in mitigating these. They can also implement specific security controls or procedures that these regulations require, such as multifactor authentication or regular vulnerability assessments.

Furthermore, MDR providers can offer detailed reports and documentation that prove compliance with regulatory requirements. This is particularly important for businesses that are subject to audits or other compliance reviews since it helps them avoid potential fines or legal repercussions resulting from noncompliance.

Seattle-based businesses can rely on Interplay for reliable MDR services. With over 20 years of experience in securing critical company data and IT systems, we can effectively protect your organization from all types of cyberthreats. Reach out to us today.